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 ASHTON FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3200 WEST CLUBHOUSE DRIVE STE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEHI, UT84043
A Employer identification number

87-0480108
B Telephone number (see instructions)

(801) 443-2305
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$673,987J 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) 166,513
2 Check right arrow.............
3 Interest on savings and temporary cash investments 209 209  
4 Dividends and interest from securities... 17,385 17,214  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
217,177
b Gross sales price for all assets on line 6a 1,581,745
7 Capital gain net income (from Part IV, line 2)... 233
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
1 1  
12 Total. Add lines 1 through 11........ 401,285 17,657  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 97,000      
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
4,984 4,984    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
282 181    
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
5,203 5,203    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 107,469 10,368   0
25 Contributions, gifts, grants paid....... 216,000 216,000
26 Total expenses and disbursements. Add lines 24 and 25 323,469 10,368   216,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 77,816
b Net investment income (if negative, enter -0-) 7,289
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.............      
2 Savings and temporary cash investments......... 43,535 22,094 22,094
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 4,802 4,701 4,701
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 474,392 Click to see attachment
List of Attached Documents:
// Content
573,712 		647,154
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)   Click to see attachment
List of Attached Documents:
// Content
38 		Click to see attachment
List of Attached Documents:
// Content
38
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 522,729 600,545 673,987
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
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 522,729 600,545
29 Total net assets or fund balances (see instructions)..... 522,729 600,545
30 Total liabilities and net assets/fund balances (see instructions). 522,729 600,545
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
522,729
2
Enter amount from Part I, line 27a .....................
2
77,816
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
600,545
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
600,545
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.)
1a
b
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
b
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
b
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 2 233
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) 1 101
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  
3 Add lines 1 and 2........................... 3 101
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 101
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 4,802
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,802
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 4,701
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow4,701 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
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 arrowUT
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 arrowN/A
14
The books are in care ofright arrowBEESMARK INVESTMENTS Telephone no.right arrow (801) 443-2305

Located atright arrow3200 WEST CLUBHOUSE DRIVE STE 200LEHIUT ZIP+4right arrow84043
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
 
 
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
ADAM ASHTON TRUSTEE
000.00 		4,000 0 0
641 SOUTH PALISADE DRIVE
OREM,UT84097
ALAN C ASHTON TRUSTEE
000.00 		4,000 0 0
199 NORTH 290 WEST STE 100
LINDON,UT84042
ALLISON NORTON TRUSTEE
000.00 		4,000 0 0
6026 WEST 11400 NORTH
HIGHLAND,UT84003
AMY JO YOUNG TRUSTEE
000.00 		4,000 0 0
2909 NORTH 1230 WEST
PLEASANT GROVE,UT84062
ANNIE ASHTON TRUSTEE
000.00 		4,000 0 0
641 SOUTH PALISADE DRIVE
OREM,UT84097
BRIGHAM ASHTON TRUSTEE
000.00 		5,000 0 0
946 EAST 500 SOUTH
OREM,UT84097
CHAD YOUNG TRUSTEE
000.00 		4,000 0 0
2909 NORTH 1230 WEST
PLEASANT GROVE,UT84062
ELIZA SMITH TRUSTEE
000.00 		4,000 0 0
26870 REGENCY PINES DRIVE
KINGWOOD,TX77339
ELIZABETH ASHTON TRUSTEE
000.00 		5,000 0 0
946 EAST 500 SOUTH
OREM,UT84097
EMILY ANN EDDINGTON TRUSTEE
000.00 		4,000 0 0
737 WEST 2490 NORTH
PLEASANT GROVE,UT84062
ERIN ASHTON TRUSTEE
000.00 		4,000 0 0
742 EAST 600 SOUTH
OREM,UT84097
HEATH WESTFALL TRUSTEE
000.00 		4,000 0 0
515 SOUTH PALISADE DRIVE
PROVO,UT84097
KAREN ASHTON TRUSTEE
000.00 		4,000 0 0
199 NORTH 290 WEST STE 100
LINDON,UT84042
MELISSA ASHTON TRUSTEE
000.00 		4,000 0 0
11707 SUNRISE CIRCLE
HIGHLAND,UT84003
MICHAEL SMITH TRUSTEE
000.00 		3,000 0 0
26870 REGENCY PINES DRIVE
KINGWOOD,TX77339
MORGAN ASHTON TRUSTEE
000.00 		4,000 0 0
6017 WEST BULL RIVER ROAD
HIGHLAND,UT84003
PAUL EDDINGTON TRUSTEE
000.00 		4,000 0 0
737 WEST 2490 NORTH
PLEASANT GROVE,UT84062
REBEKAH WESTFALL TRUSTEE
000.00 		4,000 0 0
515 SOUTH PALISADE DRIVE
PROVO,UT84097
SAMUEL ASHTON TRUSTEE
000.00 		4,000 0 0
11707 SUNRISE CIRCLE
HIIGHLAND,UT84003
SPENCER ASHTON TRUSTEE
000.00 		4,000 0 0
974 E ROSEBROOK CIRCLE
SANDY,UT84070
STEPHANIE ASHTON TRUSTEE
000.00 		4,000 0 0
6017 WEST BULL RIVER ROAD
HIGHLAND,UT84003
STEPHEN ASHTON TRUSTEE
000.00 		4,000 0 0
742 EAST 600 SOUTH
OREM,UT84097
TOBY NORTON TRUSTEE
000.00 		4,000 0 0
6036 WEST 11400 NORTH
HIGHLAND,UT84003
TRACI ASHTON TRUSTEE
000.00 		4,000 0 0
974 E ROSEBROOK CIRCLE
DRAPER,UT84020
DAVE HARKNESS EXECUTIVE DI
000.00 		0 0 0
3200 W CLUBHOUSE DRIVE STE 200
LEHI,UT84043
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  
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 arrow  
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
551,706
b
Average of monthly cash balances.......................
1b
32,815
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
584,521
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
584,521
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,768
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
575,753
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
28,788
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
28,788
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
101
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
101
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
28,687
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
28,687
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
28,687
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
216,000
b
Program-related investments—total from Part VIII-B..................
1b
 
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
216,000
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 28,687
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 987,358
b From 2019...... 1,129,554
c From 2020...... 963,755
d From 2021...... 184,288
e From 2022...... 178,144
f Total of lines 3a through e ........ 3,443,099
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 216,000
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 28,687
e Remaining amount distributed out of corpus 187,313
5 Excess distributions carryover applied to 2023.    
(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 3,630,412
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		987,358
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,643,054
10 Analysis of line 9:
a Excess from 2019.... 1,129,554
b Excess from 2020.... 963,755
c Excess from 2021.... 184,288
d Excess from 2022.... 178,144
e Excess from 2023.... 187,313
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.
NONE
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:
ALAN C ASHTON CO DAVE HARKNESS
3200 WEST CLUBHOUSE DRIVE
LEHI,UT84043
(801) 443-2305
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN REQUEST INCLUDING EXPLANATION OF NEED
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

ABILITY FOUND
ABILITY FOUND
2324 S CONSTITUTION BLVD
2324 S CONSTITUTION BLVD
WEST VALLEY CITY,UT84119 		NOT APPLICABLE PUBLIC UNRESTRICTED 4,000

ASSISTANCE LEAGUE OF SALT LAKE CITY
ASSISTANCE LEAGUE OF SALT LAKE CITY
PO BOX 9353
PO BOX 9353
SALT LAKE CITY,UT84109 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

ASSISTANCE LEAGUE OF SOUTHERN UTAH
ASSISTANCE LEAGUE OF SOUTHERN UTAH
PO BOX 910728
PO BOX 910728
ST GEORGE,UT84791 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

BUILDING YOUTH AROUND THE WORLD
BUILDING YOUTH AROUND THE WORLD
7678 SOUTH 5040 WEST
7678 SOUTH 5040 WEST
WEST JORDAN,UT84081 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

CROSSROADS URBAN CENTER
CROSSROADS URBAN CENTER
347 SOUTH 400 EAST
347 SOUTH 400 EAST
SALT LAKE CITY,UT84111 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

EMPOWER MALI
EMPOWER MALI
10412 N OAK CIRCLE
10412 N OAK CIRCLE
HIGHLAND,UT84003 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

ENCORE PERFORMING ARTS
ENCORE PERFORMING ARTS
107 S 1470 E 303
107 S 1470 E 303
ST GEORGE,UT84790 		NOT APPLICABLE PUBLIC UNRESTRICTED 500

EYE CARE 4 KIDS
EYE CARE 4 KIDS
6911 SOUTH STATE STREET
6911 SOUTH STATE STREET
MIDVALE,UT84047 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

FIGHT THE NEW DRUG
FIGHT THE NEW DRUG
1680 S MAIN STREET
1680 S MAIN STREET
SALT LAKE CITY,UT84115 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

FREE WHEELCHAIR MISSION
FREE WHEELCHAIR MISSION
15279 ALTON PARKWAY 300
15279 ALTON PARKWAY 300
IRVINE,CA92618 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

FRIENDS FOR SIGHT
FRIENDS FOR SIGHT
6715 SOUTH 1300 EAST 250
6715 SOUTH 1300 EAST 250
SALT LAKE CITY,UT84121 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

FRIENDS OF SLC JUSTICE CENTER
FRIENDS OF SLC JUSTICE CENTER
PO BOX 1871
PO BOX 1871
DRAPER,UT84020 		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000

IVU MED
IVU MED
7984 SOUTH 1400 EAST
7984 SOUTH 1400 EAST
SANDY,UT84094 		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000

LYCEUM YTH ORCHESTRA-AMER HERITAGE
LYCEUM YTH ORCHESTRA-AMERICAN HERITAGE
736 N 1100 E
736 N 1100 E
AMERICAN FORK,UT84043 		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000

MOUNTAINLANDS COMMUNITY HEALTH CENT
MOUNTAINLANDS COMMUNITY HEALTH CENTER
589 S STATE STREET
589 S STATE STREET
PROVO,UT84606 		NOT APPLICABLE PUBLIC UNRESTRICTED 7,000

OAKWOOD INTERMEDIATE SCHOOL
OAKWOOD INTERMEDIATE SCHOOL
106 HOLIK ST
106 HOLIK ST
COLLEGE STATION,TX77840 		NOT APPLICABLE PUBLIC UNRESTRICTED 1,000

ODYSSEY HOUSE INC
ODYSSEY HOUSE INC
344 EAST 100 SOUTH 301
344 EAST 100 SOUTH 301
SALT LAKE CITY,UT84111 		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000

ONE COMMON THREAD
ONE COMMON THREAD
21010 SKY RIDGE CT
21010 SKY RIDGE CT
SAN ANTONIO,TX78258 		NOT APPLICABLE PUBLIC UNRESTRICTED' 750

ONE HEART WORLDWIDE
ONE HEART WORLDWIDE
8141 EL EXTENSO CT
8141 EL EXTENSO CT
SAN DIEGO,CA92119 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

OREM HIGH SCHOOL
OREM HIGH SCHOOL
175 SOUTH 400 EAST
175 SOUTH 400 EAST
OREM,UT84058 		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000

PLEASANT GROVE JUNIOR HIGH SCHOOL
PLEASANT GROVE JUNIOR HIGH SCHOOL
810 N 100 E
810 N 100 E
PLEASANT GROVE,UT84062 		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000

PRO-LIFE UTAH
PRO-LIFE UTAH
9676 S SHETTLESTON CIRCL
9676 S SHETTLESTON CIRCL
SOUTH JORDAN,UT84009 		NOT APPLICABLE PUBLIC UNRESTRICTED 8,000

RONALD MCDONALD HOUSE
RONALD MCDONALD HOUSE
935 E SOUTH TEMPLE
935 E SOUTH TEMPLE
SALT LAKE CITY,UT84102 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

SALT LAKE CITY MISSION
SALT LAKE CITY MISSION
1151 S REDWOOD ROAD
1151 S REDWOOD ROAD
SALT LAKE CITY,UT84104 		NOT APPLICABLE PUBLIC UNRESTRICTED 1,000

SHELTER THE HOMELESS COMMITTEE
SHELTER THE HOMELESS COMMITTEE
242 W PARAMOUNT AVENUE
242 W PARAMOUNT AVENUE
SALT LAKE CITY,UT84115 		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000

SOUTH KNOLL ELEMENTARY SCHOOL
SOUTH KNOLL ELEMENTARY SCHOOL
1220 BOSWELL ST
1220 BOSWELL ST
COLLEGE STATION,TX77840 		NOT APPLICABLE PUBLIC UNRESTRICTED 1,000

SCRIPTURE CENTRAL
SCRIPTURE CENTRAL
330 E 400 S
330 E 400 S
SPRINGVILLE,UT84663 		NOT APPLICABLE PUBLIC UNRESTRICTED 10,000

STAND WITH UKRAINE
STAND WITH UKRAINE
2124 AUTUMN LANE
2124 AUTUMN LANE
IDAHO FALLS,ID83404 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

TABITHA'S WAY LOCAL FOOD PANTRY
TABITHA'S WAY LOCAL FOOD PANTRY
PO BOX 254
PO BOX 254
SPANISH FORK,UT84660 		NOT APPLICABLE PUBLIC UNRESTRICTED 18,000

THE RISE & REBUILD FOUNDATION
THE RISE & REBUILD FOUNDATION
3008 EAST FALLENTINE ROAD
3008 EAST FALLENTINE ROAD
SANDY,UT84093 		NOT APPLICABLE PUBLIC UNRESTRICTED 10,000

THE ROAD HOME
THE ROAD HOME
PO BOX 2788
PO BOX 2788
SALT LAKE CITY,UT84110 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

TIMPANOGOS SYMPHONY ORCHESTRA
TIMPANOGOS SYMPHONY ORCHESTRA
PO BOX 1103
PO BOX 1103
AMERICAN FORK,UT84003 		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000

TUACAHN CENTER FOR THE ARTS
TUACAHN CENTER FOR THE ARTS
1100 N TUACAHN DRIVE
1100 N TUACAHN DRIVE
IVINS,UT84738 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

UTAH COUNTY SHERIFF SEARCH & RESCUE
UTAH COUNTY SHERIFF SEARCH & RESCUE
3075 NORTH MAIN STREET
3075 NORTH MAIN STREET
SPANISH FORK,UT84660 		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000

UTAH FOOD BANK
UTAH FOOD BANK
3150 SOUTH 900 WEST
3150 SOUTH 900 WEST
SALT LAKE CITY,UT84119 		NOT APPLICABLE PUBLIC UNRESTRICTED 7,000

UTAH VALLEY UNIVERSITY FOUNDATION
UTAH VALLEY UNIVERSITY FOUNDATION
800 WEST UNIVERISTY PKWY
800 WEST UNIVERSITY PKWY
OREM,UT84058 		NOT APPLICABLE PUBLIC UNRESTRICTED 4,500

UTAH YOUTH VILLAGE
UTAH YOUTH VILLAGE
5800 SOUTH HIGHLAND DR
5800 SOUTH HIGHLAN DR
SALT LAKE CITY,UT84121 		NOT APPLICABLE PUBLIC UNRESTRICTED 7,500

VISTA SCHOOL FOUNDATION
VISTA SCHOOL FOUNDATION
585 E CENTER STREET
585 E CENTER STREET
IVINS,UT84738 		NOT APPLICABLE PUBLIC UNRESTRICTED 750

VOLUNTEERS OF AMERICA
VOLUNTEERS OF AMERICA
435 W BEARCAT
435 W BEARCAT
SALT LAKE CITY,UT84115 		NOT APPLICABLE PUBLIC UNRESTRICTED 20,000

WASATCH FORENSIC NURSES
WASATCH FORENSIC NURSES
1565 EAST 3300 SOUTH
1565 EAST 3300 SOUTH
SALT LAKE CITY,UT84106 		NOT APPLICABLE PUBLIC UNRESTRICTED 7,000

WASTE LESS SOLUTIONS
WASTE LESS SOLUTIONS
999 E MURRAY HOLLADAY RD
999 E MURRAY HOLLADAY RD
SALT LAKE CITY,UT84117 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000

WHOLIVES
WHOLIVES
10102 COPPER KING LANE
10102 COPPER KING LANE
SOUTH JORDAN,UT84095 		NOT APPLICABLE PUBLIC UNRESTRICTED 6,000

YOUTHLINC
YOUTHLINC
1166 E BRICKYARD ROAD
1166 E BRICKYARD ROAD
SALT LAKE CITY,UT84106 		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
Total .................................right arrow 3a 216,000
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 209  
4 Dividends and interest from securities ....     14 17,385  
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 .....     1 1  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 233 216,944
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) ..   17,828 216,944
13Total. Add line 12, columns (b), (d), and (e)..................
13
234,772
(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 ASHTON FAMILY FOUNDATION
 
Employer identification number

87-0480108
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 ASHTON FAMILY FOUNDATION
  		Employer identification number
87-0480108
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
ALAN AND KAREN ASHTON
3200 W CLUBHOUSE DRIVE STE 200
 
LEHI, UT84043

$ 166,513


(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 ASHTON FAMILY FOUNDATION
  		Employer identification number

87-0480108
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
 2,487 SHS OF J&J $ 382,277 2023-03-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 85 SHS OF NVIDIA $ 20,250 2023-03-15
(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 ASHTON FAMILY FOUNDATION
  		Employer identification number

87-0480108
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 ASHTON FAMILY FOUNDATION
EIN:
87-0480108
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 4,984 4,984    

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TY 2023 GainLossSaleOtherAssetsSch
Name:
THE ASHTON FAMILY FOUNDATION
EIN:
87-0480108
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
MORGAN STANLEY-531   PURCHASE     968,492 974,148     -5,656  
MORGAN STANLEY-531   PURCHASE     613,020 390,420     222,600  

TY 2023 InvestmentsCorpStockSchedule
Name:
THE ASHTON FAMILY FOUNDATION
EIN:
87-0480108
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE 2,202 2,508
ACCENTURE PLC IRELAND    
AIR PRODUCTS & CHEM 5,380 5,545
AMER CENT SMALL CAP 14,451 17,225
AMER BOND FUND OF AMER 16,398 16,049
AMGEN INC COM 2,245 2,832
APOLLO GLOBAL MGMT    
APPLE INC    
ARCHER DANIELS MIDLAND 3,020 2,940
AT&T INC    
BANK OF AMERICA 15,052 17,815
BARON PARTNERS INSTL    
BLACKROCK INC. 8,598 10,792
BNY MELLON GLB EMER MRKTS 11,902 12,785
BRANDYWINE GLOBAL CORP CRD 6,770 7,180
BROADCOM LTD 7,132 13,781
CME GROUP 6,429 6,540
COCA-COLA COMPANY    
COLGATE PALMOLIVE 8,367 8,773
CORNING 7,340 7,930
CROWN CASTLE REIT INC 10,632 11,214
DELAWARE EMERGING MARKETS 5,612 6,351
DWS ENHANCED COMMODITY 11,126 10,680
EATON CORP PLC    
EXXON MOBIL CORP 10,329 11,631
FEDERATED HRMS TTL RET 16,349 16,048
GOLDMAN SACHS 7,971 9,626
GUGGENHEIM TOTAL RETURN 5,781 5,817
HOME DEPOT INC 9,226 11,040
HONEYWELL 10,962 12,188
IBM    
INVESCO DEVELOPING MARKETS 6,008 6,451
INVESCO S&P 500 PURE VALUE    
INVESCO OPTIMUM YIELD 1,477 1,433
ISHARE TIPS BOND ETF    
ISHARES 20+ YEARS 7,269 8,315
ISHARES JP MORGAN EM BOND 4,532 4,667
ISHARES MBS ETF 11,176 11,205
ISHARES MSCI EAFE 23,127 25,774
ISHARES RUSSELL 1000 VALUE ETF 10,641 10,996
ISHARES SHORT TREASURY 1,552 1,551
ISHARES TIPS BOND 12,909 12,672
JOHN HANCOCK DISC VALUE 7,109 8,050
JOHNSON & JOHNSON COM 3,999 6,509
JP MORGAN MIDCAP 14,322 16,774
JPMORGAN CHASE & CO 12,317 15,479
MEDTRONIC PLC SHS 9,118 9,204
MERCK AND CO INC SHS    
MFS EMERGING MARKETS 7,941 8,337
MICROSOFT 16,639 24,056
NEXTERRA ENERGY 4,193 4,656
NIKE INC    
NORTHROP 6,135 6,303
OAKMARK INTERNATIONAL 8,717 9,711
PEPSICO INC    
PFIZER INC    
PGIM TOTAL RETURN    
PROCTOR & GAMBLE 5,231 5,674
PROLOGIS INC 10,533 12,271
REALTY INCM CRP MD    
REPUBLIC SERVICES 5,965 7,464
SEMPRA 5,870 5,946
SHERWIN WILLIAMS 8,616 11,152
SPDR BLOOMBERG 2,547 2,542
SPDR BLOOMBERG HIGH YIELD 5,450 5,579
SPDR S&P 500 ETF 27,054 32,348
SPDR GOLD TRUST 13,431 15,661
SPDR S&P REGIONAL BANKING    
TMOBILE 6,682 7,559
THE CIGNA GROUP 6,008 6,786
UNITED HEALTH GP INC 6,043 6,298
VALERO ENERGY    
VANECK GOLD MINERS ETF 14,523 15,434
VANGAURD SMALL CAP    
VANGUARD EXTENDED DUR TREAS 366 391
VANGUARD LONG TERM GOV. 7,654 8,061
VANGUARD MID CAP 11,980 13,268
VANGUARD MIDCAP GROWTH 7,198 8,317
VANGUARD SMALL CAP ETF 27,019 30,655
VANGUARD TOTAL BOND MARKET 10,016 10,271
VERIZON COMMUNICATIONS INC 11,477 12,689
VISA INC 7,594 9,355

TY 2023 OtherAssetsSchedule
Name:
THE ASHTON FAMILY FOUNDATION
EIN:
87-0480108
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDEND RECEIVABLE   38 38


TY 2023 OtherExpensesSchedule
Name:
THE ASHTON FAMILY FOUNDATION
EIN:
87-0480108
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INVESTMENT EXPENSES 3,958 3,958    
MEALS-MEETING 91 91    
OTHER EXPENSES 1,154 1,154    


TY 2023 OtherIncomeSchedule2
Name:
THE ASHTON FAMILY FOUNDATION
EIN:
87-0480108
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CLASS ACTION PROCEEDS 1 1  


TY 2023 TaxesSchedule
Name:
THE ASHTON FAMILY FOUNDATION
EIN:
87-0480108
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 181 181    
FEDERAL TAX 101