Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE BILL GATTON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1147
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BRISTOL, TN37621
A Employer identification number

62-1266284
B Telephone number (see instructions)

(800) 496-2583
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$1,058,846,106J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 50,316,828
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,743,324 1,743,324  
4 Dividends and interest from securities... 21,454,081 21,454,081  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 23,726,896
b Gross sales price for all assets on line 6a 254,820,737
7 Capital gain net income (from Part IV, line 2)... 23,685,765
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
244,676 307,372  
12 Total. Add lines 1 through 11........ 97,485,805 47,190,542  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,155,166 577,583   577,583
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
860 430   430
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
152,184 76,092   76,092
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,963,354 1,499,000   464,354
17 Interest............... 19,771 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
401,970 0   390
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
38,202 0   38,202
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,731,507 2,153,105   1,157,051
25 Contributions, gifts, grants paid....... 27,136,856 27,136,856
26 Total expenses and disbursements. Add lines 24 and 25 30,868,363 2,153,105   28,293,907
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 66,617,442
b Net investment income (if negative, enter -0-) 45,037,437
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,977,951 8,867,802 8,867,802
2 Savings and temporary cash investments......... 58,660,977 39,598,586 39,598,586
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow2,000,000
Less: allowance for doubtful accounts right arrow0 8,096,316 Click to see attachment
List of Attached Documents:
// Content
2,000,000 		2,000,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 81,520,256 Click to see attachment
List of Attached Documents:
// Content
45,247,300 		45,990,215
b Investments—corporate stock (attach schedule)....... 729,149,651 Click to see attachment
List of Attached Documents:
// Content
835,441,986 		951,568,611
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow2,640,000
Less: accumulated depreciation (attach schedule) right arrow     2,640,000 2,640,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,135,639 Click to see attachment
List of Attached Documents:
// Content
1,016,281 		3,393,940
14 Land, buildings, and equipment: basis right arrow135,239
Less: accumulated depreciation (attach schedule) right arrow   135,239 Click to see attachment
List of Attached Documents:
// Content
135,239 		135,239
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
-4,271,640 		Click to see attachment
List of Attached Documents:
// Content
-4,219,975 		Click to see attachment
List of Attached Documents:
// Content
4,651,713
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 876,404,389 930,727,219 1,058,846,106
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 876,404,389 930,727,219
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)..... 876,404,389 930,727,219
30 Total liabilities and net assets/fund balances (see instructions). 876,404,389 930,727,219
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
876,404,389
2
Enter amount from Part I, line 27a .....................
2
66,617,442
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
943,021,831
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,294,612
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
930,727,219
Form 990-PF (2024)
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 SECURITIES P    
b PEAK CAPITAL PARTNERS LLC P    
c PLAINS ALL AMERICAN PIPELINE LP P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 254,820,737   231,093,841 23,726,896
b     40,463 -40,463
c     668 -668
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       23,726,896
b       -40,463
c       -668
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 23,685,765
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 626,020
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........................... 3 626,020
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- ..... 5 626,020
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 370,119
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 300,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 670,119
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 44,099
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow44,099 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions Click to see attachment
List of Attached Documents:
// Content
.............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.BILLGATTONFOUNDATION.ORG
14
The books are in care ofright arrowJPMORGAN PRIVATE FOUNDATION SERVICE Telephone no.right arrow (800) 496-2583

Located atright arrow390 MADISON AVENUE 14TH FLOORNEW YORKNY ZIP+4right arrow100172513
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
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
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 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.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DANNY L DUNN TRUSTEE
40.00 		650,000 0 0
PO BOX 1147
BRISTOL,TN37621
ROBERT PEEL TRUSTEE & EXECUTIVE DIRECTOR
40.00 		450,000 0 55,166
PO BOX 1147
BRISTOL,TN37621
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
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
JPMORGAN CHASE BANK NA FINANCIAL SERVICES 1,015,675
390 MADISON AVENUE 14TH FLOOR
NEW YORK,NY100172513
BURWIL CONSTRUCTION CONSTRUCTION 531,413
620 LOCUST STREET
BRISTOL,TN37621
TRUIST BANK FINANCIAL SERVICES 520,861
PO BOX 596
RICHMOND,VA23286
ERNST & YOUNG US LLP ACCOUNTING 152,184
200 PLAZA DRIVE
SECAUCUS,NJ07094
FIRST CITIZENS FINANCIAL SERVICES 113,524
4300 SIX FORKS ROAD
RALEIGH,NC27609
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NONE 0
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 NONE 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
928,937,714
b
Average of monthly cash balances.......................
1b
41,956,111
c
Fair market value of all other assets (see instructions)................
1c
10,637,984
d
Total (add lines 1a, b, and c).........................
1d
981,531,809
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
981,531,809
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
14,722,977
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
966,808,832
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
48,340,442
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
48,340,442
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
626,020
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
626,020
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
47,714,422
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
47,714,422
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
47,714,422
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
28,293,907
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
531,413
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
28,825,320
Form 990-PF (2024)
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 47,714,422
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 22,911,700
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 28,825,320
a Applied to 2023, but not more than line 2a 22,911,700
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..... 5,913,620
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 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 .......... 		41,800,802
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (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 or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 e-mail address of the person to whom applications should be addressed:
BILLGATTONFOUNDATIONJPMORGANCOM
C/O JPMORGAN CHASE BANK NA 390
MADISON AVENUE 14TH FL
NEW YORK,NY10017
(212) 464-2334
bThe form in which applications should be submitted and information and materials they should include:
NO OFFICIAL APPLICATION. GRANT REQUESTS SHOULD OUTLINE THE NEEDS AND THE PURPOSES TO WHICH THE FUNDS WILL BE UTILIZED.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE ONLY RESTRICTION IS THAT THE CONTRIBUTION MUST BE MADE TO AN ORGANIZATION, WITHIN THE UNITED STATES OR ANY OF ITS POSSESSIONS, FOR PURPOSES DESCRIBED IN SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE, INCLUDING RELIGIOUS, CHARITABLE, EDUCATIONAL, SCIENTIFIC, TESTING FOR PUBLIC SAFETY, LITERACY OR PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.
Form 990-PF (2024)
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)
aPaid during the year

ALICE LLOYD COLLEGE

100 PURPOSE ROAD
PIPPA PASSES,KY41844 		N/A PC EDUCATION 4,000,000

APPALACHIAN LITERACY INITIATIVE

PO BOX 3283
BRISTOL,TN37625 		N/A PC EDUCATION 43,452

BRISTOL TENNESSEE CITY SCHOOLS

615 MARTIN LUTHER KING JR BLVD
BRISTOL,TN37620 		N/A PC EDUCATION 150,000

KING UNIVERSITY

1350 KING COLLEGE ROAD
BRISTOL,TN37620 		N/A PC EDUCATION 5,574,796

MCCLEAN COUNTY PUBLIC SCHOOLS

410 HIGHWAY 136 EAST
CALHOUN,KY42327 		N/A PC EDUCATION 265,000

UNITED WAY OF BRISTOL

315 8TH STREET
BRISTOL,TN37620 		N/A PC TO SUPPORT THE MISSION OF THE ORGANIZATION 103,608

UNIVERSITY OF KENTUCKY

101 WILLIAM B STURGILL PHILANTHROPY
BUILDING
LEXINGTON,KY405060015 		N/A PC EDUCATION 13,200,000

UNIVERSITY OF VIRGINIA COLLEGE AT WISE

1 COLLEGE AVENUE
WISE,VA24293 		N/A PC EDUCATION 1,800,000

VIRGINIA HIGHLANDS COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

PO BOX 828
ABINGDON,VA24210 		N/A PC EDUCATION 2,000,000
Total .................................right arrow 3a 27,136,856
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
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
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 1,743,324  
4 Dividends and interest from securities ....     14 21,454,081  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 224,449 18 23,502,447  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		901101 -154,596 01 164,014  
bFEDERAL TAX REFUND     01 2,364  
cSTATE TAX REFUND     01 14,830  
dINTEREST FROM LOAN     01 218,064  
e
12 Subtotal. Add columns (b), (d), and (e) .. 69,853 47,099,124 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
47,168,977
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE BILL GATTON FOUNDATION
 
Employer identification number

62-1266284
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE BILL GATTON FOUNDATION
  		Employer identification number
62-1266284
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CM GATTON REVOCABLE TRUST
 
PO BOX 1147
 
BRISTOL, TN37621

$ 50,316,828


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE BILL GATTON FOUNDATION
  		Employer identification number

62-1266284
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 LAND $ 2,640,000 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE BILL GATTON FOUNDATION
  		Employer identification number

62-1266284
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREP FEES 152,184 76,092   76,092

TY 2024 InvestmentsCorpStockSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 166,068 167,172
ABBOTT LABORATORIES 1,356,785 1,400,372
ABBVIE INC 1,281,266 1,276,210
ACCENTURE PLC-CL A 362,733 394,357
ADVANCED MICRO DEVICES INC 1,353,518 1,280,858
ADVANSIX INC 414 228
ALGER WEATH SP GRWTH FUND-Z 3,200,000 2,987,964
ALIBABA GROUP HOLDING-SP ADR 54,485 45,447
ALLEGION PLC 515,607 581,657
ALLSTATE CORP 115,386 204,743
ALPHABET INC 1,486,786 1,498,369
ALPHABET INC-CL A 500,642 761,554
ALPHABET INC-CL C 1,305,944 1,783,661
ALTRIA GROUP INC 121,358 152,268
AMAZON.COM INC 2,989,381 3,975,422
AMCOR PLC 229,812 212,638
AMEREN CORPORATION 149,741 158,224
AMERICAN HONDA FINANCE 1,281,826 1,284,731
AMERN EXPRESS CO 1,191,318 1,198,737
AMPHENOL CORP 1,243,457 1,243,712
AMPHENOL CORP-CL A 73,100 116,607
ANALOG DEVICES INC 1,271,820 1,313,351
AON CORP 1,049,333 1,068,207
APPLE INC 6,496,882 8,406,059
APPLIED MATERIALS INC 273,006 317,942
APPLOVIN CORP-CLASS A 82,875 96,178
ARCHER-DANIELS-MIDLAND CO 189,307 133,423
ARISTA NETWORKS INC 111,943 221,944
ARTHUR J GALLAGHER & CO 251,625 299,178
ARTISAN INTL VAL-INST 35,914,232 38,373,048
ASPEN TECHNOLOGY INC 573,506 747,143
ASTRAZENECA FIN LLC 1,895,946 1,899,320
AUTOMATIC DATA PROCESSING 1,055,926 1,091,301
AUTOZONE INC 105,663 131,282
BENTLEY SYSTEMS INC-CLASS B 996,745 908,549
BERKSHIRE HATHAWAY INC-CL B 724,227 888,882
BIO-TECHNE CORP 383,504 352,659
BJ'S WHOLESALE CLUB HOLDINGS 472,155 539,406
BK OF AMER CORP 2,543,346 2,570,489
BK OF NY MELLON CORP 625,998 657,357
BLACKROCK INC 1,282,260 1,263,169
BLACKSTONE INC 190,180 236,215
BLOCK INC 46,798 45,061
BOOKING HOLDINGS INC 73,489 94,400
BOYLE BANCORP INC 38,585 36,858
BP CAP MARKETS AMER 1,054,311 1,070,427
BRIGHT HORIZONS FAMILY SOLUT 473,284 547,599
BROADCOM INC 742,771 1,464,533
BROWN-FORMAN CORP 1,050,268 1,075,974
CHARLES RIVER LABORATORIES 620,122 561,184
CHEMED CORP 483,904 483,707
CHEVRON CORP 176,212 168,594
CHINA HIGH PRECISION AUTOMATION GRP 0 394
CHIPOTLE MEXICAN GRILL INC 34,174 53,727
CHOICE HOTELS INTL INC 594,144 678,522
CHURCH & DWIGHT CO INC 1,269,225 1,296,466
CIGNA GROUP/THE 1,052,965 1,122,089
CISCO SYSTEMS INC 1,306,491 1,343,212
CITIGROUP INC 1,256,995 1,289,017
CME GROUP INC 176,001 218,761
CMS ENERGY CORP 134,541 149,163
COCA COLA CO 1,724,077 1,741,851
COCA-COLA CO 248,750 223,264
COLGATE-PALMOLIVE CO 1,431,032 1,384,778
COMCAST CORP 1,174,760 1,218,877
COMM SERV SELECT SECTOR SPDR 2,714,823 3,128,899
COMWLTH EDISON CO 1,053,259 1,092,696
CONDUCTOR GLOBAL EQ VAL ETF 1,254,293 1,210,515
CONOCOPHILLIPS 364,169 336,781
CONSUMER DISCRETIONARY SELT 2,674,901 3,271,023
CONSUMER STAPLES SPDR 2,573,144 2,433,766
COOPER COS INC/THE 844,125 842,171
COSTCO WHOLESALE CORP 1,748,668 1,881,907
CSX CORP 964,112 956,571
DANAHER CORP 167,259 178,360
DEERE & CO 1,093,389 1,114,007
DEL IVY MID CAP INC OPPORT-I 3,371,990 2,874,858
DODGE & COX INCOME-I 38,292,196 38,298,386
DOORDASH INC - A 123,718 195,261
DR HORTON INC 336,060 294,741
DUKE ENERGY CORP 131,951 155,577
DUKE ENERGY PROGRESS LLC 1,040,269 1,067,529
EASTMAN CHEMICAL CO 116,669 129,583
EATON CORP PLC 297,117 504,442
EATON VANCE ATL CAP SMID-R6 30,074,241 32,313,910
ECOLAB INC 1,277,415 1,273,071
EDWARDS LIFESCIENCES CORP 39,248 38,199
ELEVANCE HEALTH INC 1,131,421 1,065,930
ELI LILLY & CO 549,262 642,304
ENTERGY AR LLC 1,269,294 1,276,894
ENTERPRISE PRODUCTS OPER 1,268,006 1,271,972
EQUIFAX INC 638,298 756,905
EQUINIX INC 210,447 252,695
ESSEX PROPERTY TRUST INC 124,303 129,304
EXPONENT INC 465,971 456,192
EXXON MOBIL CORP 370,938 388,112
FAIR ISAAC CORP 236,661 505,696
FIDELITY 500 INDEX FUND 33,339,000 42,575,498
FIDELITY INTL INDX-INST PRM 2,598,602 2,697,666
FINANCIAL SELECT SECTOR SPDR 11,952,452 13,882,309
FIRST HORIZON CORP 0 40,340
FIRST REPUBLIC BANK/CA 100,050 3
GA PWR CO 670,801 691,746
GLDMN SCHS GQG PRT INTL-INST 3,233,190 2,870,531
GOLDMAN SACHS GROUP INC 1,547,542 1,617,668
HARTFORD SCHR INTL STK-F 3,100,000 3,024,599
HEALTH CARE SELECT SECTOR 6,042,228 5,389,993
HENRY SCHEIN INC 180,419 182,896
HERSHEY CO 1,049,092 1,044,959
HOME DEPOT INC 325,409 384,322
HONEYWELL INTL 1,457,356 1,464,645
HUBSPOT INC 65,274 96,851
IDEXX LABORATORIES INC 259,008 221,604
INDUSTRIAL SELECT SECT SPDR 941,095 869,221
INTERACTIVE BROKERS GRO-CL A 583,233 1,052,423
INTERNATIONAL BUSINESS MACHINES 194,007 192,791
INTUIT INC 1,488,170 1,484,128
INTUITIVE SURGICAL INC 450,844 630,006
ISHARES BROAD USD INVESTMENT 1,286,262 1,236,888
ISHARES CORE MSCI EAFE ETF 21,976,213 22,063,703
ISHARES CORE MSCI EMERGING 2,002,077 2,091,672
ISHARES CORE S&P 500 ETF 26,046,820 26,252,773
ISHARES CORE S&P MIDCAP ETF 2,959,949 3,551,234
ISHARES CORE U.S. AGGREGATE 21,666,199 21,359,086
ISHARES EXPANDED TECH-SOFTWA 1,902,412 1,792,148
ISHARES MBS ETF 2,598,494 2,488,195
ISHARES MSCI EAFE SMALL-CAP 2,141,446 2,152,069
ISHARES RUSSELL 2000 ETF 19,183,474 23,046,570
ISHARES RUSSELL MID-CAP ETF 18,395,618 22,140,310
ISHARES RUSSELL MID-CAP GROW 2,184,050 2,739,828
ISHARES RUSSELL MID-CAP VALU 4,035,661 4,722,721
ISHARES U.S. BROKER-DEALERS 1,606,835 1,794,045
ISHARES US TREASURY BOND ETF 4,544,969 4,454,903
JACK HENRY & ASSOCIATES INC 626,518 675,782
JOHNSON & JOHNSON 134,329 127,699
JPMORGAN BETABUILDERS CANADA 3,969,309 4,506,466
JPMORGAN BETABUILDERS DEVELO 2,594,112 2,596,961
JPMORGAN BETABUILDERS EUROPE ETF 1,779,680 1,755,595
JPMORGAN BETABUILDERS JAPAN ETF 6,916,790 7,112,372
JPMORGAN CHASE & CO 11,088,666 20,804,671
KENVUE INC 962,011 929,508
KINDER MORGAN INC 334,470 488,789
KKR & CO INC 195,329 260,617
LAM RESEARCH CORP 223,117 259,811
LCI INDUSTRIES 163,169 151,466
LEIDOS HOLDINGS INC 128,788 217,531
LENNOX INTERNATIONAL INC 781,258 1,176,558
LINDE INC/CT 1,459,658 1,467,926
LOCKHEED MARTIN CORP 1,285,635 1,258,178
LOWE'S COS INC 189,044 217,431
LPL FINANCIAL HOLDINGS INC 716,714 1,001,733
MARKETAXESS HOLDINGS INC 232,039 205,696
MASTERCARD INC - A 797,979 1,035,237
MCDONALD'S CORP 154,403 168,136
MCKESSON CORP 891,918 901,824
MERCADOLIBRE INC 114,212 149,639
META PLATFORMS INC 1,265,296 1,261,768
META PLATFORMS INC-CLASS A 1,083,342 2,038,160
MICROSOFT CORP 4,166,209 5,601,735
MID-AMERICA APARTMENTS 525,141 534,562
MONDELEZ INTERNATIONAL INC-A 159,210 129,972
MORGAN STANLEY 2,496,465 2,402,028
NATERA INC 46,870 44,482
NETFLIX INC 539,628 1,130,194
NIKE INC 1,055,522 1,091,238
NIKE INC -CL B 154,256 154,215
NISOURCE INC 230,632 316,798
NORDSON CORP 758,195 660,989
NVIDIA CORP 1,313,136 3,752,868
OLLIE'S BARGAIN OUTLET HOLDI 480,019 523,302
ORACLE CORP 445,450 649,563
PALO ALTO NETWORKS INC 88,930 108,812
PAYPAL HOLDINGS INC 139,951 146,717
PEPSICO INC 1,711,475 1,683,073
PFIZER INC 202,299 150,903
PHILIP MORRIS INTL INC 1,039,920 1,052,523
PHILLIPS 66 1,079,425 1,132,100
PNC FINL SERVICES 1,012,541 975,341
POOL CORP 859,518 800,868
PROCTER & GAMBLE CO/THE 1,737,808 1,774,295
PROLOGIS LP 1,053,355 1,084,710
QUANTA SERVICES INC 103,498 148,544
REGENERON PHARMACEUTICALS 61,296 54,137
REGIONS FINANCIAL CORP 277,463 357,810
REP SERVICES INC 1,443,705 1,416,541
REPUBLIC SERVICES INC 155,923 214,860
RLTY INCOME CORP 1,053,757 1,062,561
ROLLINS INC 600,295 678,240
SAIA INC 548,309 600,652
SALESFORCE INC 1,247,850 1,247,296
SANDOZ GROUP AG-ADR 1,215 2,025
SCOTTS MIRACLE-GRO CO 378,173 409,849
SERVICENOW INC 309,609 417,687
SHELL FIN US INC 1,112,201 1,099,579
SHOPIFY INC - CLASS A 89,952 118,983
SITEONE LANDSCAPE SUPPLY INC 544,552 454,079
SIX CIRCLE MGD EQ INTL UNCON 25,728,681 26,018,113
SIX CIRCLE MGD EQ US UNCON 65,495,025 81,938,629
SNAP-ON INC 226,265 281,768
SPDR S&P PHARMACEUTICALS ETF 200,604 206,911
SPOTIFY TECHNOLOGY SA 115,666 228,164
ST STR CORP 856,103 896,610
STARBUCKS CORP 102,523 99,280
SYNOPSYS INC 42,297 45,624
T ROWE PRICE GROUP INC 184,396 186,938
TAIWAN SEMICONDUCTOR-SP ADR 102,933 170,829
TECHNOLOGY SELECT SECT SPDR 6,574,124 7,475,518
TELEDYNE TECHNOLOGIES INC 640,622 745,857
TERADYNE INC 467,116 567,396
TESLA INC 928,016 1,567,707
THERMO FISHER SCIENTIFIC INC 1,362,006 1,324,349
THOR INDUSTRIES INC 492,384 452,613
TRADE DESK INC/THE -CLASS A 57,316 84,034
TRANE TECHNOLOGIES PLC 79,217 145,524
TRANSDIGM GROUP INC 158,384 225,576
TRUIST FINANCIAL CORP 33,790,682 33,821,911
TRUIST FINL CORP 1,006,334 1,007,578
UBER TECHNOLOGIES INC 66,251 91,566
UN PAC CORP 1,039,560 1,040,760
UNION PACIFIC CORP 303,893 328,150
UNITEDHEALTH GROUP INC 1,106,545 1,129,934
UNIVERSAL DISPLAY CORP 603,816 485,384
UTD PARCEL SVC 1,043,851 1,034,156
VANGUARD INST INDEX-INST 147,295,778 179,216,402
VANGUARD INTL GROWTH-ADM 30,023,008 28,748,768
VANGUARD RUSSELL 1000 GR-INS 29,553,757 43,221,700
VANGUARD RUSSELL 2000 ETF 2,338,734 2,787,989
VANGUARD VALUE ETF 12,089,746 14,357,487
VERTIV HOLDINGS CO-A 70,575 86,912
VISA INC 1,186,941 1,202,420
VISA INC CL A 346,217 476,904
VRTS NWFLT M/S SH TRM BD-I 6,204,283 6,204,274
W R BERKLEY CORPORATION 632,980 834,788
WALMART INC 1,855,939 1,858,313
WALT DISNEY COMPANY/THE 1,042,806 1,089,309
WASTE MANAGEMENT INC 157,593 192,306
WATSCO INC 674,035 810,826
WELLS FARGO & CO 1,058,980 1,103,868
WW GRAINGER INC 52,344 72,729
ZEBRA TECHNOLOGIES CORP-CL A 624,009 854,319
ZURN ELKAY WATER SOLUTIONS CORP 589,239 747,641

TY 2024 InvestmentsGovtObligationsSch
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
US Government Securities - End of Year Book Value:

45,247,300
US Government Securities - End of Year Fair Market Value:

45,990,215
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PC TGA CHARLESTON CLUB HOLDINGS AT COST 87,508 21,300
PC TGA RICHMOND HOLDINGS AT COST 304,295 152,800
PEAK CAPITAL PARTNERS, LLC AT COST 624,478 3,219,840

TY 2024 LandEtcSchedule2
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 135,239 0 135,239 135,239


TY 2024 LegalFeesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 860 430   430


TY 2024 OtherAssetsSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PC NC INVESTOR HOLDINGS -4,271,940 -4,751,688 4,120,000
UTILITY DEPOSIT 300 300 300
CONSTRUCTION IN PROGRESS 0 531,413 531,413


TY 2024 OtherDecreasesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Description Amount
COST BASIS ADJUSTMENT ON SECURITY ASSETS 12,294,612


TY 2024 OtherExpensesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISC. EXPENSES 11,303 0   11,303
OFFICE EXPENSES 1,599 0   1,599
TECH/IT FEES 25,300 0   25,300


TY 2024 OtherIncomeSchedule2
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 9,418 89,308 9,418
FEDERAL TAX REFUND 2,364   2,364
STATE TAX REFUND 14,830   14,830
INTEREST FROM LOAN 218,064 218,064 218,064


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

TY 2024 OtherNotesLoansRcvblLongSch
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
HINES CLARI PARK LAND HOLDINGS N/A 12,300,000 2,000,000 2021-08 2026-05 THREE PRINCIPAL INSTALLMENTS 210.0000000000 % DEED OF TRUST SELLER FINANCED PROP SALE NOTE 2,000,000

TY 2024 OtherProfessionalFeesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 1,963,354 1,499,000   464,354


TY 2024 TaxesSchedule
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENTS 373,040 0   0
STATE TAX PAYMENTS 28,540 0   0
REAL ESTATE TAX PAYMENTS 390 0   390


TY 2024 TransfersFrmControlledEntities
Name:
THE BILL GATTON FOUNDATION
EIN:
62-1266284
Name US /
Foreign Address		 EIN Description Amount
PC NC INVESTOR HOLDINGS LLC 4956 N 300 W STE 300
PROVO,UT84604 		85-2254670 PARTNERSHIP DISTRIBUTION 0
Total     479,748