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
Beverley Taylor Sorenson Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)6330 S 3000 E 630
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Salt Lake City, UT84121
A Employer identification number

46-3784084
B Telephone number (see instructions)

(801) 490-1013
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$28,118,914J 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... 525,513 687,582  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,570
b Gross sales price for all assets on line 6a 6,873,721
7 Capital gain net income (from Part IV, line 2)... 1,454
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
22,369 -22,189  
12 Total. Add lines 1 through 11........ 554,452 666,847  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,638 0   2,638
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
28,147 14,073   14,074
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
102,871 102,871   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,455 955   0
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
98 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 140,209 117,899   16,712
25 Contributions, gifts, grants paid....... 1,420,000 1,420,000
26 Total expenses and disbursements. Add lines 24 and 25 1,560,209 117,899   1,436,712
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,005,757
b Net investment income (if negative, enter -0-) 548,948
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............. 937 82,559 82,559
2 Savings and temporary cash investments......... 587,846 438,898 438,898
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,180,068 Click to see attachment
List of Attached Documents:
// Content
1,132,594 		1,132,594
b Investments—corporate stock (attach schedule)....... 17,385,490 Click to see attachment
List of Attached Documents:
// Content
19,490,810 		19,490,810
c Investments—corporate bonds (attach schedule)....... 853,886 Click to see attachment
List of Attached Documents:
// Content
773,115 		773,115
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).......... 5,695,397 Click to see attachment
List of Attached Documents:
// Content
4,926,139 		5,712,039
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
0 		Click to see attachment
List of Attached Documents:
// Content
488,899 		Click to see attachment
List of Attached Documents:
// Content
488,899
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,703,624 27,333,014 28,118,914
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 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 25,703,624 27,333,014
29 Total net assets or fund balances (see instructions)..... 25,703,624 27,333,014
30 Total liabilities and net assets/fund balances (see instructions). 25,703,624 27,333,014
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
25,703,624
2
Enter amount from Part I, line 27a .....................
2
-1,005,757
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,635,147
4
Add lines 1, 2, and 3 ..........................
4
27,333,014
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
27,333,014
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b GMO Systematic Global Fund P 2020-09-30 2023-01-12
c Passthrough K-1 P 2023-01-01 2023-12-31
d Sepio Capital Partners P 2020-06-30 2023-12-31
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 5,577,131   5,428,186 148,945
b 807,691   750,000 57,691
c       -2,578
d 488,899   691,503 -202,604
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       148,945
b       57,691
c       -2,578
d       -202,604
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 1,454
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 7,630
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 7,630
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 7,630
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 15,243
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,243
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,613
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow7,613 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 arrowJames Lee Sorenson Telephone no.right arrow (801) 490-1013

Located atright arrow6330 S 3000 E Suite 630Salt Lake CityUT ZIP+4right arrow84121
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)
 
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
 
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
 
 
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
James Lee Sorenson Director
1.00 		0 0 0
6330 S 3000 E Suite 630
Salt Lake City,UT84121
Joan Fenton Director
1.00 		0 0 0
6330 S 3000 E Suite 630
Salt Lake City,UT84121
Joseph Sorenson Director
1.00 		0 0 0
6330 S 3000 E Suite 630
Salt Lake City,UT84121
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Sepio Capital Investment management 102,871
2795 E Cottonwood Pkwy STE 600
Salt Lake City,UT84121
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
20,725,515
b
Average of monthly cash balances.......................
1b
1,165,301
c
Fair market value of all other assets (see instructions)................
1c
5,799,625
d
Total (add lines 1a, b, and c).........................
1d
27,690,441
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
27,690,441
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
415,357
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,275,084
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,363,754
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
1,363,754
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
7,630
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,630
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,356,124
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,356,124
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
1,356,124
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
1,436,712
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
1,436,712
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 1,356,124
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,396,145
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$ 1,436,712
a Applied to 2022, but not more than line 2a 1,396,145
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 40,567
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 .......... 		1,315,557
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

American Indian Services

3115 E Lion Ln Suite 320
Cottonwood Heights,UT84121 		None PC AIS scholarship program 100,000

Choice Humanitarian

7879 S 1530 W 200
Salt Lake City,UT84088 		None PC Navajo Women ASCEND Program - increasing access to employment and nutrition 200,000

Hale Center Theater

3333 S Decker Lake Dr
Salt Lake City,UT84119 		None PC Operational support 30,000

Junior Achievement of Utah

515 South 700 East Suite 1F
Salt Lake City,UT84102 		None PC Whole school funding for JA education 25,000

Southern Utah University

351 W University Blvd
Cedar City,UT84720 		None GOV Art learning and engagement 25,000

Spy Hop Productions

699 S West Temple Suite 202
Salt Lake City,UT84101 		None PC Arts outreach program 75,000

The Policy Project

1607 E Yalecrest Ave
Salt Lake City,UT84105 		None PC Increasing access to period products, students with basic needs, and child safety 50,000

United Way of Utah

257 E 200 S 300
Salt Lake City,UT84111 		None PC Expanding school readiness programs and direct preschool services 100,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Tanner Dance Community Arts Partnership for Rural Utah 55,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Museum of Fine Arts learning and engagement programs 50,000

University of Utah -

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Arts learning impact measurement research 150,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Huntsman Cancer Institute - Wiggins Wellness & Integrative Health Center 100,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Strengthening the Future of the BTS Arts Learning Program 100,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Community Youth Theater Arts Education Program 25,000

Utah Chamber Artists

11640 Littler Rd
Sandy,UT84092 		None PC Concert series 115,000

Utah Food Bank

3150 S 900 W
Salt Lake City,UT84119 		None PC General support 50,000

Salt Lake Music School Foundation

182 S 600 E
Salt Lake City,UT84102 		None PC Project GRIT - music lessons for at-risk youth 50,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Utah Cares - Foster Care Program 120,000
Total .................................right arrow 3a 1,420,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 525,513  
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 .....     14 22,369  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 6,570  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 554,452 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
554,452
(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
Friends of the Beverley Taylor Sorenson Arts Learning Program 501(c)(4) Beverley Taylor Sorenson Foundation shares common directors with Friends of the Beverley Taylor Sorenson Arts Learning Program
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:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting 28,147 14,073   14,074

TY 2023 GeneralExplanationAttachment
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Identifier Return Reference Explanation
Disclosure Form 5471 The taxpayer is filing form 5471 for its investment in Sepio Capital Partners Offshore Ltd, a company organized in the Cayman Islands. Despite repeated inquiries, the taxpayer has not been able to obtain information from the foreign corporation sufficient to complete Form 5471 completely and accurately. Information provided is to the best of the foundation's knowledge and is as complete as possible given the foundation's limited access to information about the foreign corporation and the delayed reponses from the foreign organization.

TY 2023 InvestmentsCorpBondsSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Name of Bond End of Year Book Value End of Year Fair Market Value
Alexandria Real Estate EQ Inc Note 10,034 10,034
American Electric Power Note 23,245 23,245
American Tower Corp Note 9,596 9,596
Amgen Inc Note 23,445 23,445
Astrazeneca Finance LLC Note 17,604 17,604
AT&T Note 24,886 24,886
Bank of America Corp Note 33,055 33,055
Bank New York Mellon Note 25,215 25,215
Bank Nova Scotia Note 34,515 34,515
BHP Billiton Fin USA LTD Note 20,531 20,531
Boston PPTYS LTD Note Nov 2023 10,139 10,139
Canadian Pac Ry Co Note 13,670 13,670
Citigroup Inc Note 28,793 28,793
Comcast Corp Note 34,345 34,345
CVS Health Corp Note 19,890 19,890
DTE Electric Co Note 22,120 22,120
Elevance Health Inc Note 19,461 19,461
Enbridge Inc Note 9,900 9,900
Eversource Energy Note 24,531 24,531
Fifth Third Bancorp Note 19,929 19,929
Goldman Sachs Group Inc Note 19,131 19,131
Home Depot Note Jun 2025 27,908 27,908
Intel Corp Note 19,905 19,905
JP Morgan Chase Note Oct 2026 32,330 32,330
Lincoln National Corp Note 8,975 8,975
Medtronic Global Holdings Note 15,096 15,096
Morgan Stanley Ser I Mtn Note 21,823 21,823
Nextera Energy Note 23,208 23,208
PNC Finl Svcs Group Inc Note 20,181 20,181
Public Svc Enterprise Group Note 34,594 34,594
Sempra Energy Note 24,179 24,179
Simon Property Group LP Note 14,895 14,895
State Street Corp Note 29,351 29,351
Toronto Dominion Bank Note 37,094 37,094
Total Capital Intl Note 19,541 19,541

TY 2023 InvestmentsCorpStockSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Name of Stock End of Year Book Value End of Year Fair Market Value
ARC DOCUMENT SOLUTIONS INC 12,487 12,487
AXT INC 8,083 8,083
ACACIA RESEARCH CORP 10,870 10,870
ALICO INC 17,070 17,070
AMTECH SYSTEMS INC 9,009 9,009
ASURE SOFTWARE INC 17,060 17,060
BM TECHNOLOGIES INC CL A COM 3,778 3,778
BGSF INC COM 13,292 13,292
BANKWELL FINL GROUP INC COM USD0.01 11,197 11,197
BARRETT BUSINESS SVCS INC COM 32,077 32,077
BOWMAN CONSULTING GROUP LTD COM 29,588 29,588
BUILD-A-BEAR WORKSHOP INC COM 26,507 26,507
CRA INTERNATIONAL INC 15,717 15,717
CAPITAL BANCORP INC MD COM 12,778 12,778
CIVISTA BANCSHARES INC COM NO PAR 16,762 16,762
COLONY BANKCORP INC 18,700 18,700
COMTECH TELECOMMUNICATIONS CORP 10,369 10,369
COOPER-STANDARD HOLDINGS INC 16,316 16,316
DMC GLOBAL INC COM 10,370 10,370
DHI GROUP INC COM 8,182 8,182
DESTINATION XL GROUP INC 18,572 18,572
EAGLE BANCORP MONTANA INC COM USD0.01 8,590 8,590
ESQUIRE FINL HLDGS INC COM 14,938 14,938
FS BANCORP INC COM 27,240 27,240
FARMERS NATIONAL BANC CORP COM 13,988 13,988
FIRST BUSINESS FINL SVCS INC W COM 18,486 18,486
FIRST NORTHWEST BANCORP COM USD0.01 11,365 11,365
FIVE STAR BANCORP COM 15,708 15,708
GENASYS INC COM 6,078 6,078
HAMILTON BEACH BRANDS HLDG CO COM CL A 19,379 19,379
HERITAGE INSURANCE HLDGS INC COM 16,248 16,248
HORIZON BANCORP INC COM 15,383 15,383
HURCO CO COM 11,368 11,368
INTEST CORP 12,879 12,879
JAKKS PAC INC COM NEW 11,732 11,732
KIMBALL ELECTRONICS INC 27,300 27,300
LAKELAND INDUSTRIES INC 28,274 28,274
LIFETIME BRANDS INC 11,541 11,541
LINCOLN EDUCATIONAL SERVICES CORP 13,865 13,865
MANITEX INTERNATIONAL INC 23,178 23,178
METROPOLITAN BK HLDG CORP COM 32,508 32,508
MILLER INDUSTRIES INC 19,453 19,453
MISTRAS GROUP INC COM USD0.01 6,822 6,822
MOTORCAR PARTS OF AMERICA INC 21,426 21,426
NN INC COM 6,220 6,220
NATURAL GAS SVCS GROUP INC COM 27,529 27,529
NORTHEAST BK LEWISTON ME COM 27,485 27,485
NORTHWEST PIPE CO COM STK USD0.01 26,478 26,478
ONE STOP SYS INC COM 3,373 3,373
ORRSTOWN FINANCIAL SERVICES INC COM NPV 17,907 17,907
PAM TRANSPORTATION SERVICES INC 7,315 7,315
PARKE BANCORP INC COM STK USD0.10 20,048 20,048
PROFIRE ENERGY INC 7,904 7,904
QUANTUM CORP COM NEW 1,349 1,349
RED ROBIN GOURMET BURGERS INC 21,935 21,935
RIMINI STR INC DEL COM 10,997 10,997
RIVERVIEW BANCORP INC COM 13,210 13,210
SHIMMICK CORPORATION COM 7,339 7,339
SILVERCREST ASSET MANAGEMENT GROUP INC 13,005 13,005
SMITH MICRO SOFTWARE INC COM NEW 5,021 5,021
STRATTEC SECURITY CORP 14,494 14,494
TILLYS INC COM USD0.001 CL A 13,180 13,180
TWIN DISC INC 25,549 25,549
USCB FINANCIAL HOLDINGS INC CLASS A COM 14,186 14,186
UNITY BANCORP INC 18,346 18,346
UNIVERSAL ELECTRONICS INC 7,747 7,747
UNIVERSAL TECHNICAL INSTITUTE INC 16,764 16,764
WEST BANCORPORATION INC 12,466 12,466
WHOLE EARTH BRANDS INC COM CL A 7,775 7,775
AFLAC INC COM USD0.10 9,075 9,075
AT&T INC COM USD1 16,025 16,025
ABBOTT LABORATORIES 22,784 22,784
ADOBE INC COM 23,267 23,267
AGILENT TECHNOLOGIES INC COM USD0.01 9,593 9,593
AIRBNB INC COM CL A 10,074 10,074
AKAMAI TECHNOLOGIES COM USD0.01 6,509 6,509
ALBEMARLE CORP COM USD0.01 5,635 5,635
ALLSTATE CORP COM USD0.01 4,339 4,339
ALPHABET INC CAP STK CL C 65,532 65,532
ALPHABET INC CAP STK CL A 66,772 66,772
AMAZON.COM INC 109,549 109,549
AMERICAN EXPRESS CO COM USD0.20 15,175 15,175
AMERICAN INTERNATIONAL GROUP INC 12,195 12,195
AMERIPRISE FINANCIAL INC COM USD0.01 5,318 5,318
ELEVANCE HEALTH INC COM 11,317 11,317
APPLE INC 217,174 217,174
APPLIED MATERIALS INC COM USD0.01 14,100 14,100
ARISTA NETWORKS INC COM USD0.0001 8,007 8,007
ATMOS ENERGY CORP COM NPV 10,199 10,199
AUTOMATIC DATA PROCESSING INC COM USD0.10 16,541 16,541
BANK OF NEW YORK MELLON CORP COM USD0.01 9,057 9,057
BECTON DICKINSON &CO COM USD1.00 11,948 11,948
BIOGEN INC COM USD0.0005 12,421 12,421
BOOKING HOLDINGS INC COM 17,736 17,736
BORG WARNER INC COM USD0.01 10,576 10,576
BOSTON SCIENTIFIC CORP 14,453 14,453
BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01 7,819 7,819
BROADCOM INC COM 44,650 44,650
BROWN-FORMAN CORP COM USD0.15 CLASS B 5,824 5,824
CBOE GLOBAL MARKETS INC 8,214 8,214
CBRE GROUP INC COM USD0.01 CLASS A 4,841 4,841
CDW CORP COM USD0.01 4,092 4,092
THE CIGNA GROUP COM 14,074 14,074
CME GROUP INC COM 12,215 12,215
CSX CORP COM USD1 12,204 12,204
CADENCE DESIGN SYSTEMS INC COM USD0.01 8,988 8,988
CAMPBELL SOUP CO CAP USD0.0375 7,695 7,695
CARRIER GLOBAL CORPORATION COM 7,239 7,239
CATERPILLAR INC COM 18,332 18,332
CENTENE CORP 4,082 4,082
CHARTER COMMUNICATIONS INC NEW CL A 7,385 7,385
CHIPOTLE MEXICAN GRILL INC 11,435 11,435
CHURCH &DWIGHT CO INC COM 8,321 8,321
CISCO SYSTEMS INC 22,582 22,582
CINTAS CORP 10,848 10,848
CITIGROUP INC 16,821 16,821
COLGATE-PALMOLIVE CO COM USD1.00 15,464 15,464
CONAGRA BRANDS INC 8,111 8,111
CONSTELLATION BRANDS INC COM USD0.01 CLASS A 12,329 12,329
CONSTELLATION ENERGY CORP COM 10,403 10,403
COPART INC COM USD0.0001 12,250 12,250
CORTEVA INC COM 18,066 18,066
DR HORTON INC COM STK USD0.01 8,055 8,055
DARDEN RESTAURANTS INC 9,694 9,694
DEERE & CO 13,596 13,596
DEXCOM INC 5,832 5,832
DISNEY WALT CO COM 19,322 19,322
DOVER CORP COM USD1.00 4,460 4,460
EBAY INC. COM 7,154 7,154
ECOLAB INC 10,909 10,909
EDWARDS LIFESCIENCES CORP 5,109 5,109
ELECTRONIC ARTS INC 6,704 6,704
EMERSON ELECTRIC CO 10,317 10,317
ENPHASE ENERGY INC COM USD0.00001 3,964 3,964
EVERSOURCE ENERGY 14,566 14,566
EXELON CORP COM NPV 14,145 14,145
EXPEDIA GROUP INC 7,438 7,438
FMC CORP COM NEW 8,260 8,260
FASTENAL COM STK USD0.01 6,153 6,153
FIDELITY NATL INFORMATION SERVICES COM USD0.01 7,028 7,028
FIRST SOLAR INC 4,307 4,307
FISERV INC COM STK USD0.01 14,480 14,480
FORTIVE CORP COM 7,805 7,805
FOX CORP CL B COM 3,788 3,788
ARTHUR J. GALLAGHER & CO. ISIN #US3635761097 10,344 10,344
GENERAL MILLS INC COM USD0.10 12,637 12,637
GENUINE PARTS CO COM USD1.00 8,310 8,310
GLOBAL PAYMENTS INC 5,588 5,588
GOLDMAN SACHS GROUP INC COM USD0.01 17,745 17,745
HCA HEALTHCARE INC COM 7,850 7,850
HALLIBURTON CO COM USD2.50 41,717 41,717
HEWLETT PACKARD ENTERPRISE CO COM 4,517 4,517
HOLOGIC INC 3,715 3,715
HOME DEPOT INC 35,348 35,348
HORMEL FOODS CORP 6,358 6,358
HUBBELL INC COM 5,263 5,263
HUMANA INC 6,409 6,409
HUNTINGTON BANCSHARES INC COM USD0.01 5,571 5,571
ILLINOIS TOOL WORKS INC COM USD0.01 15,978 15,978
INGERSOLL RAND INC COM 8,043 8,043
INTEL CORP COM USD0.001 21,206 21,206
INTERNATIONAL BUS MACH CORP COM USD0.20 19,790 19,790
INTERNATIONAL FLAVORS &FRAGRANCES COM USD0.125 6,235 6,235
INTUIT INC 17,501 17,501
INTUITIVE SURGICAL INC 11,808 11,808
KLA CORP COM NEW 8,720 8,720
KENVUE INC COM 10,377 10,377
KEURIG DR PEPPER INC COM 12,862 12,862
KIMBERLY-CLARK CORP COM 13,123 13,123
LAM RESEARCH CORP COM USD0.001 11,749 11,749
ESTEE LAUDER COMPANIES INC COM USD0.01 CLASS A 9,799 9,799
ELI LILLY &CO COM 42,553 42,553
LIVE NATION ENTERTAINMENT INC COM USD0.01 4,680 4,680
LOEWS CORP COM USD0.01 28,114 28,114
LULULEMON ATHLETICA INC COM USD0.005 6,135 6,135
M &T BANK CORP COM USD0.50 4,798 4,798
MARTIN MARIETTA MATERIALS INC COM USD0.01 7,983 7,983
MASTERCARD INCORPORATED CL A 34,547 34,547
MATCH GROUP INC NEW COM 4,490 4,490
MCCORMICK &COMPANY INC COM NPV 4,721 4,721
MERCK &CO. INC COM 36,958 36,958
METLIFE INC COM USD0.01 7,407 7,407
METTLER-TOLEDO INTERNATIONAL INC COM USD0.01 6,065 6,065
MICROSOFT CORP 215,095 215,095
MICROCHIP TECHNOLOGY INC. COM 8,567 8,567
MICRON TECHNOLOGY INC 11,777 11,777
MOLSON COORS BEVERAGE CO CL B 6,672 6,672
MOODYS CORP COM USD0.01 9,764 9,764
MORGAN STANLEY COM USD0.01 18,184 18,184
NVR INC COM USD0.01 7,000 7,000
NASDAQ INC COM STK 4,651 4,651
NETFLIX INC 19,962 19,962
NIKE INC CLASS B COM NPV 12,811 12,811
NORFOLK SOUTHN CORP COM 10,401 10,401
NUCOR CORP COM USD0.40 9,572 9,572
NVIDIA CORPORATION COM 97,558 97,558
OMNICOM GROUP INC COM USD0.15 4,239 4,239
ON SEMICONDUCTOR CORP COM USD0.01 7,100 7,100
ORACLE CORP 17,818 17,818
OTIS WORLDWIDE CORP COM 7,068 7,068
PNC FINANCIAL SERVICES GROUP COM USD5 13,472 13,472
PPG INDUSTRIES INC COM USD1.666 9,422 9,422
PACCAR INC COM USD1.00 14,159 14,159
PALO ALTO NETWORKS INC COM USD0.0001 10,911 10,911
PAYCHEX INC COM USD0.01 8,814 8,814
PAYCOM SOFTWARE INC COM USD0.01 6,202 6,202
PAYPAL HLDGS INC COM 6,817 6,817
PROGRESSIVE CORP COM 11,946 11,946
PRUDENTIAL FINANCIAL INC 9,126 9,126
PULTE GROUP INC COM USD0.01 5,780 5,780
QUALCOMM INC 16,632 16,632
QUANTA SERVICES COM USD0.00001 7,769 7,769
REGIONS FINANCIAL CORP NEW COM 5,911 5,911
ROCKWELL AUTOMATION INC COM USD1 5,278 5,278
ROLLINS INC 4,192 4,192
ROPER TECHNOLOGIES INC 10,358 10,358
S&P GLOBAL INC COM 26,431 26,431
SALESFORCE INC COM 23,946 23,946
SCHWAB CHARLES CORP COM 12,040 12,040
SEMPRA COM 19,803 19,803
SERVICENOW INC COM USD0.001 14,836 14,836
SMUCKER J M CO COM NEW 7,456 7,456
STEEL DYNAMICS INC 6,496 6,496
STRYKER CORPORATION COM 12,577 12,577
SYNOPSYS INC 9,783 9,783
SYSCO CORP 12,066 12,066
TJX COMPANIES INC 18,574 18,574
T-MOBILE US INC COM 15,712 15,712
TAKE-TWO INTERACTIVE SOFTWARE INC 5,955 5,955
TARGET CORP 12,391 12,391
THERMO FISHER SCIENTIFIC INC 27,601 27,601
TRACTOR SUPPLY CO 5,376 5,376
TRAVELERS COMPANIES INC COM STK NPV 6,477 6,477
TRUIST FINL CORP COM 7,310 7,310
US BANCORP 9,825 9,825
UNION PAC CORP COM 21,369 21,369
UNITEDHEALTH GROUP INC 43,171 43,171
VERISIGN INC 5,973 5,973
VERIZON COMMUNICATIONS INC 19,265 19,265
VERISK ANALYTICS INC COM 7,405 7,405
VISA INC 40,094 40,094
WABTEC COM 6,091 6,091
WARNER BROS DISCOVERY INC COM SER A 4,484 4,484
WEST PHARMACEUTICAL SERVICES INC 5,282 5,282
WEYERHAEUSER CO MTN BE COM NEW 5,424 5,424
XYLEM INC COM USD0.01 4,460 4,460
ZOETIS INC 13,816 13,816
AON PLC SHS CL A COM USD0.01 9,604 9,604
ACCENTURE PLC 21,406 21,406
EVEREST GROUP LTD COM STK USD0.01 3,536 3,536
JOHNSON CONTROLS INTERNATIONAL PLC COM USD1.00 6,052 6,052
MEDTRONIC PLC 13,263 13,263
APTIV PLC COM USD0.01 ISIN #JE00B783TY65 SEDOL #B783TY6 9,959 9,959
PENTAIR PLC SHS 4,363 4,363
STERIS PLC ORD USD0.001 4,177 4,177
WILLIS TOWERS WATSON PLC COM USD0.000304635 4,824 4,824
CHUBB LIMITED COM NPV ISIN #CH0044328745 15,142 15,142
TE CONNECTIVITY LTD COM CHF0.57 5,480 5,480
NXP SEMICONDUCTORS NV 12,632 12,632
EA SERIES TRUST BUSHIDO CAP U S 564,802 564,802
GLOBAL X FDS MSCI GREECE ETF 29,618 29,618
ISHARES MSCI SPAIN ETF 29,720 29,720
ISHARES MSCI MEXICO ETF 32,212 32,212
ISHARES MSCI POLAND ETF 31,709 31,709
ISHARES MSCI ITALY ETF 29,541 29,541
PACER FDS TR DEVELOPED MRKT 185,385 185,385
AIR PRODUCTS AND CHEMICALS INC 67,901 67,901
ALTRIA GROUP INC 36,345 36,345
APPLE INC 107,816 107,816
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B 82,744 82,744
BLACKROCK INC COM USD0.01 75,496 75,496
CHEVRON CORP NEW COM 58,171 58,171
CINCINNATI FINANCIAL CORP COM USD2.00 37,038 37,038
CISCO SYSTEMS INC 53,651 53,651
COMCAST CORP 39,113 39,113
DIAGEO ADR EACH REPR 4 ORD GBX28.935185 53,456 53,456
DOMINION ENERGY INC COM 37,928 37,928
FASTENAL COM STK USD0.01 57,644 57,644
FIDELITY NATL INFORMATION SERVICES COM USD0.01 49,797 49,797
JOHNSON &JOHNSON COM USD1.00 66,143 66,143
LOWES COMPANIES INC COM USD0.50 71,883 71,883
MERCK &CO. INC COM 65,956 65,956
MICROSOFT CORP 81,976 81,976
NESTLE ADR 39,544 39,544
NINTENDO CO LTD UNSP ADS EACH REP 0.25 ORD SHS 42,606 42,606
NORFOLK SOUTHN CORP COM 70,204 70,204
NORTHROP GRUMMAN CORP COM USD1 55,241 55,241
PAYCHEX INC COM USD0.01 50,979 50,979
PHILIP MORRIS INTERNATIONAL INC COM NPV 75,546 75,546
PROGRESSIVE CORP COM 58,934 58,934
SCHWAB CHARLES CORP COM 59,787 59,787
STARBUCKS CORP COM USD0.001 66,631 66,631
TEXAS INSTRUMENTS INC COM USD1.00 76,025 76,025
UNITED PARCEL SERVICE INC CL B 51,886 51,886
VERIZON COMMUNICATIONS INC 30,952 30,952
ALIBABA GROUP HOLDING LTD SPON ADS EACH REP 8 ORD SHS 6,356 6,356
ALPHABET INC CAP STK CL C 25,086 25,086
ALPHABET INC CAP STK CL A 28,357 28,357
AMAZON.COM INC 48,925 48,925
AUTODESK INC 27,270 27,270
BOEING CO 46,137 46,137
DEERE & CO 5,198 5,198
DISNEY WALT CO COM 24,107 24,107
EXPEDITORS INTERNATIONAL OF WASHINGTON INC 13,992 13,992
META PLATFORMS INC CLASS A COMMON STOCK 66,544 66,544
FACTSET RESEARCH SYSTEMS INC 13,834 13,834
ILLUMINA INC COM USD0.01 11,557 11,557
INTUITIVE SURGICAL INC 11,133 11,133
MICROSOFT CORP 43,621 43,621
MONSTER BEVERAGE CORP NEW COM 25,233 25,233
NETFLIX INC 37,003 37,003
NOVARTIS AG SPONSORED ADR 10,804 10,804
NOVO NORDISK A/S ADR-EACH CNV INTO 1 CLASS B DKK1 16,138 16,138
NVIDIA CORPORATION COM 63,388 63,388
ORACLE CORP 35,003 35,003
PAYPAL HLDGS INC COM 7,492 7,492
QUALCOMM INC 15,475 15,475
REGENERON PHARMACEUTICALS INC 18,444 18,444
ROCHE HOLDINGS ADR 8,840 8,840
SEI INVTS CO COM 10,168 10,168
SALESFORCE INC COM 30,787 30,787
SANDOZ GROUP AG SPON ADS EACH REP 1 COM SHS 672 672
SHOPIFY INC COM NPV CL A ISIN #CA82509L1076 19,008 19,008
BLOCK INC CL A 10,674 10,674
STARBUCKS CORP COM USD0.001 14,113 14,113
TESLA INC COM 42,242 42,242
THERMO FISHER SCIENTIFIC INC 12,208 12,208
VERTEX PHARMACEUTICALS INC 22,786 22,786
VISA INC 47,123 47,123
WORKDAY INC COM USD0.001 CL A 10,490 10,490
YUM! BRANDS INC 9,408 9,408
YUM CHINA HLDGS INC COM 3,522 3,522
ALPHABET INC CAP STK CL C 124,723 124,723
AMAZON.COM INC 149,053 149,053
ELEVANCE HEALTH INC COM 56,587 56,587
BAYER AG SPON ADR EACH REP 0.25 ORD SHS 29,804 29,804
CAPITAL ONE FINANCIAL CORP COM USD0.01 51,924 51,924
CHARTER COMMUNICATIONS INC NEW CL A 13,215 13,215
COMCAST CORP 55,909 55,909
CONOCOPHILLIPS COM 111,195 111,195
META PLATFORMS INC CLASS A COMMON STOCK 110,082 110,082
GENERAL ELECTRIC CO COM NEW 80,535 80,535
GOLDMAN SACHS GROUP INC COM USD0.01 76,768 76,768
HILTON WORLDWIDE HLDGS INC 41,881 41,881
LIBERTY BROADBAND CORP COM SER A 16,531 16,531
LIBERTY BROADBAND CORP COM SER C 28,771 28,771
MARRIOTT INTERNATIONAL INC COM USD0.01 CLASS A 40,141 40,141
MICROSOFT CORP 137,631 137,631
NETFLIX INC 76,440 76,440
OCCIDENTAL PETE CORP COM 12,181 12,181
PROSUS N.V. SPON ADR EACH REP 0.20 ORD SHS 34,635 34,635
SHELL PLC SPON ADS EA REP 2 ORD SHS 93,568 93,568
SAFRAN SA UNSPON ADR EA REP 0.25 ORD 73,829 73,829
SAP ADR REP 1 ORD 52,097 52,097
TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS 45,864 45,864
UNITEDHEALTH GROUP INC 65,282 65,282
VISA INC 24,473 24,473
WELLS FARGO CO NEW COM 75,208 75,208
WOODWARD INC COM 32,399 32,399
AON PLC SHS CL A COM USD0.01 40,743 40,743
AERCAP HOLDINGS N.V. EUR0.01 69,043 69,043
ADVANCED DRAINAGE SYSTEMS INC 5,626 5,626
AFFILIATED MANAGERS GROUP INC COM 18,322 18,322
APTARGROUP INC 22,622 22,622
ARAMARK COM 21,075 21,075
AVERY DENNISON CORP COM USD1 11,119 11,119
BALL CORP COM NPV 4,717 4,717
BERKLEY W R CORP COM 48,372 48,372
BIO-TECHNE CORP COM 8,333 8,333
BLACKBAUD INC 15,433 15,433
BOOZ ALLEN HAMILTON HLDG CORP CL A 22,001 22,001
BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01 18,106 18,106
BROWN & BROWN INC 24,604 24,604
BURLINGTON STORES INC 14,975 14,975
CACI INTERNATIONAL INC 21,051 21,051
CARLISLE COMPANIES INC 31,868 31,868
CASEYS GENERAL STORES INC 15,111 15,111
CHOICE HOTELS INTERNATIONAL INC 14,956 14,956
COLUMBIA BANKING SYSTEM INC 6,857 6,857
COLUMBIA SPORTSWEAR CO 14,556 14,556
DECKERS OUTDOOR CORP 16,711 16,711
DOLBY LABORATORIES INC COM CL A 16,977 16,977
ENVISTA HOLDINGS CORPORATION COM 20,619 20,619
FTI CONSULTING INC 12,746 12,746
FACTSET RESEARCH SYSTEMS INC 8,587 8,587
GODADDY INC CL A 28,345 28,345
GRACO INC 9,804 9,804
HENRY JACK &ASSOCIATES INC COM USD0.01 8,171 8,171
HEXCEL CORP 20,945 20,945
HUNT J.B. TRANSPORT SERVICES INC COM USD0.01 15,580 15,580
IDEX CORP COM USD0.01 13,244 13,244
JONES LANG LASALLE INC COM USD0.01 14,921 14,921
KINSALE CAP GROUP INC COM 4,019 4,019
KIRBY CORP 15,068 15,068
LKQ CORP 16,057 16,057
LANDSTAR SYSTEM INC COM USD0.01 20,140 20,140
LENNOX INTERNATIONAL INC COM USD0.01 22,376 22,376
MANHATTAN ASSOCIATES INC COM 12,058 12,058
MARKEL GROUP INC COM NPV 25,558 25,558
MORNINGSTAR INC 30,055 30,055
NORDSON CORP 13,472 13,472
POOL CORP COM 9,170 9,170
PROSPERITY BANCSHARES INC 7,383 7,383
RPM INTERNATIONAL INC 25,005 25,005
SEI INVTS CO COM 21,099 21,099
HENRY SCHEIN INC COM 6,511 6,511
SERVICE CORPORATION INTERNATIONAL COM USD1.00 8,282 8,282
TELEFLEX INCORPORATED COM 23,438 23,438
TRANSUNION COM 15,460 15,460
TRIMBLE INC COM 17,237 17,237
TYLER TECHNOLOGIES INC 13,380 13,380
ULTA BEAUTY INC COM 7,840 7,840
WEX INC 17,704 17,704
VANGUARD INDEX FDS VANGUARD VALUE ETF 759,460 759,460
VANGUARD SMALL CAP VALUE ETF 942,683 942,683
EA SERIES TRUST BUSHIDO CAP U S 1,147,719 1,147,719
GOLDMAN SACHS GQG PARTNERS INTL OPP I 1,736,508 1,736,508
ABR 75/25 VOLATILITY FUND INSTL 49,087 49,087
INVESCO DEVELOPING MARKETS Y 480,494 480,494
JOHCM INTERNATIONAL SELECT INSTL 1,265,862 1,265,862
BLACKROCK GLOBAL IMPACT FUND I 470,077 470,077
GMO EMERGING MARKETS FUND I 935,750 935,750
GMO CLIMATE CHANGE FUND CL I 425,705 425,705
ABR 75/25 VOLATILITY FUND INSTL 504,598 504,598
LOCORR LONG/SHORT COMMODITIES STRGY I 487,026 487,026
ALPINE INCOME PPTY TR INC COM 15,320 15,320
GLOBAL MED REIT INC COM NEW 16,994 16,994
GREAT AJAX CORP COM 9,164 9,164
AMERICAN TOWER CORP NEW COM 11,442 11,442
CROWN CASTLE INC COM 6,566 6,566
DIGITAL REALTY TRUST INC 6,191 6,191
EQUINIX INC COM 10,470 10,470
EXTRA SPACE STORAGE INC 5,131 5,131
HOST HOTELS &RESORTS INC COM 5,315 5,315
IRON MTN INC DEL COM 4,129 4,129
PROLOGIS INC. COM 13,997 13,997
SIMON PROPERTY GROUP INC 6,134 6,134
WELLTOWER INC COM 7,304 7,304
CROWN CASTLE INC COM 41,123 41,123

TY 2023 InvestmentsGovtObligationsSch
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
US Government Securities - End of Year Book Value:

730,122
US Government Securities - End of Year Fair Market Value:

730,122
State & Local Government Securities - End of Year Book Value:


402,472
State & Local Government Securities - End of Year Fair Market Value:


402,472


TY 2023 InvestmentsOtherSchedule2
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ML Private Equity Investments FMV 355,605 355,605
Private Equity Investment AT COST 4,570,534 5,356,434

TY 2023 LegalFeesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal 2,638 0   2,638


TY 2023 OtherAssetsSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Redemption Receivable   488,899 488,899


TY 2023 OtherExpensesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office expense 98 0   0


TY 2023 OtherIncomeSchedule2
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Passthrough Income 22,369 -22,189 22,369


TY 2023 OtherIncreasesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Description Amount
Unrealized appreciation 2,635,147


TY 2023 OtherProfessionalFeesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 102,871 102,871   0


TY 2023 TaxesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal taxes 5,500 0   0
Foreign taxes 955 955   0