TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
JEFFREY S & HELEN H CARDON FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address) 1663 S DEVONSHIRE DR
Room/suite

City or town
SALT LAKE CITY

State or province
UT

Country

ZIP or foreign postal code
84108

A Employer identification number

20-2029087

B Telephone number (see instructions)

8018848051

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

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

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

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

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

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

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$31,256,560J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments	303		303
4	Dividends and interest from securities...	358,527		358,527
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		466,412
b	Gross sales price for all assets on line 6a 5,336,106
7	Capital gain net income (from Part IV, line 2)...			466,412
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).......
12	Total. Add lines 1 through 11........	825,242		825,242
13	Compensation of officers, directors, trustees, etc.	18,000		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	3,912	3,912	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	144	144	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	107,165	96,705	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	129,221		100,761	0
25	Contributions, gifts, grants paid.......	1,573,256			1,573,256
26	Total expenses and disbursements. Add lines 24 and 25 ................	1,702,477		100,761	1,573,256
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-877,235
b	Net investment income (if negative, enter -0-)			724,481
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	164,282	1,438,685	1,438,685
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	27,329,131	List of Attached Documents: // Content 25,177,493	29,817,875
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	27,493,413	26,616,178	31,256,560
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	27,493,413	26,616,178
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	27,493,413	26,616,178
	30	Total liabilities and net assets/fund balances (see instructions).	27,493,413	26,616,178

Part III

Analysis of Changes in Net Assets or Fund Balances

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

27,493,413

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

-877,235

Other increases not included in line 2 (itemize)

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

26,616,178

Decreases not included in line 2 (itemize)

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

26,616,178

Form 990-PF (2025)

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	WASATCH GLOBAL OPPORTUNITIES INVESTOR		2020-11-19	2025-12-31
b	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
c	WASATCH SMALL CAP GROWTH INVESTOR		2016-12-28	2025-12-31
d	INTRA-CELLULAR THERA		2020-04-09	2025-04-03
e	WASATCH SMALL CAP GROWTH INVESTOR		2017-12-27	2025-12-31
	FIRST INTST BANCSYST A		2021-06-22	2025-04-04
	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	SOLVENTUM CORP		2021-04-19	2025-01-15
	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	INOVIO PHARMACEUTICA		2021-08-26	2025-04-04
	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	COMPASS PATHWAYS ADR ADR		2021-05-10	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	FIRST INTST BANCSYST A		2021-04-19	2025-04-04
	RETAIL OPPORTUNITY I REIT		2020-03-16	2025-02-13
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	FIRST INTST BANCSYST A		2021-04-19	2025-01-15
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,012,500	1,170,685	-158,185
b	699,230	454,711	244,519
c	527,620	546,367	-18,747
d	514,800	70,512	444,288
e	444,519	470,763	-26,244
	96,105	173,960	-77,855
	88,865	57,670	31,195
	87,500	56,931	30,569
	87,500	56,877	30,623
	86,206	172,224	-86,018
	62,458	40,437	22,021
	26,223	38,208	-11,985
	26,223	38,272	-12,049
	23,370	248,083	-224,713
	17,642	30,731	-13,089
	15,750	10,193	5,557
	13,111	19,156	-6,045
	13,111	19,096	-5,985
	13,111	19,096	-5,985
	9,833	14,352	-4,519
	9,833	14,322	-4,489
	9,833	14,322	-4,489
	7,207	14,391	-7,184
	7,207	14,376	-7,169
	6,556	9,548	-2,992
	6,556	9,576	-3,020
	5,351	393,940	-388,589
	5,163	3,341	1,822
	4,805	9,584	-4,779
	4,805	9,594	-4,789
	4,805	9,594	-4,789
	4,805	9,578	-4,773
	4,805	9,594	-4,789
	4,805	9,580	-4,775
	3,500	2,264	1,236
	3,277	4,776	-1,499
	3,277	4,775	-1,498
	3,277	4,775	-1,498
	3,277	4,775	-1,498
	3,277	4,775	-1,498
	3,278	4,775	-1,497
	3,278	4,777	-1,499
	3,278	4,775	-1,497
	3,278	4,775	-1,497
	3,278	4,775	-1,497
	3,278	4,775	-1,497
	3,278	4,776	-1,498
	3,278	4,774	-1,496
	3,278	4,776	-1,498
	3,278	4,777	-1,499
	3,278	4,787	-1,509
	3,278	4,777	-1,499
	3,278	4,788	-1,510
	3,278	4,788	-1,510
	3,278	4,788	-1,510
	3,278	4,788	-1,510
	3,278	4,789	-1,511
	3,278	4,787	-1,509
	3,278	4,774	-1,496
	3,278	4,774	-1,496
	3,278	4,774	-1,496
	3,278	4,780	-1,502
	3,278	4,780	-1,502
	3,278	4,782	-1,504
	3,278	4,782	-1,504
	3,278	4,782	-1,504
	3,278	4,783	-1,505
	3,278	4,783	-1,505
	3,278	4,783	-1,505
	3,278	4,784	-1,506
	3,278	4,784	-1,506
	3,278	4,784	-1,506
	3,278	4,784	-1,506
	3,278	4,784	-1,506
	3,278	4,784	-1,506
	3,278	4,784	-1,506
	3,278	4,787	-1,509
	3,278	4,787	-1,509
	3,278	4,780	-1,502
	3,278	4,784	-1,506
	3,278	4,777	-1,499
	3,278	4,775	-1,497
	3,048	4,447	-1,399
	2,950	4,305	-1,355
	2,950	4,309	-1,359
	2,950	4,307	-1,357
	2,885	4,210	-1,325
	2,883	5,758	-2,875
	2,688	3,923	-1,235
	2,590	3,773	-1,183
	2,403	4,796	-2,393
	2,403	4,790	-2,387
	2,403	4,790	-2,387
	2,403	4,790	-2,387
	2,403	4,796	-2,393
	2,403	4,791	-2,388
	2,403	4,794	-2,391
	2,403	4,797	-2,394
	2,403	4,789	-2,386
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,789	-2,386
	2,403	4,797	-2,394
	2,403	4,788	-2,385
	2,403	4,797	-2,394
	2,403	4,787	-2,384
	2,403	4,797	-2,394
	2,403	4,798	-2,395
	2,403	4,797	-2,394
	2,403	4,797	-2,394
	2,403	4,797	-2,394
	2,403	4,797	-2,394
	2,403	4,797	-2,394
	2,403	4,787	-2,384
	2,403	4,797	-2,394
	2,403	4,797	-2,394
	2,403	4,797	-2,394
	2,403	4,797	-2,394
	2,403	4,787	-2,384
	2,403	4,796	-2,393
	2,403	4,796	-2,393
	2,403	4,797	-2,394
	2,360	3,447	-1,087
	2,162	4,317	-2,155
	2,162	4,317	-2,155
	2,162	4,317	-2,155
	2,162	4,317	-2,155
	2,162	4,317	-2,155
	2,162	4,317	-2,155
	2,162	4,317	-2,155
	2,162	4,310	-2,148
	2,162	4,309	-2,147
	2,162	4,311	-2,149
	2,162	4,310	-2,148
	2,066	4,121	-2,055
	1,970	3,928	-1,958
	1,967	2,870	-903
	1,967	2,873	-906
	1,922	3,838	-1,916
	1,874	3,735	-1,861
	1,672	2,436	-764
	1,669	17,720	-16,051
	1,541	2,246	-705
	1,514	3,016	-1,502
	1,311	1,914	-603
	1,114	1,626	-512
	1,082	1,575	-493
	1,082	1,575	-493
	793	1,583	-790
	793	1,583	-790
	745	1,485	-740
	688	1,003	-315
	688	1,005	-317
	590	861	-271
	524	766	-242
	524	766	-242
	524	765	-241
	524	764	-240
	432	862	-430
	393	575	-182
	384	766	-382
	384	766	-382
	384	767	-383
	384	767	-383
	384	768	-384
	340	3,604	-3,264
	340	3,597	-3,257
	340	3,598	-3,258
	340	3,599	-3,259
	340	3,598	-3,258
	340	3,598	-3,258
	340	3,600	-3,260
	340	3,604	-3,264
	340	3,604	-3,264
	340	3,604	-3,264
	340	3,604	-3,264
	340	3,606	-3,266
	340	3,608	-3,268
	340	3,600	-3,260
	340	3,608	-3,268
	340	3,608	-3,268
	229	335	-106
	197	287	-90
	197	287	-90
	144	287	-143
	119	1,260	-1,141
	96	192	-96
	96	192	-96
	96	192	-96
	35	23	12
	33	48	-15
	33	48	-15
	33	48	-15
	1,044,892		1,044,892

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			-158,185
b			244,519
c			-18,747
d			444,288
e			-26,244
			-77,855
			31,195
			30,569
			30,623
			-86,018
			22,021
			-11,985
			-12,049
			-224,713
			-13,089
			5,557
			-6,045
			-5,985
			-5,985
			-4,519
			-4,489
			-4,489
			-7,184
			-7,169
			-2,992
			-3,020
			-388,589
			1,822
			-4,779
			-4,789
			-4,789
			-4,773
			-4,789
			-4,775
			1,236
			-1,499
			-1,498
			-1,498
			-1,498
			-1,498
			-1,497
			-1,499
			-1,497
			-1,497
			-1,497
			-1,497
			-1,498
			-1,496
			-1,498
			-1,499
			-1,509
			-1,499
			-1,510
			-1,510
			-1,510
			-1,510
			-1,511
			-1,509
			-1,496
			-1,496
			-1,496
			-1,502
			-1,502
			-1,504
			-1,504
			-1,504
			-1,505
			-1,505
			-1,505
			-1,506
			-1,506
			-1,506
			-1,506
			-1,506
			-1,506
			-1,506
			-1,509
			-1,509
			-1,502
			-1,506
			-1,499
			-1,497
			-1,399
			-1,355
			-1,359
			-1,357
			-1,325
			-2,875
			-1,235
			-1,183
			-2,393
			-2,387
			-2,387
			-2,387
			-2,393
			-2,388
			-2,391
			-2,394
			-2,386
			-2,393
			-2,393
			-2,393
			-2,393
			-2,393
			-2,393
			-2,393
			-2,393
			-2,393
			-2,386
			-2,394
			-2,385
			-2,394
			-2,384
			-2,394
			-2,395
			-2,394
			-2,394
			-2,394
			-2,394
			-2,394
			-2,384
			-2,394
			-2,394
			-2,394
			-2,394
			-2,384
			-2,393
			-2,393
			-2,394
			-1,087
			-2,155
			-2,155
			-2,155
			-2,155
			-2,155
			-2,155
			-2,155
			-2,148
			-2,147
			-2,149
			-2,148
			-2,055
			-1,958
			-903
			-906
			-1,916
			-1,861
			-764
			-16,051
			-705
			-1,502
			-603
			-512
			-493
			-493
			-790
			-790
			-740
			-315
			-317
			-271
			-242
			-242
			-241
			-240
			-430
			-182
			-382
			-382
			-383
			-383
			-384
			-3,264
			-3,257
			-3,258
			-3,259
			-3,258
			-3,258
			-3,260
			-3,264
			-3,264
			-3,264
			-3,264
			-3,266
			-3,268
			-3,260
			-3,268
			-3,268
			-106
			-90
			-90
			-143
			-1,141
			-96
			-96
			-96
			12
			-15
			-15
			-15
			1,044,892

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	466,412
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	10,070
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	10,070
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	10,070
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	515
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	10,585
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax	Refunded	11
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. $ 0(2) On foundation managers.$ 0

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

on foundation managers.$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.

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

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

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

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

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

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

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

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

Yes

Website addressN/A

The books are in care ofHELEN H CARDON Telephone no. (801) 884-8051

Located at1663 S DEVONSHIRE DRIVESALT LAKE CITYUT ZIP+484108

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

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

16 At any time during calendar year 2025, 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

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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 2025? .............

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

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

At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

If "Yes," list the years 20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2025 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 Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..

Form 990-PF (2025)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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? .................

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
HELEN H CARDON	PRESIDENT/DIRECTOR 1.00	9,000
1663 DEVONSHIRE DRIVE SALT LAKE CITY,UT84108	PRESIDENT/DIRECTOR 1.00	9,000
JEFFREY S CARDON	SECRETARY/TREASURER/DIRECT 1.00	9,000
1663 DEVONSHIRE DRIVE SALT LAKE CITY,UT84108	SECRETARY/TREASURER/DIRECT 1.00	9,000
GEORGE J CARDON	DIRECTOR 1.00	0
434 NORTH A STREET SALT LAKE CITY,UT84103	DIRECTOR 1.00	0

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


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









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

Form 990-PF (2025)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................0

Form 990-PF (2025)

Page 8

Part IX

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

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

purposes:

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

30,990,842

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

487,125

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

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

31,477,967

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

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

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

31,477,967

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

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

472,170

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

31,005,797

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

1,550,290

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

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

1,550,290

Tax on investment income for 2025 from Part V, line 5 .......

10,070

Income tax for 2025. (This does not include the tax from Part V.) ...

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

10,070

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

1,540,220

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

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

1,540,220

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

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

1,540,220

Part XI

Qualifying Distributions (see instructions)

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

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

1,573,256

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,573,256

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7				1,540,220
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......			1,569,250
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2025:
a From 2020......
b From 2021......
c From 2022......
d From 2023......
e From 2024......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,573,256
a Applied to 2024, but not more than line 2a			1,569,250
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 2025 distributable amount.....				4,006
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2025.	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 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........				1,536,214
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 2020 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....
c Excess from 2023 ....
d Excess from 2024 ....
e Excess from 2025 ....

Form 990-PF (2025)

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 2025, enter the date of the ruling ......

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2025	(b) 2024	(c) 2023	(d) 2022	(e) Total

b 85% (0.85) of line 2a .......
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, 3b, or 3c 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).)

HELEN H CARDON

JEFFREY S CARDON

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 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, 2b, 2c, and 2d. 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 (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
10-07 CHARITABLE FUND 569 OGDEN CANYON OGDEN,UT84401	NONE		CHARITABLE CONTRIBUTION	3,000
ABILITY FOUND 2324 CONSTITUTION BLVD WEST VALLEY CITY,UT84119	NONE		CHARITABLE CONTRIBUTION	2,000
AMERICAN CANCER SOCIETY 941 E 3300 S 100 SALT LAKE CITY,UT84106	NONE		CHARITABLE CONTRIBUTION	5,000
ART ACCESS 230 S 500 W SALT LAKE CITY,UT84101	NONE		CHARITABLE CONTRIBUTION	3,000
ART SPACE 230 S 500 W SALT LAKE CITY,UT84101	NONE		CHARITABLE CONTRIBUTION	1,500
BOYS & GIRLS CLUB OF SALT LAKE CITY 669 S 200 E 100 SALT LAKE CITY,UT84111	NONE		CHARITABLE CONTRIBUTION	40,000
CACHE VALLEY LANGUAGE CENTER 1544 N 200 W LOGAN,UT84341	NONE		CHARITABLE CONTRIBUTION	25,000
COUNTRY CLUB CARES FOUNDATION 2400 E COUNTRY CLUB DR SALT LAKE CITY,UT84109	NONE		CHARITABLE CONTRIBUTION	10,000
ENCIRCLE FOR SALT LAKE CITY 331 600 E SALT LAKE CITY,UT84102	NONE		CHARITABLE CONTRIBUTION	16,000
ENVIRONMENTAL RESOURCE CENTER PO BOX 819 KETCHUM,ID83340	NONE		CHARITABLE CONTRIBUTION	20,000
FAMILY PROMISE 814 W 800 S SALT LAKE CITY,UT84104	NONE		CHARITABLE CONTRIBUTION	5,000
GIRLS ON THE RUN PO BOX 58337 SALT LAKE CITY,UT84158	NONE		CHARITABLE CONTRIBUTION	3,500
GLOBAL EMPOWERMENT MISSION 1850 NW 84TH AVE 100 DORAL,FL33126	NONE		CHARITABLE CONTRIBUTION	3,000
GUADALUPE SCHOOL 1385 N 1200 W SALT LAKE CITY,UT84116	NONE		CHARITABLE CONTRIBUTION	40,000
JEWISH FAMILY SERVICE RENTAL AS 495 E 4500 S STE 100 SALT LAKE CITY,UT84107	NONE		CHARITABLE CONTRIBUTION	20,000
KEYSTONE RECOVERY CENTER 1159 30TH STREET OGDEN,UT84403	NONE		CHARITABLE CONTRIBUTION	5,000
MALIHEH FREE CLINIC 415 E 3900 S SALT LAKE CITY,UT84107	NONE		CHARITABLE CONTRIBUTION	25,000
NATIONAL ABILITY CENTER PO BOX 682799 PARK CITY,UT84068	NONE		CHARITABLE CONTRIBUTION	8,000
NATIONAL ALLIANCE ON MENTAL ILLNESS 1600 W 2200 S 202 WEST VALLEY CITY,UT84119	NONE		CHARITABLE CONTRIBUTION	3,000
NATURE CONSERVANCY 559 E SOUTH TEMPLE SALT LAKE CITY,UT84102	NONE		CHARITABLE CONTRIBUTION	13,000
NEIGHBORHOOD HOUSE 1050 W 500 S SALT LAKE CITY,UT84104	NONE		CHARITABLE CONTRIBUTION	58,000
PACE SLCC SCHOLARSHIP 4600 SOUTH REDWOOD ROAD SALT LAKE CITY,UT84123	NONE		CHARITABLE CONTRIBUTION	25,000
PEOPLE HELPING PEOPLE 205 N 400 W SALT LAKE CITY,UT84103	NONE		CHARITABLE CONTRIBUTION	15,000
RED BUTTE GARDEN 300 WAKARA WAY SALT LAKE CITY,UT84108	NONE		CHARITABLE CONTRIBUTION	10,706
RITECARE OF UTAH 650 E S TEMPLE SALT LAKE CITY,UT84102	NONE		CHARITABLE CONTRIBUTION	4,000
SALT LAKE BICYCLE COLLECTIVE 2312 SW TEMPLE SOUTH SALT LAKE,UT84115	NONE		CHARITABLE CONTRIBUTION	5,000
SALT LAKE COMMUNITY FOUNDATION 2257 1100 E UNIT 205 SALT LAKE CITY,UT84106	NONE		CHARITABLE CONTRIBUTION	150,000
SALT LAKE DONATED DENTAL 1383 S 900 W 128 SALT LAKE CITY,UT84104	NONE		CHARITABLE CONTRIBUTION	7,000
SHANNON J SCHOLARSHIP PO BOX 452 ROY,UT84067	NONE		CHARITABLE CONTRIBUTION	5,000
SNOW BASIN EDUCATION FOUNDATION 3925 SNOW BASIN RD HUNTSVILLE,UT84317	NONE		CHARITABLE CONTRIBUTION	32,500
THE CHILDREN'S CENTER 5242 S 4820 W KEARNS,UT84118	NONE		CHARITABLE CONTRIBUTION	46,550
THE HAVEN 974 E S TEMPLE SALT LAKE CITY,UT84102	NONE		CHARITABLE CONTRIBUTION	15,000
THE INN BETWEEN 1216 E 1300 S SALT LAKE CITY,UT84105	NONE		CHARITABLE CONTRIBUTION	5,000
THE UNIVERSITY OF NOTRE DAME UNIVERSITY OF NOTRE DAME NOTRE DAME,IN46556	NONE		CHARITABLE CONTRIBUTION	125,000
THE UNIVERSITY OF UTAH 201 PRESIDENTS CIR SALT LAKE CITY,UT84112	NONE		CHARITABLE CONTRIBUTION	535,000
TORREY HOUSE PRESS 2806 E MELONY DR SALT LAKE CITY,UT84124	NONE		CHARITABLE CONTRIBUTION	40,000
TRYALL FUND 641 LEXINGTON AVENUE 29TH FLOOR NEW YORK,NY10022	NONE		CHARITABLE CONTRIBUTION	10,000
UTAH NALAXONE 525 EAST 100 SOUTH 4400 SALT LAKE CITY,UT84102	NONE		CHARITABLE CONTRIBUTION	10,000
UTAH YMCA 675 E 2100 S STE 200 SALT LAKE CITY,UT84106	NONE		CHARITABLE CONTRIBUTION	15,000
VALLEY CAMP 5582 WALKER WOODS LANE SALT LAKE CITY,UT84117	NONE		CHARITABLE CONTRIBUTION	5,000
VOLUNTEERS OF AMERICA 435 W BEARCAT DRIVE SALT LAKE CITY,UT84115	NONE		CHARITABLE CONTRIBUTION	10,000
WEBER STATE UNIVERSITY 3848 HARRISON BLVD OGDEN,UT84408	NONE		CHARITABLE CONTRIBUTION	10,000
WOMEN OF THE WORLD 415 E 3900 S SALT LAKE CITY,UT84107	NONE		CHARITABLE CONTRIBUTION	10,000
WOMEN'S RETREAT HOUSE PO BOX 9044 SALT LAKE CITY,UT84414	NONE		CHARITABLE CONTRIBUTION	5,000
YOUTH IMPACT 2305 GRANT AVE OGDEN,UT84401	NONE		CHARITABLE CONTRIBUTION	5,000
YOUTH SPORTS ALLIANCE 1665 BONANZA DR PARK CITY,UT84060	NONE		CHARITABLE CONTRIBUTION	30,000
BE BETTER FOUNDATION 1599 GLENEAGLES DR BOWLING GREEN,OH43402	NONE		CHARITABLE CONTRIBUTION	2,000
CACHE REFUGEE & IMMIGRATION CON 1115 N 200 E SUITE 130 LOGAN,UT84341	NONE		CHARITABLE CONTRIBUTION	5,000
HEAL PALESTINE 1675 E MAIN ST SUITE 248 KENT,OH44240	NONE		CHARITABLE CONTRIBUTION	5,000
HUMANE SOCIETY OF SEDONA 2115 SHELBY DR SEDONA,AZ86336	NONE		CHARITABLE CONTRIBUTION	5,000
MORAN EYE CENTER 65 MARIO CAPECCHI DR SALT LAKE CITY,UT84132	NONE		CHARITABLE CONTRIBUTION	10,000
PALESTINE CHILDREN'S RELIEF FUN 360 E 2ND ST STE 710 LOS ANGELES,CA90012	NONE		CHARITABLE CONTRIBUTION	5,000
PROJECT EMBRACE 6268 W 8235 S WEST JORDAN,UT84081	NONE		CHARITABLE CONTRIBUTION	12,500
RAIN FOREST FOUNDATION 50 COURT ST SUITE 712 BROOKLYN,NY11201	NONE		CHARITABLE CONTRIBUTION	5,000
RESCUE ROBERS 11624 S BROADVIEW WAY SANDY,UT84092	NONE		CHARITABLE CONTRIBUTION	12,500
SAFE PROJECT 1201 WILSON BLVD ARLINGTON,VA22209	NONE		CHARITABLE CONTRIBUTION	5,000
TAYLOR HAGEN MEMORIAL INC 6376 S CREST MOUNT CIR HOLLADAY,UT84121	NONE		CHARITABLE CONTRIBUTION	10,000
THE OTHERSIDE VILLAGE 1882 W INDIANA AVE SALT LAKE CITY,UT84104	NONE		CHARITABLE CONTRIBUTION	10,000
UPLIFT COMMUNITY ALLIANCE 2060 E 3300 S SALT LAKE CITY,UT84109	NONE		CHARITABLE CONTRIBUTION	6,000
UTAH DOMESTIC VIOLENCE COALITIO 124 S 400 E SUITE 430 SALT LAKE CITY,UT84111	NONE		CHARITABLE CONTRIBUTION	6,000
UTAH MUSEUM OF NATURAL HISTORY 301 WAKARA WAY SALT LAKE CITY,UT84108	NONE		CHARITABLE CONTRIBUTION	23,400
UTAH PRIDE CENTER 68 S MAIN ST 9TH FLOOR SALT LAKE CITY,UT84101	NONE		CHARITABLE CONTRIBUTION	1,100
VALLEY BEHAVIORAL HEALTH 443 S 600 E SALT LAKE CITY,UT84102	NONE		CHARITABLE CONTRIBUTION	10,000
Total ................................. 3a				1,573,256

bApproved for future payment

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

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	303
4 Dividends and interest from securities ....			14	358,527
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 ............			18	466,412
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		825,242	0

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

825,242

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2025)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 AccountingFeesSchedule

Name:

JEFFREY S & HELEN H CARDON FOUNDATION

EIN:

20-2029087

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CBIZ	3,912	3,912		0

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

JEFFREY S & HELEN H CARDON FOUNDATION

EIN:

20-2029087

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO: MMM	167,279	160,100
APPLE INC	11,913	192,477
CAMECO CORP	258,030	823,410
CHEWY INC	829,999	1,074,125
DOCUSIGN	401,519	684,000
FIRST INSTT BANCSYST	845,404	678,160
GENUINE PARTS CO	80,596	174,603
GLENCORE PLC	349,760	317,780
KNIGHT SWIFT TRANSPORTATION	426,880	480,976
LVMH MOET HENNESSY LOU	17,845	82,946
MICROCHIP TECHNOLOGY	118,652	589,410
MSC INDL DIRECT INC	967,308	925,100
PAYCHEX INC	717,439	1,301,288
PEPSICO INCORPORATED	150,808	337,272
SHAKE SHACK	501,203	487,020
SIX FLAGS ENTERTAINMENT CORP	1,366,831	653,039
SONOS	633,382	509,240
SPROTT PHYSICAL URANIU F	255,353	332,345
SYSCO CORPORATION	150,340	397,926
TENCENT HOLDINGS	5,399	70,809
THE MOSAIC CO	410,280	144,540
VERIZON COMMUNICATION	150,529	171,066
VISA INC	15,773	151,507
WASATCH EMRG INDIA FD	895,525	1,686,296
WASATCH EMRG MKT SLCT	500,000	942,089
WASATCH GLOBAL OPPORTUNIES	1,358,641	2,125,228
WASATCH INTL GRTH	300,000	206,294
WASATCH SMALL CAP GR	10,559,803	10,931,562
WASATCH SMALL CAP VL	400,000	794,462
MICRON TECHNOLOGY	348,110	998,935
SHIFT4 PMTS	292,194	264,474
ISHARES 20 PLS YEAR TREASURY BOND ETF	992,901	923,896
PROSHARES ULTRAPRO SHORT QQQ ETF	697,797	205,500

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

JEFFREY S & HELEN H CARDON FOUNDATION

EIN:

20-2029087

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BROKERAGE FEES	144	144		0

- TIN:

TY 2025 TaxesSchedule

Name:

JEFFREY S & HELEN H CARDON FOUNDATION

EIN:

20-2029087

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	96,705	96,705		0
FEDERAL INCOME TAX PAYMENTS	10,460	0		0