THE RAY AND TYE NOORDA FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: THE RAY AND TYE NOORDA FOUNDATION (EIN 87-0649164)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-11-15
IRS object ID: 201743199349104614
Schema version: 2016v3.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
All Oth Prog Rltd Investments Sch
Contractor Compensation Expln
Depreciation Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-11-15T16:50:36-06:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GRANT THORNTON LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	155 North 400 West Suite 500	AddressLine1Txt
City	SALT LAKE CITY	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84103	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	870649164	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Ray and Tye Noorda Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% CAROLE DUMAS	InCareOfNm
Business Name Control	RAYA	BusinessNameControlTxt
Phone	8012256731	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	333 South 520 West Suite 101	AddressLine1Txt
City	Lindon	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84042	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ANDREW NOORDA	PersonNm
Person Title	OFFICER	PersonTitleTxt
Phone	8019326218	PhoneNum
Signature	2017-11-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jennifer Smith	PreparerPersonNm
PTIN	P00401958	PTIN
Phone	8015316888	PhoneNum
Preparation	2017-11-13	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	38.84.128.189	IPv4AddressTxt

Field	Value	IRS element (for citing)
Federal Original Submission Id	87230820173195000007	FederalOriginalSubmissionId
Federal Original Submission Id	2017-11-15	FederalOriginalSubmissionIdDt
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DC906E2EE1CCDDDFFB18E97922A0A0353044228F	AtSubmissionCreationDeviceId
At Submission Filing Device Id	4DB46F552792A4BF1FD1D7787AEC0CAE4EC7AE02	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2018-03-14 21:41:22Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$227,234,382	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$2,000,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$2,464	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$2,464	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$5,024,272	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$5,024,272	DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss	$3,803	GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm	$3,803	GrossRentsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$98,358	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$151,036,834	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$16,637	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$12,072	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$6,948,818	TotalRevAndExpnssAmt
Total Net Invst Incm	$5,042,611	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Oth Empl Slrs Wgs Rev And Expnss	$154,526	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$77,263	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$38,632	OthEmplSlrsWgsDsbrsChrtblAmt
Legal Fees Rev And Expnss	$42,449	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$21,224	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$0	LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl	$0	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$29,400	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$14,700	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$0	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$182,862	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$121,684	TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss	$49	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$24	TravConfMeetingNetInvstIncmAmt
Other Expenses Rev And Expnss	$1,497,852	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$1,443,821	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$6,184	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,907,138	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,678,716	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$44,816	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$32,333,877	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$32,333,877	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$34,241,015	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,678,716	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$32,378,693	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$27,292,197	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,363,895	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$14,302,182	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$10,485,746	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$10,485,746	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$121,657,742	CorporateStockBOYAmt
Corporate Stock EOY	$99,041,644	CorporateStockEOYAmt
Corporate Stock EOYFMV	$106,435,548	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$101,949,144	CorporateBondsBOYAmt
Corporate Bonds EOY	$101,338,287	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$102,391,624	CorporateBondsEOYFMVAmt
Other Investments BOY	$5,670,845	OtherInvestmentsBOYAmt
Other Investments EOY	$5,419,118	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$7,863,082	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$4,252	OtherAssetsBOYAmt
Other Assets EOY	$5,087	OtherAssetsEOYAmt
Other Assets EOYFMV	$58,382	OtherAssetsEOYFMVAmt
Total Assets BOY	$243,584,165	TotalAssetsBOYAmt
Total Assets EOY	$216,289,882	TotalAssetsEOYAmt
Total Assets EOYFMV	$227,234,382	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$2,086	AccountsPayableBOYAmt
Accounts Payable EOY	$0	AccountsPayableEOYAmt
Total Liabilities BOY	$2,086	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$243,582,079	RetainedEarningBOYAmt
Retained Earning EOY	$216,289,882	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$243,582,079	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$216,289,882	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$243,584,165	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$216,289,882	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$243,582,079	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$27,292,197	ExcessRevenueOverExpensesAmt
Subtotal	$216,289,882	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$216,289,882	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (21 entries)

PropertyPropertyDesc	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	AcquiredAcquiredDt	SoldSoldDt	How AcquiredHowAcquiredCd
US BANK STCG - ATTACHMENT A	$34,239,057	$34,604,348	-$365,288	-$365,291
US BANK LTCG - ATTACHMENT A	$65,512,185	$64,593,184	$1,014,529	$919,001
US BANK 28% RATE GAIN - ATTACHMENT A	$1,603	$1,960	-$357	-$357
US BANK NON-DIV DISTRIBUTIONS	$12,591		$12,591	$12,591
MERRILL LYNCH STCG - ATTACHMENT B	$4,560,297	$4,727,009	-$166,712	-$166,712
MERRILL LYNCH LTCG - ATTACHMENT B	$13,624,037	$14,701,736	-$1,062,423	-$1,077,699
REAL ESTATE SELECT CASH/LIEU	$1		$1	$1	2016-09-23	2016-09-23
MERRILL LYNCH STCG- ATTACHMENT B	$64,126	$55,476	$8,650	$8,650
MERRILL LYNCH STCG - ATTACHMENT E	$3,164,236	$3,114,522	$49,714	$49,714
MERRILL LYNCH LTCG - ATTACHMENT E	$7,314,240	$6,759,627	$554,613	$554,613
REAL ESTATE SELECT CASH/LIEU	$11		$11	$11	2016-09-23	2016-09-23
THE BLACKSTONE GROUP	$234,550	$316,546	-$81,996	-$81,996
MERRILL LYNCH STCG - ATTACHMENT C	$4,712,866	$4,930,883	-$218,017	-$218,017
MERRILL LYNCH LTCG - ATTACHMENT C	$9,233,885	$9,343,106	-$101,171	-$109,221
7478.0 SHS SPDR GOLD TRUST	$48,416	$41,883	$6,533	$6,533	2016-02-01
MERRILL LYNCH STCG - ATTACHMENT D	$3,743,648	$4,131,144	-$380,999	-$387,496
MERRILL LYNCH LTCG - ATTACHMENT D	$4,583,614	$4,693,878	-$109,014	-$110,264
FORTIVE CORP CASH/LIEU	$25		$25	$25	2016-07-11	2016-07-11
REAL ESTATE SELECT CASH/LIEU	$26		$26	$26	2016-09-23	2016-09-23
REAL ESTATE SELECT CASH/LIEU	$11		$11	$11	2016-09-23	2016-09-23
CAPITAL GAIN DIVIDENDS			$718,222				P

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$98,358	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$27,822,573	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$257,702,339	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.107964	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$4,135,250	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$181,209,440	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.02282	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$3,648,534	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$81,729,379	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.044642	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$380,030	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$75,602,362	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.005027	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$3,710,025	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$74,662,130	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.049691	DistributionYr5Rt
Total Distribution	0.230144	TotalDistributionRt
Average Distribution	0.046029	AverageDistributionRt
Net Vl Noncharitable Assets	$232,020,780	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$10,679,684	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$33,639	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$10,713,323	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$32,378,693	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$33,639	InvestmentIncomeExciseTaxAmt
Subtotal	$33,639	SubtotalAmt
Tax Based On Investment Income	$33,639	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$15,106	EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax	$22,500	AppliedToEsTaxAmt
Total Payments And Credits	$37,606	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$462	EsPenaltyAmt
Overpayment	$3,505	OverpaymentAmt
Applied To ES Tax	$3,505	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	UT	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	CAROLE DUMAS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8019326218	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	333 SOUTH 520 WEST SUITE 300	AddressLine1Txt
City	LINDON	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84042	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
Andy Noorda
333 South 520 West Suite 101	Lindon	UT	84042	Officer	2.0	$0	$0	$0
Brent Noorda
1 Lakeside Dr Apt 511	Oakland	CA	94612	Trustee	2.0	$0	$0	$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
MERRILL LYNCH
1500 MERRILL LYNCH DR NJ2-150-01-1	PENNINGTON	NJ	085344129	0	$712,879
US BANK
PO BOX 3168 - TRUST TAX	PORTLAND	OR	97208	0	$595,266

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	NONE	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$215,482,434	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$12,393,964	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$7,677,693	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$235,554,091	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$235,554,091	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$3,533,311	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$232,020,780	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$11,601,039	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$11,601,039	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$33,639	TaxBasedOnInvestmentIncomeAmt
Total Tax	$33,639	TotalTaxAmt
Distributable Before Adj	$11,567,400	DistributableBeforeAdjAmt
Distributable Before Ded	$11,567,400	DistributableBeforeDedAmt
Distributable As Adjusted	$11,567,400	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$32,378,693	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$32,378,693	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$33,639	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$32,345,054	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$11,567,400	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Prior Year1	2014	PriorYear1Yr
Prior Year2	2013	PriorYear2Yr
Prior Year3	2012	PriorYear3Yr
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$23,098	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr1	$15,030,756	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$15,053,854	TotalExcessDistributionCyovAmt
Qualifying Distributions	$32,378,693	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Current Year	$11,567,400	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$20,811,293	RemainingDistriFromCorpusAmt
Total Corpus	$35,865,147	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$23,098	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$35,842,049	ExcessDistriCyovToNextYrAmt
Excess From Year1	$15,030,756	ExcessFromYear1Amt
Excess From Current Year	$20,811,293	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Shareholder Manager	NONE	ShareholderManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (59 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
AMERICAN DIABETES ASSOCIATION
PO BOX 11454	ALEXANDRIA	VA	22312	NONE	PC	HUMANITARIAN	$100,000
FOOD & CARE COALITION
299 E 900 S	Provo	UT	84606	NONE	PC	HUMANITARIAN	$350,000
NATIONAL MULTIPLE SCLEROSIS SOCIETY
PO BOX 4527	New York	NY	10163	NONE	PC	HUMANITARIAN	$100,000
PRIMARY CHILDREN'S HOSPITAL FOUNDATION
100 NORTH MARIO CAPECCHI DR	SALT LAKE CITY	UT	84113	NONE	PC	HUMANITARIAN	$250,000
KIDS ON THE MOVE INC
475 West 260 North	OREM	UT	84057	NONE	PC	HUMANITARIAN	$1,500,000
KOSTOPULOS DREAM FOUNDATION
475 West 260 North	OREM	UT	84057	NONE	PC	HUMANITARIAN	$100,000
FRIENDS OF WASATCH MENTAL HEALTH FOUNDATION
750 N 200 W STE 301	PROVO	UT	84601	NONE	PC	HUMANITARIAN	$15,000
FREEDOM CEMETERY PRESERVATION FOUNDATION
770 E 9000 S	SANDY	UT	84094	NONE	PC	HUMANITARIAN	$5,000
THE CENTER FOR WOMEN AND CHILDREN IN CRISIS
PO BOX 1075	PROVO	UT	84603	NONE	PC	HUMANITARIAN	$250,000
PLAYWORKS UTAH
1214 E Wilmington Ave	SALT LAKE CITY	UT	84106	NONE	PC	HUMANITARIAN	$500,000	SUITE 102
ST JOSEPH'S HOSPITALS FOUNDATION
2700 W Dr Martin Luther King Jr	TAMPA	FL	33607	NONE	PC	HUMANITARIAN	$250,000	SUITE 310
THE UNIVERSITY OF UTAH
540 Arapeen Drive Suite 250	SALT LAKE CITY	UT	84108	NONE	PC	HUMANITARIAN	$250,000
UTAH COUNCIL FOR THE BLIND
250 North 1950 West	SALT LAKE CITY	UT	84116	NONE	PC	HUMANITARIAN	$150,000
Utah Schools for the Deaf and Blind
742 Harrison Blvd	OGDEN	UT	84404	NONE	PC	HUMANITARIAN	$150,000
Utah Valley Healthcare Foundation
1034 N 500 W 304	PROVO	UT	84604	NONE	PC	HUMANITARIAN	$100,000
UTAH VALLEY UNIVERSITY FOUNDATION
800 West University Parkway MS111	OREM	UT	84058	NONE	PC	HUMANITARIAN	$3,100,000
WEBER STATE UNIVERSITY
4018 University Circle	OGDEN	UT	84408	NONE	PC	HUMANITARIAN	$3,100,000
THE ROAD HOME
210 S Rio Grande Street	SALT LAKE CITY	UT	84101	NONE	PC	HUMANITARIAN	$30,000
RESCUE MISSION OF SALT LAKE
463 S 400 W	SALT LAKE CITY	UT	84101	NONE	PC	HUMANITARIAN	$15,000
THE STRAIGHTER WAY FOUNDATION
1308 NORTH 800 WEST	SARATOGA SPRINGS	UT	84045	NONE	PC	HUMANITARIAN	$250,000
AMERICAN RED CROSS
555 East 300 South Suite 200	SALT LAKE CITY	UT	84102	NONE	PC	HUMANITARIAN	$35,000
PKD FOUNDATION
8330 Ward Parkway Suite 510	KANSAS CITY	MO	64114	NONE	PC	HUMANITARIAN	$30,000
COLLEGE OF NURSING UNIVERSITY OF UTAH
10 South 2000 East	SALT LAKE CITY	UT	84112	NONE	PC	HUMANITARIAN	$100,000
HABITAT FOR HUMANITY
340 S Orem Blvd	OREM	UT	84058	NONE	PC	HUMANITARIAN	$150,000
BUILDING YOUTH AROUND THE WORLD
2785 W 9000 S 10	WEST JORDAN	UT	84088	NONE	PC	HUMANITARIAN	$23,000
CLEAR HORIZONS ACADEMY
1875 S GENEVA ROAD	OREM	UT	84058	NONE	PC	HUMANITARIAN	$150,000
HERITAGE SCHOOLS INC
5600 N HERITAGE SCHOOL DR	PROVO	UT	84604	NONE	PC	HUMANITARIAN	$150,000
UPSCALE MUSIC FOUNDATION
650 S STATE STREET	OREM	UT	84058	NONE	PC	HUMANITARIAN	$40,000
SPECIAL OLYMPICS UTAH
1400 S FOOTHILL DRIVE SUITE 238	SALT LAKE CITY	UT	84108	NONE	PC	HUMANITARIAN	$10,000
HYDROCEPHALUS CLINICAL RESEARCH
333 S 520 W	Lindon	UT	84042	NONE	PC	HUMANITARIAN	$250,000
ALZHEIMER'S ASSOCIATION UTAH CHAPTER
855 EAST 4800 SOUTH SUITE 100	SALT LAKE CITY	UT	84107	NONE	PC	HUMANITARIAN	$200,000
AUTISM JOURNEYS
PO BOX 119	DRAPER	UT	840200119	NONE	PC	HUMANITARIAN	$20,000
BUILD
2385 BAY ROAD	REDWOOD CITY	CA	64063	NONE	PC	HUMITARIAN	$1,333,333
CENTER FOR ALZHEIMER'S CARE
729 ARAPEEN DRIVE	SALT LAKE CITY	UT	84108	NONE	PC	HUMANITARIAN	$200,000
CIRCLES
815 S FREEDOM BLVD SUITE 100	PROVO	UT	84601	NONE	PC	HUMANITARIAN	$1,792,844
FAMILY INDEPENDENCE INITIATIVE
1203 PRESERVATION PARK WAY 100	OAKLAND	CA	94612	NONE	PC	HUMANITARIAN	$1,500,000
FIRST PLACE FOR YOUTH
42617TH STREET	OAKLAND	CA	94612	NONE	PC	HUMANITARIAN	$1,930,000
FOCUS POINTS
2501 E 48TH AVENUE	DENVER	CO	80216	NONE	PC	HUMANITARIAN	$1,137,000
GIVEDIRECTLY
PO BOX 3221	NEW YORK	NY	10008	NONE	PC	HUMANITARIAN	$400,000
ROOM TO GROW
7 WEST 30th STREET	NEW YORK	NY	10001	NONE	PC	HUMANITARIAN	$1,600,000
THERAPY ANIMALS OF UTAH
2459 WEST 300 NORTH	PROVO	UT	84601	NONE	PC	HUMANITARIAN	$3,000
THE ALS ASSOCIATION
10855 DOVER STREET SUITE 200	WESTMINISTER	CO	80021	NONE	PC	HUMANITARIAN	$75,000
FALCO'S CHILDREN AFRICA INC
2017 W ROCKPORT STREET	BROKEN ARROW	OK	74012	NONE	PC	HUMANITARIAN	$196,700
BOYS AND GIRLS CLUB OF UTAH COUNTY
1060 EAST 150 NORTH	PROVO	UT	84606	NONE	PC	HUMANITARIAN	$1,500,000
HEAD START
1307 SOUTH 900 WEST	SALT LAKE CITY	UT	84104	NONE	PC	HUMANITARIAN	$2,000,000
INTERMOUNTAIN FOUNDATION
36 SOUTH STATE STREET	SALT LAKE CITY	UT	84111	NONE	PC	HUMANITARIAN	$1,000,000
MYAGRO FARMS
3161 CATALINA ISLAND ROAD	WEST SACRAMENTO	CA	95691	NONE	PC	HUMANITARIAN	$500,000
ONE ACRE FUND
80 BROAD STREET SUITE 2500	NEW YORK	NY	10004	NONE	PC	HUMANITARIAN	$1,000,000
ONEGOAL
215 WEST SUPERIOR STREET SUITE 700	CHICAGO	IL	60654	NONE	PC	HUMANITARIAN	$500,000
REPRESENT US
PO BOX 6008	FLORENCE	MA	01062	NONE	PC	HUMANITARIAN	$500,000
ROCKY MOUNTAIN INSTITUTE
22830 TWO RIVERS ROAD	BASALT	CO	81621	NONE	PC	HUMANITARIAN	$1,100,000
SANERGY
28 PARK STREET NO 3	BROOKLINE	MA	02446	NONE	PC	HUMANITARIAN	$250,000
SHRINERS CHILDREN'S HOSPITAL
1275 EAST FAIRFAX ROAD	SALT LAKE CITY	UT	84103	NONE	PC	HUMANITARIAN	$100,000
SLCO PFS 1 INC
2257 SOUTH 1100 EAST SUITE 205	SALT LAKE CITY	UT	84106	NONE	PC	HUMANITARIAN	$250,000
SOLUTIONS PROJECT
PO BOX 3202 4900 SHATTUCK AVENUE	OAKLAND	CA	94609	NONE	PC	HUMANITARIAN	$500,000
SORENSEN IMPACT CENTER
1655 EAST CAMPUS CENTER DRIVE	SALT LAKE CITY	UT	84112	NONE	PC	HUMANITARIAN	$275,000
UNREASONABLE INSTITUTE
1801 13TH STREET SUITE 400	BOULDER	CO	80302	NONE	PC	HUMANITARIAN	$218,000
VISIONSPRING
505 8TH AVENUE SUITE 12-A-07	NEW YORK	NY	10018	NONE	PC	HUMANITARIAN	$500,000
350ORG
20 JAY STREET SUITE 732	BROOKLYN	NY	11201	NONE	PC	HUMANITARIAN	$250,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$32,333,877	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,464	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$5,024,272	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,803	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$16,637	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$98,358	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$4,948,818	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$4,948,818	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Noorda Family Trust No 2	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	333 S 520 W Suite 101	AddressLine1Txt
City	Lindon	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84042	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$2,000,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	TAX PREPARATION	CategoryTxt
Amt	$29,400	Amt
Net Investment Income	$14,700	NetInvestmentIncomeAmt

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Desc	NONE	Desc

Contractor Compensation Expln ContractorCompensationExpln

Contractor Comp Expln ContractorCompExplnGrp (2 entries)

ExplanationExplanationTxt
MERRILL LYNCH
INVESTMENT FEES
US BANK
INVESTMENT FEES

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (5 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
US BANK STMT 1B	$47,643,123	$47,043,370
MERRILL LYNCH STMT 3	$26,800,380	$26,876,332
MERRILL LYNCH STMT 5	$3,332,766	$3,740,970
MERRILL LYNCH STMT 7	$15,623,704	$16,335,959
MERRILL LYNCH STMT 9	$7,938,314	$8,394,993

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
US BANK	$67,719,435	$70,187,256
MERRILL LYNCH STMT 2	$8,104,263	$9,587,294
MERRILL LYNCH STMT 4	$5,926,667	$6,755,953
MERRILL LYNCH STMT 6	$10,176,282	$12,044,758
MERRILL LYNCH STMT 8	$4,041,516	$4,786,806
AMERICAN CENTURY INVESTMENTS	$53,481	$53,481
NANOVISION INVESTMENTS	$3,020,000	$3,020,000

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
MERRILL LYNCH MONTCLAIR FUND	AT COST	$5,398,841	$7,857,094
PINE FOREST #23	AT COST	$20,262	$5,970
SUBURBAN PROPANE PARTNERS	AT COST	$15	$18
THE BLACKSTONE GROUP L.P.	AT COST

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$42,449	LegalFeesAmt
Net Investment Income	$21,224	NetInvestmentIncomeAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	PMG PROPERTY DISTRIBUTION	Desc
BOY Book Value	$4,252	BOYBookValueAmt
EOY Book Value	$5,087	EOYBookValueAmt
EOYFMV	$58,382	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT EXPENSES	$1,434,572	$1,434,572
OTHER EXPENSES	$18,498	$9,249	$6,184
CHECKING FEES	$126
ACCRUAL TO CASH	$44,656

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
MONTCLAIR FUND K-1 INVESTMENT INCOME	$4,543	$4,543
K-1 Other Income	$1,711	$1,711
Litigation Proceeds	$4,565	$0
Merrill Lynch	$5,818	$5,818

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES PAID	$121,684	$121,684
FEDERAL TAXES PAID	$61,178