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
Beverley Taylor Sorenson Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)6330 S 3000 E 630
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Salt Lake City, UT84121
A Employer identification number

46-3784084
B Telephone number (see instructions)

(801) 490-1013
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$29,456,329J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 547,029 714,127  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 769,566
b Gross sales price for all assets on line 6a 5,042,245
7 Capital gain net income (from Part IV, line 2)... 808,454
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
43,869 92,145  
12 Total. Add lines 1 through 11........ 1,360,464 1,614,726  
Operating and Administrative Expenses 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)......... Click to see attachment
List of Attached Documents:
// Content
721 0   721
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,410 0   30,410
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
123,951 123,951   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,722 1,222   0
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
9 0   9
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 171,813 125,173   31,140
25 Contributions, gifts, grants paid....... 1,317,000 1,317,000
26 Total expenses and disbursements. Add lines 24 and 25 1,488,813 125,173   1,348,140
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -128,349
b Net investment income (if negative, enter -0-) 1,489,553
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............. 82,559 36,853 36,853
2 Savings and temporary cash investments......... 438,898 448,795 448,795
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,132,594 Click to see attachment
List of Attached Documents:
// Content
384,699 		384,699
b Investments—corporate stock (attach schedule)....... 19,490,810 Click to see attachment
List of Attached Documents:
// Content
20,966,047 		20,966,047
c Investments—corporate bonds (attach schedule)....... 773,115 Click to see attachment
List of Attached Documents:
// Content
258,808 		258,808
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,926,139 Click to see attachment
List of Attached Documents:
// Content
6,399,768 		7,361,127
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
488,899 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,333,014 28,494,970 29,456,329
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 27,333,014 28,494,970
29 Total net assets or fund balances (see instructions)..... 27,333,014 28,494,970
30 Total liabilities and net assets/fund balances (see instructions). 27,333,014 28,494,970
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
27,333,014
2
Enter amount from Part I, line 27a .....................
2
-128,349
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,290,305
4
Add lines 1, 2, and 3 ..........................
4
28,494,970
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,494,970
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      
b Passthrough K-1 LTCG P 2024-01-01 2024-12-31
c Novo Nordisk settlement   2024-08-02 2024-08-02
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 5,041,307   4,269,114 772,193
b       35,323
c 938     938
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       772,193
b       35,323
c       938
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 2 808,454
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 20,705
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 20,705
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 20,705
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 29,113
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 29,113
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 8,408
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow8,408 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowUT
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowJames Lee Sorenson Telephone no.right arrow (801) 490-1013

Located atright arrow6330 S 3000 E Suite 630Salt Lake CityUT ZIP+4right arrow84121
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)
Yes
 
(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
Yes
 
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
 
No
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
 
No
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
James Lee Sorenson Director
1.00 		0 0 0
6330 S 3000 E Suite 630
Salt Lake City,UT84121
Joan Fenton Director
1.00 		0 0 0
6330 S 3000 E Suite 630
Salt Lake City,UT84121
Joseph Sorenson Director
1.00 		0 0 0
6330 S 3000 E Suite 630
Salt Lake City,UT84121
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
Sepio Capital Investment management 123,951
2795 E Cottonwood Pkwy STE 600
Salt Lake City,UT84121
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (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
23,070,784
b
Average of monthly cash balances.......................
1b
952,713
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
24,023,497
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
24,023,497
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
360,352
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,663,145
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,183,157
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,183,157
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
20,705
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
20,705
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,162,452
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,162,452
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
1,162,452
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
1,348,140
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,348,140
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 1,162,452
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,315,557
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$ 1,348,140
a Applied to 2023, but not more than line 2a 1,315,557
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..... 32,583
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 .......... 		1,129,869
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 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)
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

4th Street Clinic

409 W 400 S
Salt Lake City,UT84105 		None PC Vaccinations for underserved populations 50,000

American Indian Services

3115 E Lion Ln Suite 320
Cottonwood Heights,UT84121 		None PC AIS scholarship program 100,000

Ballet West

52 West 200 South
Salt Lake City,UT84101 		None PC Youth Arts Education and Community Outreach Program 75,000

Hale Center Theater

3333 S Decker Lake Dr
Salt Lake City,UT84119 		None PC Art programing support 30,000

Junior Achievement of Utah

515 South 700 East Suite 1F
Salt Lake City,UT84102 		None PC Whole school funding for JA education 25,000

Salt Lake Music School Foundation

182 S 600 E
Salt Lake City,UT84102 		None PC Music education in Title 1 schools 25,000

Spy Hop Productions

699 S West Temple Suite 202
Salt Lake City,UT84101 		None PC Arts education and mentoring 50,000

The Policy Project

1607 E Yalecrest Ave
Salt Lake City,UT84105 		None PC Increasing access to period products, students with basic needs, and child safety 50,000

United Way of Utah

257 E 200 S 300
Salt Lake City,UT84111 		None PC Expanding school readiness programs and direct preschool services 100,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Museum of Fine Arts learning and engagement programs 25,000

University of Utah -

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Arts learning impact measurement research 200,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Huntsman Mental Health Institute - mental health services 40,000

University of Utah

1395 Presidents Circle
Salt Lake City,UT84112 		None GOV Educational pathways partnership and access to social work 67,000

Utah Chamber Artists

11640 Littler Rd
Sandy,UT84092 		None PC Concert series 115,000

Utah Film Center

50 West Broadway
Salt Lake City,UT84101 		None PC Media arts education program 30,000

Utah Food Bank

3150 S 900 W
Salt Lake City,UT84119 		None PC General support 50,000

Utah State Board of Education

250 E 500 S
Salt Lake City,UT84114 		None GOV Arts learning program; K-6 integrated 175,000

Childrens Center of Utah

3725 W 4100 S Suite 250
West Valley,UT84120 		None PC Mental health services 50,000

Friends of the Children - Utah

5361 S 4220 W Ste B
Kearns,UT84118 		None PC Mentoring services for underserved youth 15,000

St George Music Theater Company

2583 Granite Way
St George,UT84790 		None PC Construction of performing arts center 25,000

Stella H Oaks Charitable Foundation

90 W 500 South 325
Bountiful,UT84010 		None PC Scholarships for single-mothers 20,000
Total .................................right arrow 3a 1,317,000
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 ........... 		         
4 Dividends and interest from securities ....     14 547,029  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 43,869  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 769,566  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,360,464 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,360,464
(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
Friends of the Beverley Taylor Sorenson Arts Learning Program 501(c)(4) Beverley Taylor Sorenson Foundation shares common directors with Friends of the Beverley Taylor Sorenson Arts Learning Program
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

TY 2024 AccountingFeesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting 30,410 0   30,410

TY 2024 InvestmentsCorpBondsSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Name of Bond End of Year Book Value End of Year Fair Market Value
AT&T INC SER B NOTE 14,771 14,771
AMERICAN TOWER CORP NOTE 9,819 9,819
AMGEN INC NOTE 14,342 14,342
ELEVANCE HEALTH INC NOTE 9,759 9,759
BHP BILLITON FIN USA LTD NOTE 10,142 10,142
BANK AMERICA CORP MTN 12,745 12,745
BANK MONTREAL MEDIUM SER H MTN 15,216 15,216
BLACKROCK INC NOTE 10,024 10,024
CVS HEALTH CORP NOTE 9,804 9,804
CANADIAN IMPERIAL BK COMM NOTE 15,139 15,139
CITIGROUP INC NOTE 9,787 9,787
COMCAST CORP NEW NOTE 10,032 10,032
DTE ELEC CO SER 2020 A BOND 8,889 8,889
JOHN DEERE CAPITAL CORPORATION SER I 10,096 10,096
EVERSOURCE ENERGY SER R NOTE 16,764 16,764
GOLDMAN SACHS GROUP INC NOTE 9,690 9,690
JPMORGAN CHASE &CO NOTE 12,941 12,941
MORGAN STANLEY SER I MTN 10,707 10,707
NEXTERA ENERGY CAP HLDGS INC BOND 14,303 14,303
SEMPRA NOTE 14,551 14,551
TOTAL CAP INTL NOTE 9,655 9,655
TRUIST FINL CORP SER G MTN 9,632 9,632

TY 2024 InvestmentsCorpStockSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Name of Stock End of Year Book Value End of Year Fair Market Value
AFLAC INC COM 12,309 12,309
AT&T INC COM USD1 23,749 23,749
AXT INC 13,684 13,684
ABBOTT LABORATORIES 23,753 23,753
ACACIA RESEARCH CORP 12,799 12,799
ADOBE INC COM 15,119 15,119
ADVANCED DRAINAGE SYSTEMS INC 3,930 3,930
AFFILIATED MANAGERS GROUP INC COM 22,375 22,375
AGILENT TECHNOLOGIES INC COM USD0.01 5,777 5,777
AIRBNB INC COM CL A 8,936 8,936
AIR PRODUCTS AND CHEMICALS INC 71,060 71,060
ALBEMARLE CORP COM USD0.01 5,251 5,251
ALCOA CORP COM 48,170 48,170
ALIBABA GROUP HOLDING LTD SPON ADS EACH REP 8 ORD SHS 7,716 7,716
ALICO INC 24,478 24,478
ALLSTATE CORP COM USD0.01 7,133 7,133
EA SERIES TRUST BUSHIDO CAP U S 1,354,387 1,354,387
EA SERIES TRUST BUSHIDO CAP U S 666,505 666,505
ALPHABET INC CAP STK CL C 102,076 102,076
ALPHABET INC CAP STK CL C 33,898 33,898
ALPHABET INC CAP STK CL C 135,974 135,974
ALPHABET INC CAP STK CL A 52,815 52,815
ALPHABET INC CAP STK CL A 38,428 38,428
ALTRIA GROUP INC 35,662 35,662
AMAZON.COM INC 159,497 159,497
AMAZON.COM INC 69,108 69,108
AMAZON.COM INC 215,222 215,222
AMERICAN EXPRESS CO COM USD0.20 20,479 20,479
AMERICAN INTERNATIONAL GROUP INC 9,391 9,391
AMERICAN PUB ED INC COM 7,377 7,377
AMERIPRISE FINANCIAL INC COM USD0.01 7,454 7,454
AMTECH SYSTEMS INC 11,489 11,489
ELEVANCE HEALTH INC COM 10,329 10,329
ELEVANCE HEALTH INC COM 44,268 44,268
APPLE INC 287,232 287,232
APPLE INC 94,408 94,408
APPLIED MATERIALS INC COM USD0.01 15,125 15,125
APTARGROUP INC 27,335 27,335
ARAMARK COM 23,468 23,468
ARISTA NETWORKS INC COM SHS 13,706 13,706
ASURE SOFTWARE INC 21,201 21,201
AUTODESK INC 32,217 32,217
AUTOMATIC DATA PROCESSING INC COM 20,198 20,198
AUTOZONE INC COM USD0.01 6,404 6,404
AVERY DENNISON CORP COM USD1 15,158 15,158
BM TECHNOLOGIES INC CL A COM 8,841 8,841
BGSF INC COM 7,278 7,278
BALL CORP COM NPV 3,969 3,969
BALL CORP COM NPV 4,521 4,521
BANKWELL FINL GROUP INC COM USD0.01 17,537 17,537
BARRETT BUSINESS SVCS INC COM 34,318 34,318
BAYER AG SPON ADR EACH REP 0.25 ORD SHS 42,549 42,549
BECTON DICKINSON &CO COM USD1.00 11,797 11,797
BERKLEY W R CORP COM 47,226 47,226
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B 76,151 76,151
BIOGEN INC COM USD0.0005 6,117 6,117
BIO-TECHNE CORP COM 12,173 12,173
BLACKBAUD INC 13,158 13,158
BLACKSTONE INC 16,207 16,207
BLACKROCK INC COM 21,527 21,527
BLACKROCK INC COM 77,908 77,908
BOEING CO 49,914 49,914
BOOKING HOLDINGS INC COM 24,842 24,842
BOOZ ALLEN HAMILTON HLDG CORP CL A 24,324 24,324
BORG WARNER INC COM USD0.01 10,046 10,046
BOSTON SCIENTIFIC CORP 25,635 25,635
BOWMAN CONSULTING GROUP LTD COM 22,106 22,106
BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01 7,461 7,461
BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01 10,626 10,626
BROADCOM INC COM 88,563 88,563
BROWN & BROWN INC 5,611 5,611
BROWN & BROWN INC 28,260 28,260
BUILD-A-BEAR WORKSHOP INC COM 36,648 36,648
BURLINGTON STORES INC 26,226 26,226
CBOE GLOBAL MARKETS INC 8,988 8,988
CBRE GROUP INC COM USD0.01 CLASS A 6,565 6,565
THE CIGNA GROUP COM 11,874 11,874
CME GROUP INC COM 17,417 17,417
CPI CARD GROUP INC COM NEW 12,703 12,703
CSX CORP COM USD1 11,101 11,101
CACI INTERNATIONAL INC 31,113 31,113
CADENCE DESIGN SYSTEMS INC COM USD0.01 7,812 7,812
THE CAMPBELL'S COMPANY COMMON STOCK 6,575 6,575
CAPITAL BANCORP INC MD COM 21,917 21,917
CAPITAL ONE FINANCIAL CORP COM USD0.01 8,559 8,559
CAPITAL ONE FINANCIAL CORP COM USD0.01 70,615 70,615
CARLISLE COMPANIES INC 42,048 42,048
CARRIER GLOBAL CORPORATION COM 7,236 7,236
CASEYS GENERAL STORES INC 22,981 22,981
CATERPILLAR INC COM 22,491 22,491
CENTENE CORP 4,846 4,846
CHARTER COMMUNICATIONS INC NEW CL A 5,827 5,827
CHARTER COMMUNICATIONS INC NEW CL A 28,793 28,793
CHEVRON CORP NEW COM 40,845 40,845
CHIPOTLE MEXICAN GRILL INC 13,809 13,809
CHOICE HOTELS INTERNATIONAL INC 25,840 25,840
CHURCH &DWIGHT CO INC COM 10,890 10,890
CINCINNATI FINANCIAL CORP COM USD2.00 37,075 37,075
CISCO SYSTEMS INC 24,450 24,450
CISCO SYSTEMS INC 46,650 46,650
CINTAS CORP 12,972 12,972
CITIGROUP INC 23,651 23,651
CIVISTA BANCSHARES INC COM NO PAR 8,774 8,774
CLOROX CO COM USD1.00 5,360 5,360
COLGATE-PALMOLIVE CO COM 17,637 17,637
COLONY BANKCORP INC 22,257 22,257
COLUMBIA BANKING SYSTEM INC 6,942 6,942
COLUMBIA SPORTSWEAR CO 17,374 17,374
COMCAST CORP 20,604 20,604
COMCAST CORP 25,558 25,558
COMCAST CORP 88,496 88,496
COMTECH TELECOMMUNICATIONS CORP 6,709 6,709
CONAGRA BRANDS INC 8,436 8,436
CONOCOPHILLIPS COM 139,036 139,036
CONSTELLATION BRANDS INC COM USD0.01 CLASS A 10,829 10,829
COOPER-STANDARD HOLDINGS INC 12,760 12,760
COPART INC COM USD0.0001 9,412 9,412
CORE MOLDING TECHNOLOGIES INC 3,705 3,705
CORNING INC 9,456 9,456
CROWDSTRIKE HLDGS INC CL A 7,870 7,870
DMC GLOBAL INC COM 13,487 13,487
DHI GROUP INC COM 18,645 18,645
DANAHER CORPORATION COM 18,594 18,594
DEERE & CO 14,830 14,830
DEERE & CO 5,508 5,508
DELL TECHNOLOGIES INC CL C 5,532 5,532
DESTINATION XL GROUP INC 11,123 11,123
DEXCOM INC 5,911 5,911
DIAGEO ADR REP 4 ORD 32,672 32,672
DISNEY WALT CO COM 23,495 23,495
DISNEY WALT CO COM 29,174 29,174
DISCOVER FINANCIAL SERVICES 22,693 22,693
DOLBY LABORATORIES INC COM CL A 22,493 22,493
DOMINION ENERGY INC COM 44,919 44,919
DOVER CORP COM USD1.00 9,192 9,192
EBAY INC. COM 6,505 6,505
ECOLAB INC 16,871 16,871
EMERSON ELECTRIC CO 9,171 9,171
ENVISTA HOLDINGS CORPORATION COM 16,532 16,532
ESQUIRE FINL HLDGS INC COM 17,013 17,013
EVERSOURCE ENERGY 18,435 18,435
EXELON CORP COM NPV 22,358 22,358
EXPEDIA GROUP INC 6,894 6,894
EXPEDITORS INTERNATIONAL OF WASHINGTON INC 11,963 11,963
FMC CORP COM NEW 5,250 5,250
FS BANCORP INC COM 29,727 29,727
FTI CONSULTING INC 11,468 11,468
META PLATFORMS INC CLASS A COMMON STOCK 100,122 100,122
META PLATFORMS INC CLASS A COMMON STOCK 87,241 87,241
META PLATFORMS INC CLASS A COMMON STOCK 137,009 137,009
FACTSET RESEARCH SYSTEMS INC 9,125 9,125
FACTSET RESEARCH SYSTEMS INC 13,928 13,928
FAIR ISAAC CORP 5,973 5,973
FARMERS NATIONAL BANC CORP COM 4,579 4,579
FASTENAL COM STK USD0.01 7,335 7,335
FASTENAL COM STK USD0.01 42,067 42,067
FIDELITY NATL INFORMATION SERVICES COM USD0.01 8,158 8,158
FIDELITY NATL INFORMATION SERVICES COM USD0.01 56,135 56,135
FIFTH THIRD BANCORP 7,272 7,272
FIRST BUSINESS FINL SVCS INC W COM 23,515 23,515
FIRST SOLAR INC 3,877 3,877
FISERV INC COM STK USD0.01 21,364 21,364
FIVE STAR BANCORP COM 15,286 15,286
FORRESTER RESEARCH INC 9,245 9,245
FORTIVE CORP COM 6,375 6,375
ARTHUR J. GALLAGHER & CO. ISIN #US363576109 11,070 11,070
GE VERNOVA INC COM 50,326 50,326
GENASYS INC COM 7,639 7,639
GENERAL MILLS INC COM USD0.10 12,308 12,308
GENUINE PARTS CO COM USD1.00 7,473 7,473
GLOBAL X FDS MSCI GREECE ETF 31,724 31,724
GLOBE LIFE INC COM 5,464 5,464
GODADDY INC CL A 45,198 45,198
GOLDMAN SACHS GROUP INC COM USD0.01 26,341 26,341
GRACO INC 8,850 8,850
HP INC COM 3,850 3,850
HALLIBURTON CO COM USD2.50 47,147 47,147
HAMILTON BEACH BRANDS HLDG CO COM CL A 18,328 18,328
HARTFORD FINANCIAL SERVICES GRP INC COM USD0.01 5,689 5,689
HENRY JACK &ASSOCIATES INC COM USD0.01 9,466 9,466
HERITAGE INSURANCE HLDGS INC COM 31,884 31,884
HILTON WORLDWIDE HLDGS INC 47,702 47,702
HOLOGIC INC 4,253 4,253
HOME BANCORP INC 10,952 10,952
HOME DEPOT INC 34,620 34,620
HORIZON BANCORP INC COM 21,861 21,861
HORMEL FOODS CORP 6,368 6,368
HUBBELL INC COM 8,378 8,378
HUMANA INC 62,666 62,666
HUNT J.B. TRANSPORT SERVICES INC COM USD0.01 14,506 14,506
HURCO CO COM 11,941 11,941
IDEX CORP COM USD0.01 17,790 17,790
ILLINOIS TOOL WORKS INC COM 18,003 18,003
ILLUMINA INC COM USD0.01 10,824 10,824
INGERSOLL RAND INC COM 13,298 13,298
INSIGHT ENTERPRISES INC 3,650 3,650
INTEL CORP COM USD0.001 9,123 9,123
INTERNATIONAL BUS MACH CORP COM USD0.20 24,401 24,401
INTERNATIONAL FLAVORS &FRAGRANCES COM USD0.125 8,117 8,117
INTEST CORP 16,269 16,269
INTUIT INC 14,456 14,456
INTUITIVE SURGICAL INC 21,922 21,922
INTUITIVE SURGICAL INC 17,225 17,225
INVESCO INDIA EXCHANGE-TRADED INDIA ETF 32,401 32,401
IQVIA HLDGS INC COM 6,681 6,681
ISHARES MSCI POLAND ETF 30,937 30,937
ISHARES MSCI SINGAPORE ETF 22,724 22,724
ISHARES MSCI ITALY ETF 32,628 32,628
JAKKS PAC INC COM NEW 25,982 25,982
JOHNSON &JOHNSON COM 47,291 47,291
JONES LANG LASALLE INC COM USD0.01 16,960 16,960
KLA CORP COM NEW 10,082 10,082
KEURIG DR PEPPER INC COM 12,013 12,013
KEYCORP COM 5,365 5,365
KIMBALL ELECTRONICS INC 20,434 20,434
KINSALE CAP GROUP INC COM 8,372 8,372
KIRBY CORP 17,140 17,140
LKQ CORP 25,799 25,799
LAKELAND INDUSTRIES INC 23,710 23,710
LAM RESEARCH CORP COM NEW 9,607 9,607
LAMB WESTON HLDGS INC COM 5,346 5,346
LANDSTAR SYSTEM INC COM USD0.01 22,342 22,342
ESTEE LAUDER COMPANIES INC COM USD0.01 CLASS A 4,049 4,049
LENNAR CORP COM USD0.10 CLASS A 5,455 5,455
LENNOX INTERNATIONAL INC COM USD0.01 25,591 25,591
LIBERTY BROADBAND CORP COM SER A 15,244 15,244
LIBERTY BROADBAND CORP COM SER C 26,689 26,689
LIFETIME BRANDS INC 10,685 10,685
ELI LILLY &CO COM 50,952 50,952
LINCOLN EDUCATIONAL SERVICES CORP 17,386 17,386
LIVE NATION ENTERTAINMENT INC COM USD0.01 6,216 6,216
LOEWS CORP COM USD0.01 26,169 26,169
LONDON STOCK EXCHANGE GROUP UNSPN ADR 51,572 51,572
LOWES COMPANIES INC COM USD0.50 62,934 62,934
LULULEMON ATHLETICA INC COM USD0.005 4,971 4,971
MANHATTAN ASSOCIATES INC COM 9,999 9,999
MANITEX INTERNATIONAL INC 15,231 15,231
MARKEL GROUP INC COM NPV 31,072 31,072
MARTIN MARIETTA MATERIALS INC COM USD0.01 5,682 5,682
MASTERCARD INCORPORATED CL A 37,913 37,913
MCCORMICK &COMPANY INC COM NPV 6,404 6,404
MERCK &CO. INC COM 27,854 27,854
MERCK &CO. INC COM 45,562 45,562
METLIFE INC COM USD0.01 8,516 8,516
METROPOLITAN BK HLDG CORP COM 29,550 29,550
MICROSOFT CORP 237,305 237,305
MICROSOFT CORP 60,275 60,275
MICROSOFT CORP 48,894 48,894
MICROSOFT CORP 103,268 103,268
MICROCHIP TECHNOLOGY INC. COM 3,441 3,441
MICRON TECHNOLOGY INC 10,352 10,352
MILLER INDUSTRIES INC 17,255 17,255
MISTRAS GROUP INC COM USD0.01 8,290 8,290
MOLSON COORS BEVERAGE CO CL B 7,853 7,853
MONDELEZ INTL INC COM NPV 18,457 18,457
MONOLITHIC POWER SYSTEMS INC 4,142 4,142
MONSTER BEVERAGE CORP NEW COM 25,754 25,754
MOODYS CORP COM USD0.01 11,834 11,834
MORGAN STANLEY COM USD0.01 20,115 20,115
MORNINGSTAR INC 33,676 33,676
MOTORCAR PARTS OF AMERICA INC 27,466 27,466
NN INC COM 4,948 4,948
NASDAQ INC COM STK 8,118 8,118
NATURAL GAS SVCS GROUP INC COM 38,672 38,672
NESTLE ADR 27,696 27,696
NETFLIX INC 68,632 68,632
NIKE INC CLASS B COM NPV 9,232 9,232
NIKE INC CLASS B COM NPV 10,367 10,367
NINTENDO CO LTD UNSP ADS EACH REP 0.25 ORD SHS 49,054 49,054
NORDSON CORP 12,973 12,973
NORFOLK SOUTHN CORP COM 9,623 9,623
NORFOLK SOUTHN CORP COM 58,910 58,910
NORTHEAST BK LEWISTON ME COM 33,115 33,115
NORTHERN TRUST CORP COM USD1.666 6,048 6,048
NORTHROP GRUMMAN CORP COM USD1 43,175 43,175
NORTHWEST PIPE CO COM STK USD0.01 30,935 30,935
NOVARTIS AG SPONSORED ADR 10,607 10,607
NOVO NORDISK A/S ADR-EACH CNV INTO 1 CLASS B DKK1 14,021 14,021
NVIDIA CORPORATION COM 253,405 253,405
NVIDIA CORPORATION COM 108,775 108,775
OMNICOM GROUP INC COM USD0.15 5,507 5,507
ONE STOP SYS INC COM 5,246 5,246
ORACLE CORP 24,163 24,163
ORACLE CORP 55,158 55,158
ORRSTOWN FINANCIAL SERVICES INC COM NPV 10,544 10,544
OTIS WORLDWIDE CORP COM 7,687 7,687
PAMT CORP COM 7,355 7,355
PNC FINANCIAL SERVICES GROUP COM USD5 18,706 18,706
PPG INDUSTRIES INC COM USD1.666 11,228 11,228
PACCAR INC COM USD1.00 13,731 13,731
PACER FDS TR DEVELOPED MRKT 181,400 181,400
PALO ALTO NETWORKS INC COM USD0.0001 11,282 11,282
PARKE BANCORP INC COM STK USD0.10 21,761 21,761
PAYCHEX INC COM USD0.01 7,291 7,291
PAYCHEX INC COM USD0.01 49,217 49,217
PAYPAL HLDGS INC COM 8,535 8,535
PAYPAL HLDGS INC COM 10,413 10,413
PHILIP MORRIS INTERNATIONAL INC COM NPV 68,479 68,479
POOL CORP COM 10,228 10,228
PROGRESSIVE CORP COM 16,773 16,773
PROGRESSIVE CORP COM 66,612 66,612
PROSPERITY BANCSHARES INC 8,213 8,213
PROSUS N.V. SPON ADR EACH REP 0.20 ORD SHS 74,525 74,525
PULTE GROUP INC COM USD0.01 4,029 4,029
QUALCOMM INC 17,513 17,513
QUALCOMM INC 16,437 16,437
QUANTA SERVICES COM USD0.00001 8,533 8,533
R C M TECHNOLOGIES INC 8,620 8,620
RPM INTERNATIONAL INC 27,565 27,565
RED ROBIN GOURMET BURGERS INC 19,127 19,127
REGENERON PHARMACEUTICALS INC 14,247 14,247
REGENERON PHARMACEUTICALS INC 14,959 14,959
RESMED INC 5,260 5,260
RIMINI STR INC DEL COM 11,545 11,545
RIVERVIEW BANCORP INC COM 12,192 12,192
ROCHE HOLDINGS ADR 8,825 8,825
ROPER TECHNOLOGIES INC 8,837 8,837
ROSS STORES INC 6,656 6,656
SHELL PLC SPON ADS EA REP 2 ORD SHS 89,088 89,088
S&P GLOBAL INC COM 23,407 23,407
SEI INVTS CO COM 27,383 27,383
SEI INVTS CO COM 13,444 13,444
SAFRAN SA UNSPON ADR EA REP 0.25 ORD 46,325 46,325
SALESFORCE INC COM 27,749 27,749
SALESFORCE INC COM 37,111 37,111
SAP ADR REP 1 ORD 91,344 91,344
SCHWAB CHARLES CORP COM 12,582 12,582
SCHWAB CHARLES CORP COM 54,545 54,545
SEMPRA COM 34,474 34,474
SERVICE CORPORATION INTERNATIONAL COM USD1.00 11,095 11,095
SERVICENOW INC COM USD0.001 20,142 20,142
SHIMMICK CORPORATION COM 4,110 4,110
SHOPIFY INC COM NPV CL A ISIN #CA82509L1076 29,028 29,028
SILVERCREST ASSET MANAGEMENT GROUP INC 13,737 13,737
SIMPSON MFG INC COM 8,623 8,623
SLEEP NUMBER CORP COM 21,930 21,930
SMITH MICRO SOFTWARE INC COM SHS 2,431 2,431
SMUCKER J M CO COM NEW 6,387 6,387
SNAP-ON INC 5,092 5,092
BLOCK INC CL A 11,559 11,559
STANLEY BLACK & DECKER INC 4,175 4,175
STARBUCKS CORP COM USD0.001 45,078 45,078
STARBUCKS CORP COM USD0.001 17,338 17,338
STATE STREET CORP 5,006 5,006
STRATTEC SECURITY CORP 25,297 25,297
STRYKER CORPORATION COM 16,202 16,202
SYNOPSYS INC 7,280 7,280
SYNERGY CHC CORP COM NEW 5,641 5,641
SYSCO CORP 16,592 16,592
TJX COMPANIES INC 19,330 19,330
T-MOBILE US INC COM 20,307 20,307
TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS 83,538 83,538
TAKE-TWO INTERACTIVE SOFTWARE INC 6,075 6,075
TELEFLEX INCORPORATED COM 17,620 17,620
TESLA INC COM 123,575 123,575
TEXAS INSTRUMENTS INC COM USD1.00 19,126 19,126
TEXAS INSTRUMENTS INC COM USD1.00 68,629 68,629
THERMO FISHER SCIENTIFIC INC 23,410 23,410
THERMO FISHER SCIENTIFIC INC 13,006 13,006
TILLYS INC COM USD0.001 CL A 7,344 7,344
TRACTOR SUPPLY CO 6,102 6,102
TRANSUNION COM 18,449 18,449
TRAVELERS COMPANIES INC COM STK NPV 10,358 10,358
TRIMBLE INC COM 31,868 31,868
TRUIST FINL CORP COM 7,028 7,028
TWIN DISC INC 21,409 21,409
TYLER TECHNOLOGIES INC 4,613 4,613
TYLER TECHNOLOGIES INC 15,569 15,569
US BANCORP 10,427 10,427
UBER TECHNOLOGIES INC COM 13,994 13,994
USCB FINANCIAL HOLDINGS INC CLASS A COM 21,975 21,975
ULTA BEAUTY INC COM 10,438 10,438
UNION PAC CORP COM 18,699 18,699
UNITED PARCEL SERVICE INC CL B 34,425 34,425
UNITEDHEALTH GROUP INC 40,469 40,469
UNITEDHEALTH GROUP INC 88,526 88,526
UNITY BANCORP INC 23,637 23,637
UNIVERSAL ELECTRONICS INC 10,373 10,373
UNIVERSAL TECHNICAL INSTITUTE INC 9,564 9,564
VANGUARD SMALL CAP VALUE ETF 1,038,067 1,038,067
VANGUARD INDEX FDS VANGUARD VALUE ETF 860,044 860,044
VERALTO CORP COM SHS 5,602 5,602
VERIZON COMMUNICATIONS INC 20,595 20,595
VERISK ANALYTICS INC COM 6,610 6,610
VERSABANK NEW COM NPV ISIN #CA92512J1066 SEDOL #BD7Y5X3 18,227 18,227
VERTEX PHARMACEUTICALS INC 23,759 23,759
VISA INC 47,090 47,090
VISA INC 57,203 57,203
VISA INC 57,203 57,203
VULCAN MATERIALS CO 7,460 7,460
WABTEC COM 14,030 14,030
WARNER BROS DISCOVERY INC COM SER A 6,754 6,754
WELLS FARGO CO NEW COM 52,188 52,188
WEST BANCORPORATION INC 12,470 12,470
WESTERN DIGITAL CORP. COM 3,995 3,995
WEX INC 15,954 15,954
WEYERHAEUSER CO MTN BE COM NEW 4,363 4,363
WOODWARD INC COM 56,084 56,084
WORKDAY INC COM USD0.001 CL A 9,805 9,805
WORKDAY INC COM USD0.001 CL A 108,115 108,115
YUM! BRANDS INC 9,794 9,794
YUM CHINA HLDGS INC COM 3,854 3,854
ZOETIS INC 8,798 8,798
AON PLC SHS CL A COM USD0.01 8,979 8,979
AON PLC SHS CL A COM USD0.01 109,903 109,903
ACCENTURE PLC 19,700 19,700
JOHNSON CONTROLS INTERNATIONAL PLC COM USD1.00 7,656 7,656
SEAGATE TECHNOLOGY HLDGS PUB LTD CO ORDINARY SHARES 3,798 3,798
PENTAIR PLC SHS 7,951 7,951
TE CONNECTIVITY PLC COM USD0.01 6,148 6,148
TE CONNECTIVITY PLC COM USD0.01 43,892 43,892
TRANE TECHNOLOGIES PLC COM USD1 11,450 11,450
WILLIS TOWERS WATSON PLC COM USD0.000304635 5,012 5,012
CHUBB LIMITED COM NPV ISIN #CH0044328745 17,683 17,683
GARMIN LTD COM CHF10.00 7,838 7,838
AERCAP HOLDINGS N.V. EUR0.01 88,905 88,905
NXP SEMICONDUCTORS NV 7,067 7,067
INVESCO DEVELOPING MARKETS Y 475,100 475,100
ABR 75/25 VOLATILITY FUND INSTL 56,552 56,552
ABR 75/25 VOLATILITY FUND INSTL 581,337 581,337
GMO CLIMATE CHANGE FUND CL I 316,318 316,318
GMO EMERGING MARKETS FUND I 965,814 965,814
GOLDMAN SACHS GQG PARTNERS INTL OPP I 1,826,572 1,826,572
JOHCM INTERNATIONAL SELECT INSTL 1,267,085 1,267,085
LOCORR LONG/SHORT COMMODITIES STRGY I 446,423 446,423
ALPINE INCOME PPTY TR INC COM 16,135 16,135
AMERICAN TOWER CORP NEW COM 8,804 8,804
CROWN CASTLE INC COM 4,175 4,175
CROWN CASTLE INC COM 27,682 27,682
DIGITAL REALTY TRUST INC 6,207 6,207
EQUINIX INC COM 10,372 10,372
GLOBAL MED REIT INC COM NEW 15,378 15,378
HOST HOTELS &RESORTS INC COM 4,941 4,941
IRON MTN INC DEL COM 7,778 7,778
OFFICE PROPERTIES INCOME TRUST COM USD0.01 SHS 6,093 6,093
PROLOGIS INC. COM 11,627 11,627
PUBLIC STORAGE OPER CO COM 6,288 6,288
SIMON PROPERTY GROUP INC 7,577 7,577
VENTAS INC 5,006 5,006
WELLTOWER INC COM 12,477 12,477

TY 2024 InvestmentsGovtObligationsSch
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
US Government Securities - End of Year Book Value:

246,659
US Government Securities - End of Year Fair Market Value:

246,659
State & Local Government Securities - End of Year Book Value:


138,040
State & Local Government Securities - End of Year Fair Market Value:


138,040


TY 2024 InvestmentsOtherSchedule2
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ML Private Equity Investments FMV 293,921 293,921
Private Equity Investment AT COST 6,105,847 7,067,206

TY 2024 LegalFeesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal 721 0   721


TY 2024 OtherAssetsSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Redemption Receivable 488,899    


TY 2024 OtherExpensesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office expense 9 0   9


TY 2024 OtherIncomeSchedule2
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Passthrough Income 43,869 92,145 43,869


TY 2024 OtherIncreasesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Description Amount
Unrealized appreciation 1,290,305


TY 2024 OtherProfessionalFeesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 123,951 123,951   0


TY 2024 TaxesSchedule
Name:
Beverley Taylor Sorenson Foundation
EIN:
46-3784084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal taxes 15,500 0   0
Foreign taxes 1,222 1,222   0