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
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 07-01-2022 , and ending 06-30-2023
Name of foundation
SPENCER F AND CLEONE P ECCLES FAMILY
FOUNDATION C/O HANNAH ELDREDGE
Number and street (or P.O. box number if mail is not delivered to street address)79 S MAIN ST 13TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALT LAKE CITY, UT84111
A Employer identification number

87-6227329
B Telephone number (see instructions)

(801) 246-5331
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$21,071,608J Accounting method:
Modified Cash Basi
(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) 859,029
2 Check right arrow.............
3 Interest on savings and temporary cash investments 17,053 17,053  
4 Dividends and interest from securities... 106,297 106,297  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 44,758
b Gross sales price for all assets on line 6a 4,546,158
7 Capital gain net income (from Part IV, line 2)... 897,877
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
560,993 436,624  
12 Total. Add lines 1 through 11........ 1,588,130 1,457,851  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 21,000 0   21,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,644 0   3,644
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,600 15,450   5,150
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
162,635 121,976   40,659
17 Interest............... 2,233 2,233   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
52,624 21,592   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 13,173 0   13,173
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
344,108 315,119   14,160
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 620,017 476,370   97,786
25 Contributions, gifts, grants paid....... 129,075 129,075
26 Total expenses and disbursements. Add lines 24 and 25 749,092 476,370   226,861
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 839,038
b Net investment income (if negative, enter -0-) 981,481
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 709,180 292,565 292,565
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow   59,092 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 112,276 Click to see attachment
List of Attached Documents:
// Content
874,929 		874,929
b Investments—corporate stock (attach schedule)....... 4,117,306 Click to see attachment
List of Attached Documents:
// Content
4,613,471 		4,613,471
c Investments—corporate bonds (attach schedule)....... 92,450 Click to see attachment
List of Attached Documents:
// Content
134,558 		134,558
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).......... 11,747,999 Click to see attachment
List of Attached Documents:
// Content
21,272,728 		15,156,085
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) 16,838,303 27,188,251 21,071,608
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........ 16,637,602 16,637,602
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 200,701 10,550,649
29 Total net assets or fund balances (see instructions)..... 16,838,303 27,188,251
30 Total liabilities and net assets/fund balances (see instructions). 16,838,303 27,188,251
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
16,838,303
2
Enter amount from Part I, line 27a .....................
2
839,038
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
9,510,910
4
Add lines 1, 2, and 3 ..........................
4
27,188,251
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
27,188,251
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b PASSTHROUGH CAPITAL GAINS/LOSSES - NON-UBI P    
c PASSTHROUGH CAPITAL GAINS/LOSSES - UBI P    
d CAPITAL GAINS DIVIDENDS P    
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 4,463,506   3,441,464 1,022,042
b     201,681 -201,681
c 5,136   5,136 0
d 77,516     77,516
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       1,022,042
b       -201,681
c       0
d       77,516
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 2 897,877
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  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
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 13,643
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 13,643
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 13,643
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 11,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 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 17,357
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow17,357 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowUT
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? 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
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
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 arrowHANNAH ELDREDGE Telephone no.right arrow (801) 532-0934

Located atright arrow79 S MAIN STREET 13TH FLOORSALT LAKE CITYUT ZIP+4right arrow84111
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 2022, 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
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
SPENCER ECCLES CHAIR/TRUSTEE/COMMITTEE ME
1.00 		0 0 0
79 SOUTH MAIN 13TH FLOOR
SALT LAKE CITY,UT84111
LISA ECCLES TRUSTEE/COMMITTEE MEMBER
1.00 		0 0 0
79 SOUTH MAIN 13TH FLOOR
SALT LAKE CITY,UT84111
C HOPE ECCLES TRUSTEE/COMMITTEE MEMBER
1.00 		0 0 0
79 SOUTH MAIN 13TH FLOOR
SALT LAKE CITY,UT84111
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 (2022)
Form 990-PF (2022)
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 (2022)
Form 990-PF (2022)
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
4,750,635
b
Average of monthly cash balances.......................
1b
490,280
c
Fair market value of all other assets (see instructions)................
1c
15,156,085
d
Total (add lines 1a, b, and c).........................
1d
20,397,000
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
6,116,643
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
20,397,000
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
305,955
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
20,091,045
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,004,552
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,004,552
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
13,643
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,643
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
990,909
4
Recoveries of amounts treated as qualifying distributions................
4
5,000
5
Add lines 3 and 4............................
5
995,909
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
995,909
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
226,861
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
226,861
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 995,909
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018...... 234,289
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 234,289
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 226,861
a Applied to 2021, 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 2022 distributable amount..... 226,861
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 234,289 234,289
(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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		534,759
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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, 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) 2022 (b) 2021 (c) 2020 (d) 2019
         
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).)
SPENCER ECCLES
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
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

ALF ENGEN SKI MUSEUM FOUNDATION

PO BOX 980187
PARK CITY,UT840980121 		NONE PC GENERAL OPERATING SUPPORT 2,000

AMERICAN CANCER SOCIETY INC

250 WILLIAMS STREET NW
ATLANTA,GA30303 		NONE PC GENERAL OPERATING SUPPORT- SALT LAKE HOPE LODGE 10,000

BALLET WEST

52 WEST 200 SOUTH
SALT LAKE CITY,UT84101 		NONE PC GENERAL OPERATING SUPPORT 2,500

BETA THETA PI FRATERNITY

5134 BONHAM RD
OXFORD,OH450561429 		NONE PC BETA LEADERSHIP FUND AND SPONSORSHIP UTAH CHAPTER - BLUE TIE GALA 2,500

BOYS & GIRLS CLUBS OF GREATER SALT LAKE

PO BOX 57071
MURRAY,UT84157 		NONE PC GENERAL OPERATING SUPPORT 3,000

BRIGHAM YOUNG UNIVERSITY MARRIOTT SCHOOL OF MANAGEMENT

PO BOX 21128
PROVO,UT846021128 		NONE PC SCHOLARSHIPS 5,000

COLUMBIA UNIVERSITY GRADUATE SCHOOL OF BUSINESS

2 WORLD FINANCIAL CTR
NEW YORK,NY102811008 		NONE PC HERMES SOCIETY 5,000

MAYO CLINIC

200 FIRST ST SW
ROCHESTER,MN55902 		NONE PC GREATEST NEED FUND 75

NEIGHBORHOOD HOUSE ASSOCIATION

1050 WEST 500 SOUTH
SALT LAKE CITY,UT84104 		NONE PC GENERAL OPERATING SUPPORT 10,000

SALT LAKE CITY HONORARY COLONELS INC

PO BOX 711082
SALT LAKE CITY,UT841711082 		NONE PC GENERAL OPERATING SUPPORT 500

SNOWBIRD SPORTS EDUCATION FOUNDATION INC

3165 E MILLROCK DR STE 190
SALT LAKE CITY,UT841215571 		NONE PC SPONSORSHIP-SNOW CUP 1,000

STANFORD UNIVERSITY BILL LANE CENTER FOR THE AMERICAN WEST

473 VIA ORTEGA FIRST FLOOR
STANFORD,CA943054225 		NONE PC GENERAL OPERATING SUPPORT 5,000

UNIQUE PROJECT INC

75 BROAD ST
NEW YORK CITY,NY100042415 		NONE PC STEPS ON BROADWAY-CAROL PAUMGARTEN FUND 10,000

UNITED STATES SKI TEAM FOUNDATION

PO BOX 100
PARK CITY,UT840600100 		NONE PC FREESTYLE MOGULS TEAM SUPPORT 1,000

UNITED WAY OF SALT LAKE

257 E 200 S STE 300
SALT LAKE CITY,UT84111 		NONE PC WOMEN UNITED PROGRAM 2,500

UNIVERSITY OF UTAH COLLEGE OF FINE ARTS

375 S 1530 E RM 250
SALT LAKE CITY,UT84112 		NONE GOV SCHOLARSHIPS 2,500

UNIVERSITY OF UTAH CRIMSON CLUB

1825 E SOUTH CAMPUS DRIVE
SALT LAKE CITY,UT84112 		NONE GOV GENERAL OPERATING SUPPORT 2,500

UNIVERSITY OF UTAH DAVID ECCLES SCHOOL OF BUSINESS

1655 CAMPUS CENTER DR
SALT LAKE CITY,UT84112 		NONE GOV MBA SCHOLARSHIPS AND SCHOLARSHIPS 12,500

UNIVERSITY OF UTAH MASTER OF PUBLIC ADMINISTRATION

260 SOUTH CENTRAL CAMPUS DRIVE
SUITE 3050
SALT LAKE CITY,UT84112 		NONE GOV SCHOALRSHIPS 500

UNIVERSITY OF UTAH NATURAL HISTORY MUSEUM OF UTAH

301 WAKARA WAY
SALT LAKE CITY,UT84108 		NONE GOV GENERAL OPERATING SUPPORT 3,000

UNIVERSITY OF UTAH PIONEER THEATER COMPANY

300 1400 E
SALT LAKE CITY,UT84112 		NONE GOV GENERAL OPERATING SUPPORT 2,500

UNIVERSITY OF UTAH SJ QUINNEY COLLEGE OF LAW

383 SOUTH UNIVERSITY ST E
SALT LAKE CITY,UT84112 		NONE GOV GENERAL OPERATING SUPPORT 5,000

UNIVERSITY OF UTAH SKI TEAM

1825 E SOUTH CAMPUS DR
SALT LAKE CITY,UT84112 		NONE GOV GENERAL OPERATING SUPPORT 11,000

UNIVERSITY OF UTAH SPENCER S ECCLES HEALTH SCIENCES LIBRARY

10 N 1900 E
SALT LAKE CITY,UT84112 		NONE GOV GENERAL OPERATING SUPPORT 10,000

UNIVERSITY OF UTAH TENNIS TEAM

1825 E SOUTH CAMPUS DR
SALT LAKE CITY,UT84112 		NONE GOV GENERAL OPERATING SUPPORT 10,000

UNIVERSITY OF UTAH UTAH MUSEUM OF FINE ARTS

410 CAMPUS CENTER DR
SALT LAKE CITY,UT84112 		NONE GOV GENERAL OPERATING SUPPORT 3,500

UTAH SYMPHONYUTAH OPERA

123 WEST SOUTH TEMPLE
SALT LAKE CITY,UT84101 		NONE PC GENERAL OPERATING SUPPORT 5,000

WOUNDED WARRIOR PROJECT INC

4899 BELFORT ROAD SUITE 300
JACKSONVILLE,FL32256 		NONE PC GENERAL OPERATING SUPPORT 1,000
Total .................................right arrow 3a 129,075
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 17,053  
4 Dividends and interest from securities ....     14 106,297  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 439,601  
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000 5,136 18 39,622  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASSTHROUGH UNRELATED BUSINESS INCOME 		523000 112,054      
bDEBT FINANCED PASSTHROUGH INVESTMENT INCOME 523000 9,338      
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 126,528 602,573 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
729,101
(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 (2022)
Form 990-PF (2022)
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 (2022)
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
2022
Name of the organization
SPENCER F AND CLEONE P ECCLES FAMILY
FOUNDATION C/O HANNAH ELDREDGE
Employer identification number

87-6227329
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) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
SPENCER F AND CLEONE P ECCLES FAMILY
FOUNDATION C/O HANNAH ELDREDGE 		Employer identification number
87-6227329
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
SPENCER ECCLES
 
79 SOUTH MAIN 13TH FLOOR
 
SALT LAKE CITY, UT84111

$ 859,029


(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) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
SPENCER F AND CLEONE P ECCLES FAMILY
FOUNDATION C/O HANNAH ELDREDGE 		Employer identification number

87-6227329
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 10,990 SHARES OF GENERAL ELECTRIC STOCK $ 859,029 2022-12-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
SPENCER F AND CLEONE P ECCLES FAMILY
FOUNDATION C/O HANNAH ELDREDGE 		Employer identification number

87-6227329
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) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 20,600 15,450   5,150

TY 2022 InvestmentsCorpBondsSchedule
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Name of Bond End of Year Book Value End of Year Fair Market Value
AERCAP IRELAND CAPITAL LIMITED NOTE 7,830 7,830
ALLY FINL INC NOTE 5.75000% 3,852 3,852
BK OF AMERICA CORP SER L MTN 4.18300% 977 977
BOEING CO NOTE CALL MAKE WHOLE 3,755 3,755
BRITISH TELECOMMUNICATIONS 2,460 2,460
CELANESE US HLDGS LLC NOTE 5,981 5,981
CENOVUS ENERGY INC NOTE CALL MAKE WHOLE 1,832 1,832
CENTENE CORP DEL SER B NOTE 4.62500% 2,761 2,761
CHARTER COMMUNICATIONS OPER 4,903 4,903
CHENIERE ENERGY PARTNERS L P SER B 2,468 2,468
CITIGROUP INC NOTE 3.87500% 03/26/2025 5,018 5,018
COMERICA INC NOTE 2,989 2,989
DEUTSCHE BK AG N Y NOTE 2,962 2,962
DISCOVER FINL SVCS NOTE 4,121 4,121
ENBRIDGE INC MTN CDS- SER 2016-A NOTE 3,710 3,710
ENERGY TRANSFER L P BOND PERPETUAL 6.75000% 2,842 2,842
ENERGY TRANSFER L P NOTE CALL MAKE WHOLE 2,707 2,707
EQUITRANS MIDSTREAM CORP NOTE 3,785 3,785
FIRSTENERGY CORP SER B NOTE 1,687 1,687
FORD MOTOR CREDIT COMPANY NOTE 2,918 2,918
GENERAL ELECTRIC CO BOND PERPETUAL 2,000 2,000
GENERAL MTRS FINL CO INC NOTE 4,311 4,311
GLENCORE FDG LLC BOND REG S 988 988
GOLDMAN SACHS GROUP INC BOND PERPETUAL 943 943
MARKEL CORP BOND PERPETUAL 4,825 4,825
MURPHY OIL CORP NOTE 2,961 2,961
NATWEST GROUP PLC NOTE 3,929 3,929
PPL CAP FDG INC NOTE 883 883
SABINE PASS LIQUEFACTION LLC 3,993 3,993
SEMPRA BOND PERPETUAL 930 930
SM ENERGY COMPANY NOTE 3,885 3,885
SOCIETE GENERALE MTN REG S 3,668 3,668
SOUTHWESTERN ENERGY CO NOTE 2,984 2,984
SPRINT CAP CORP MTN BE NOTE 3,180 3,180
STATE STR CORP BOND PERPETUAL 2,993 2,993
SUZANO AUSTRIA GMBH NOTE CALL MAKE WHOLE 3,202 3,202
TARGA RES CORP NOTE CALL MAKE WHOLE 2,044 2,044
TEVA PHARMACEUTICAL FIN NETH NOTE 2.80000% 6,475 6,475
T-MOBILE US INC NOTE 4,010 4,010
VICI PROPERTIES LP NOTE CALL MAKE WHOLE 2,807 2,807
WARNERMEDIA HLDGS INC NOTE 3,003 3,003
WELLS FARGO &CO BOND PERPETUAL 986 986

TY 2022 InvestmentsCorpStockSchedule
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC 49,681 49,681
ALPHABET INC CAP STK CL A 56,498 56,498
AMERICAN CENTURY SMALL CAP GRWTH CL I 159,454 159,454
ARTISAN INTL VALUE FUND INSTL 866,954 866,954
AT&T INC COM USD1 34,924 34,924
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B 49,445 49,445
BLACKROCK STRATEGIC INCOME OPPRTSI INSTL 637,570 637,570
BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01 27,653 27,653
BROOKFIELD ASSET MANAGEMENT INC 7,799 7,799
BROOKFIELD INFRASTRUCTURE CORP COM SUB VTG SHS CL A 48,759 48,759
CAL MAINE FOODS INC COM NEW 35,190 35,190
CARMAX INC 63,026 63,026
CH ROBINSON WORLDWIDE INC COM USD0.10 40,099 40,099
CHURCH &DWIGHT CO INC COM 27,096 27,096
CUMMINS INC 43,638 43,638
DISCOVER FINANCIAL SERVICES 50,362 50,362
EMERSON ELECTRIC CO 44,381 44,381
FEDERAL FARM CR BKS BOND 5,946 5,946
FEDERAL FARM CR BKS BOND 2,960 2,960
GARTNER INC COM USD0.0005 62,355 62,355
GOLDMAN SACHS GQG PARTNERS INTL OPP I 628,657 628,657
GQG PARTNERS EMERG MARKETS EQ INSTL 291,776 291,776
ISHARES MSCI EAFE ETF 2,302 2,302
ISHARES TR MBS ETF 23,596 23,596
JANUS DETROIT STR TR HENDERSON MTG 36,974 36,974
JANUS DETROIT STR TR HENDRSON AAA CL 5,135 5,135
KEYSIGHT TECHNOLOGIES INC COM USD0.01 WD 18,922 18,922
LAM RESEARCH CORP COM USD0.001 63,643 63,643
MERCK &CO. INC COM 63,695 63,695
MSC INDUSTRIAL DIRECT CO INC 22,352 22,352
NORDSON CORP 21,123 21,123
PEPSICO INC 37,414 37,414
PHILLIPS 66 COM 44,161 44,161
POLEN GROWTH FUND INST'L SHARES 352,816 352,816
PRICE T ROWE GROUPS COM USD0.20 41,223 41,223
SITEONE LANDSCAPE SUPPLY INC COM 20,418 20,418
STANLEY BLACK & DECKER INC 9,950 9,950
TEXAS INSTRUMENTS INC COM USD1.00 45,185 45,185
UNDISCOVERED MGRS BEHAVIOR VALUE CL L 165,195 165,195
UNITED AIRLINES PTC SER 2020-1 CL A 2,138 2,138
UNITEDHEALTH GROUP INC 52,390 52,390
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 2,850 2,850
VISA INC 75,665 75,665
VONTIER CORPORATION COM 75,114 75,114
WARNER BROS DISCOVERY INC COM SER A 6,170 6,170
WATSCO INC 142,460 142,460
WELLS FARGO CO NEW COM 48,357 48,357

TY 2022 InvestmentsGovtObligationsSch
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
US Government Securities - End of Year Book Value:

874,929
US Government Securities - End of Year Fair Market Value:

874,929
State & Local Government Securities - End of Year Book Value:


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


0


TY 2022 InvestmentsOtherSchedule2
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CARLYLE GLOBAL FINANCIAL SERVICES AT COST 5,883 5,883
CORSAIR III AND 4C GPS I, II, & III AT COST 133,126 133,126
CRC BOND OPPORTUNITY TRADING FUND AT COST 605,481 605,481
CYNOSURE AVALON BUILDGROUP AT COST 458,233 458,233
CYNOSURE AVALON HOLDINGS AT COST 3,354,361 2,180,000
CYNOSURE FENWAY SUMMER AT COST 1,327,785 863,000
CYNOSURE FERNWEH AND CYNOSURE III AT COST 19,803 19,803
CYNOSURE GPS AT COST 1,121,195 759,000
CYNOSURE INVESTMENT PARTNERS AT COST 8,915,161 6,062,000
CYNOSURE PARTNERS 2020 CO-INV AT COST 755,578 755,578
CYNOSURE PARTNERS 2020 LP AT COST 2,017,103 1,392,000
CYNOSURE WEALTH PARTNERS AT COST 1,819,038 1,182,000
GMP LOAN AT COST 100,000 100,000
SORENSON CAPITAL PARTNERS II AT COST 534,322 534,322
WINDMILL INVESTMENTS LIMITED AT COST 105,659 105,659

TY 2022 LegalFeesSchedule
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 3,644 0   3,644


TY 2022 OtherExpensesSchedule
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 6,052 0   6,052
OFFICE SUPPLIES AND EXPENSES 1,500 0   1,500
MISCELLANEOUS 613 0   0
PASSTHROUGH EXPENSES-UBI 1,744 0   0
PASSTHROUGH EXPENSES-SECTION 179 1,193 0   0
PASSTHROUGH EXPENSES-NONDUCTIBLE 11,279 0   0
PASSTHROUGH EXPENSES-CHARITABLE 6,608 0   6,608
PASSTHROUGH EXPENSES-OTHER 315,119 315,119   0


TY 2022 OtherIncomeSchedule2
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH INVESTMENT INCOME 420,424 420,424 420,424
TAX EXEMPT PASSTHROUGH INCOME 2,977 0 2,977
OTHER INCOME 16,200 16,200 16,200
PASSTHROUGH UNRELATED BUSINESS INCOME 112,054   112,054
DEBT FINANCED PASSTHROUGH INVESTMENT INCOME 9,338   9,338


TY 2022 OtherIncreasesSchedule
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Description Amount
UNREALIZED GAINS / (LOSSES) 9,510,910


TY 2022 OtherProfessionalFeesSchedule
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 36,343 27,257   9,086
MANAGEMENT FEES 22,800 17,100   5,700
INVESTMENT ADVISORY FEES 103,492 77,619   25,873


TY 2022 ReductionExplanationStatement
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Explanation:
THE FOLLOWING DETAILS ARE FOR THE ASSET GROUP OF NON-CONTROLLING INTERESTS IN 6 PRIVATE INVESTMENT HOLDING ENTITIES INCLUDED IN 'INVESTMENTS - OTHER' ON PART II OF THE 990-PF. THE CUMULATIVE INVESTORS' CAPITAL ACCOUNT STATEMENTS FOR THE ASSET GROUP AT JUNE 30, 2023 WAS $18,554,643 AND WAS NOT A CLEAR REFLECTION OF FAIR MARKET VALUE. THE DISCOUNT BEING CLAIMED FOR LACK OF MARKETABILITY AND LACK OF CONTROL IS $6,116,643.FAIR MARKET VALUE OF $12,438,000 IS SUPPORTED BY AN INDEPENDENT VALUATION REPORT DATED OCTOBER 19, 2023.A VALUATION REPORT WAS OBTAINED FOR THE PURPOSE OF DETERMINING FAIR MARKET VALUE IN COMPLIANCE WITH THE FIVE PERCENT DISTRIBUTION RULE UNDER SECTION 4942. THE ADJUSTMENTS CONFORM TO USPAP AND HAVE APPLIED APPROPRIATE ADJUSTMENTS FOR LACK OF CONTROL AND LACK OF MARKETABILITY IN ARRIVING AT FAIR MARKET VALUE.

TY 2022 TaxesSchedule
Name:
SPENCER F AND CLEONE P ECCLES FAMILY
 
FOUNDATION C/O HANNAH ELDREDGE
EIN:
87-6227329
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 31,032 0   0
STATE TAX 21,390 21,390   0
FOREIGN TAXES 202 202   0