<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2021v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2022-09-12T14:35:43-04:00</ReturnTs>
    <TaxPeriodEndDt>2021-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>870343246</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>SQUIRE &amp; COMPANY PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>215 S STATE ST STE 850</AddressLine1Txt>
        <CityNm>SALT LAKE CITY</CityNm>
        <StateAbbreviationCd>UT</StateAbbreviationCd>
        <ZIPCd>841112380</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2021-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>812645760</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>PAUL T WALTON JR CHARITABLE</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>FOUNDATION</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>PAUL</BusinessNameControlTxt>
      <PhoneNum>8017180263</PhoneNum>
      <USAddress>
        <AddressLine1Txt>7722 S KESWICK RD</AddressLine1Txt>
        <CityNm>COTTONWOOD HEIGHTS</CityNm>
        <StateAbbreviationCd>UT</StateAbbreviationCd>
        <ZIPCd>84093</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>BANK OF UTAH RANDY HAHN TR OFFICER</PersonNm>
      <PersonTitleTxt>TRUST OFFICER</PersonTitleTxt>
      <PhoneNum>8017180263</PhoneNum>
      <SignatureDt>2022-08-31</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>LISA</PersonFirstNm>
        <PersonLastNm>MARIANO</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>GREGORY O HYDE CPA</PreparerPersonNm>
      <PTIN>P00641196</PTIN>
      <PhoneNum>8015330409</PhoneNum>
      <PreparationDt>2022-09-12</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2021</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="RetDoc11">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>11249811</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>2490267</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>2195</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>2195</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>214013</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>214013</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>361802</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>723471</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>361802</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>3068277</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>578010</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>7938</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>1985</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>5953</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>3700</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>925</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>2775</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>661</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>165</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>496</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc4">3470</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>868</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>2602</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">3617</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1628</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1989</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc8">39268</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>29227</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>10041</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc9">3184</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3184</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc6">4525</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>1237</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>3288</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>66363</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>39219</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>27144</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>245000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>245000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>311363</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>39219</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>272144</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>2756914</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>538791</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashEOYAmt>1000</CashEOYAmt>
        <CashEOYFMVAmt>1000</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>280203</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>132639</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>132639</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>949</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>1800</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>1800</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>6693978</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc3">10011137</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>11114372</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>6975130</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>10146576</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>11249811</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>6970228</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>10146576</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>4902</RetainedEarningBOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>6975130</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>10146576</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>6975130</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>10146576</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>6975130</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>2756914</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc7">419876</OtherIncreasesAmt>
        <SubtotalAmt>10151920</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc5">5344</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>10146576</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FIDELITY PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-12-01</AcquiredDt>
          <SoldDt>2021-02-08</SoldDt>
          <GrossSalesPriceAmt>504970</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>361669</CostOrOtherBasisAmt>
          <GainOrLossAmt>143301</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>143301</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>361802</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>7489</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>7489</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>7489</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>1800</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>6500</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>8300</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>811</OverpaymentAmt>
        <AppliedToESTaxAmt>811</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>UT</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd referenceDocumentId="RetDoc10">true</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>STUART B MATHESON</IndividualWithBooksNm>
        <PhoneNum>8017180263</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>7722 S KESWICK RD</AddressLine1Txt>
          <CityNm>COTTONWOOD HEIGHTS</CityNm>
          <StateAbbreviationCd>UT</StateAbbreviationCd>
          <ZIPCd>84093</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STUART B MATHESON</PersonNm>
          <USAddress>
            <AddressLine1Txt>7722 S KESWICK RD</AddressLine1Txt>
            <CityNm>COTTONWOOD HEIGHTS</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84093</ZIPCd>
          </USAddress>
          <TitleTxt>EXECUTIVE DI</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>4938</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>NANCY L GREENLEE</PersonNm>
          <USAddress>
            <AddressLine1Txt>7722 S KESWICK RD</AddressLine1Txt>
            <CityNm>COTTONWOOD HEIGHTS</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84093</ZIPCd>
          </USAddress>
          <TitleTxt>ADMIN. COMM.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>1000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JEREMY NIELSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>7722 S KESWICK RD</AddressLine1Txt>
            <CityNm>COTTONWOOD HEIGHTS</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84093</ZIPCd>
          </USAddress>
          <TitleTxt>ADMIN. COMM.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>1000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LAUREL CANNON ALDER</PersonNm>
          <USAddress>
            <AddressLine1Txt>7722 S KESWICK RD</AddressLine1Txt>
            <CityNm>COTTONWOOD HEIGHTS</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84093</ZIPCd>
          </USAddress>
          <TitleTxt>ADMIN. COMM.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>1000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BANK OF UTAH RANDY HAHN TR OFFICER</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>BANK OF UTAH</BusinessNameLine2Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>50 SOUTH 200 EAST</AddressLine1Txt>
            <CityNm>SALT LAKE CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84111</ZIPCd>
          </USAddress>
          <TitleTxt>TRUST OFFICE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>8393111</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>33451</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>8426562</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>8426562</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>126398</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>8300164</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>415008</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>415008</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>7489</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>7489</TotalTaxAmt>
        <DistributableBeforeAdjAmt>407519</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>407519</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>407519</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>272144</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>272144</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>407519</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>240560</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>272144</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>240560</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>31584</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>375935</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TENNIS AND TUTORING PROGRAM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>951 E BERNAY CIRCLE</AddressLine1Txt>
            <CityNm>SANDY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84094</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NEW VAN</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOUR CORNERS SCHOOL OF OUTDOOR</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>EDUCTION INC DBA CANYON COUNTRY DISCOVERY CENTER</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1029</AddressLine1Txt>
            <CityNm>MONTICELLO</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84535</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UTAH HERITAGE FOUNDATON DBA</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>PRESERVATION UTAH</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>375 N CANYON RD</AddressLine1Txt>
            <CityNm>SALT LAKE CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84103</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STATE HISTORY PRESERVATION</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF UTAH NATURAL HISTORY</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>MUSEUM</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>301 WAKARA WAY</AddressLine1Txt>
            <CityNm>SALT LAKE CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84103</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KAYENTA ARTS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>881 COYOTE GULCH CT</AddressLine1Txt>
            <CityNm>IVINS</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84738</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMMER CAMP PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GRANARY ARTS CENTER OF EPHRAIM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>86 N MAIN ST</AddressLine1Txt>
            <CityNm>EPHRAIM</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84627</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TWO EXHIBITIONS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GRAFTON HERITAGE PARTNERSHP PROGRAM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 630184</AddressLine1Txt>
            <CityNm>ROCKVILLE</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84763</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MAINTAIN &amp; RESTORE HISTORIC BUILDING</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CANYONLAND FIELD INSTITUTE INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 68</AddressLine1Txt>
            <CityNm>MOAB</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84763</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OUTDOOR EDUCATION PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TETON SCIENCE SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>700 COYOTE CANYON RD</AddressLine1Txt>
            <CityNm>JACKSON</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>83001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ROOTS CHARTER HIGH SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2250 S 1300 W</AddressLine1Txt>
            <CityNm>WEST VALLEY CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84119</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MALOUF FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1525 W 2960 S</AddressLine1Txt>
            <CityNm>LOGAN</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84321</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF UTAH TANNER DANCE CO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1721 CAMPUS CENTER DR</AddressLine1Txt>
            <AddressLine2Txt>RM 1121</AddressLine2Txt>
            <CityNm>SALT LAKE CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84112</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>REPLACE RETRACTABLE WALL IN THEATER</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UTAH STATE UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1590 OLD MAIN HILL</AddressLine1Txt>
            <CityNm>LOGAN</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84322</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>"FIRST TO" SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRANK LLOYD WRIGHT FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>12621 N FRANK LLOYD BLVD</AddressLine1Txt>
            <CityNm>SCOTTSDALE</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85259</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESTORE GUEST WING ENTRY STAIRS</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UTAH STATE UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>15902 OLD MAIN HILL</AddressLine1Txt>
            <CityNm>LOGAN</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84322</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTE TO EQUESTRIAN FACILITY</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>245000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2195</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>214013</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>361802</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>578010</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>578010</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>ESTATE OF PAUL TALMAGE WALTON JR</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>7722 S KESWICK RD</AddressLine1Txt>
          <CityNm>COTTONWOOD HEIGHTS</CityNm>
          <StateAbbreviationCd>UT</StateAbbreviationCd>
          <ZIPCd>84093</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2490267</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>SECURITIES</NoncashPropertyDesc>
        <FairMarketValueAmt>2190267</FairMarketValueAmt>
        <ReceivedDt>2021-12-27</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>3617</Amt>
        <NetInvestmentIncomeAmt>1628</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1989</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY INVESTMENTS X4617</StockNm>
        <EOYBookValueAmt>10011137</EOYBookValueAmt>
        <EOYFMVAmt>11114372</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc4">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>3470</LegalFeesAmt>
        <NetInvestmentIncomeAmt>868</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2602</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc5">
      <OtherDecreasesDetail>
        <Desc>BOOK TAX DIFFERENCES</Desc>
        <Amt>5344</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc6">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL SERVICES</Desc>
        <RevenueAndExpensesPerBooksAmt>989</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>247</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>742</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>2198</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>550</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1648</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COMPUTER AND SOFTWARE</Desc>
        <RevenueAndExpensesPerBooksAmt>799</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>200</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>599</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MILEAGE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>152</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>38</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>114</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WORKERS COMPENSATION</Desc>
        <RevenueAndExpensesPerBooksAmt>247</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>62</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>185</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TRANSACTION COSTS</Desc>
        <RevenueAndExpensesPerBooksAmt>140</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>140</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc7">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED LOSS ON DONATED STOCK</Desc>
        <Amt>419876</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc8">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADVISOR FEES</CategoryTxt>
        <Amt>25879</Amt>
        <NetInvestmentIncomeAmt>25879</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>TRUSTEE FEES</CategoryTxt>
        <Amt>10711</Amt>
        <NetInvestmentIncomeAmt>2678</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8033</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADMINISTRATION FEES</CategoryTxt>
        <Amt>2678</Amt>
        <NetInvestmentIncomeAmt>670</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2008</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc9">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX WITHHELD ON DIVIDEND</CategoryTxt>
        <Amt>3184</Amt>
        <NetInvestmentIncomeAmt>3184</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
    <TransfersFrmControlledEntities documentId="RetDoc10">
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ESTATE OF PAUL T WALTON JR</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>7722 S KESWICK RD</AddressLine1Txt>
          <CityNm>COTTONWOOD HEIGHTS</CityNm>
          <StateAbbreviationCd>UT</StateAbbreviationCd>
          <ZIPCd>84093</ZIPCd>
        </USAddress>
        <EIN>476925070</EIN>
        <Desc>CASH AND SECURITIES</Desc>
        <Amt>2490267</Amt>
      </TransfersFromControlledEntGrp>
      <TotalAmt>2490267</TotalAmt>
    </TransfersFrmControlledEntities>
  </ReturnData>
</Return>
