Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE BILL GATTON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1147
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BRISTOL, TN37621
A Employer identification number

62-1266284
B Telephone number (see instructions)

(800) 496-2583
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$901,829,786J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 688,099,872
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,702 1,702  
4 Dividends and interest from securities... 20,691,260 20,691,260  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -44,617,512
b Gross sales price for all assets on line 6a 1,388,206,365
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
39,552 -706,373  
12 Total. Add lines 1 through 11........ 664,214,874 19,986,589  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 561,767 280,883   280,884
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
9,637 4,818   4,819
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,900 6,450   6,450
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
622,800 417,389   205,411
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
678,036 0   1,295
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
48,094 0   48,094
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,933,234 709,540   546,953
25 Contributions, gifts, grants paid....... 9,045,000 9,045,000
26 Total expenses and disbursements. Add lines 24 and 25 10,978,234 709,540   9,591,953
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 653,236,640
b Net investment income (if negative, enter -0-) 19,277,049
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,830,041 1,977,951 1,977,951
2 Savings and temporary cash investments......... 476,708 58,660,977 58,660,977
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow8,096,316
Less: allowance for doubtful accounts right arrow0 11,162,338 Click to see attachment
List of Attached Documents:
// Content
8,096,316 		8,096,316
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment
List of Attached Documents:
// Content
81,520,256 		82,382,653
b Investments—corporate stock (attach schedule)....... 158,090,040 Click to see attachment
List of Attached Documents:
// Content
729,149,651 		743,062,410
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,507,108 Click to see attachment
List of Attached Documents:
// Content
1,135,639 		3,393,940
14 Land, buildings, and equipment: basis right arrow135,239
Less: accumulated depreciation (attach schedule) right arrow   0 Click to see attachment
List of Attached Documents:
// Content
135,239 		135,239
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
-2,662,347 		Click to see attachment
List of Attached Documents:
// Content
-4,271,640 		Click to see attachment
List of Attached Documents:
// Content
4,120,300
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 172,403,888 876,404,389 901,829,786
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 172,403,888 876,404,389
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 172,403,888 876,404,389
30 Total liabilities and net assets/fund balances (see instructions). 172,403,888 876,404,389
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
172,403,888
2
Enter amount from Part I, line 27a .....................
2
653,236,640
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
50,763,861
4
Add lines 1, 2, and 3 ..........................
4
876,404,389
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
876,404,389
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b MURFREESBORO INVESTMENT PROPERTY P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,382,803,365   1,430,659,090 -47,855,725
b 5,403,000   2,164,787 3,238,213
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -47,855,725
b       3,238,213
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -44,617,512
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 267,951
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 267,951
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 267,951
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 303,070
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 333,070
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 65,119
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow65,119 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.BILLGATTONFOUNDATION.ORG
14
The books are in care ofright arrowJPMORGAN PRIVATE FOUNDATION SERVICE Telephone no.right arrow (800) 496-2583

Located atright arrow390 MADISON AVENUE 14TH FLOORNEW YORKNY ZIP+4right arrow100172513
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ROBERT PEEL TRUSTEE & EXECUTIVE DIRECTOR
40.00 		376,281 0 27,154
PO BOX 1147
BRISTOL,TN37621
DANNY L DUNN TRUSTEE
40.00 		125,000 0 0
PO BOX 1147
BRISTOL,TN37621
FRANK WINSTON TRUSTEE
3.00 		33,333 0 0
PO BOX 1147
BRISTOL,TN37621
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
JPMORGAN CHASE BANK NA FINANCIAL SERVICES 341,578
390 MADISON AVENUE 14TH FLOOR
NEW YORK,NY100172513
NORTHCHURCH LLC REAL ESTATE CONSULTING FEES 118,094
123N CHURCH STREET
MURFREESBRORO,TN37130
TRUIST BANK FINANCIAL SERVICES 113,156
PO BOX 596
RICHMOND,VA23286
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NONE 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NONE 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
617,009,480
b
Average of monthly cash balances.......................
1b
44,215,354
c
Fair market value of all other assets (see instructions)................
1c
15,745,795
d
Total (add lines 1a, b, and c).........................
1d
676,970,629
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
676,970,629
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
10,154,559
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
666,816,070
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
33,340,804
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
33,340,804
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
267,951
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
267,951
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
33,072,853
4
Recoveries of amounts treated as qualifying distributions................
4
161
5
Add lines 3 and 4............................
5
33,073,014
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
33,073,014
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
9,591,953
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
9,591,953
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 33,073,014
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 569,361
f Total of lines 3a through e ........ 569,361
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 9,591,953
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 9,591,953
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 569,361 569,361
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		22,911,700
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BILLGATTONFOUNDATIONJPMORGANCOM
C/O JPMORGAN CHASE BANK NA 390
MADISON AVENUE 14TH FL
NEW YORK,NY10017
(212) 464-2334
bThe form in which applications should be submitted and information and materials they should include:
NO OFFICIAL APPLICATION; OUTLINE AS TO NEEDS AND WHAT PURPOSE FUNDS WILL BE USED.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE ONLY RESTRICTION IS THAT THE CONTRIBUTION MUST BE MADE TO AN ORGANIZATION, WITHIN THE UNITED STATES OR ANY OF ITS POSSESSIONS, FOR PURPOSES DESCRIBED IN SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE, INCLUDING RELIGIOUS, CHARITABLE, EDUCATIONAL, SCIENTIFIC, TESTING FOR PUBLIC SAFETY, LITERACY OR PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

UNIVERSITY OF KENTUCKY

101 WILLIAM B STURGILL PHILANTHROPY
BUILDING
LEXINGTON,KY405060015 		N/A PC EDUCATION 5,000,000

KING UNIVERSITY

1350 KING COLLEGE ROAD
BRISTOL,TN37620 		N/A PC EDUCATION 4,000,000

UNITED WAY OF BRISTOL TNVA

315 8TH STREET
BRISTOL,TN37620 		N/A PC ANNUAL CAMPAIGN 21,000

UNITED WAY OF BRISTOL TNVA

315 8TH STREET
BRISTOL,TN37620 		N/A PC ANNUAL CAMPAIGN 14,000

APPALACHIAN LITERACY INITIATIVE

PO BOX 3283
BRISTOL,TN37625 		N/A PC EDUCATION 10,000
Total .................................right arrow 3a 9,045,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,702  
4 Dividends and interest from securities ....     14 20,691,260  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 340,648 18 -44,958,160  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INVESTMENT INCOME 		901101 -282,185 01 321,576  
bLIAB INSURANCE REFUND     01 161  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 58,463 -23,943,461 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-23,884,998
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE BILL GATTON FOUNDATION
 
Employer identification number

62-1266284
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE BILL GATTON FOUNDATION
  		Employer identification number
62-1266284
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CM GATTON REVOCABLE TRUST
 
PO BOX 1147
 
BRISTOL, TN37621

$ 688,099,872


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE BILL GATTON FOUNDATION
  		Employer identification number

62-1266284
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 PUBLICLY TRADED SECURITIES $ 680,888,634 2023-06-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE BILL GATTON FOUNDATION
  		Employer identification number

62-1266284
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 12,900 6,450   6,450

TY 2023 InvestmentsCorpStockSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 467,494 488,332
ABBOTT LABORATORIES 1,593,480 1,623,267
ABBVIE INC 796,479 767,721
ACCENTURE PLC-CL A 601,455 648,131
ADOBE INC 222,632 242,816
ADVANCED MICRO DEVICES INC 86,743 122,940
ADVANSIX INC 414 240
AERCAP HOLDINGS NV 65,520 96,616
AES CORP 457,647 416,108
AIRBNB INC-CLASS A 49,487 52,414
AKAMAI TECHNOLOGIES INC 4,757 4,734
ALCON INC 55,485 56,793
ALIGN TECHNOLOGY INC 169,965 120,286
ALLEGION PLC 413,015 465,839
ALLSTATE CORP 219,484 280,380
ALNYLAM PHARMACEUTICALS INC 82,512 96,088
ALPHABET INC-CL A 947,763 1,050,050
ALPHABET INC-CL C 2,404,835 2,634,123
AMAZON.COM INC 3,414,861 3,761,707
AMCOR PLC 438,230 411,956
AMEREN CORPORATION 286,107 245,088
AMERICAN ELECTRIC POWER 240,894 192,167
AMERICAN EQUITY INVT LIFE HL 4,307 6,138
AMERICAN EXPRESS CO 1,139,882 1,158,788
AMERICAN TOWER CORP 26,984 22,883
AMERICAN WATER WORKS CO INC 127,282 102,292
AMPHENOL CORP-CL A 115,796 137,890
ANALOG DEVICES INC 1,467,912 1,497,448
ANSYS INC 557,778 651,007
AON CORP 1,049,333 1,076,134
APPLE INC 7,201,174 7,685,284
APPLIED MATERIALS INC 491,639 559,628
ARCHER-DANIELS-MIDLAND CO 388,752 361,606
ARISTA NETWORKS INC 85,532 100,563
ARTHUR J GALLAGHER & CO 479,219 448,636
ARTISAN INTL VAL-INST 44,675,932 46,462,565
ASHLAND INC 110,386 87,092
ASML HOLDING NV-NY REG SHS 36,371 46,929
ASPEN TECHNOLOGY INC 459,062 543,110
AT&T INC 543,439 514,676
AUTODESK INC 1,373 1,704
AUTOMATIC DATA PROCESSING 1,107,791 1,131,007
AUTOZONE INC 113,737 116,352
AZENTA INC 5,744 4,820
BABCOCK & WILCOX ENTERPR 5,894 548
BALCHEM CORP 5,791 6,545
BANDWIDTH INC-CLASS A 1,347 680
BECTON DICKINSON & CO 119,171 109,480
BENTLEY SYSTEMS INC-CLASS B 825,312 833,315
BERKSHIRE HATHAWAY INC-CL B 1,004,067 1,041,447
BIOGEN INC 35,825 43,215
BIOHAVEN LTD 1,863 12,284
BIOMARIN PHARMACEUTICAL INC 54,966 65,180
BJ'S WHOLESALE CLUB HOLDINGS 110,886 110,456
BK OF AMER CORP 1,689,093 1,721,523
BK OF NY MELLON CORP 625,998 638,923
BLACKSTONE INC 78,259 100,677
BLOCK INC 114,998 75,030
BLOOM ENERGY CORP- A 17,673 11,722
BOOKING HOLDINGS INC 138,535 223,475
BOYLE BANCORP INC 38,585 35,440
BP CAP MARKETS AMER 1,051,446 1,061,595
BRIGHT HORIZONS FAMILY SOLUT 365,277 379,222
BROADCOM INC 272,816 353,851
BROWN-FORMAN CORP 1,050,268 1,059,234
CALAVO GROWERS INC 2,092 1,618
CANADIAN NATURAL RESOURCES 9,379 9,173
CAREDX INC 39,553 14,124
CARRIER GLOBAL CORP 141,940 197,111
CASEY'S GENERAL STORES INC 46,537 61,267
CBRE GROUP INC - A 190,817 226,860
CELSIUS HOLDINGS INC 92,112 89,794
CF INDUSTRIES HOLDINGS INC 211,424 227,768
CHARLES RIVER LABORATORIES 493,371 577,052
CHARTER COMMUNICATIONS INC CL A 166,732 118,936
CHECK POINT SOFTWARE TECH 10,650 11,459
CHEGG INC 29,758 10,599
CHEMED CORP 390,280 435,054
CHEMOURS CO/THE 26,306 24,475
CHENIERE ENERGY INC 64,399 65,553
CHINA HIGH PRECISION AUTOMATION GRP 416 416
CHIPOTLE MEXICAN GRILL INC 135,403 160,087
CHOICE HOTELS INTL INC 377,355 349,191
CHUBB LTD 60,069 64,410
CHURCH & DWIGHT CO INC 1,035,147 1,048,232
CIGNA GROUP/THE 1,052,965 1,084,228
CISCO SYSTEMS INC 529,978 500,603
CITIBANK NA 1,300,837 1,313,531
CME GROUP INC 232,807 257,564
CMS ENERGY CORP 255,099 242,326
COCA COLA CO 2,188,458 2,174,083
COGNIZANT TECH SOLUTIONS-A 60,665 67,977
COLGATE-PALMOLIVE CO 1,433,653 1,442,404
COMCAST CORP 1,174,760 1,196,898
COMCAST CORP-CLASS A 364,677 371,146
COMWLTH EDISON CO 1,053,259 1,070,816
CONOCOPHILLIPS 628,884 660,554
COOPER COS INC/THE 686,423 711,467
CORTEVA INC 105,484 82,710
COSTAR GROUP INC 13,734 19,663
COSTCO WHOLESALE CORP 1,437,261 1,486,924
CRYOPORT INC 1,968 1,038
CSX CORP 222,773 221,368
CULLEN/FROST BANKERS INC 200,728 155,683
CUMMINS INC 69,180 84,089
DANAHER CORP 320,193 340,764
DEERE & CO 292,165 277,910
DELL TECHNOLOGIES -C 111,493 180,617
DENTSPLY SIRONA INC 99,122 72,105
DEVON ENERGY CORP 133,837 95,538
DODGE & COX INCOME-I 30,292,196 30,962,580
DOLBY LABORATORIES INC-CL A 488,601 503,033
DOORDASH INC - A 76,452 79,903
DOW INC 28,947 24,075
DR HORTON INC 82,709 85,413
DUKE ENERGY CORP 508,777 483,162
DUKE ENERGY PROGRESS LLC 1,040,269 1,064,512
DUPONT DE NEMOURS INC 147,908 165,784
DXC TECHNOLOGY CO COMMON STOCK USD 27,302 19,943
DYNAVAX TECHNOLOGIES CORP 37,386 50,328
EASTMAN CHEMICAL CO 229,172 250,239
EATON CORP PLC 715,826 842,148
EATON VANCE-ATLANTA SMID-R6 19,074,241 19,865,828
EBAY INC 79,201 63,729
EDWARDS LIFESCIENCES CORP 137,308 100,574
ELANCO ANIMAL HEALTH INC 452,375 260,750
ELEVANCE HEALTH INC 856,735 877,023
ELI LILLY & CO 642,838 633,634
EMBECTA CORP 2,864 1,685
EMERSON ELECTRIC CO 216,345 225,027
ENVESTNET INC 6,302 3,764
EOG RESOURCES INC 132,255 129,054
EQUIFAX INC 491,632 598,195
EQUINIX INC 292,923 300,410
EXACT SCIENCES CORP 92,155 97,728
EXPONENT INC 429,165 423,913
EXXON MOBIL CORP 485,471 453,209
FAIR ISAAC CORP 294,696 407,404
FIDELITY 500 INDEX FUND 33,727,922 36,148,943
FIDELITY INTL INDX-INST PRM 3,294,295 3,383,008
FIDELITY NATIONAL INFO SERV 4,621 2,703
FINANCIAL SELECT SECTOR SPDR 3,665,007 4,052,265
FIRST COMMUNITY BANKSHARES 165,581 226,013
FIRST HORIZON CORP 18,720 18,720
FIRST REPUBLIC BANK/CA 100,050 41
FIRST SOLAR INC 31,077 35,662
FISERV INC 8,695 11,557
FLUOR CORP 95,093 121,427
FORESTAR GROUP INC 267,020 263,436
FOX FACTORY HOLDING CORP 11,163 8,368
FREEPORT-MCMORAN INC 58,446 64,196
GANNETT CO INC 67,620 37,030
GARRETT MOTION INC 10,954 11,604
GENERAL MOTORS CO 364,163 344,616
GOLDMAN SACHS GROUP INC 1,370,094 1,394,730
GRAY TELEVISION INC 234,611 102,592
GROCERY OUTLET HOLDING CORP 2,936 2,319
GXO LOGISTICS INC 6,120 6,361
H&E EQUIPMENT SERVICES INC 5,780 7,534
HAIN CELESTIAL GROUP INC 126,487 41,008
HALLIBURTON CO 205,598 178,943
HALOZYME THERAPEUTICS INC 155,225 136,826
HARTFORD DVDND & GRWTH-F 12,120,128 12,824,425
HASBRO INC 190,784 115,804
HCA HEALTHCARE INC 39,956 44,662
HEALTH CATALYST INC 961 389
HENRY SCHEIN INC 252,198 244,543
HERSHEY CO 1,049,092 1,055,129
HOME DEPOT INC 429,367 477,199
HONEYWELL INTL 1,052,490 1,077,257
HORMEL FOODS CORP 1,030,924 1,056,436
HP INC 65,342 51,604
HUBSPOT INC 108,617 139,330
HUNTINGTON BANCSHARES INC 20,915 19,830
ICON PLC 26,503 30,855
IDEXX LABORATORIES INC 272,120 312,493
ILLUMINA INC 66,264 27,709
INCYTE CORP 12,131 9,419
INSULET CORP 76,826 64,443
INTEGRA LIFESCIENCES HOLDING 134,136 94,242
INTERACTIVE BROKERS GRO-CL A 420,869 402,314
INTL BUSINESS MACHINES CORP 110,775 143,270
INTUIT INC 192,782 240,637
INTUITIVE SURGICAL INC 349,139 358,276
INVITAE CORP 639 64
IRIDIUM COMMUNICATIONS INC 98,369 101,171
ISHARES CORE MSCI EAFE ETF 16,659,029 17,088,085
ISHARES CORE MSCI EMERGING 2,466,685 2,487,170
ISHARES CORE S&P MIDCAP ETF 2,435,906 2,683,089
ISHARES CORE U.S. AGGREGATE 19,301,730 19,495,777
ISHARES MSCI EAFE SMALL-CAP 2,350,885 2,405,805
ISHARES RUSSELL 2000 ETF 17,683,226 19,469,271
ISHARES RUSSELL 2000 VALUE E 197,094 194,163
ISHARES RUSSELL MID-CAP ETF 18,395,618 19,467,945
ISHARES RUSSELL MID-CAP GROW 1,381,982 1,576,301
ISHARES RUSSELL MID-CAP VALU 2,581,339 2,895,272
JABIL INC 70,296 71,089
JACK HENRY & ASSOCIATES INC 504,177 513,271
JAZZ PHARMACEUTICALS PLC 105,917 78,966
JPMORGAN BETABUILDERS CANADA 3,154,235 3,351,552
JPMORGAN BETABUILDERS DEVELO 1,970,915 2,041,743
JPMORGAN BETABUILDERS EUROPE ETF 1,279,889 1,318,207
JPMORGAN BETABUILDERS JAPAN ETF 5,308,174 5,357,040
JPMORGAN CHASE & CO 22,799,059 27,770,016
JPMORGAN US QUALITY FACTOR 4,436,176 4,802,464
JPMORGAN US VALUE FACTOR ETF 4,534,682 4,863,626
KEURIG DR PEPPER INC 1,399 84,566
KINDER MORGAN INC 194,950 176,400
KRAFT HEINZ CO 232,893 204,315
KYNDRYL HOLDINGS INC 2,172 3,637
LAM RESEARCH CORP 583,572 720,599
LAS VEGAS SANDS CORP 151,807 204,222
LATTICE SEMICONDUCTOR CORP 7,039 9,797
LCI INDUSTRIES 131,854 149,972
LEIDOS HOLDINGS INC 248,613 302,206
LENNOX INTERNATIONAL INC 570,334 704,396
LINDE INC/CT 1,041,596 1,046,847
LIVENT CORP 15,160 10,914
LIVEPERSON INC 9,197 1,421
LOCKHEED MARTIN CORP 1,289,721 1,320,497
LOWE'S COS INC 566,228 584,861
LPL FINANCIAL HOLDINGS INC 576,754 574,968
MARATHON PETROLEUM CORPORATION 419,525 514,512
MARRIOTT INTERNATIONAL -CL A 424,898 2,438,665
MARRIOTT VACATIONS WORLD 23,744 76,146
MASONITE INTERNATIONAL CORP 61,542 68,913
MASTERCARD INC - A 939,776 1,027,463
MCDONALD'S CORP 459,139 1,723,909
MCKESSON CORP 160,039 166,210
MEDTRONIC PLC 10,081 7,661
MERCADOLIBRE INC 175,842 213,729
META PLATFORMS INC 1,045,964 1,078,565
META PLATFORMS INC-CLASS A 1,468,288 1,740,067
MICROSOFT CORP 6,138,136 7,119,941
MID-AMERICA APARTMENTS 525,141 538,984
MODEL N INC 5,226 5,224
MODERNA INC 122,443 82,742
MONDELEZ INTERNATIONAL INC-A 390,499 396,337
MONGODB INC 50,543 58,057
MONOLITHIC POWER SYSTEMS INC 12,969 19,554
MONRO INC 72,080 46,211
MONSTER BEVERAGE CORP 44,051 50,178
MORGAN STANLEY 1,632,933 1,659,037
MOTOROLA SOLUTIONS INC 69,434 93,927
MRC GLOBAL INC 1,883 1,685
MSCI INC 185,897 217,775
NATIONAL VISION HOLDINGS INC 68,637 33,969
NETFLIX INC 847,603 966,457
NEWMONT CORP 10,719 5,174
NIKE INC 1,055,522 1,074,359
NIKE INC-CLASS B 116,564 95,976
NISOURCE INC 440,976 424,641
NLIGHT INC 1,255 1,134
NORDSON CORP 619,569 686,024
NOV INC 88,057 102,049
NOVARTIS AG-SPONSORED ADR 22,023 25,444
NOW INC 10,474 14,150
NUTRIEN LTD 162,238 79,763
NVIDIA CORP 1,583,594 1,770,412
OCEANEERING INTL INC 21,707 29,792
OLINK HOLDING AB - ADR 12,712 21,151
OMNICELL INC 157,025 49,897
ON SEMICONDUCTOR 40,291 43,686
ORACLE CORP 656,326 585,137
ORGANON & CO 2,937 4,254
OSI SYSTEMS INC 2,648 4,259
OTIS WORLDWIDE CORP 120,396 145,389
PAGERDUTY INC 19,910 14,399
PALO ALTO NETWORKS INC 99,083 100,849
PAYCOM SOFTWARE INC 246,118 340,261
PENUMBRA INC 44,996 58,106
PEPSICO INC 2,110,910 2,091,578
PETIQ INC 55,775 49,375
PFIZER INC 442,032 316,373
PHILIP MORRIS INTL INC 1,039,920 1,061,218
PHILLIPS 66 721,264 738,490
PIMCO LOW DURATION-A 1,285,581 1,173,403
PIMCO SHORT-TERM FUND-A 1,243,699 1,224,918
PIPER SANDLER COMPANIES COM 116,117 176,269
PJT PARTNERS INC - A 4,183 6,825
PLAINS ALL AMER PIPELINE LP 166,615 224,675
POOL CORP 713,226 769,510
PROCTER & GAMBLE CO/THE 2,010,962 2,017,876
PROGYNY INC 37,131 33,090
PROLOGIS LP 1,053,355 1,083,976
QUALYS INC 4,171 5,692
QUANTA SERVICES INC 71,639 76,825
QUANTERIX CORP 12,210 13,342
QUEST DIAGNOSTICS INC 396,535 393,647
RBC BEARINGS INC 4,306 6,837
REDFIN CORP 9,716 7,059
REGENERON PHARMACEUTICALS 255,038 271,392
REGIONS FINANCIAL CORP 406,081 426,534
REPUBLIC SERVICES INC 296,415 333,778
RESIDEO TECHNOLOGIES INC 31,017 24,071
RINGCENTRAL INC-CLASS A 14,671 4,787
RLTY INCOME CORP 1,053,757 1,060,838
ROLLINS INC 464,612 520,590
RXO INC 1,679 1,838
SAIA INC 422,529 470,648
SALESFORCE INC 1,233,973 1,294,538
SANDOZ GROUP AG-ADR 1,215 1,601
SAREPTA THERAPEUTICS INC 11,336 13,597
SCOTTS MIRACLE-GRO CO 297,440 320,918
SEALED AIR CORP 382,009 338,358
SEMRUSH HOLDINGS INC-A 29,887 37,524
SERVICENOW INC 110,934 118,690
SHERWIN-WILLIAMS CO/THE 3,981 4,990
SHIFT4 PAYMENTS INC-CLASS A 59,870 74,117
SHOALS TECHNOLOGIES GROUP -A 1,920 2,362
SHOPIFY INC - CLASS A 144,550 200,203
SILK ROAD MEDICAL INC 12,535 3,607
SITEONE LANDSCAPE SUPPLY INC 431,023 429,163
SIX CIRCLE MGD EQ INTL UNCON 22,606,352 23,263,123
SIX CIRCLE MGD EQ US UNCON 46,065,960 49,463,360
SMARTSHEET INC-CLASS A 2,194 2,056
SNAP-ON INC 437,785 462,144
SPDR S&P PHARMACEUTICALS ETF 199,912 196,571
SPIRIT AEROSYSTEMS HOLD-CL A 285,633 197,100
SPIRIT AIRLINES INC 125,150 81,950
SPLUNK INC 30,528 34,431
SPOTIFY TECHNOLOGY SA 41,799 49,420
SPROUT SOCIAL INC - CLASS A 35,685 31,334
ST STR CORP 547,369 600,890
STANLEY BLACK & DECKER INC 31,928 22,465
STARBUCKS CORP 67,654 69,031
STRYKER CORP 15,350 17,668
SURGERY PARTNERS INC 64,828 37,844
SYNOPSYS INC 171,283 184,338
SYNOVUS FINANCIAL CORP 283,820 268,896
SYSCO CORP 18,784 16,015
T ROWE PRICE GROUP INC 315,764 300,240
TAPESTRY INC 196,571 213,351
TARGET CORP 316,809 343,802
TE CONNECTIVITY LTD 56,281 64,911
TELADOC HEALTH INC 471,825 161,625
TELEDYNE TECHNOLOGIES INC 562,487 640,426
TERADATA CORP 170,925 163,163
TERADYNE INC 521,152 541,840
TESLA INC 5,669,700 3,027,977
TEVA PHARMACEUTICAL-SP ADR 23,181 23,855
THE CIGNA GROUP 1,818 2,096
THERMO FISHER SCIENTIFIC INC 1,540,937 1,549,111
THOR INDUSTRIES INC 401,715 455,381
TJX COMPANIES INC 38,446 57,599
T-MOBILE US INC 134,342 163,857
TORONTO-DOMINION BK 1,054,826 1,071,416
TRADE DESK INC/THE -CLASS A 100,899 91,389
TRANE TECHNOLOGIES PLC 149,300 189,266
TRANSDIGM GROUP INC 160,104 188,158
TREX COMPANY INC 19,886 26,741
TRUIST FINANCIAL CORP 78,675,852 55,130,864
UBER TECHNOLOGIES INC 260,020 378,656
ULTA BEAUTY INC 148,779 175,416
ULTRAGENYX PHARMACEUTICAL IN 1,710 1,004
UNION PACIFIC CORP 1,505,553 1,605,445
UNITEDHEALTH GROUP INC 2,212,035 2,322,672
US DOLLAR JPM DEPOSIT SWEEP 348,657 348,657
UTD PARCEL SVC 1,043,851 1,055,029
VALVOLINE INC 87,394 106,614
VANGUARD INST INDEX-INST 93,496,042 99,006,478
VANGUARD INTL GROWTH-ADM 18,023,008 18,106,610
VANGUARD REAL ESTATE ETF 1,516,416 1,649,328
VANGUARD RUSSELL 1000 GR-INS 36,247,273 39,877,119
VANGUARD RUSSELL 2000 ETF 2,171,688 2,373,310
VANGUARD VALUE ETF 12,089,746 12,678,348
VARONIS SYSTEMS INC 21,681 20,104
VERISIGN INC 278,999 254,773
VERIZON COMMUNICATIONS INC 289,880 303,259
VERTEX PHARMACEUTICALS INC 623,201 737,692
VIANT TECHNOLOGY INC-A 778 813
VIATRIS INC 47,877 46,764
VIAVI SOLUTIONS INC 2,491 1,702
VISA INC 1,186,941 1,208,184
VISA INC CL A 674,734 751,891
VOYA LARGE CAP VALUE-A 10,584 9,528
VROOM INC 122 38
WALMART INC 631,937 642,124
WALT DISNEY COMPANY/THE 1,357,675 1,322,484
WARNER BROS DISCOVERY INC 91,817 43,255
WASTE MANAGEMENT INC 303,392 328,111
WATSCO INC 510,901 597,287
WELLS FARGO & CO 1,058,980 1,080,233
WESTERN ALLIANCE BANCORP 121,638 106,843
WEYERHAEUSER CO 95,919 83,691
WINGSTOP INC 116,402 295,067
WIX.COM LTD 1,766 2,460
WORKDAY INC-CLASS A 81,942 96,897
WR BERKLEY CORP 490,739 556,284
WTS OCCIDENTAL PETROLEUM -CW27 18,240 17,830
WW GRAINGER INC 74,686 80,383
XPO INC 2,729 6,920
YEXT INC 1,488 1,455
YUM BRANDS INC 253,821 269,552
YUM CHINA HOLDINGS INC 35,230 35,556
ZEBRA TECHNOLOGIES CORP-CL A 446,477 464,934
ZURN ELKAY WATER SOLUTIONS CORP 460,450 480,265

TY 2023 InvestmentsGovtObligationsSch
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
US Government Securities - End of Year Book Value:

81,520,256
US Government Securities - End of Year Fair Market Value:

82,382,653
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PC TGA CHARLESTON CLUB HOLDINGS AT COST 87,508 21,300
PC TGA RICHMOND HOLDINGS AT COST 304,295 152,800
PEAK CAPITAL PARTNERS, LLC AT COST 743,836 3,219,840

TY 2023 LandEtcSchedule2
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 135,239 0 135,239 135,239


TY 2023 LegalFeesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 9,637 4,818   4,819


TY 2023 OtherAssetsSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PC NC INVESTOR HOLDINGS -2,662,347 -4,271,940 4,120,000
UTILITY DEPOSIT 0 300 300


TY 2023 OtherExpensesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISC. EXPENSES 32,740 0   32,740
OFFICE EXPENSES 4,594 0   4,594
TECH/IT FEES 10,760 0   10,760


TY 2023 OtherIncomeSchedule2
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT INCOME 39,391 -706,373 39,391
LIAB INSURANCE REFUND 161 0 161


TY 2023 OtherIncreasesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Description Amount
FMV TO COST BASIS ADJUSTMENT ON DONATED SECURITIES 50,763,861


Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 OtherNotesLoansRcvblLongSch
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
HINES CLARI PARK LAND HOLDINGS N/A 12,300,000 8,096,316 2021-08 2025-05 THREE PRINCIPAL INSTALLMENTS 210.0000000000 % DEED OF TRUST SELLER FINANCED PROP SALE NOTE 8,096,316

TY 2023 OtherProfessionalFeesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 622,800 417,389   205,411


TY 2023 TaxesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENTS 646,701 0   0
STATE TAX PAYMENTS 30,040 0   0
REAL ESTATE TAX PAYMENTS 1,295 0   1,295