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 04-01-2023 , and ending 03-31-2024
Name of foundation
J R SIMPLOT COMPANY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 27
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOISE, ID83707
A Employer identification number

82-0522113
B Telephone number (see instructions)

(208) 336-2110
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$82,471,383J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 17,543 17,543  
4 Dividends and interest from securities... 1,372,195 1,372,195  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,540,634
b Gross sales price for all assets on line 6a 11,454,626
7 Capital gain net income (from Part IV, line 2)... 1,540,634
8 Net short-term capital gain.........  
9 Income modifications........... 3,500
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).......      
12 Total. Add lines 1 through 11........ 2,930,372 2,930,372 3,500
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
23,341 0   22,170
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
171,172 171,172   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
25,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 219,513 171,172   22,170
25 Contributions, gifts, grants paid....... 3,801,922 2,951,922
26 Total expenses and disbursements. Add lines 24 and 25 4,021,435 171,172   2,974,092
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,091,063
b Net investment income (if negative, enter -0-) 2,759,200
c Adjusted net income (if negative, enter -0-)... 3,500
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............. 1,148,448 102,856 102,856
2 Savings and temporary cash investments......... 921,540 821,137 821,137
3 Accounts receivable right arrow49,293
Less: allowance for doubtful accounts right arrow   65,648 49,293 49,293
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 59,211,749 Click to see attachment
List of Attached Documents:
// Content
81,498,097 		81,498,097
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,347,385 82,471,383 82,471,383
Liabilities 17 Accounts payable and accrued expenses.......... 550 1,721
18 Grants payable................. 3,326,800 2,067,600
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)......... 3,327,350 2,069,321
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 58,020,035 80,402,062
29 Total net assets or fund balances (see instructions)..... 58,020,035 80,402,062
30 Total liabilities and net assets/fund balances (see instructions). 61,347,385 82,471,383
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
58,020,035
2
Enter amount from Part I, line 27a .....................
2
-1,091,063
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
23,473,090
4
Add lines 1, 2, and 3 ..........................
4
80,402,062
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
80,402,062
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 3M CO (536 SHRS)   2021-02-23 2023-07-31
b INTERNATIONAL BUSINESS MACHINE CORP (781 SHRS)   2021-02-23 2023-07-31
c V F CORPORATION (1164 SHRS)   2021-02-23 2023-07-31
d EATON VANCE GLOBAL MACRO ABSOLUTE RETURN (7661.035 SHRS)   2021-03-02 2023-07-31
e EATON VANCE GLOBAL MACRO ABSOLUTE RETURN (498.753 SHRS)   2022-08-29 2023-07-31
COMMERCE BANCSHARES INC (0.95 SHRS)   2023-12-19 2023-12-19
ABB LTD - ADR (6517 SHRS)     2023-08-18
ALLSTATE CORP (1491 SHRS)     2023-04-12
ANALOG DEVICES INC (153 SHRS)     2023-05-18
AUTOMATIC DATA PROCESSING INC (1626 SHRS)     2023-04-12
BARRICK GOLD CORP COM (9798 SHRS)     2023-04-12
BEST BUY INC (1646 SHRS)     2023-04-12
BHP GROUP LTD (9146 SHRS)     2023-04-12
BROADCOM INC (64 SHRS)     2023-05-18
BROADRIDGE FINANCIAL SOLUTIONS (111 SHRS)     2023-05-18
CANADIAN NAT RES LTD (510 SHRS)     2024-03-05
CANON INC - ADR (5258 SHRS)     2023-04-12
CATERPILLAR INC (115 SHRS)     2024-03-05
CHUBB LIMITED (1631 SHRS)     2023-04-12
CINCINNATI FINANCIAL CORP (970 SHRS)     2023-04-13
COCA-COLA EUROPACIFIC PARTNERS PLC (169 SHRS)     2023-05-18
COGNIZANT TECH SOLUTIONS CRP COM (196 SHRS)     2023-05-18
CRH PLC (266 SHRS)     2024-03-05
DIAGEO PLC - ADR (1426 SHRS)     2023-04-12
EATON CORP PLC (1635 SHRS)     2023-04-12
EBAY INC (302 SHRS)     2024-03-05
EOG RESOURCES, INC (107 SHRS)     2024-03-05
FOMENTO ECONOMICO MEXICANO S.A.B. DE (141 SHRS)     2023-05-18
GARMIN LTD (1247 SHRS)     2023-04-12
GENERAL MILLS INC (223 SHRS)     2023-05-18
GILEAD SCIENCES INC (303 SHRS)     2023-04-12
HOME DEPOT INC (124 SHRS)     2024-03-05
HONDA MOTOR CO., LTD. - ADR (976 SHRS)     2023-05-18
ILLINOIS TOOL WORKS INC (1481 SHRS)     2023-04-12
INTEL CORP (13021 SHRS)     2023-04-12
JOHNSON CONTROLS INTERNATIONAL PLC (3884 SHRS)     2023-04-12
JPMORGAN CHASE & CO (631 SHRS)     2024-03-05
KONINKLIJKE PHILIPS N.V. (5431 SHRS)     2023-04-12
KROGER CO (3670 SHRS)     2023-04-12
LYONDELLBASELL INDUSTRIES NV (1186 SHRS)     2023-04-12
MARATHON PETROLEUM CORP (256 SHRS)     2023-08-18
MCDONALDS CORP (1626 SHRS)     2023-04-12
MICROCHIP TECHNOLOGY INC COM (174 SHRS)     2023-05-18
MONDELEZ INTERNATIONAL INC (5542 SHRS)     2023-04-12
MOTOROLA SOLUTIONS, INC. (844 SHRS)     2023-04-12
NETAPP INC (413 SHRS)     2024-03-05
NEWMONT CORPORATION (3715 SHRS)     2023-04-12
NORFOLK SOUTHERN CORP (91 SHRS)     2023-05-18
NORTHROP GRUMMAN CORP (582 SHRS)     2023-04-12
NUCOR CORP (1165 SHRS)     2023-04-12
NXP SEMICONDUCTORS NV (74 SHRS)     2024-03-05
PARKER HANNIFIN CORP (457 SHRS)     2023-04-12
PETROLEO BRASILEIRO S.A. - ADR (25691 SHRS)     2023-04-12
PIONEER NAT RES CO COM (763 SHRS)     2023-04-12
POSCO HOLDINGS INC SPONSORED (2134 SHRS)     2023-04-12
PROCTER & GAMBLE CO (5769 SHRS)     2023-04-12
QUALCOMM INC (213 SHRS)     2024-03-05
REPUBLIC SERVICES INC CL A COMM (1508 SHRS)     2023-04-12
ROSS STORES INC (1504 SHRS)     2023-04-12
SANDOZ GROUP AG SPONSORED (0.2 SHRS)     2023-10-24
SAP SE (3230 SHRS)     2023-04-12
TARGET CORP (1199 SHRS)     2023-04-12
TELEFONAKTIEBOLAGET LM ERICSSON (12988 SHRS)     2023-04-12
TEXAS INSTRUMENTS INC (139 SHRS)     2024-03-05
TJX COMPANIES INC (3921 SHRS)     2023-04-12
TRANE TECHNOLOGIES PUBLIC (858 SHRS)     2023-04-12
TRAVELERS COMPANIES, INC (87 SHRS)     2023-05-18
WALGREENS BOOTS ALLIANCE INC (3656 SHRS)     2023-04-12
WALMART INC (7162 SHRS)     2023-04-12
WASTE MANAGEMENT INC (1925 SHRS)     2023-04-12
(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 59,654   94,429 -34,775
b 112,458   90,501 21,957
c 23,181   94,680 -71,499
d 63,510   64,645 -1,135
e 4,135   3,978 157
52     52
246,502   215,396 31,106
172,660   148,381 24,279
28,198   13,889 14,309
347,848   253,672 94,176
189,782   195,931 -6,149
123,423   104,120 19,303
546,883   524,425 22,458
41,349   39,908 1,441
16,978   17,156 -178
36,764   31,833 4,931
114,969   125,891 -10,922
38,625   17,822 20,803
319,450   229,707 89,743
107,860   101,029 6,831
11,249   9,883 1,366
12,215   11,899 316
22,242   8,484 13,758
262,654   298,138 -35,484
256,018   145,503 110,515
14,510   16,411 -1,901
12,430   12,687 -257
14,346   13,197 1,149
121,781   160,827 -39,046
20,157   13,742 6,415
25,100   20,175 4,925
47,602   14,846 32,756
27,259   28,308 -1,049
337,641   237,619 100,022
420,925   565,448 -144,523
217,671   153,587 64,084
116,907   43,456 73,451
99,743   283,526 -183,783
178,384   124,275 54,109
112,379   113,525 -1,146
36,379   21,656 14,723
459,657   412,933 46,724
13,033   11,666 1,367
388,514   241,549 146,965
238,560   159,261 79,299
37,513   30,124 7,389
189,320   226,801 -37,481
19,407   23,306 -3,899
275,770   188,909 86,861
171,832   91,541 80,291
19,065   12,588 6,477
143,960   125,556 18,404
246,837   226,681 20,156
170,895   181,606 -10,711
157,853   145,954 11,899
865,985   779,275 86,710
34,725   14,680 20,045
203,558   150,268 53,290
160,176   140,818 19,358
6   5 1
408,234   350,557 57,677
199,409   258,917 -59,508
75,132   120,282 -45,150
23,818   24,565 -747
305,933   239,643 66,290
145,908   131,319 14,589
15,853   12,069 3,784
130,996   161,810 -30,814
1,077,544   623,640 453,904
313,260   163,084 150,176
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       -34,775
b       21,957
c       -71,499
d       -1,135
e       157
      52
      31,106
      24,279
      14,309
      94,176
      -6,149
      19,303
      22,458
      1,441
      -178
      4,931
      -10,922
      20,803
      89,743
      6,831
      1,366
      316
      13,758
      -35,484
      110,515
      -1,901
      -257
      1,149
      -39,046
      6,415
      4,925
      32,756
      -1,049
      100,022
      -144,523
      64,084
      73,451
      -183,783
      54,109
      -1,146
      14,723
      46,724
      1,367
      146,965
      79,299
      7,389
      -37,481
      -3,899
      86,861
      80,291
      6,477
      18,404
      20,156
      -10,711
      11,899
      86,710
      20,045
      53,290
      19,358
      1
      57,677
      -59,508
      -45,150
      -747
      66,290
      14,589
      3,784
      -30,814
      453,904
      150,176
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 1,540,634
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 38,353
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 38,353
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 38,353
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 54,294
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 54,294
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 15,941
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow15,941 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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
 
No
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 arrowID
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
 
No
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.SIMPLOT.COM/COMPANY/FOUNDATION
14
The books are in care ofright arrowJ R SIMPLOT COMPANY Telephone no.right arrow (208) 336-2110

Located atright arrow1099 W FRONT STBOISEID ZIP+4right arrow83702
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)
 
No
(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
 
 
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
GAY C SIMPLOT DIRECTOR/PRESIDENT
1.00 		0 0 0
1099 W FRONT STREET
BOISE,ID83702
JOHN EDWARD SIMPLOT DIRECTOR/VICE PRESIDENT
1.00 		0 0 0
1099 W FRONT STREET
BOISE,ID83702
JAMES ALDERMAN SECRETARY
1.00 		0 0 0
1099 W FRONT STREET
BOISE,ID83702
BRENT MOYLAN TREASURER
1.00 		0 0 0
1099 W FRONT STREET
BOISE,ID83702
JEREMY HAYNES ASSISTANT TREASURER
1.00 		0 0 0
1099 W FRONT STREET
BOISE,ID83702
SCOTT R SIMPLOT DIRECTOR
1.00 		0 0 0
1099 W FRONT STREET
BOISE,ID83702
JOHN D SIMPLOT DIRECTOR
1.00 		0 0 0
1099 W FRONT STREET
BOISE,ID83702
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
NONE
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  
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  
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
64,531,683
b
Average of monthly cash balances.......................
1b
944,017
c
Fair market value of all other assets (see instructions)................
1c
69,132
d
Total (add lines 1a, b, and c).........................
1d
65,544,832
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
65,544,832
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
983,172
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
64,561,660
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,228,083
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
3,228,083
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
38,353
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
38,353
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,189,730
4
Recoveries of amounts treated as qualifying distributions................
4
3,500
5
Add lines 3 and 4............................
5
3,193,230
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
3,193,230
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
2,974,092
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
2,974,092
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 3,193,230
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,557,360
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......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,974,092
a Applied to 2022, but not more than line 2a 2,557,360
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..... 416,732
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(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 .......... 		2,776,498
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

BOISE STATE UNIVERSITY

1910 UNIVERSITY DR
BOISE,ID83725 		  PC EDUCATION 100,000

COLLEGE OF EASTERN IDAHO FOUNDATION

1600 S 25TH E
IDAHO FALLS,ID83404 		  PC EDUCATION 340,000

COLLEGE OF IDAHO

2112 CLEVELAND BLVD
CALDWELL,ID83605 		  PC EDUCATION 250,000

COMMUNITY HEALTH CLINICS HOMEDALE

211 16TH AVENUE NORTH
NAMPA,ID83653 		  PC DONATION 20,000

FAMILY SERVICES ALLIANCE OF SOUTH IDAHO

355 S ARTHUR AVE
POCATELLO,ID83204 		  PC DONATION 1,000

GIRAFFE LAUGH EARLY LEARNING

4094 W CHINDEN BLVD STE 100
GARDEN CITY,ID83714 		  PC DONATION 1,500

HUGH O'BRIAN YOUTH LEADERSHIP

6299 N EAGLE RD 1048
BOISE,ID83713 		  PC DONATION 1,000

IDAHO NONPROFIT CENTER

5257 W FAIRVIEW AVE STE 260
BOISE,ID83706 		  PC DONATION 12,500

IDAHO ZOOLOGICAL SOCIETY

355 JULIA DAVIS DR
BOISE,ID83702 		  PC DONATION 200,000

NORTH DAKOTA STATE UNIVERSITY

PO BOX 5144
FARGO,ND58105 		  PC EDUCATION 50,000

HOME PARTNERSHIP FOUNDATION

PO BOX 7899
BOISE,ID83707 		  PC DONATION 50,000

IDAHO STATE UNIVERSITY

921 S 8TH AVE STOP 8020
POCATELLO,ID83209 		  PC EDUCATION 5,000

IDAHO YOUTH RANCH

5465 W IRVING ST
BOISE,ID83706 		  PC DONATION 340,000

MOSES LAKE FOOD BANK

PO BOX 683
MOSES LAKE,WA98837 		  PC DONATION 7,500

NATIONAL LAW ENFORCEMENT FOUNDATION

3521 SILVERADO DR
CARSON CITY,NV89705 		  PC DONATION 200,000

ST LUKES HEALTH FOUNDATION

190 E BANNOCK ST
BOISE,ID83721 		  PC EDUCATION 5,000

TREASURE VALLEY FAMILY YMCA

1177 W STATE ST
BOISE,ID83702 		  PC DONATION 340,000

UNITED WAY OF TREASURE VALLEY

1276 RIVER STREET STE 100
BOISE,ID83707 		  PC DONATION 440,222

UNIVERSITY OF IDAHO FOUNDATION

P O BOX 443143
MOSCOW,ID83844 		  PC EDUCATION 450,000

UNIVERSITY OF MANITOBA FOUNDATION

330 N WABASH AVE FL 22
CHICAGO,IL60611 		  PC EDUCATION 39,200

ARKANSAS STATE UNIVERSITY

PO BOX 1620
STATE UNIVERSITY,AR72467 		  PC EDUCATION 1,000

BENEDICTINE COLLEGE

1020 N 2ND STREET
ATCHISON,KS66002 		  PC EDUCATION 1,000

BOISE STATE UNIVERSITY

1910 UNIVERSITY DR
BOISE,ID83725 		  PC EDUCATION 8,000

BRIGHAM YOUNG UNIVERSITY

FINANCIAL AID
PROVO,UT84602 		  PC EDUCATION 4,000

BRIGHAM YOUNG UNIVERSITY OF ID

FINANCIAL AID OFFICE
REXBURG,ID83460 		  PC EDUCATION 2,000

CALIFORNIA STATE UNIVERSITY FRESNO

5150 NORTH MAPLE AVENUE
FRESNO,CA93740 		  PC EDUCATION 1,000

CALIFORNIA STATE UNIVERSITY LONG BEACH

1250 BELLFLOWER BLVD
LONG BEACH,CA90840 		  PC EDUCATION 1,000

CALIFORNIA STATE UNIVERSITY SACRAMENTO

6000 J STREET
SACRAMENTO,CA95819 		  PC EDUCATION 1,000

CARROLL COLLEGE

ATTN FINANCIAL AID OFFICE
HELENA,MT59625 		  PC EDUCATION 1,000

COLLEGE OF IDAHO

2112 CLEVELAND BLVD
CALDWELL,ID83605 		  PC EDUCATION 1,000

COLLEGE OF SOUTHERN NEVADA

3200 EAST CHEYENNE AVENUE
NORTH LAS VEGAS,NV89030 		  PC EDUCATION 1,000

COLLEGE OF WESTERN IDAHO (CWI)

ATTN FINANCIAL AID OFFICE
NAMPA,ID83653 		  PC EDUCATION 1,000

COLORADO SCHOOL OF MINES

1301 19TH STREET
GOLDEN,CO80401 		  PC EDUCATION 1,000

COLORADO STATE UNIVERSITY

ATTN FINANCIAL AID
FORT COLLLINS,CO80523 		  PC EDUCATION 1,000

DUKE UNIVERSITY

PO BOX 90898
DURHAM,NC27708 		  PC EDUCATION 1,000

EASTERN WASHINGTON UNIVERSITY

333 EAGLE LANE
CHENEY,WA99004 		  PC EDUCATION 1,000

FRANCISCAN UNIVERSITY OF STEUBENVILLE

1235 UNIVERSITY BLVD
STEUBENVILLE,OH43952 		  PC EDUCATION 1,000

FREE LUTHERAN BIBLE COLLEGE

3134 E MEDICINE LAKE BLVD
PLYMOUTH,MN554413008 		  PC EDUCATION 1,000

GONZAGA UNIVERSITY

502 EAST BOONE AVENUE
SPOKANE,WA99258 		  PC EDUCATION 1,000

GREENVILLE UNIVERSITY

315 E COLLEGE AVENUE
GREENVILLE,IL62246 		  PC EDUCATION 1,000

HENDRIX COLLEGE

1600 WASHINGTON AVE
CONWAY,AR72032 		  PC EDUCATION 1,000

IDAHO STATE UNIVERSITY

ATTN FINANCIAL AID OFFICE
POCATELLO,ID83209 		  PC EDUCATION 3,000

KANSAS STATE UNIVERSITY

PO BOX 1620
STATE UNIVERSITY,AR72467 		  PC EDUCATION 1,000

KEISER UNIVERSITY

1800 BUSINESS PARK BLVD
DAYTONA BEACH,FL32114 		  PC EDUCATION 1,000

LAKE REGION STATE COLLEGE

ATTN FINANCIAL AID/SCHOLARSHIPS
DEVILS LAKE,ND58301 		  PC EDUCATION 1,000

LARAMIE COUNTY COMMUNITY COLLEGE

1400 E COLLEGE DRIVE
CHEYENNE,WY82007 		  PC EDUCATION 1,000

LOUISIANA TECH UNIVERSITY

PO BOX 7925
RUSTON,LA71272 		  PC EDUCATION 1,000

LUTHER COLLEGE

MAIN 27
DECORAH,IA52101 		  PC EDUCATION 1,000

MARQUETTE UNIVERSITY

PO BOX 1881
MILWAUKEE,WI53201 		  PC EDUCATION 1,000

MARS HILL UNIVERSITY

100 ATHLETIC STREET
MARS HILL,NC28754 		  PC EDUCATION 1,000

MISSISSIPPI STATE UNIVERSITY

PO BOX 9811
MISSISSIPPI,MS39762 		  PC EDUCATION 2,000

NEW MEXICO STATE UNIVERSITY

ATTN FINANCIAL AID SCHOLARSHIPS
SRVCS
LAS CRUCES,NM88003 		  PC EDUCATION 1,000

NORTH CAROLINA STATE UNIVERSITY

ATTN OFFICE OF SCHOLARSHIPS FNNCL
AID
RALEIGH,NC27695 		  PC EDUCATION 1,000

ROOSEVELT UNIVERSITY

ATTN FINANCIAL AID/SCHOLARSHIPS
CHICAGO,IL60605 		  PC EDUCATION 1,000

SOUTH DAKOTA SCHOOL OF MINES &

ATTN FINANCIAL AID OFFICE - SD
MINES
RAPID CITY,SD57701 		  PC EDUCATION 1,000

SOUTH DAKOTA STATE UNIVERSITY

ATTN OFFICE OF FINANCIAL AID
BROOKINGS,SD57007 		  PC EDUCATION 2,000

SOUTHERN METHODIST UNIVERSITY

LAURA LEE BLANTON BUILDING
DALLAS,TX752750181 		  PC EDUCATION 1,000

TEXAS A&M COMMERCE

220 CAMPBELL STREET
COMMERCE,TX75428 		  PC EDUCATION 1,000

UNIVERSITY OF CALIFORNIA SAN DIEGO

9500 GILMAN DRIVE MAIL CODE 0013
LA JOLLA,CA920930013 		  PC EDUCATION 2,000

UNIVERSITY OF IDAHO

FINANCIAL AID
MOSCOW,ID83844 		  PC EDUCATION 6,000

UNIVERSITY OF ILLINOIS URBANA

207 ADMINISTRATION BLDG
URBANA,IL61801 		  PC EDUCATION 1,000

UNIVERSITY OF LETHBRIDGE

FINANCIAL SERVICES
LETHBRIDGE,ABT1K M4
CA 		  PC EDUCATION 1,000

UNIVERSITY OF MISSISSIPPI

257 MARTINDALE-COLE STUDENT
SERVICES CENTER
UNIVERSITY,MS38677 		  PC EDUCATION 1,000

UNIVERSITY OF NORTH DAKOTA

STUDENT FINANCIAL AID
GRAND FORKS,ND58202 		  PC EDUCATION 1,000

UNIVERSITY OF NORTHERN COLORADO

501 20TH STREET
GREELEY,CO80639 		  PC EDUCATION 1,000

UNIVERSITY OF OKLAHOMA

1000 ASP AVENUE
NORMAN,OK73019 		  PC EDUCATION 1,000

UNIVERSITY OF SAN DIEGO

5998 ALCALA PARK
SAN DIEGO,CA92110 		  PC EDUCATION 1,000

UNIVERSITY OF UTAH

201 S 1460 E RM 105
SALT LAKE CITY,UT84108 		  PC EDUCATION 4,000

UNIVERSITY OF VERMONT

ATTN STUDENT FINANCIAL SERVICES
BURLINGTON,VT05401 		  PC EDUCATION 1,000

UNIVERSITY OF WASHINGTON SCHOOL OF MED

322 E FRONT ST STE 590
BOISE,ID83702 		  PC EDUCATION 1,000

UNIVERSITY OF WISCONSIN EAU CL

ATTN FINANCIAL AID/SCHOLARSHIPS
EAU CLAIRE,WI54701 		  PC EDUCATION 1,000

UNIVERSITY OF WYOMING

FINANCIAL AID
LARAMIE,WY82071 		  PC EDUCATION 3,000

UTAH STATE UNIVERSITY

FINANCIAL AID OFFICE
LOGAN,UT84322 		  PC EDUCATION 6,000

WASHINGTON STATE UNIVERSITY

ATTN FINANCIAL AID
PULLMAN,WA99164 		  PC EDUCATION 2,000

WEST TEXAS A&M UNIVERSITY

OLD MAIN ROOM 108
CANYON,TX79016 		  PC EDUCATION 1,000

WESTERN WASHINGTON UNIVERSITY

FINANCIAL AID
BELLINGHAM,WA98225 		  PC EDUCATION 1,000

PEPPERDINE UNIVERSITY

24255 PACIFIC COAST HIGHWAY
MALIBU,CA90263 		  PC EDUCATION 1,000

SEATTLE PACIFIC UNIVERSITY

3307 THIRD AVENUE WEST
SEATTLE,WA98119 		  PC EDUCATION 1,000

TEXAS A&M UNIVERSITY

PO BOX 30016
COLLEGE STATION,TX77842 		  PC EDUCATION 1,000

UNIVERSITY OF MINNESOTA DULUTH

1117 UNIVERSITY DRIVE
DULUTH,MN55812 		  PC EDUCATION 1,000

UNIVERSITY OF MONTANA WESTERN

710 S ATLANTIC STREET
DILLON,MT59725 		  PC EDUCATION 1,000

UNIVERSITY OF SOUTH DAKOTA

414 E CLARK STREET
VERMILLION,SD57069 		  PC EDUCATION 1,000

UNIVERSITY OF ST THOMAS

2115 SUMMIT AVENUE
ST PAUL,MN55105 		  PC EDUCATION 1,000

UTAH VALLEY UNIVERSITY

800 WEST UNIVERSITY PARKWAY
OREM,UT84058 		  PC EDUCATION 1,000

WESTERN WYOMING COMMUNITY COLLEGE

2500 COLLEGE DRIVE
ROCK SPRINGS,WY82901 		  PC EDUCATION 1,000

WESTERN KENTUCKY UNIVERSITY

1906 COLLEGE HEIGHTS BLVD 11018
BOWLING GREEN,KY42101 		  PC EDUCATION 1,000

UCLA UC REGENTS

BOX 957089 1125 MURPHY HALL
LOS ANGELES,CA90095 		  PC EDUCATION 1,000
Total .................................right arrow 3a 2,951,922
bApproved for future payment

IDAHO ZOOLOGICAL SOCIETY
355 JULIA DAVIS DR
BOISE,ID83702 		  PC DONATION 800,000

NORTH DAKOTA STATE UNIVERSITY
PO BOX 5144
FAGO,ND58105 		  PC EDUCATION 50,000
Total ................................. right arrow 3b 850,000
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 17,543  
4 Dividends and interest from securities ....     14 1,372,195  
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 ............ 		    18 1,540,634  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,930,372 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,930,372
(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

TY 2023 AccountingFeesSchedule
Name:
J R SIMPLOT COMPANY FOUNDATION INC
EIN:
82-0522113
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 23,341 0   22,170

TY 2023 InvestmentsCorpStockSchedule
Name:
J R SIMPLOT COMPANY FOUNDATION INC
EIN:
82-0522113
Name of Stock End of Year Book Value End of Year Fair Market Value
MICRON TECHNOLOGY 35,367,000 35,367,000
ISHARES MSCI EAFE INDEX 177,050 177,050
ISHARES TR RUSSELL 2000 INDEX 263,085 263,085
ISHARES TR RUSSELL MIDCAP IND 430,541 430,541
ISHARES TR S&P INDEX 1,155,029 1,155,029
WELLS FARGO WELLSTRADE 9,015,025 9,015,025
PRINCIPAL 34,717,999 34,717,999
ISHARES CORE US AGGREGATE BOND AGG 372,368 372,368

TY 2023 OtherIncreasesSchedule
Name:
J R SIMPLOT COMPANY FOUNDATION INC
EIN:
82-0522113
Description Amount
UNREALIZED LOSS ON INVESTMENTS 21,360,390
PRIOR YEAR ACCRUED CONTRIBUTIONS PAID IN CURRENT YEAR 2,109,200
PRIOR YEAR CONTRIBUTION REFUNDED 3,500


TY 2023 OtherProfessionalFeesSchedule
Name:
J R SIMPLOT COMPANY FOUNDATION INC
EIN:
82-0522113
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 171,172 171,172   0


TY 2023 TaxesSchedule
Name:
J R SIMPLOT COMPANY FOUNDATION INC
EIN:
82-0522113
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ESTIMATED TAXES 25,000 0   0