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 HUNTSMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)500 HUNTSMAN WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALT LAKE CITY, UT84108
A Employer identification number

74-2521914
B Telephone number (see instructions)

(801) 584-5700
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$504,185,798J 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      
4 Dividends and interest from securities... 5,124,344 5,124,344  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,699,713
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 6,980,070
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
2,632,534 1,407,659  
12 Total. Add lines 1 through 11........ 10,456,591 13,512,073  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,038,455 0   1,038,455
14 Other employee salaries and wages...... 326,650 0   326,650
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,492 0   2,492
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
74,370 0   57,370
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,712,670 1,208,659   527,347
17 Interest............... 2,689,737 0   57,899
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
55,587 38,937   32,528
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,015 0   3,015
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,786 4,135,087   20,786
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,923,762 5,382,683   2,066,542
25 Contributions, gifts, grants paid....... 22,033,767 21,028,767
26 Total expenses and disbursements. Add lines 24 and 25 27,957,529 5,382,683   23,095,309
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -17,500,938
b Net investment income (if negative, enter -0-) 8,129,390
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............. 3,448,941 1,142,768 1,142,768
2 Savings and temporary cash investments......... 56,849,861 33,660,110 33,660,110
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.......... 88,546    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 276,539,186 Click to see attachment
List of Attached Documents:
// Content
322,688,859 		322,688,859
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).......... 99,679,996 Click to see attachment
List of Attached Documents:
// Content
146,694,061 		146,694,061
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) 436,606,530 504,185,798 504,185,798
Liabilities 17 Accounts payable and accrued expenses..........   2,373,248
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 24,742,199 76,273,480
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 24,742,199 78,646,728
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 411,864,331 425,539,070
29 Total net assets or fund balances (see instructions)..... 411,864,331 425,539,070
30 Total liabilities and net assets/fund balances (see instructions). 436,606,530 504,185,798
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
411,864,331
2
Enter amount from Part I, line 27a .....................
2
-17,500,938
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
31,175,677
4
Add lines 1, 2, and 3 ..........................
4
425,539,070
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
425,539,070
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 PORTFOLIO GAINS P 2022-01-01 2023-12-31
b PARTNERSHIP GAINS P 2022-01-01 2023-12-31
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       2,699,713
b       4,280,357
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       2,699,713
b       4,280,357
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 6,980,070
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) 1 112,999
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........................... 3 112,999
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- ..... 5 112,999
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 175,495
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 275,495
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 10 162,496
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow162,496 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right 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 Click to see attachment
List of Attached Documents:
// Content
.............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTPS://HUNTSMANFAMILYFOUNDATION.ORG/
14
The books are in care ofright arrowTOM MUIR Telephone no.right arrow (801) 584-5700

Located atright arrow500 HUNTSMAN WAYSLCUT ZIP+4right arrow84108
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
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
 
No
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
PETER R HUNTSMAN CEO/DIRECTOR
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
KAREN H HUNTSMAN CHAIR/DIRECTOR
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
JAMES H HUNTSMAN DIRECTOR
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
CHRISTOPHER H HUFFMAN DIRECTOR
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
CHRISTENA DURHAM EVP/VICE CHAIR/DIRECTOR
20.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
PAUL C HUNTSMAN EVP/DIRECTOR
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
JENNIFER H PARKIN EVP/VICE CHAIR/DIRECTOR
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
MARK H HUNTSMAN HONORARY DIRECTOR
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
DAVID H HUNTSMAN PRESIDENT/COO/DIR
30.00 		640,085 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
RONALD G MOFFITT SECRETARY
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
THOMAS E MUIR VP/CFO/TREASURER
5.00 		398,370 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
JON M HUNTSMAN JR DIRECTOR
1.00 		0 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
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
DAVID BURDETT ASSISTANT
40.00 		79,864 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
LINDA PATINO ASSISTANT
40.00 		57,447 0 0
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
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
JKH MANAGEMENT LLC MANAGEMENT SERVICES 1,746,569
500 HUNTSMAN WAY
SALT LAKE CITY,UT84108
UBS INVESTMENT MANAGEMENT 1,032,006
299 S MAIN STREET 2275
SALT LAKE CITY,UT84111
PRESCOTT CONSULTING CONSULTING 116,965
820 SUNRISE CIRCLE
CENTERVILLE,UT84014
DELOITTE TAX LLP CONSULTING 74,370
PO BOX 844736
DALLAS,TX752844736
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
298,871,991
b
Average of monthly cash balances.......................
1b
46,232,111
c
Fair market value of all other assets (see instructions)................
1c
261,774,562
d
Total (add lines 1a, b, and c).........................
1d
606,878,664
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
606,878,664
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
9,103,180
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
597,775,484
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
29,888,774
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
29,888,774
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
112,999
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
604,725
c
Add lines 2a and 2b............................
2c
717,724
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
29,171,050
4
Recoveries of amounts treated as qualifying distributions................
4
100,000
5
Add lines 3 and 4............................
5
29,271,050
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
29,271,050
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
23,095,309
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
23,095,309
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 29,271,050
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 10,506,613
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$ 23,095,309
a Applied to 2022, but not more than line 2a 10,506,613
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		Click to see attachment
List of Attached Documents:
// Content
0
d Applied to 2023 distributable amount..... 12,588,696
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 .......... 		16,682,354
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

ALL SECURE FOUNDATION INC

3636 S GEYER ROAD SUITE 100
ST LOIS,MO63127 		  PC GENERAL SUPPORT 10,000

CENTER FOR A NEW AMERICAN SECURITY

1152 15TH STREET NW SUITE 950
WASHINGTON,DC20005 		  PC GENERAL SUPPORT 40,000

CHABAD LUBAVITCH OF UTAH

1760 SOUTH 1100 EAST SUITE 2A
SALT LAKE CITY,UT85105 		  PC GENERAL SUPPORT 75,000

CITIZENS COMMITTEE TO SAVE OUR CANYONS

3690 EAST FORT UNION SUITE 101
COTTONWOOD HEIGHTS,UT84101 		  PC GENERAL SUPPORT 10,000

COMMUNITY NURSING SERVICES FOUNDATION

2830 SOUTH REDWOOD ROAD
WEST VALLEY CENTER,UT841195625 		  PC GENERAL SUPPORT 2,000

DANIELLE BYRON HENRY MIGRAINE FOUNDATION

PO BOX 91051
SALT LAKE CITY,UT84109 		  PC GENERAL SUPPORT 25,000

DAVID ECCLES SCHOOL OF BUSINESS AT UOFU

1655 EAST CAMPUS CENTER DRIVE
SALT LAKE CITY,UT84112 		  PC GENERAL SUPPORT 10,000

FAMILY SUPPORT CENT OF SW UTENOCH TRAUM

102 N 200 E
CEDAR CITY,UT84720 		  PC GENERAL SUPPORT 25,000

FIRST PRESBYTERIAN CHURCH FOUNDATION

12 C STREET
SALT LAKE CITY,UT84103 		  PC GENERAL SUPPORT 15,000

FOURTH STREET CLINIC

409 WEST 400 SOUTH
SALT LAKE CITY,UT84101 		  PC GENERAL SUPPORT 400,000

GATEWAY FILM CENTER

1550 N HIGH STREET
COLUMBUS,OH43201 		  PC GENERAL SUPPORT 2,500

GREEK ORTHODOX CHURCH

279 S 300 W
SALT LAKE CITY,UT84101 		  PC GENERAL SUPPORT 10,000

HALE CENTRE THEATRE

3333 SOUTH DECKER LAKE DRIVE
WEST VALLEY CITY,UT84119 		  PC GENERAL SUPPORT 100,000

HEAL-A NEW BEGINNING FOR REFUGEES

W279N1908 PROSPECT AVENUE
PEWAUKEE,WI53072 		  PC GENERAL SUPPORT 10,000

HELP EVERYONE LOVE PEOPLE

13988 S CHAMPLIN PEAK DRIVE
HERRIMAN,UT84096 		  PC GENERAL SUPPORT 15,000

HISPANIC HUMANITARIANCHANGING LIVES GLO

500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		  PC GENERAL SUPPORT 5,000

HOPE4UTAH (HOPE SQUAD)

5455 RIVER RUN DR
PROVO,UT84604 		  PC GENERAL SUPPORT 30,000

HUNTSMAN CANCER FOUNDATION

500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		  SO III FI GENERAL SUPPORT 5,000,000

HUNTSMAN MENTAL HEALTH INSTITUTE

501 CHIPETA WAY
SALT LAKE CITY,UT84108 		  PC GENERAL SUPPORT 2,050,434

HUNTSMAN WORLD SENIOR GAMES

500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		  PC GENERAL SUPPORT 300,000

INTERFAITH COMMUNITY CLINIC

4242 INTERFAITH WAY
THE WOODLANDS,TX77381 		  PC GENERAL SUPPORT 65,000

JAMES & BONNIE PARKIN ENDOW SCHLSHP MEDI

PAID UNIVERSITY OF UTAH -201
PRESIDENTS CIRCLE
SALT LAKE CITY,UT84112 		  PC GENERAL SUPPORT 20,000

JARED PRESCOTT CHARITABLE TRUST

820 SUNRISE CIRCLE
CENTERVILLE,UT84014 		  PC GENERAL SUPPORT 100,000

JMH FAMILY COMMUNITY TRUST

1611 NORTHWEST 12TH AVENUE
MIAMI,FL33136 		  PC GENERAL SUPPORT 1,000,000

JUVENILE DIABETES FOUNDATION

3001 METRO DRIVE STE 100
BLOOMINGTON,MN55425 		  PC GENERAL SUPPORT 25,000

LEARNING EDUCATION & ACHIEVEMENT FND

5980 S DURANGO DRIVE STE 131
LAS VEGAS,NV89113 		  PC GENERAL SUPPORT 19,000

MAKE-A-WISH FOUNDATION OF UTAH

771 E WINCHESTER
MURRAY,UT84107 		  PC GENERAL SUPPORT 20,000

NATIONAL ABILITY CENTER

1000 ABILITY WAY
PARK CITY,UT84060 		  PC GENERAL SUPPORT 75,000

NATIONAL CENTER FOR FAMILY PHILANTHROPY

1667 K STREET NW SUITE 350
WASHINGTON,DC20006 		  PC GENERAL SUPPORT 50,000

NATIONAL COMMITTEE ON US-CHINA RELATIONS

6 EAST 43RD STREET 24TH FLOOR
NEW YORK,NY10017 		  PC GENERAL SUPPORT 10,000

NATIONAL MULTIPLE SCLEROSIS

396 WEST IRONWOOD DRIVE
SALT LAKE CITY,UT84115 		  PC GENERAL SUPPORT 10,000

NATIONAL URBAN LEAGUE

80 PINE STREET - 9TH FLOOR
NEW YORK CITY,NY10005 		  PC GENERAL SUPPORT 25,000

NUCLEAR THREAT INITIATIVE INC

PO BOX 7247
PHILADELPHIA,PA84111 		  PC GENERAL SUPPORT 10,000

OLSON-HUNTSMAN VISION FOUNDATION

500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		  PF GENERAL SUPPORT 1,005,000

OUTFEST

1370 N ST ANDREWS PLACE
LOS ANGELES,CA90028 		  PC GENERAL SUPPORT 10,000

ROTARY DISTRICT 5000 FND - HONOLULU HI

PO BOX 2784
HONOLULU,HI96803 		  PC GENERAL SUPPORT 10,000

RUN WALK N ROLL CS MOTT CHILDREN'S HOSP

524 WASHINGTON ROAD
GROSSE POINTE,MI48230 		  PC GENERAL SUPPORT 5,000

SCHOOL OF AMERICAN BALLET

70 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		  PC GENERAL SUPPORT 15,000

SENIOR CHARITY CARE FOUNDATION

1555 WEST 2200 SOUTH SUITE B
WEST VALLEY CENTER,UT84119 		  PC GENERAL SUPPORT 25,000

SET FREE INDEED MINISTRY

620 WEST PORT HUDSON PLAINS RD
ZACHARY,LA70791 		  PC GENERAL SUPPORT 80,000

SIGMA CHI FND-HUNTSMAN LEADERSHP SUMM

1714 HINMAN AVENUE
EVANSTON,IL60201 		  PC GENERAL SUPPORT 500,000

SOUND SUPPORT FOUNDATION

555 EAST MAIN STREET SUTIE A
AMERICAN FORK,UT840032488 		  PC GENERAL SUPPORT 5,000

SOUTH DAVIS RECOVERY CLUB

25 S MAIN STREET 201
CENTERVILLE,UT84014 		  PC GENERAL SUPPORT 21,000

SOUTHERN UNIVERSITY SYSTEM FOUNDATION

598 HARDING BLVD
BATON ROUGE,LA70807 		  PC GENERAL SUPPORT 100,000

ST VINCENT DEPAUL CENTER

66 PROGRESS PARKWAY
MARYLAND HEIGHTS,MO63043 		  PC GENERAL SUPPORT 60,000

TATUHA INC

MAIN BRANCH 111 KING STREET
HONOLULU,HI96813 		  NC DISASTER RELIEF FOR TYPHOON MAWAR 100,000

THE ADAMS & GLADWELL RESEARCH FOUNDATION

3920 SOUTH 1100 EAST STE 150
SALT LAKE CITY,UT84124 		  PC GENERAL SUPPORT 100,000

THE ADVERTISING COUNCIL INC

815 SECOND AVENUE 9TH FLOOR
NEW YORK,NY10017 		  PC GENERAL SUPPORT 5,000,000

THE JED FOUNDATION

530 7TH AVENUE SUITE 801
NEW YORK CITY,NY10018 		  PC GENERAL SUPPORT 100,000

THE ROAD HOME

210 SOUTH RIO GRANDE STREET
SALT LAKE CITY,UT84101 		  PC GENERAL SUPPORT 30,000

THE WHARTON SCHOOL FUND

PO BOX 71332
PHILADELPHIA,PA19176 		  PC GENERAL SUPPORT 1,025,000

THIS IS THE PLACE FOUNDATION

2601 E SUNNYSIDE AVE
SALT LAKE CITY,UT84108 		  PC GENERAL SUPPORT 10,000

TRINITY AFRICAN METHODIST EPISCOPAL CHUR

239 E 600 S
SALT LAKE CITY,UT84111 		  PC GENERAL SUPPORT 50,000

U OF U - UTAH SPIRIT TEAM

1825 E SOUTH CAMPUS DR
SALT LAKE CITY,UT841120900 		  PC GENERAL SUPPORT 25,000

UGF INSTITUTE

299 S MAIN ST STE3357
SALT LAKE CITY,UT84111 		  PC GENERAL SUPPORT 5,000

UNIVERSITY OF UTAH MEDICAL SCHOOL FINANCIAL AID

201 S 1460 E RM 105
SALT LAKE CITY,UT84112 		  PC GENERAL SUPPORT 25,000

UOFU PRESIDENTIAL CHAIRS-HEALTH SCIENCES

PO BOX 58006
SALT LAKE CITY,UT84158 		  PC GENERAL SUPPORT 900,000

USU JMH PRES CHA-BUSINESS SCH DEAN

3500 OLD MAIN HILL
LOGAN,UT843223500 		  PC GENERAL SUPPORT 75,000

USU MENTAL HEALTH & COMPULSIVE BEHAVIOR

1540 OLD MAIN HILL
LOGAN,UT84322 		  PC GENERAL SUPPORT 30,000

UT DANCE OUTREACH

10542 S WASATCH BLVD
SANDY,UT84092 		  PC GENERAL SUPPORT 10,000

UTAH FOOD BANK

3150 SOUTH 900 WEST
SALT LAKE CITY,UT84119 		  PC GENERAL SUPPORT 250,000

UTAH JOB OPPORT FND (GIANT IN OUR CITY)

201 S MAIN ST STE 2300
SALT LAKE CITY,UT84111 		  PC GENERAL SUPPORT 25,000

UTAH SPORTS COMMISSION FOUNDATIONGOVERN

201 SOUTH MAIN ST STE 2125
SALT LAKE CITY,UT84111 		  PC GENERAL SUPPORT 25,000

UTAH STATE UNIVJMH BUS SCH

REGISTRARS OFFICE 1600 OLD MAIN
HILL LOGAN UT 84322-1600
LOGAN,UT843221600 		  PC GENERAL SUPPORT 2,500,000

UTAH STATE UNIVERSITYHARDING FUND

1600 OLD MAIN HILL
LOGAN,UT843221600 		  PC GENERAL SUPPORT 13,873

UTAH VALLEY UNIVERSITY-KIMBALL FUND

800 WEST UNIVERSITY PARKWAY
OREM,UT84058 		  PC GENERAL SUPPORT 300

UTAH VALLEY UNIVERSITY-OCAMPO FUND

800 WEST UNIVERSITY PARKWAY-BURSARS
OFFICE MS-109
OREM,UT84058 		  PC GENERAL SUPPORT 3,160

VOLUNTEERS OF AMERICA UTAH

435 WEST BEARCAT DRIVE
SALT LAKE CITY,UT84115 		  PC GENERAL SUPPORT 251,500

WAT LAO SALT LAKE BUDDHARAM

7010 W PARKWAY BLVD
WEST VALLEY CITY,UT84128 		  PC GENERAL SUPPORT 25,000

WATERFORD ANNUAL GIVING FUND

1480 EAST 9400 SOUTH
SANDY,UT84093 		  PC GENERAL SUPPORT 5,000

WORLD TRADE CENTER UTAH

60 E SOUTH TEMPLE STE 300
SALT LAKE CITY,UT84111 		  PC GENERAL SUPPORT 50,000
Total .................................right arrow 3a 22,033,767
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 5,124,344  
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 2,699,713  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS INCOME 		    14 1,407,659  
bFEDERAL TAX REFUND         1,124,875
cGRANT RECOVERIES     01   100,000
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 9,231,716 1,224,875
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,456,591
(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.)
11B FEDERAL TAX REFUNDS
11C GRANT RECOVERIES
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:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 74,370 0   57,370

TY 2023 AppliedToPriorYearElection
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Election:
PURSUANT TO CODE SECION 4942(H)(2) AND REGULATION SECTION 53.4942(A)-3(D)(2), TAXPAYER HEREBY ELECTS TO TREAT THE CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIUBED INCOME AS COMING FROM PRIOR YEAR'S UNDISTRIBUTED INCOME AS FOLLOWS: 2017: $487,748SIGNED:_______________________________

TY 2023 DistributionFromCorpusElection
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Election:
PURSUANT TO CODE SECION 4942(H)(2) AND REGULATION SECTION 53.4942(A)-3(D)(2), TAXPAYER HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIUBUIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS MADE OUT OF CORPUS. TAX YEAR 2017: $1,168,745TOTAL: $1,168,745SIGNED:_______________________________

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

TY 2023 ExpenditureResponsibilityStmt
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
OLSON-HUNTSMAN VISION FOUNDATION
  		500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		2023-12-08 1,005,000 TO FUND CHARITABLE GRANTMAKING BY OLSON-HUNTSMAN VISION FOUNDATION. 1,005,000 NONE 09/27/2024   FOUNDATION STAFF REVIEWED THE GRANTEE'S REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEE'S REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
OLSON-HUNTSMAN VISION FOUNDATION
  		500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		2022-12-14 5,000 TO FUND CHARITABLE GRANTMAKING BY OLSON-HUNTSMAN VISION FOUNDATION. 5,000 NONE 10/5/2023   FOUNDATION STAFF REVIEWED THE GRANTEE'S REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEE'S REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).

TY 2023 GeneralExplanationAttachment
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Identifier Return Reference Explanation
  FORM 990-PF, PART VI-A, LINE 11 - LIST OF CONTROLLED ENTITIES FOUNDATION ENTERPRISES, LLC87-0526140500 HUNTSMAN WAYSALT LAKE CITY, UT 84108EXCESS BUSINESS HOLDING: NO

TY 2023 InvestmentsCorpStockSchedule
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Name of Stock End of Year Book Value End of Year Fair Market Value
GUAM TELECOM 50,013,329 50,013,329
GOLDMAN - MARKETABLE SECURITIES 34,671,220 34,671,220
UBS - EQUITIES 389 27,376,662 27,376,662
UBS - EQUITIES 390 10,265,453 10,265,453
UBS - EQUITIES 391 49,091,530 49,091,530
UBS - NON-TRADITIONAL 3385 71,309,874 71,309,874
UBS - NON-TRADITIONAL 3387 1,500,869 1,500,869
USB - EQUITIES 3386 12,286,919 12,286,919
USB - EQUITIES 3384 47,795,143 47,795,143
UBS - EQUITIES 5223 1,034,595 1,034,595
UBS - EQUITIES 2645 2,342,470 2,342,470
UBS - FIXED INCOME 2646 8,913,059 8,913,059
UBS - FIXED INCOME 2648 6,087,736 6,087,736

TY 2023 InvestmentsOtherSchedule2
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PARTNERSHIP INVESTMENTS FMV 146,694,061 146,694,061

TY 2023 LegalFeesSchedule
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 2,492 0   2,492


TY 2023 OtherExpensesSchedule
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICERS LIABILITY INSURANCE 10,000 0   10,000
OFFICE EXPENSE 1,970 0   1,970
PARTNERSHIP EXPENSE 0 4,135,087   0
BANK FEES 1,296 0   1,296
UMBRELLA INSURANCE 7,520 0   7,520


TY 2023 OtherIncomeSchedule2
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INCOME 1,407,659 1,407,659 1,407,659
FEDERAL TAX REFUND 1,124,875   1,124,875
GRANT RECOVERIES 100,000   100,000


TY 2023 OtherIncreasesSchedule
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Description Amount
UNREALIZED GAINS 31,175,674
PRIOR PERIOD ADJUSTMENTS 3


TY 2023 OtherProfessionalFeesSchedule
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 122,545 0   122,545
MANAGEMENT FEES 381,465 0   404,802
INVESTMENT MANAGEMENT FEES 1,208,660 1,208,659   0


TY 2023 TaxesSchedule
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSES AND FEES 32,528 0   32,528
PARTNERSHIP FOREIGN TAXES 22,559 38,937   0
STATE INCOME TAX EXPENSE 500 0   0


TY 2023 TransfersToControlledEntities
Name:
THE HUNTSMAN FOUNDATION
EIN:
74-2521914
Name US /
Foreign Address		 EIN Description Amount
FOUNDATION ENTERPRISES LLC 500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		87-0526140 CASH CONTRIBUTION TO FOUNDATION ENTERPRISES LLC. 866,250
Total     866,250