TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
DONNELL B AND ELIZABETH D S
STEWART FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)2605 WASHINGTON BLVD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
OGDEN, UT84401

A Employer identification number

87-6160658

B Telephone number (see instructions)

(888) 730-4933

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$2,374,623J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	47,820		47,820
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		13,713
b	Gross sales price for all assets on line 6a 432,833
7	Capital gain net income (from Part IV, line 2)...			13,713
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).......
12	Total. Add lines 1 through 11........	61,533		61,533
13	Compensation of officers, directors, trustees, etc.	18,316		7,116	11,200
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	2,950	175	2,775
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,779	1,779	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	606	606	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	23,651		9,676	13,975
25	Contributions, gifts, grants paid.......	73,770			73,770
26	Total expenses and disbursements. Add lines 24 and 25	97,421		9,676	87,745
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-35,888
b	Net investment income (if negative, enter -0-)			51,857
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	132,485	133,373	133,373
	2	Savings and temporary cash investments.........
	3	Accounts receivable 995
		Less: allowance for doubtful accounts		995	995
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	648,250	List of Attached Documents: // Content 601,990	1,224,348
	c	Investments—corporate bonds (attach schedule).......	552,824	List of Attached Documents: // Content 471,519	446,569
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	443,189	List of Attached Documents: // Content 601,958	569,338
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,776,748	1,809,835	2,374,623
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,776,748	1,809,835
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	1,776,748	1,809,835
	30	Total liabilities and net assets/fund balances (see instructions).	1,776,748	1,809,835

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

1,776,748

Enter amount from Part I, line 27a .....................

-35,888

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

68,975

Add lines 1, 2, and 3 ..........................

1,809,835

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,809,835

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
1 a	BANK OF UTAH SHORT-TERM
b	BANK OF UTAH LONG-TERM
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	100,226	99,241	985
b	326,925	319,879	7,046
c	5,682		5,682
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			985
b			7,046
c			5,682
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	13,713
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	721
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	721
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	721
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	4,391
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	4,391
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,670
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax3,670	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

BANK OF UTAH Telephone no. right arrow

(801) 409-5000

Located at right arrow

2605 WASHINGTON BLVDOGDENUT ZIP+4 right arrow

84401

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
BANK OF UTAH	TRUSTEE 1.00	7,116
2605 WASHINGTON BLVD OGDEN,UT84401	TRUSTEE 1.00	7,116
JACK D LAMPROS	DIRECTOR 1.00	1,400
5890 TRAILWINDS DRIVE FORT MEYERS,FL33907	DIRECTOR 1.00	1,400
SEAN STROMBERG	DIRECTOR 1.00	1,400
1593 EAST 275 NORTH LAYTON,UT84040	DIRECTOR 1.00	1,400
JACKLYN LAMPROS HUNT	DIRECTOR 1.00	1,400
2112 EAST 6225 SOUTH OGDEN,UT84403	DIRECTOR 1.00	1,400
JAMIE SHENEFELT	DIRECTOR 1.00	1,400
5039 SOUTH 1200 EAST OGDEN,UT84403	DIRECTOR 1.00	1,400
KARIN HURST OLSEN	DIRECTOR 1.00	1,400
1033 EAST 5750 SOUTH SOUTH OGDEN,UT84405	DIRECTOR 1.00	1,400
KRISTEN HURST HYDE	DIRECTOR 1.00	1,400
6112 SOUTH 2850 OGDEN,UT84403	DIRECTOR 1.00	1,400
DEAN W HURST	DIRECTOR 1.00	1,400
4230 EDGEHILL DRIVE OGDEN,UT88403	DIRECTOR 1.00	1,400
RICHARD STROMBERG	DIRECTOR 1.00	1,400
733 EAST 100 SOUTH LAYTON,UT84041	DIRECTOR 1.00	1,400

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...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,126,952

Average of monthly cash balances.......................

118,978

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,245,930

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,245,930

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

33,689

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

2,212,241

Minimum investment return. Enter 5% (0.05) of line 5................

110,612

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.)

Minimum investment return from Part IX, line 6..................

110,612

Tax on investment income for 2022 from Part V, line 5.......

721

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

721

Distributable amount before adjustments. Subtract line 2c from line 1............

109,891

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

109,891

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

109,891

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

87,745

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

87,745

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					109,891
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......	6,076
e From 2022......	16,070
f Total of lines 3a through e ........		22,146
4Qualifying distributions for 2023 from Part
XI, line 4: $ 87,745
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					87,745
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		22,146			22,146
(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 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		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)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
WEBER STATE UNIVERSITY 1265 VILLAGE DR DEPT 4018 OGDEN,UT84408	NONE	PC	GENERAL OPERATING	73,770
Total ................................. 3a				73,770

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	47,820
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	13,713
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		61,533	0

13Total. Add line 12, columns (b), (d), and (e)..................

61,533

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

DONNELL B AND ELIZABETH D S

STEWART FOUNDATION

EIN:

87-6160658

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	2,950	175		2,775

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

DONNELL B AND ELIZABETH D S

STEWART FOUNDATION

EIN:

87-6160658

Name of Bond	End of Year Book Value	End of Year Fair Market Value
US TREASURY NOTE 2.750% 2/15/24	113,167	97,684
US TREASURY NOTE 4.625% 2/28/24	69,502	69,964
US TREASURY NOTE 4.500% 11/30/24	49,658	49,816
US TREASURY NOTE 2.125% 7/31/24	49,521	47,975
US TREASURY NOTE 2.500% 5/15/25	97,395	96,824
US TREASURY NOTE 2.500% 5/15/24	39,663	38,755
US TREASURY NOTE 1.625% 5/15/26	52,613	45,551

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

DONNELL B AND ELIZABETH D S

STEWART FOUNDATION

EIN:

87-6160658

Name of Stock	End of Year Book Value	End of Year Fair Market Value
UNITEDHEALTH GROUP INC	1,732	17,900
THERMO FISHER SCIENT	4,139	13,270
TRUIST FINANCIAL CORP	6,011	7,162
UNION PACIFIC CORP	4,584	29,474
UNITED RENTALS, INC	1,735	1,720
VISA INC CL A	18,790	22,390
VERIZON COMMUNICATION	9,933	6,711
THE BOSTON BEER COMPANY	1,965	1,728
WALMART INC	6,603	11,036
WALT DISNEY CO	2,440	6,049
WEST PHARMACEUTICAL SERVICES	2,569	2,817
PROLOGIS INC	4,859	5,599
THE TRADE DESK INC A	5,119	3,886
S&P GLOBAL INC	2,361	2,203
TESLA INC COM	25,854	18,636
PROGRESSIVE CORP	2,724	3,982
TE CONNECTIVITY LTD	6,604	5,761
TARGET CORP	11,274	7,263
SYNOPSYS INC	4,975	6,694
STRYKER CORP	3,277	3,594
STARBUCKS CORP COMMON	12,347	11,905
SHOPIFY INC.	4,123	3,350
SHERWIN WILLIAMS CO	1,141	4,367
SERVICENOW INC	10,368	12,717
SALESFORCE COM INC	5,244	11,315
INTUITIVE SURGICAL INC	7,456	8,097
RAYTHEON TECHNOLOGIES	2,590	6,226
PROCTOR & GAMBLE CO	1,122	16,559
META PLATFORMS INC	4,996	16,282
JOHNSON & JOHNSON	1,002	18,495
PNC FINANCIAL SERVICE	1,582	4,181
PHILLIP MORRIS INTERNATIONAL	10,022	9,972
PFIZER INC	1,434	2,505
PEPSICO INC	11,172	12,908
PAYPAL HOLDINGS INC	2,875	5,834
PALO ALTO NETWORKS INC	3,508	5,308
OLD DOMINION FREIGHT LINES	3,225	3,648
NVIDIA CORP COM	14,316	34,170
NOVARTIS AG ADR	6,673	9,592
NORTHROP GRUMMAN CORP	6,580	7,958
NETFLIX INC	5,940	5,356
MSCI INC CL A	3,082	2,828
POOL CORP	2,378	2,392
MONOLITHIC POWER SYSTEMS, INC	3,551	5,046
MICROSOFT CORP	5,649	75,208
QUALCOMM	4,760	9,690
MERCK & CO INC NEW	8,081	13,191
MEDTRONIC INC	8,798	6,920
MCDONALDS CORP	842	10,674
LULULEMON ATHLETICA INC	3,604	4,602
LOWES COS INC	2,854	4,896
WILLIAMS CO INC	8,355	11,180
LINCOLN ELECTRIC HOLDINGS INC	2,700	4,132
LAM RESEARCH CORP	5,063	5,483
JPMORGAN CHASE & CO	3,987	20,242
QUEST DIAGNOSTICS INC COMMON	6,730	5,377
CHARLES RIVER LABORATORIES	4,913	3,073
PRUDENTIAL FINANCIAL INC	6,642	6,326
ELI LILLY & COMPANY	3,814	4,080
CORNING INC	2,531	2,223
CHEVRON TEXACO CORP	2,926	5,519
CROWN CASTLE INTL CORP	12,512	7,833
HONEYWELL INTERNATIONAL	7,397	11,744
HOME DEPOT INC	4,087	43,319
HASBRO INC	5,161	2,604
FORTIVE CORP	783	3,092
FORD MOTOR COMPANY	4,457	2,645
FIFTH THIRD BANCORP	6,131	5,139
EXXON MOBIL CORPORATION	389	13,797
COSTCO WHOLESALE CORP	5,355	46,206
ENBRIDGE INC	6,734	6,267
ABBVIE INC	9,967	13,637
ECOLAB INC	8,936	7,537
EATON CORPORATION	5,510	7,706
ZOETIS INC	4,548	30,592
DIGITAL RLTY TR INC	15,694	11,978
DOW INC	11,285	12,833
DOMINION RESOURCES NEW	6,674	3,995
DANAHER CORP	0	19,664
DRAFT KINGS INC.	1,802	2,221
DUKE ENERGY HOLDING	3,173	4,658
DATADOG INC	3,195	2,549
COPART INC	2,426	4,312
ADOBE INC	814	13,722
TC ENERGY CORP	6,558	5,551
BOOKING HOLDINGS INC	9,625	14,189
INTUIT INC	6,629	8,125
LOCKHEED MARTIN	5,687	7,252
HUNTINGTON BANCSHARES INC	4,707	3,943
CONSTELLATION BRANDS INC	4,184	4,110
CONOCOPHILLIPS	2,931	8,705
CISCO SYSTEMS INC	5,841	10,912
CINTAS CORP	3,974	5,424
CHUBB LTD	4,965	7,232
CHIPOTLE MEXICAN GRILL	5,267	6,861
CATERPILLAR INC	6,351	17,740
BROADCOM INC	4,803	14,511
AIR PRODS & CHEMS INC COMMON	3,013	3,286
BERKSHIRE HATHAWAY INC	1,630	6,777
ATLASSIAN CORP PLC	4,266	2,616
ASML HLDG N V N Y REGISTRY SHS NEW2012	1,912	3,028
APPLE INC	9,471	74,317
AMPHENOL CORP	2,369	3,470
AMERIPRISE FINL INC COMMON	14,231	17,852
AMERICAN TOWER CORP REIT	9,627	7,124
AMAZON COM INC COM	8,001	56,978
ALPHABET INC CL C	5,153	53,553
ALLSTATE CORP	2,248	7,979
3M COMPANY	4,993	3,061

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

DONNELL B AND ELIZABETH D S

STEWART FOUNDATION

EIN:

87-6160658

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
SPECTRUM PREF AND CAP SEC INC	AT COST	44,435	45,466
BRITISH AMERICAN TOBACCO	AT COST	5,000	3,925
FIDELITY SHORT TERM TREASURY BOND INDEX	AT COST	44,660	45,493
AMERICAN FUNDS EUROPAC GROWTH	AT COST	42,250	35,875
TOUCHSTONE SANDS CAPITAL	AT COST	32,000	23,575
FIDELITY INTERNATIONAL BOND INDEX FUND	AT COST	68,040	68,362
SANDOZ GROUP	AT COST	1,668	611
VANGUARD SMALL CAP INDEX ADMIRAL	AT COST	102,505	115,082
CLEARBRIDGE INTL GROWTH FUND	AT COST	42,250	37,202
COHEN & STEERS INSTITUTIONAL REALTY	AT COST	56,960	46,019
T ROWE PRICE MID CAP GROWTH FUND	AT COST	74,000	64,291
INVESCO OPPENHEIMER DEVELOPING MARKETS	AT COST	21,000	17,237
MFS MID CAP VALUE FUND	AT COST	67,190	66,200

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

DONNELL B AND ELIZABETH D S

STEWART FOUNDATION

EIN:

87-6160658

Description	Amount
COST/FMV DIFFERENCE IN STOCK DONATIONS	68,975

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

DONNELL B AND ELIZABETH D S

STEWART FOUNDATION

EIN:

87-6160658

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	1,779	1,779		0

- TIN:

TY 2023 TaxesSchedule

Name:

DONNELL B AND ELIZABETH D S

STEWART FOUNDATION

EIN:

87-6160658

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID	606	606		0