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
DONNELL B & ELIZABETH D STEWART
EDUCATION 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

87-6179880
B Telephone number (see instructions)

(801) 409-5114
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$55,585,897J 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) 247,375
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,002,509 1,002,509  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 202,325
b Gross sales price for all assets on line 6a 8,574,580
7 Capital gain net income (from Part IV, line 2)... 202,325
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........ 1,452,209 1,204,834  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 436,237 167,037   269,200
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,050 2,025   2,025
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
41,789 41,789   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,415 19,415   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.......... 501,491 230,266   271,225
25 Contributions, gifts, grants paid....... 2,395,543 2,395,543
26 Total expenses and disbursements. Add lines 24 and 25 2,897,034 230,266   2,666,768
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,444,825
b Net investment income (if negative, enter -0-) 974,568
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 911,127 1,390,395 1,390,395
3 Accounts receivable right arrow9,541
Less: allowance for doubtful accounts right arrow     9,541 9,541
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) 4,235,809 Click to see attachment
List of Attached Documents:
// Content
3,042,044 		2,876,980
b Investments—corporate stock (attach schedule)....... 12,575,609 Click to see attachment
List of Attached Documents:
// Content
11,805,068 		23,889,659
c Investments—corporate bonds (attach schedule)....... 9,431,072 Click to see attachment
List of Attached Documents:
// Content
9,571,977 		8,814,824
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).......... 18,051,659 Click to see attachment
List of Attached Documents:
// Content
19,285,925 		18,604,498
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 45,205,276 45,104,950 55,585,897
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........ 45,205,276 45,104,950
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)..... 45,205,276 45,104,950
30 Total liabilities and net assets/fund balances (see instructions). 45,205,276 45,104,950
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
45,205,276
2
Enter amount from Part I, line 27a .....................
2
-1,444,825
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,344,499
4
Add lines 1, 2, and 3 ..........................
4
45,104,950
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
45,104,950
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 BANK OF UTAH SECURITIES - LT P    
b BANK OF UTAH SECURITIES - ST P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,719,036   7,801,676 -82,640
b 657,199   570,579 86,620
c 198,345     198,345
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       -82,640
b       86,620
c       198,345
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 202,325
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 13,546
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 13,546
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 13,546
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 82,674
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 82,674
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 69,128
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow69,128 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 arrowBANK OF UTAH Telephone no.right arrow (801) 377-4222

Located atright arrow2605 WASHINGTON BLVDOGDENUT ZIP+4right arrow84401
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
BANK OF UTAH TRUSTEE
1.00 		167,037 0 0
2605 WASHINGTON BLVD
OGDEN,UT84401
JACK LAMPROS DIRECTOR
1.00 		38,800 0 0
1802 WHISPERING OAKS DR
OGDEN,UT84403
DEAN W HURST DIRECTOR
1.00 		34,800 0 0
4230 EDGEHILL DR
OGDEN,UT84403
RICHARD STROMBERG CHAIR
1.00 		38,800 0 0
733 EAST 100 SOUTH
LAYTON,UT84041
JAMIE SHENEFELT VICE CHAIR
1.00 		34,800 0 0
5039 SOUTH 1200 EAST
OGDEN,UT84403
KRISTEN HURST-HYDE VICE CHAIR
1.00 		34,800 0 0
6112 SOUTH 2850 EAST
OGDEN,UT84403
KARIN HURST DIRECTOR
1.00 		28,800 0 0
1033 EAST 5750 SOUTH
OGDEN,UT84405
JACKLYN LAMPROS HUNT DIRECTOR
1.00 		28,800 0 0
2112 EAST 6225 SOUTH
OGDEN,UT84403
SEAN STROMBERG DIRECTOR
1.00 		29,600 0 0
1593 EAST 275 NORTH
LAYTON,UT84040
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
51,263,028
b
Average of monthly cash balances.......................
1b
1,301,156
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
52,564,184
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
52,564,184
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
788,463
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
51,775,721
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,588,786
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
2,588,786
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
13,546
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,546
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,575,240
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,575,240
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
2,575,240
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,666,768
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,666,768
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 2,575,240
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 116,524
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,666,768
a Applied to 2022, but not more than line 2a 116,524
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..... 2,550,244
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 .......... 		24,996
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 e-mail address of the person to whom applications should be addressed:
BANK OF UTAH
2605 WASHINGTON BLVD
OGDEN,UT84401
(801) 409-5114
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN REQUEST
cAny submission deadlines:
NONE, PREFERRED PRIOR TO SEPTEMBER 30TH
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ADOPT-A VILLAGE IN GUATEMALA

PO BOX 698
GRANTS PASS,OR97528 		NONE PC GENERAL CHARITABLE PURPOSE 500

AMERICAN RED CROSS OF NORTHERN UTAH

2955 HARRISON BOULEVARD SUITE 204
OGDEN,UT84403 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

BOYS AND GIRLS CLUBS OF WEBER-DAVIS

2510 E WASHINGTON BLVD SUITE 200
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

BOY'S TOWN

821 N MOJAVE RD
LAS VEGAS,NV89101 		NONE PC GENERAL CHARITABLE PURPOSE 400

BYU TV

BRIGHAM YOUNG UNIVERSITY
PROVO,UT84602 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

CHAMBER ORCHESTRA OGDEN

2415 WASHINGTON BLVD
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 10,000

CLASSICAL 89 - KBYU FM

BRIGHAM YOUNG UNIVERSITY
PROVO,UT84602 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

ECCLES COMMUNITY ART CENTER

2580 JEFFERSON AVE
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 10,000

ELIZABETH STEWART TREEHOUSE MUSEUM

347 22ND ST
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 126,250

ENABLE UTAH

535 W STOCKMAN WY SUITE A
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 25,000

FAMILY COUNSELING CENTER

650 E 4500 S 300
MURRAY,UT84107 		NONE PC GENERAL CHARITABLE PURPOSE 7,500

FUREVER FRIENDS ANIMAL OASIS

1996 N 700 E
OGDEN,UT84414 		NONE PC GENERAL CHARITABLE PURPOSE 22,000

HILL AEROSPACE MUSEUM (AEROSPACE HERITAGE FOUNDATION OF UTAH)

PO BOX 612
ROY,UT84067 		NONE PC GENERAL CHARITABLE PURPOSE 10,000

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC GENERAL CHARITABLE PURPOSE 1,000

HUMANE SOCIETY OF NORTHERN UTAH

PO BOX 3992
OGDEN,UT84409 		NONE PC GENERAL CHARITABLE PURPOSE 12,500

LDS CHURCH

50 E NORTH TEMPLE STREET
SALT LAKE CITY,UT84150 		NONE PC GENERAL CHARITABLE PURPOSE 1,000

LDS PHILANTHROPIES

1450 N UNIVERSITY AVE
PROVO,UT84604 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

MOUNTAIN GREEN ELEMENTARY

6064 SILVER LEAF DRIVE
MORGAN,UT84050 		NONE PC GENERAL CHARITABLE PURPOSE 500

OGDEN NATURE CENTER

966 W 12TH ST
OGDEN,UT84404 		NONE PC GENERAL CHARITABLE PURPOSE 15,000

OGDEN PIANO FESTIVAL

2415 WASHINGTON BLVD
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 25,000

OGDEN RESCUE MISSION

2775 WALL AVE
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 200

OGDEN SCHOOL FOUNDATION

1950 MONROE BLVD
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 70,000

OGDEN SURGICAL MEDICAL SOCIETY

PO BOX 9311
OGDEN,UT84409 		NONE PC GENERAL CHARITABLE PURPOSE 2,000

ONSTAGE OGDEN

638 26TH ST
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 132,000

PBS UTAH

101 S WASATCH DR
SALT LAKE CITY,UT84112 		NONE PC GENERAL CHARITABLE PURPOSE 5,200

PEERY'S EGYPTIAN FOUNDATION

PO BOX 4
OGDEN,UT84402 		NONE PC GENERAL CHARITABLE PURPOSE 55,000

PRIMARY CHILDREN'S MEDICAL CENTER FOUNDATION

100 NORTH MARIO CAPECCHI DRIVE
SALT LAKE CITY,UT84113 		NONE PC GENERAL CHARITABLE PURPOSE 700

SALVATION ARMY

2615 GRANT AVE
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 200

SEAGER MEMORIAL CLINIC

2775 WALL AVE
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 10,000

SOUTH ODGEN POLICE DEPARTMENT

3950 ADAMS AVE 1
OGDEN,UT84403 		NONE PC GENERAL CHARITABLE PURPOSE 1,000

ST JOSEPH CATHOLIC SCHOOL

1790 LAKE ST
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 500

TINY PAWS RESCUE INC

262 WEST 800 NORTH
BRIGHAM CITY,UT84302 		NONE PC GENERAL CHARITABLE PURPOSE 500

TRUE HEARTS FOR HEALING PAWS RESCUE

MAIN STREET
TAYLORSVILLE,UT84129 		NONE PC GENERAL CHARITABLE PURPOSE 2,000

TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		NONE PC GENERAL CHARITABLE PURPOSE 1,500

UINTAH ELEMENTARY SCHOOL

1571 E 1300 S
SALT LAKE CITY,UT84105 		NONE PC GENERAL CHARITABLE PURPOSE 3,350

UNITED WAY OF NORTHERN UTAH

2955 HARRISON BLVD
OGDEN,UT84403 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

US NAVY MEMORIAL FUND

701 PENNSYLVANIA AVE NW
WASHINGTON,DC20004 		NONE PC GENERAL CHARITABLE PURPOSE 400

UTAH STATE UNIVERSITY

OLD MAIN HILL
LOGAN,UT84322 		NONE PC GENERAL CHARITABLE PURPOSE 2,000

WEBER COUNTY HERITAGE FOUNDATION

2580 JEFFERSON AVE
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 1,000

WEBER COUNTY LIBRARY

2464 JEFFERSON AVE
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 11,000

WEBER SCHOOL DISTRICT FOUNDATION

5320 ADAMS AVE PKWY
WASHINGTON TERRACE,UT84405 		NONE PC GENERAL CHARITABLE PURPOSE 3,000

WEBER STATE UNIVERSITY

3848 HARRISON BLVD
OGDEN,UT84408 		NONE PC GENERAL CHARITABLE PURPOSE 1,660,443

WEBERMORGAN CHILDREN'S JUSTICE CENTER

2408 VAN BUREN AVE
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 2,000

WORLD WAR II MUSEUM

945 MAGAZINE STREET
NEW ORLEANS,LA70130 		NONE PC GENERAL CHARITABLE PURPOSE 200

YMCA

675 EAST 2100 SOUTH SUITE 200
SALT LAKE CITY,UT84106 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

YOUR COMMUNITY CONNECTION

700 E 1ST ST 700A
ALAMOGORDO,NM88310 		NONE PC GENERAL CHARITABLE PURPOSE 30,000

LIVE HANNAH'S HOPE

7328 E 1450 N
HUNTSVILLE,UT84317 		NONE PC GENERAL CHARITABLE PURPOSE 1,000

TRI-CITY EXCHANGE

2067 NORTH WASHINGTON BLVD
OGDEN,UT84414 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

UTAH DEBATE COMMISSION

PO BOX 581491
SALT LAKE CITY,UT84158 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

WASATCH WARD

1455 S 1700 E
SALT LAKE CITY,UT84105 		NONE PC GENERAL CHARITABLE PURPOSE 3,000

WEBER COUNTY ANIMAL SHELTER

1373 FAIRGROUNDS DR
OGDEN,UT84404 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

BALLET WEST

52 W 200 S
SALT LAKE CITY,UT84101 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

BOYS AND GIRLS CLUB OF NORTHERN UTAH

650 E 700 S
BRIGHAM CITY,UT84302 		NONE PC GENERAL CHARITABLE PURPOSE 50,000

RED BARN ACADEMY

1200 RED BARN LN
FARMINGTON,UT84025 		NONE PC GENERAL CHARITABLE PURPOSE 16,000

RODS HEROES

2901 W BLUE GRASS BLVD STE 320
LEHI,UT84043 		NONE PC GENERAL CHARITABLE PURPOSE 500

TRAILS FOUNDATION OF NORTHERN UTAH

298 24TH ST STE 325
OGDEN,UT84401 		NONE PC GENERAL CHARITABLE PURPOSE 5,000

UTAH FOOD BANK

3150 S 900 W
SOUTH SALT LAKE,UT84119 		NONE PC GENERAL CHARITABLE PURPOSE 200

UTAH YOUTH ORCHESTRAS & ENSEMBLES

PO BOX 58168
SALT LAKE CITY,UT84158 		NONE PC GENERAL CHARITABLE PURPOSE 4,000
Total .................................right arrow 3a 2,395,543
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 1,002,509  
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 ............ 		    18 202,325  
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 1,204,834 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,204,834
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
DONNELL B & ELIZABETH D STEWART
EDUCATION FOUNDATION
Employer identification number

87-6179880
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
DONNELL B & ELIZABETH D STEWART
EDUCATION FOUNDATION 		Employer identification number
87-6179880
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
STEWART-GOODLIFFE SPECIAL TRUST DATED 3301989
 
PO BOX 231
 
OGDEN, UT84403

$ 247,375


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
DONNELL B & ELIZABETH D STEWART
EDUCATION FOUNDATION 		Employer identification number

87-6179880
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
DONNELL B & ELIZABETH D STEWART
EDUCATION FOUNDATION 		Employer identification number

87-6179880
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
DONNELL B & ELIZABETH D STEWART
 
EDUCATION FOUNDATION
EIN:
87-6179880
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 4,050 2,025   2,025

TY 2023 InvestmentsCorpBondsSchedule
Name:
DONNELL B & ELIZABETH D STEWART
 
EDUCATION FOUNDATION
EIN:
87-6179880
Name of Bond End of Year Book Value End of Year Fair Market Value
HOME DEPOT INC 2.7 COUPON 12,354 0
JOHN DEERE CAP CORP BOND 03/03/25 5.150 03/03/25 202,056 201,093
FEDERAL HOME LOAN BANKS CONS 5.3% PURC 230,000 PAR @ 100.0 FEDERAL HOME LN B 230,000 229,313
FEDERAL HOME LOAN BANK 250,000 PAR @ 100.0 FEDERAL HOME LOAN BANK 8/16/23 6. 250,000 248,979
FEDERAL HOME LOAN BANKS FEDERAL HOME LOAN BANKS AGENCIES 6.00 COUPON 330,000 329,711
FIFTH THIRD BANCORP 04/06 PURC 15,000 PAR @ 101.323 FIFTH THIRD BANCORP 10.2 350,022 363,346
VMWARE INC SR GLBL 2.950% 379,103 351,068
COCA COLA CO SR GLBL 1.750% 415,314 390,966
CATERPILLAR FINANCIAL SRVCS 2.150% 417,660 379,286
ORACLE CORP 2.250% 424,200 391,972
PAYPAL HOLDINGS INC 1.65 COUPON 427,836 396,155
ALPHABET INC SR GLBL 1.998% 428,807 387,356
VERIZON COMMUNICATIONS INC 1.450% 429,180 396,047
JPMORGAN CHASE & CO 2.301% 430,662 404,425
CITIGROUP INC 1.462% 432,064 398,246
GOLDMAN SACHS GROUP INC SR GLBL 2.600% 437,443 378,217
WALT DISNEY CO SR GLBL 2.000% 437,710 386,130
KEYCORP MEDIUM TERM NTS 2.250% 438,175 382,966
INTERCONTINENTAL EXCHANGE INC 2.100% 440,483 440,483
INTEL CORP SR GLBL 440,593 382,926
MORGAN STANLEY 1.593% 441,122 405,584
BANK OF AMERICA CORP 2.087% 442,301 388,149
STARBUCKS CORP SR GLBL 2.250% 442,658 386,632
SALESFORCE.COM INC 1.500% 443,514 396,288
AT&T INC 2.3 COUPON 448,720 399,486

TY 2023 InvestmentsCorpStockSchedule
Name:
DONNELL B & ELIZABETH D STEWART
 
EDUCATION FOUNDATION
EIN:
87-6179880
Name of Stock End of Year Book Value End of Year Fair Market Value
DANAHER CORP DEL COMMON 0 373,614
ACCENTURE LTD BERMUDA CL A 875 7,018
DEERE & COMPANY 20,471 53,982
DATADOG INC 24,051 30,345
ADOBE INC 25,292 326,340
FORTIVE CORP COM 26,178 60,008
FORD MOTOR COMPANY NEW 29,382 25,172
HASBRO INC 30,475 17,871
LULULEMON ATHLETICA INC 30,671 38,858
UNITED RENTALS, INC. COMMON STOCK 33,547 33,258
CORNING INC 35,433 31,120
S&P GLOBAL INC 35,563 37,004
MSCI INC CL A 36,161 33,939
PNC FINANCIAL SERVICES GROUP 39,417 94,923
DRAFTKINGS INC 41,168 52,417
OLD DOMINION FREIGHT LINES 43,944 62,421
UNITEDHEALTH GROUP INC 46,772 552,794
ASML HLDG N V N Y REGISTRY SHS NEW2012 47,324 74,935
POOL CORPORATION COMMON STOCK 49,542 49,839
SHERWIN WILLIAMS 49,837 119,458
THE BOSTON BEER COMPANY, INC. 49,899 43,890
PALO ALTO NETWORKS INC 52,784 80,502
AIR PRODS & CHEMS INC COMMON 53,226 58,046
SHOPIFY INC. 54,604 76,654
CINTAS CORP 55,083 87,386
AMPHENOL CORP CL A 56,904 83,963
COPART INC 58,120 103,292
BOOKING HOLDINGS INC 58,618 85,133
WEST PHARMACEUTICAL SERVICES, INC. 59,412 65,142
LINCOLN ELECTRIC HOLDINGS INC 63,086 96,552
RAYTHEON CO 65,116 122,003
PFIZER INC 65,144 72,781
3M COMPANY 66,826 41,542
LOWES COMPANIES, INC 67,197 115,281
PROGRESSIVE CORP 67,322 93,020
MONOLITHIC POWER SYSTEMS INC 70,283 95,879
CONOCOPHILLIPS COMMON 71,679 212,872
PRUDENTIAL FINANCIAL INC 74,075 72,908
MCDONALDS CORP 74,348 296,510
EATON CORPORATION PLC 75,101 120,892
ALLSTATE CORP 75,666 157,058
STRYKER CORP 75,761 82,352
WALT DISNEY CO 77,509 99,048
DUKE ENERGY CORP NEW COMMON 79,226 108,879
PROCTOR & GAMBLE 80,604 322,388
EXXON MOBIL CORP 82,929 288,142
CONSTELLATION BRANDS INC 84,539 95,250
BERKSHIRE HATHAWAY INC 84,897 155,860
ABBVIE, INC 88,599 163,028
NETFLIX INC COM STOCK 88,618 120,259
ELI LILLY & COMPANY 90,996 97,348
CHEVRON TEXACO CORP 91,283 132,007
CHUBB LIMITED 93,591 141,250
PROLOGIS INC 95,981 111,572
ZOETIS INC 97,440 587,373
COSTCO WHOLESALE 102,951 376,906
SALESFORCE.COM INC COM STOCK 106,499 212,091
HOME DEPOT INC 107,695 207,930
HUNTINGTON BANCSHARES INC 110,267 94,700
INTUITIVE SURGICAL INC 112,603 160,921
META PLATFORMS INC CLA 116,296 243,171
CHIPOTLE MEXICAN GRILL INC, CL A 117,891 180,670
INTUIT INC 120,409 189,384
PAYPAL HOLDINGS INC 121,362 131,786
SERVICENOW, INC. 121,869 239,500
QUALCOMM INC 122,392 238,495
THERMO FISHER SCIENTIFIC INC COM 124,653 350,852
WAL-MART STORES 130,700 142,358
CISCO SYSTEMS 133,537 213,447
SYNOPSYS INC 136,412 161,167
TC ENERGY CORP 140,162 114,026
LOCKHEED MARTIN 140,177 183,562
UNION PACIFIC CORP 143,035 500,574
BROADCOM INC 143,362 433,105
CATERPILLAR INC 144,163 196,916
FIFTH THIRD BANCORP 144,183 123,543
ENBRIDGE INC 144,658 131,185
DOMINION RESOURCES NEW 146,024 93,671
TRUIST FINANCIAL 150,572 153,993
WILLIAMS CO INC 158,173 210,965
NORTHROP GRUMMAN CORP 171,557 191,937
PHILLIP MORRIS INTERNATIONAL INC 177,426 174,801
ECOLAB INC 188,819 178,317
HONEYWELL INTL INC 192,395 244,522
NVIDIA CORP COM 195,973 797,799
JOHNSON & JOHNSON 200,889 354,232
STARBUCKS CORP COMMON 203,949 210,070
MEDTRONIC INC 206,597 165,584
VERIZON COMMUNICATIONS 207,809 163,618
TARGET CORP 211,647 173,468
AMERICAN TOWER CORP REIT 212,034 171,193
TESLA INC COM 215,257 169,960
MERCK & CO INC 226,619 314,741
JP MORGAN CHASE & CO 229,839 486,485
CROWN CASTLE INTL CORP 236,232 159,307
DOW INC COM 239,885 240,911
ALPHABET INC CAP STK CL C 244,990 1,099,254
AMERIPRISE FINL INC COMMON 246,486 333,111
DIGITAL RLTY TR INC 256,850 237,534
PEPSICO INC 259,016 311,316
APPLE INC COMMON 300,892 2,318,254
MICROSOFT CORP 334,068 1,993,012
AMAZON.COM, INC 413,225 1,353,937

TY 2023 InvestmentsGovtObligationsSch
Name:
DONNELL B & ELIZABETH D STEWART
 
EDUCATION FOUNDATION
EIN:
87-6179880
US Government Securities - End of Year Book Value:

3,042,044
US Government Securities - End of Year Fair Market Value:

2,876,980
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
DONNELL B & ELIZABETH D STEWART
 
EDUCATION FOUNDATION
EIN:
87-6179880
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BRITISH AMERICAN TOBACCO PLC FMV 104,371 87,577
FIDELITY INTERNATIONAL BOND INDEX FUND FMV 125,490 122,475
FEDERAL HOME LN MTG CORP FEDERAL HOME LN MTG CORP 04/27/23 5.200 04/27/26 OP FMV 200,000 199,585
FEDERAL HOME LOAN BANK FEDERAL HOME LOAN BANK 04/26/23 5.400 04/26/30 OPT CA FMV 200,000 197,811
FEDERAL HOME LN BKS FEDERAL HOME LN BKS 04/21/23 5.450 12/21/26 OPT CALL 07/ FMV 250,000 249,510
FEDERAL HOME LN BKS FEDERAL HOME LN BKS 05/08/23 5.350 11/08/24 OPT CALL 08/ FMV 250,643 249,370
COHEN & STEERS INSTITUTIONAL REALTY FMV 1,282,242 1,122,869
MFS MID CAP VALUE FUND FMV 1,327,419 1,291,145
INVESCO OPPENHEIMER DEVELOPING MARKETS FMV 1,663,989 1,333,875
ISHARES TR CORE S&P MID-CAP ETF FMV 1,742,911 2,429,220
CLEARBRIDGE INTL GROWTH FUND - LM FMV 1,891,270 1,792,397
TOUCHSTONE SANDS CAPITAL FMV 2,055,690 1,418,294
T ROWE PRICE MID CAP GROWTH FUND FMV 2,535,000 2,027,393
AMERICAN FUNDS EUROPAC GROWTH FMV 2,750,000 2,819,422
VANGUARD SMALL CAP INDEX ADMIRAL SHARES FMV 2,906,900 3,263,555

TY 2023 OtherIncreasesSchedule
Name:
DONNELL B & ELIZABETH D STEWART
 
EDUCATION FOUNDATION
EIN:
87-6179880
Description Amount
UNREALIZED GAIN ON STOCK CONTRIBUTIONS 1,332,679
UNREALIZED GAIN ON OTHER STOCK 11,820


TY 2023 OtherProfessionalFeesSchedule
Name:
DONNELL B & ELIZABETH D STEWART
 
EDUCATION FOUNDATION
EIN:
87-6179880
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 41,789 41,789   0


TY 2023 TaxesSchedule
Name:
DONNELL B & ELIZABETH D STEWART
 
EDUCATION FOUNDATION
EIN:
87-6179880
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 19,415 19,415   0