TY 2024 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

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

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

$102,217,911J 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	757		757
4	Dividends and interest from securities...	998,345		998,345
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,892,251
b	Gross sales price for all assets on line 6a 15,110,866
7	Capital gain net income (from Part IV, line 2)...			1,889,959
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	3,330,009	2,505,630
12	Total. Add lines 1 through 11........	6,221,362		5,394,691
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	2,490	1,776	714
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	84,307	21,076	42,153
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	890,102	890,102	0
17	Interest...............	6,504		6,504	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	103,751	10,167	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	1,182,608	1,115,724	23,760
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,269,762		2,045,349	66,627
25	Contributions, gifts, grants paid.......	4,220,000			4,220,000
26	Total expenses and disbursements. Add lines 24 and 25	6,489,762		2,045,349	4,286,627
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-268,400
b	Net investment income (if negative, enter -0-)			3,349,342
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

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.........	3,407,905	1,238,992	1,238,992
	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)	4,367,621	List of Attached Documents: // Content 5,730,409	5,730,409
	b	Investments—corporate stock (attach schedule).......	28,401,441	List of Attached Documents: // Content 26,549,510	26,549,510
	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)..........	80,843,051	List of Attached Documents: // Content 98,335,063	68,699,000
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	117,020,018	131,853,974	102,217,911
	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 )	List of Attached Documents: // Content 0	List of Attached Documents: // Content 3,745,000
	23	Total liabilities (add lines 17 through 22).........	0	3,745,000
		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........	117,020,018	128,108,974
	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).....	117,020,018	128,108,974
	30	Total liabilities and net assets/fund balances (see instructions).	117,020,018	131,853,974

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

117,020,018

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

-268,400

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

List of Attached Documents:

// Content

11,357,356

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

128,108,974

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 .

128,108,974

Form 990-PF (2024)

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	Passthrough LTCG-UBI	P
e	Passthrough STCG-UBI	P
	Owl Creek Cr OPP Fund Ltd - Liq	P	2021-10-29	2024-05-30
	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	12,617,699	10,649,868	1,967,831
b		193,747	-193,747
c	35,127		35,127
d	331	331	0
e	1,961	1,961	0
	2,228,059	2,375,000	-146,941
	227,689		227,689

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			1,967,831
b			-193,747
c			35,127
d			0
e			0
			-146,941
			227,689

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	1,889,959
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	46,556
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	46,556
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	46,556
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	151,789
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	151,789
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	105,233
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax105,233	Refunded	11	0

Form 990-PF (2024)

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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)

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)

(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 2024? .............

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 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

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 2024 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 2024.) .....................

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 2024? ..

Form 990-PF (2024)

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Spencer Eccles	Trustee 3.00	0	0	0
79 S Main St 13th Floor Salt Lake City,UT84111	Trustee 3.00	0	0	0
Katie Eccles	Trustee 3.00	0	0	0
79 S Main St 13th Floor Salt Lake City,UT84111	Trustee 3.00	0	0	0

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 (2024)

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	890,102
PO Box 28019 Albuquerque,NM87125	Investment Services	890,102
Trove FS LLC	Accounting Services	70,597
2777 Summer St Suite 401 Stamford,CT06905	Accounting Services	70,597

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 (2024)

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

30,330,664

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

2,190,542

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

68,699,000

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

101,220,206

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

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

29,636,063

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

3,754,000

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

97,466,206

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

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

1,461,993

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

96,004,213

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

4,800,211

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

4,800,211

Tax on investment income for 2024 from Part V, line 5 .......

46,556

Income tax for 2024. (This does not include the tax from Part V.) ...

2,945

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

49,501

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

4,750,710

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

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

4,750,710

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

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

4,750,710

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 ..........

4,286,627

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. .......

4,286,627

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7					4,750,710
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......	930,413
b From 2020......	455,474
c From 2021......
d From 2022......	1,004,865
e From 2023......
f Total of lines 3a through e ........		2,390,752
4Qualifying distributions for 2024 from Part
XI, line 4: $ 4,286,627
a Applied to 2023, 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 2024 distributable amount.....					4,286,627
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		464,083			464,083
(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		1,926,669
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 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					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 2019 not applied on line 5 or line 7 (see instructions) ...		466,330
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		1,460,339
10 Analysis of line 9:
a Excess from 2020....	455,474
b Excess from 2021....
c Excess from 2022....	1,004,865
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

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 2024, 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) 2024	(b) 2023	(c) 2022	(d) 2021	(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 (2024)

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	4,220,000
Total ................................. 3a				4,220,000

bApproved for future payment

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

Form 990-PF (2024)

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	757
4 Dividends and interest from securities ....			14	998,345
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 .....	523000	478,360	14	2,525,080
8 Gain or (loss) from sales of assets other than inventory ............	523000	2,292	18	1,889,959
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFederal Tax Refund					326,569
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		480,652		5,414,141	326,569

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

6,221,362

(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.)
11	Tax Refund

Form 990-PF (2024)

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 (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	84,307	21,076		42,153

- TIN:

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

TY 2024 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?	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	2024-11-30	The $2,940,661 was fully distributed as part of Medical Research Grants by 12/31/23
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	2024-11-30	The $2,900,000 was fully distributed as part of Medical Research Grants by 12/31/24
The Nora Eccles Treadwell Foundation	1004 B OReilly Ave San Francisco,CA94129	2023-11-30	862,144	Charitable contributions to qualified non-profit entities	862,144	None	2025-10-13	The $862,144 was fully distributed as part of Medical Research Grants by 12/31/24
The Nora Eccles Treadwell Foundation	1004 B OReilly Ave San Francisco,CA94129	2024-06-04	3,800,000	Charitable contributions to qualified non-profit entities	0
The Nora Eccles Treadwell Foundation	1004 B OReilly Ave San Francisco,CA94129	2024-12-03	420,000	Charitable contributions to qualified non-profit entities	0

- TIN:

TY 2024 GeneralExplanationAttachment

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Identifier	Return Reference	Explanation
De minimis Safe Harbor Election	Part I, Line 1 - Section 1.263(a)-1(f)	The organization is making the de minimis safe harbor election under Reg. Sec. 1.263(a)-1(f)

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AAR CORP	4,535	4,535
NEWAMSTERDAM PHARMA CO NV SHS	1,619	1,619
NETFLIX INC	147,959	147,959
NEOGENOMICS INC	4,812	4,812
NEOGEN CORP COM USD0.16	3,593	3,593
NCINO INC COM	3,862	3,862
NATIONAL STORAGE AFFILIATES	2,194	2,194
NATERA INC COM	7,915	7,915
MSCI INC	111,602	111,602
MOODYS CORP COM USD0.01	117,396	117,396
NORDSON CORP	113,153	113,153
NOVO NORDISK A/S ADR	45,677	45,677
PEPSICO INC	189,929	189,929
PEDIATRIX MEDICAL GROUP INC COM	3,739	3,739
PAYONEER GLOBAL INC COM	3,755	3,755
PAYLOCITY HOLDING CORP	2,194	2,194
PAYCOM SOFTWARE INC COM USD0.01	56,162	56,162
MIRION TECHNOLOGIES INC COM CL A	3,298	3,298
PALOMAR HLDGS INC COM	4,857	4,857
OPTION CARE HEALTH INC COM NEW	3,318	3,318
ONTO INNOVATION INC COM	3,833	3,833
ONESTREAM INC CL A	3,907	3,907
OLLIES BARGAIN OUTLET HLDGS IN COM	3,731	3,731
NUVALENT INC COM	1,800	1,800
ORACLE CORP	163,141	163,141
LAM RESEARCH CORP COM NEW	218,447	218,447
KOSMOS ENERGY LTD COM	6,040	6,040
KNIGHT-SWIFT TRANSN HLDGS INC CL A	5,835	5,835
KNIFE RIVER CORP COMMON STOCK	4,066	4,066
KLAVIYO INC COM SER A	6,351	6,351
KINSALE CAP GROUP INC COM	5,133	5,133
KEYSIGHT TECHNOLOGIES INC COM USD0.01 WD	163,843	163,843
KEROS THERAPEUTICS INC COM	823	823
JELD-WEN HLDG INC COM	3,014	3,014
INTRA-CELLULAR THERAPIES INC COM	2,422	2,422
MINERALYS THERAPEUTICS INC COM	1,059	1,059
LANTHEUS HOLDINGS INC COM USD0.01	4,562	4,562
MICROSOFT CORP	239,412	239,412
METTLER-TOLEDO INTERNATIONAL INC COM USD0.01	134,605	134,605
MERCK &CO. INC COM	200,302	200,302
MASTERCARD INCORPORATED CL A	161,130	161,130
MANHATTAN ASSOCIATES INC COM	2,973	2,973
MADRIGAL PHARMACEUTICALS INC COM	5,246	5,246
MACOM TECH SOLUTIONS HLDGS INC COM	6,755	6,755
LITTELFUSE INC	5,515	5,515
LIFE TIME GROUP HOLDINGS INC COMMON STOCK	3,517	3,517
LEVI STRAUSS &CO NEW CL A COM STK	1,701	1,701
PHILLIPS 66	192,470	192,470
ZOETIS INC	112,584	112,584
UNIFIRST CORP	2,930	2,930
UNDISCOVERED MGRS BEHAVIOR VALUE CL L	578,217	578,217
TWIST BIOSCIENCE CORP COM	3,996	3,996
TRIUMPH FINANCIAL INC COM	5,271	5,271
TRANSOCEAN LIMITED COM CHF0.10 REGISTERED SHS	5,528	5,528
TOPBUILD CORP COM	1,868	1,868
THERMO FISHER SCIENTIFIC INC	122,254	122,254
TEXAS INSTRUMENTS INC COM USD1.00	171,264	171,264
TENABLE HLDGS INC COM	5,868	5,868
TALKSPACE INC COM	2,481	2,481
TALEN ENERGY CORP COM	8,059	8,059
UNITEDHEALTH GROUP INC	254,940	254,940
SURGERY PARTNERS INC COM	2,773	2,773
WORKDAY INC COM USD0.001 CL A	92,633	92,633
WELLS FARGO CO NEW COM	207,042	207,042
WAYSTAR HLDG CORP COM	1,688	1,688
WATSCO INC	238,198	238,198
WARBY PARKER INC CL A COM	4,673	4,673
VONTIER CORPORATION COM	287,104	287,104
VISA INC	393,165	393,165
VIKING THERAPEUTICS INC COM USD0.00001	1,368	1,368
VERRA MOBILITY CORP CL A COM STK	4,280	4,280
VERONA PHARMA SPON ADR EACH REP 8 ORD SHS	2,415	2,415
VERA THERAPEUTICS INC CL A	1,438	1,438
VAXCYTE INC COM	5,157	5,157
PIMCO MORTGAGE OPPOR AND BOND FUND INST	2,491,606	2,491,606
STRIDE INC COM	7,067	7,067
SAFEHOLD INC COM	2,252	2,252
ROLLINS INC	87,787	87,787
RH COM	2,362	2,362
REVOLUTION MEDICINES INC COM	3,018	3,018
REDFIN CORP COM	1,157	1,157
RBC BEARINGS INC. COM USD0.01	8,376	8,376
RAMBUS INC	5,445	5,445
QUINSTREET INC COM USD0.001	5,814	5,814
Q2 HOLDINGS INC	10,669	10,669
PRICESMART INC	4,236	4,236
PRICE T ROWE GROUPS COM USD0.20	153,939	153,939
PLANET FITNESS INC CL A	6,723	6,723
STANLEY BLACK & DECKER INC	42,546	42,546
SKYWARD SPECIALTY INS GROUP	6,924	6,924
SITEONE LANDSCAPE SUPPLY INC COM	117,671	117,671
SILICON LABORATORIES INC	6,459	6,459
SI-BONE INC COM	3,056	3,056
SHOPIFY INC COM NPV CL A	154,072	154,072
SHIFT4 PMTS INC CL A	5,293	5,293
SERVICENOW INC COM USD0.001	157,958	157,958
SCHOLAR ROCK HLDG CORP COM	3,155	3,155
SCHNEIDER NATIONAL INC CL B	4,727	4,727
INTEGER HLDGS CORP COM	5,963	5,963
INTERPARFUMS, INC. COMMON STOCK	5,471	5,471
INSMED INC	5,385	5,385
BRUNSWICK CORP	1,130	1,130
BROOKFIELD CORP CLASS A LTD	301,617	301,617
BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01	132,716	132,716
BRINKER INTERNATIONAL INC	3,704	3,704
BRIDGEBIO PHARMA INC COM	3,787	3,787
BOOT BARN HOLDINGS INC COM USD0.0001	6,984	6,984
BLUEPRINT MEDICINES CORP COM	3,489	3,489
BLACKROCK STRATEGIC INCOME OPPRTSI INSTL	3,209,253	3,209,253
BLACKLINE INC COM	4,496	4,496
BIOHAVEN LTD COM NPV	2,241	2,241
CAE INC COM ISIN #CA1247651088 SEDOL #2162760	5,178	5,178
CAL MAINE FOODS INC COM NEW	294,240	294,240
CONSTRUCTION PARTNERS INC COM CL A	5,573	5,573
COLLIERS INTL GROUP INC SUB-VTG COM NPV	2,314	2,314
COGNEX CORP COM	1,656	1,656
CLIFFWATER CORPORATE LENDING FUND I	2,281,333	2,281,333
CLEAN HARBORS INC	6,444	6,444
CHURCH &DWIGHT CO INC COM	146,680	146,680
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B	237,065	237,065
CHAMPION HOMES INC COM	4,581	4,581
CENTESSA PHARMACEUTICALS PLC	1,625	1,625
CELSIUS HLDGS INC COM NEW	1,370	1,370
CELLDEX THERAPEUTICS INC NEW COM NEW	1,162	1,162
CASELLA WASTE SYSTEMS INC	9,629	9,629
CARPENTER TECHNOLOGY CORP	6,820	6,820
CARMAX INC	222,960	222,960
ALPHABET INC CAP STK CL A	323,349	323,349
ALKERMES PLC SHS	3,135	3,135
ALBANY INTERNATIONAL CORP	7,757	7,757
AIRBNB INC COM CL A	98,426	98,426
AGILYSYS INC	6,717	6,717
ADOBE INC COM	119,619	119,619
ADMA BIOLOGICS INC	4,956	4,956
ADDUS HOMECARE CORP COM USD0.001	2,131	2,131
ACI WORLDWIDE INC	5,918	5,918
ACCENTURE PLC	313,034	313,034
ABBOTT LABORATORIES	123,177	123,177
ALPHABET INC CAP STK CL C	203,390	203,390
ALPHATEC HLDGS INC COM NEW	5,233	5,233
BANCORP INC	5,421	5,421
ATI INC COM USD0.10	4,403	4,403
AT&T INC COM USD1	145,975	145,975
ASPEN AEROGELS INC COM USD0.00001	1,770	1,770
BELLRING BRANDS INC COMMON STOCK	3,390	3,390
ARTISAN INTL VALUE FUND INSTL	3,466,205	3,466,205
ARCUTIS BIOTHERAPEUTICS INC COM	3,037	3,037
APPLIED INDUSTRIAL TECHNOLOGIES INC	2,685	2,685
APPLE INC	150,502	150,502
AMERICAN TOWER CORP NEW COM	203,377	203,377
AMAZON.COM INC	394,244	394,244
COPART INC COM USD0.0001	108,352	108,352
COSTAR GROUP INC	45,102	45,102
GOOSEHEAD INS INC COM CL A	5,468	5,468
GOODRX HLDGS INC COM CL A	3,143	3,143
GOLDMAN SACHS GQG PARTNERS INTL OPP I	3,146,644	3,146,644
GLOBANT SA USD1.20	3,645	3,645
GARTNER INC COM USD0.0005	289,229	289,229
FORTUNE BRANDS INNOVATIONS INC CO	6,318	6,318
FIRSTSERVICE CORP COM NPV	7,290	7,290
FIRST ADVANTAGE CORP NEW COM	4,945	4,945
EXTREME NETWORKS COM	3,448	3,448
GQG PARTNERS EMERG MARKETS EQ INSTL	1,282,414	1,282,414
GRAPHIC PACKAGING HOLDING CO	5,307	5,307
GRID DYNAMICS HLDGS INC CL A	1,512	1,512
INARI MED INC COM	6,585	6,585
IMPINJ INC COM	3,341	3,341
HEXCEL CORP	8,616	8,616
HERC HLDGS INC COM	2,090	2,090
HEALTHEQUITY INC COM	6,621	6,621
EXPRO GROUP HOLDINGS N.V. EUR0.01	5,648	5,648
HAYWARD HLDGS INC COM	9,220	9,220
HAMILTON LANE INC CL A	6,710	6,710
HALOZYME THERAPEUTICS INC	4,112	4,112
H&E EQUIPMENT SERVICES INC	5,905	5,905
GXO LOGISTICS INCORPORATED COMMON STOCK	4,220	4,220
GUIDEWIRE SOFTWARE INC COM USD0.0001	8,598	8,598
HANESBRANDS INC COM USD0.01	3,028	3,028
DONNELLEY FINL SOLUTIONS INC COM	5,018	5,018
DISCOVER FINANCIAL SERVICES	271,177	271,177
CYTOKINETICS INC	1,882	1,882
CUMMINS INC	225,768	225,768
CRINETICS PHARMACEUTICALS INC COM	2,352	2,352
CREDO TECHNOLOGY GROUP HOLDING LTD	6,923	6,923
CYBERARK SOFTWARE LTD COM ILS0.01	5,664	5,664
DUOLINGO INC CL A COM	5,512	5,512
ENCOMPASS HEALTH CORP COM	3,192	3,192
EMERSON ELECTRIC CO	221,141	221,141
E L F BEAUTY INC COM	2,134	2,134
EDGEWISE THERAPEUTICS INC COM	1,949	1,949
ELASTIC N V COM EUR0.01	2,873	2,873
ELI LILLY &CO COM	98,816	98,816
ELEMENT SOLUTIONS INC COM	2,173	2,173

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

US Government Securities - End of Year Book Value:

5,730,409

US Government Securities - End of Year Fair Market Value:

5,730,409

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

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

- TIN:

TY 2024 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
Covariance Offshore Fund	FMV	3,136,522	2,101,000
CP III NSW Co-Investment A LLC	FMV	1,700,000	1,042,000
MVP Private Markets Fund Class I	FMV	7,307,561	5,108,000
Cynosure Fernweh, LLC	FMV	8,565,837	5,752,000
Cynosure Investment Partners LLC	FMV	40,674,448	27,799,000
Cynosure Partners 2020 Co-Inv LLC	FMV	7,168,706	5,443,000
Cynosure Partners 2020, LP	FMV	14,520,571	10,926,000
Cynosure Partners III Co-Inv LLC	FMV	810,147	616,000
Cynosure Partners III, LP	FMV	6,381,471	4,040,000
Cynosure Private Credit Fund, LP	FMV	8,069,800	5,872,000

- TIN:

TY 2024 LegalFeesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal Fees	2,490	1,776		714

- TIN:

TY 2024 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	1,156,208	1,113,084		0
Administrative expenses	26,400	2,640		23,760

- TIN:

TY 2024 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	2,485,080	2,465,630	2,485,080
Other Interest Income	40,000	40,000	40,000
Passthrough Net Unrelated Business Income	478,360	0	478,360
Federal Tax Refund	326,569		326,569

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Description	Amount
Unrealized Gain / (Loss) - Balance Sheet at Market	11,357,356

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Description	Beginning of Year - Book Value	End of Year - Book Value
Line of Credit	0	3,745,000

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	890,102	890,102		0

- TIN:

TY 2024 ReductionExplanationStatement

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Explanation:

The following details are for the asset group of non-controlling interests in 10 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, 2024 was $98,335,063 and was not a clear reflection of fair market value. The discount being claimed for Lack of Marketability and Lack of Control is $29,636,063.Fair Market Value of $68,699,000 is supported by an independent valuation report dated October 13, 2025.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 2024 TaxesSchedule

Name:

Nora Eccles Treadwell Charitable Trust

EIN:

94-2566167

Category	Amount	Net Investment Income
Foreign Tax	10,167	10,167
State Taxes	28,584	0
Federal Taxes	65,000	0