TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
Nora Eccles Treadwell Charitable Trust

Number and street (or P.O. box number if mail is not delivered to street address)79 South Main 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

94-2566167

B Telephone number (see instructions)

(801) 532-0934

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$93,933,967J Accounting method: Cash Accrual
Other (specify)Modified Cash Basi
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	1,485		1,485
4	Dividends and interest from securities...	894,901		894,901
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,536,072
b	Gross sales price for all assets on line 6a 21,711,180
7	Capital gain net income (from Part IV, line 2)...			1,533,776
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).......	List of Attached Documents: // Content	3,033,306	3,160,782
12	Total. Add lines 1 through 11........	5,465,764		5,590,944
13	Compensation of officers, directors, trustees, etc.	60,000		0	60,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	19,196	0	19,196
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	36,510	0	36,510
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	692,039	692,039	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	585,539	45,539	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,184,935	1,155,919	26,400
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,578,219		1,893,497	142,106
25	Contributions, gifts, grants paid.......	3,762,144			3,762,144
26	Total expenses and disbursements. Add lines 24 and 25	6,340,363		1,893,497	3,904,250
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-874,599
b	Net investment income (if negative, enter -0-)			3,697,447
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	3,135,259	3,407,905	3,407,905
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	List of Attached Documents: // Content 4,367,621	4,367,621
	b	Investments—corporate stock (attach schedule).......	27,786,621	List of Attached Documents: // Content 28,401,441	28,401,441
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	76,737,099	List of Attached Documents: // Content 80,843,051	57,757,000
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 660,000	List of Attached Documents: // Content 0	List of Attached Documents: // Content 0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	108,318,979	117,020,018	93,933,967
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	108,318,979	117,020,018
	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).....	108,318,979	117,020,018
	30	Total liabilities and net assets/fund balances (see instructions).	108,318,979	117,020,018

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

108,318,979

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

-874,599

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

List of Attached Documents:

// Content

9,575,638

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

117,020,018

Decreases not included in line 2 (itemize) right arrow

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

117,020,018

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly Traded Stock
b	Passthrough LTCG	P
c	Passthrough STCG	P
d	CRC Bond Oppty Trading Fund (Cayman) LP	P	2021-07-01	2023-11-01
e	Owl Creek Credit Opp Fund Ltd	P	2021-10-29	2023-08-30
	Owl Creek Credit Opp Fund Ltd	P	2021-10-29	2023-11-30
	Passthrough LTCG - UBI	P
	Passthrough STCG - UBI	P
	Capital Gains Dividends	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	15,058,093	13,899,264	1,158,829
b	101,281		101,281
c	21,016		21,016
d	4,182,341	3,900,000	282,341
e	1,121,118	1,187,500	-66,382
	1,090,634	1,187,500	-96,866
			0
	3,140	3,140	0
	133,557		133,557

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			1,158,829
b			101,281
c			21,016
d			282,341
e			-66,382
			-96,866
			0
			0
			133,557

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,533,776
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	51,395
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	51,395
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	51,395
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	283,184
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	283,184
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	231,789
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax151,789	Refunded	11	80,000

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

Hannah Eldredge Telephone no. right arrow

(801) 532-0934

Located at right arrow

79 South Main 13th FloorSalt Lake CityUT ZIP+4 right arrow

84111

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

Yes

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

Yes

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

List of Attached Documents:

// Content

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
Spencer Eccles	Trustee 3.00	30,000
79 S Main St 13th Floor Salt Lake City,UT84111	Trustee 3.00	30,000
Katie Eccles	Trustee 3.00	30,000
79 S Main St 13th Floor Salt Lake City,UT84111	Trustee 3.00	30,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
Fidelity Brokerage Services LLC	Investment Services	681,831
PO Box 28019 Albuquerque,NM87125	Investment Services	681,831

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

29,862,803

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

2,081,652

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

57,757,000

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

89,701,455

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

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

23,086,051

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

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

89,701,455

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

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

1,345,522

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

88,355,933

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

4,417,797

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

4,417,797

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

51,395

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

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

51,395

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

4,366,402

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

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

4,366,402

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

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

4,366,402

Part XI

Qualifying Distributions (see instructions)

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

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

3,904,250

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

3,904,250

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					4,366,402
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	822,228
b From 2019......	930,413
c From 2020......	455,474
d From 2021......
e From 2022......	1,004,865
f Total of lines 3a through e ........		3,212,980
4Qualifying distributions for 2023 from Part
XI, line 4: $ 3,904,250
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					3,904,250
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		462,152			462,152
(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		2,750,828
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		360,076
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		2,390,752
10 Analysis of line 9:
a Excess from 2019....	930,413
b Excess from 2020....	455,474
c Excess from 2021....
d Excess from 2022....	1,004,865
e Excess from 2023....

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
The Nora Eccles Treadwell Foundation 1004 B OReilly Avenue San Francisco,CA94129	None	PF	primarily in support of medical research and organizations performing medical research	3,762,144
Total ................................. 3a				3,762,144

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	1,485
4 Dividends and interest from securities ....			14	894,901
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	3,033,306
8 Gain or (loss) from sales of assets other than inventory ............	523000	2,296	18	1,533,776
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) ..		2,296		5,463,468	0

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

5,465,764

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	36,510	0		36,510

- TIN:

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

TY 2023 ExpenditureResponsibilityStmt

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
The Nora Eccles Treadwell Foundation	1004 B OReilly Ave San Francisco,CA94129	2022-12-13	2,940,661	Charitable contributions to qualified non-profit entities	2,940,661	None	Open	2024-10-28	$2,195,800 was distributed in 2022 with the remaining $744,861 as part of Medical Research Grants distributed in June 2024
The Nora Eccles Treadwell Foundation	1004 B OReilly Ave San Francisco,CA94129	2023-06-14	2,900,000	Charitable contributions to qualified non-profit entities	2,900,000	None	Open	2024-10-28	Fully distributed as part of Medical Research Grants distributed in June 2024
the Nora Eccles Treadwell Foundation	1004 B OReilly Ave san Francisco,CA94129	2023-11-30	862,144	Charitable contributions to qualified non-profit entities	267,939	None		2024-10-28	of the $862,144, $267,939 was satisfied as part of the Medical Research Grants distributed in June 2024

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AIRBNB INC COM CL A	94,753	94,753
ABBOTT LABORATORIES	82,663	82,663
ACADIA HEALTHCARE COMPANY INC COM	8,476	8,476
ACCENTURE PLC	371,325	371,325
ADOBE INC COM	153,326	153,326
ADMA BIOLOGICS INC	4,954	4,954
AUTODESK INC	77,914	77,914
ALIGN TECHNOLOGY INC COM USD0.0001	22,468	22,468
ALKERMES PLC SHS	5,742	5,742
AMYLYX PHARMACEUTICALS INC COM	1,914	1,914
AMAZON.COM INC	375,444	375,444
ARTISAN INTL VALUE FUND INSTL	4,693,145	4,693,145
ANTERO RESOURCES CORP COM	9,730	9,730
ARES CAPITAL CORP COM	461,689	461,689
ARCUTIS BIOTHERAPEUTICS INC COM	594	594
ALPHATEC HLDGS INC COM NEW	9,232	9,232
APTARGROUP INC	6,844	6,844
ATS CORPORATION COM NPV ISIN #CA00217Y1043 SEDOL #BP8JT73	3,704	3,704
AVIDXCHANGE HOLDINGS INC COM	7,731	7,731
AMERICAN EXPRESS CO COM USD0.20	205,512	205,512
AZEK CO INC CL A	18,398	18,398
BRIDGEBIO PHARMA INC COM	6,621	6,621
BRUNSWICK CORP	6,368	6,368
BIOHAVEN LTD COM NPV	3,809	3,809
TOPBUILD CORP COM	12,725	12,725
BLACKROCK INC COM USD0.01	194,415	194,415
BLACKBAUD INC	6,676	6,676
BROOKFIELD CORPORATION CLASS A LTD VOTING SHS ISIN #CA11271J1075 SEDOL #BPCP	281,877	281,877
BOOT BARN HOLDINGS INC COM USD0.0001	8,444	8,444
BLUEPRINT MEDICINES CORP COM	7,010	7,010
BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01	182,707	182,707
BELLRING BRANDS INC COMMON STOCK	8,536	8,536
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B	250,019	250,019
BLACKROCK STRATEGIC INCOME OPPRTSI INSTL	2,846,200	2,846,200
CACI INTERNATIONAL INC	10,364	10,364
CAL MAINE FOODS INC COM NEW	217,479	217,479
COMMERCE BANCSHARES INC	4,363	4,363
CEREVEL THERAPEUTICS HLDNG INC COM	4,113	4,113
CHURCH &DWIGHT CO INC COM	200,545	200,545
CH ROBINSON WORLDWIDE INC COM USD0.10	177,819	177,819
CIENA CORP	5,896	5,896
CELLDEX THERAPEUTICS INC NEW COM NEW	3,490	3,490
CLEAN HARBORS INC	9,598	9,598
CELESTICA INC SUB VTG SHS ISIN #CA15101Q1081 SEDOL #2263362	5,124	5,124
CUMMINS INC	208,836	208,836
CENTESSA PHARMACEUTICALS PLC SPON ADS EACH REPR 1 ORD SHS	1,489	1,489
COPART INC COM USD0.0001	140,091	140,091
CREDO TECHNOLOGY GROUP HOLDING LTD COM USD0.00005	8,080	8,080
SALESFORCE INC COM	127,886	127,886
CROCS INC	4,017	4,017
CYBERARK SOFTWARE LTD COM ILS0.01	9,638	9,638
CYTOKINETICS INC	8,266	8,266
DONNELLEY FINL SOLUTIONS INC COM	8,857	8,857
NOW INC	8,773	8,773
DOUBLEVERIFY HLDGS INC COM	7,650	7,650
EVENTBRITE INC COM CL A	8,435	8,435
ENCOMPASS HEALTH CORP COM	6,605	6,605
E L F BEAUTY INC COM	9,671	9,671
EMERSON ELECTRIC CO	233,357	233,357
ELEMENT SOLUTIONS INC COM	11,265	11,265
EVOLENT HEALTH INC CL A	9,050	9,050
EVERCORE INC CLASS A	5,704	5,704
EUROPEAN WAX CTR INC CLASS A COM	4,485	4,485
EDGEWISE THERAPEUTICS INC COM	1,543	1,543
EAGLE MATLS INC COM	4,476	4,476
FIRST ADVANTAGE CORP NEW COM	4,595	4,595
FORTUNE BRANDS INNOVATIONS INC CO	8,478	8,478
FTI CONSULTING INC	4,381	4,381
FIVE9 INC COM USD0.001	12,826	12,826
FABRINET COM USD0.01	8,565	8,565
FORMFACTOR INC	3,670	3,670
SHIFT4 PMTS INC CL A	7,285	7,285
JFROG LTD ILS0.01	4,915	4,915
FIRSTSERVICE CORP COM NPV ISIN #CA33767E2024 SEDOL #BJMKSJ5	8,923	8,923
GOLUB CAP BDC INC COM	472,131	472,131
ALPHABET INC CAP STK CL C	175,599	175,599
ALPHABET INC CAP STK CL A	319,192	319,192
GQG PARTNERS EMERG MARKETS EQ INSTL	1,657,615	1,657,615
GOOSEHEAD INS INC COM CL A	5,912	5,912
GOLDMAN SACHS GQG PARTNERS INTL OPP I	4,330,098	4,330,098
GUIDEWIRE SOFTWARE INC COM USD0.0001	13,194	13,194
GXO LOGISTICS INCORPORATED COMMON STOCK	8,134	8,134
HALOZYME THERAPEUTICS INC	8,649	8,649
HAYWARD HLDGS INC COM	10,948	10,948
HAMILTON INSURANCE GROUP LTD. COM USD0.01 CL B	2,796	2,796
HAMILTON LANE INC CL A	10,033	10,033
HEALTHEQUITY INC COM	8,685	8,685
IDACORP INC	4,416	4,416
IMMUNOGEN INC	7,146	7,146
INSMED INC	5,764	5,764
GARTNER INC COM USD0.0005	401,939	401,939
INTRA-CELLULAR THERAPIES INC COM	10,242	10,242
JELD-WEN HLDG INC COM	12,801	12,801
J & J SNACK FOODS CORP	7,388	7,388
KEYSIGHT TECHNOLOGIES INC COM USD0.01 WD	245,635	245,635
KORN FERRY COM NEW	6,575	6,575
WK KELLOGG CO COM SHS	5,019	5,019
CARMAX INC	280,408	280,408
KINSALE CAP GROUP INC COM	7,375	7,375
KNIGHT-SWIFT TRANSN HLDGS INC CL A	12,014	12,014
KEROS THERAPEUTICS INC COM	3,896	3,896
KARUNA THERAPEUTICS INC COM	3,482	3,482
KLAVIYO INC COM SER A	2,445	2,445
LITTELFUSE INC	5,924	5,924
ELI LILLY &CO COM	23,317	23,317
LANTHEUS HOLDINGS INC COM USD0.01	7,502	7,502
LOUISIANA-PACIFIC CORP COM USD1.00	7,769	7,769
LAM RESEARCH CORP COM USD0.001	376,627	376,627
STRIDE INC COM	7,184	7,184
LATTICE SEMICONDUCTOR CORP	3,794	3,794
MASTERCARD INCORPORATED CL A	118,996	118,996
MANHATTAN ASSOCIATES INC COM	11,627	11,627
MOODYS CORP COM USD0.01	146,069	146,069
MADRIGAL PHARMACEUTICALS INC COM	2,545	2,545
MGP INGREDIENTS INC	9,578	9,578
MIRION TECHNOLOGIES INC COM CL A	4,695	4,695
MINERALYS THERAPEUTICS INC COM	1,419	1,419
MRC GLOBAL INC COM USD0.01	6,892	6,892
MERCURY SYSTEMS INC	4,352	4,352
MERCK &CO. INC COM	291,920	291,920
MICROSOFT CORP	232,769	232,769
METTLER-TOLEDO INTERNATIONAL INC COM USD0.01	201,351	201,351
MACOM TECH SOLUTIONS HLDGS INC COM	14,221	14,221
MURAL ONCOLOGY PUB LTD CO COM USD0.01	118	118
MURPHY USA INC COM	3,936	3,936
DUCKHORN PORTFOLIO INC COM	3,891	3,891
INARI MED INC COM	8,505	8,505
NCINO INC COM	5,885	5,885
NORDSON CORP	216,025	216,025
NEOGENOMICS INC	8,980	8,980
NETFLIX INC	126,589	126,589
NIKE INC CLASS B COM NPV	41,908	41,908
NEW MOUNTAIN FINANCE CORPORATION COM	462,209	462,209
SERVICENOW INC COM USD0.001	174,503	174,503
NATERA INC COM	14,219	14,219
NOVO NORDISK A/S ADR-EACH CNV INTO 1 CLASS B DKK1	50,897	50,897
NEXTRACKER INC CLASS A COM	11,338	11,338
OLLIES BARGAIN OUTLET HLDGS IN COM	10,017	10,017
ONTO INNOVATION INC COM	10,397	10,397
OPTION CARE HEALTH INC COM NEW	9,197	9,197
VAXCYTE INC COM	7,536	7,536
PEPSICO INC	166,141	166,141
PALOMAR HLDGS INC COM	6,161	6,161
PLANET FITNESS INC CL A	8,030	8,030
PIMCO MORTGAGE OPPOR AND BOND FUND INST	656,665	656,665
POWER INTEGRATIONS INC WHEN ISSUED	10,809	10,809
PROCEPT BIOROBOTICS CORP COM	6,035	6,035
PERFICIENT INC	2,896	2,896
PRICESMART INC	6,669	6,669
PHILLIPS 66	301,798	301,798
PAYCOR HCM INC COM	6,196	6,196
PAYPAL HLDGS INC COM	87,878	87,878
R1 RCM INC COM	8,001	8,001
RADNET INC	5,702	5,702
RYMAN HOSPITALITY PROPERTIES INC	14,853	14,853
TRANSOCEAN LIMITED COM CHF0.10 REG SHS	6,471	6,471
RLI CORP COM USD1.00	4,430	4,430
CONSTRUCTION PARTNERS INC COM CL A	4,787	4,787
ROLLINS INC	125,246	125,246
SCHRODINGER INC COM	4,368	4,368
SI-BONE INC COM	6,192	6,192
SITEONE LANDSCAPE SUPPLY INC COM	219,538	219,538
SJW GROUP COM	7,230	7,230
SKYWARD SPECIALTY INS GROUP IN COM WHEN DISTRIBUTED	6,640	6,640
SILICON LABORATORIES INC	7,143	7,143
SCHNEIDER NATIONAL INC CL B	7,711	7,711
SONOS INC COM	7,679	7,679
SPS COMM INC COM	14,732	14,732
SUMMIT MATLS INC CL A	9,346	9,346
SAVERS VALUE VLG INC COM	8,030	8,030
STANLEY BLACK & DECKER INC	77,867	77,867
AT&T INC COM USD1	162,965	162,965
TENABLE HLDGS INC COM	10,640	10,640
TRIUMPH FINANCIAL INC COM	6,174	6,174
TRANSMEDICS GROUP INC COM	9,551	9,551
THERMO FISHER SCIENTIFIC INC	65,287	65,287
TERRENO REALTY CORP	4,862	4,862
SIXTH STREET SPECIALTY LENDING COM	500,678	500,678
TEXAS INSTRUMENTS INC COM USD1.00	207,467	207,467
UNDISCOVERED MGRS BEHAVIOR VALUE CL L	1,085,978	1,085,978
UNITEDHEALTH GROUP INC	360,198	360,198
VISA INC	374,653	374,653
VONTIER CORPORATION COM	390,718	390,718
VERONA PHARMA SPON ADR EACH REP 8 ORD SHS	2,425	2,425
VENTYX BIOSCIENCES INC COM	301	301
WORKDAY INC COM USD0.001 CL A	58,249	58,249
WELLS FARGO CO NEW COM	272,785	272,785
WEATHERFORD INTL PLC ORD SHS NEW ISIN #IE00BLNN3691 SEDOL #BLNN369	19,370	19,370
WINGSTOP INC COM	13,884	13,884
WATSCO INC	325,486	325,486
EXPRO GROUP HOLDINGS N.V. EUR0.01	11,383	11,383
YETI HLDGS INC COM	3,987	3,987
ZOETIS INC	63,356	63,356

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

US Government Securities - End of Year Book Value:

4,367,621

US Government Securities - End of Year Fair Market Value:

4,367,621

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Owl Creek Credit Opportunity Fund, Ltd.	FMV	2,257,806	1,558,000
Cynosure Fernweh, LLC	FMV	5,119,204	3,907,000
Cynosure Investment Partners LLC	FMV	47,398,931	33,087,000
Cynosure Partners 2020, LP	FMV	12,432,791	9,253,000
Cynosure Partners 2020 Co-Investment, LLC	FMV	6,241,394	4,415,000
MVP Private Markets Fund Class I	FMV	6,641,873	4,623,000
Cynosure Partners III, LP	FMV	751,052	914,000

- TIN:

TY 2023 LegalFeesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal Fees	19,196	0		19,196

- TIN:

TY 2023 OtherAssetsSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
GMP Loan Receivable	660,000

- TIN:

TY 2023 OtherExpensesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Passthrough Deductions	1,158,535	1,155,919		0
Reimburse for Shared Expenses	26,400	0		26,400

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Passthrough Investment Income	2,940,980	3,068,456	2,940,980
Other Interest Income	52,326	52,326	52,326
Passthrough Net Unrelated Business Income	0	0	0
MVP Priv Mkts Side Letter	40,000	40,000	40,000

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Description	Amount
Unrealized Gain / (Loss) - Balance Sheet at Market	9,575,638

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Fees	692,039	692,039		0

- TIN:

TY 2023 ReductionExplanationStatement

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Explanation:

The following details are for the asset group of non-controlling interests in 7 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 December 31, 2023 was $80,843,051 and was not a clear reflection of fair market value. The discount being claimed for Lack of Marketability and Lack of Control is $23,086,051.Fair Market Value of $57,757,000 is supported by an independent valuation report dated September 4, 2024.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.

- TIN:

TY 2023 TaxesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category	Amount	Net Investment Income
Foreign Tax	13,880	13,880
State Taxes	31,659	31,659
Federal Taxes	540,000	0