﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2025v4.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-03-23T07:45:07-07:00</ReturnTs>
    <TaxPeriodEndDt>2025-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>870325228</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>HAYNIE &amp; COMPANY</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1785 WEST 2300 SOUTH</AddressLine1Txt>
        <CityNm>SALT LAKE CITY</CityNm>
        <StateAbbreviationCd>UT</StateAbbreviationCd>
        <ZIPCd>84119</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>870529714</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>JUNE MORRIS &amp; FRENDT FAMILY FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>FOMERLY MITCHELL &amp; JUNE MORRIS FOUNDATIO</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>JUNE</BusinessNameControlTxt>
      <PhoneNum>8019719449</PhoneNum>
      <USAddress>
        <AddressLine1Txt>4285 WHITE WAY</AddressLine1Txt>
        <CityNm>SALT LAKE CITY</CityNm>
        <StateAbbreviationCd>UT</StateAbbreviationCd>
        <ZIPCd>84124</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>RICHARD W FRENDT</PersonNm>
      <PersonTitleTxt>Trustee</PersonTitleTxt>
      <SignatureDt>2026-03-23</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Brett Jensen CPA</PreparerPersonNm>
      <PTIN>P01063971</PTIN>
      <PhoneNum>8019724800</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="25022934" softwareVersionNum="2025v4.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>6688231</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>1066</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>1066</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>1066</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>110136</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>110136</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>110136</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>523402</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>2009460</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>523402</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>10355</NetSTCapitalGainAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>634604</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>634604</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>121557</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">3250</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>3250</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>3250</AccountingFeesAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">756</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>756</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>756</TaxesAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">49466</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>49466</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>49466</OtherExpensesAdjNetIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>53472</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>53472</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>53472</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>320000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>320000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>373472</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>53472</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>53472</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>320000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>261132</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>581132</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>68085</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>202408</CashBOYAmt>
        <CashEOYAmt>165124</CashEOYAmt>
        <CashEOYFMVAmt>165124</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>62888</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>115765</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>62988</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>18507</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>21791</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>21791</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>2581601</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">2824922</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>6438328</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>2865404</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3127602</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>6688231</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>2865404</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>3127602</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2865404</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3127602</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2865404</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3127602</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2865404</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>261132</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">1066</OtherIncreasesAmt>
        <SubtotalAmt>3127602</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>3127602</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003366 ST COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>14609</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23119</CostOrOtherBasisAmt>
          <GainOrLossAmt>-8510</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-8510</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003366 LT COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>280413</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>222016</CostOrOtherBasisAmt>
          <GainOrLossAmt>58397</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>58397</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003367 ST COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>403554</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>401211</CostOrOtherBasisAmt>
          <GainOrLossAmt>2343</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2343</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003367 LT COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>146111</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>120710</CostOrOtherBasisAmt>
          <GainOrLossAmt>25401</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>25401</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003368 ST COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>32980</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>40075</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7095</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7095</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003368 LT COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>96648</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>80631</CostOrOtherBasisAmt>
          <GainOrLossAmt>16017</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>16017</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003370 LT NONCOVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>267381</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11259</CostOrOtherBasisAmt>
          <GainOrLossAmt>256122</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>256122</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003372 ST COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>15826</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>18554</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2728</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2728</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003372 LT COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>44818</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>36602</CostOrOtherBasisAmt>
          <GainOrLossAmt>8216</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8216</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003371 ST COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>16696</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19525</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2829</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2829</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003371 LT COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>148694</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>108519</CostOrOtherBasisAmt>
          <GainOrLossAmt>40175</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>40175</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003369 ST COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>210144</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>180970</CostOrOtherBasisAmt>
          <GainOrLossAmt>29174</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>29174</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RJM 003369 LT COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>331586</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>222867</CostOrOtherBasisAmt>
          <GainOrLossAmt>108719</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>108719</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>523402</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>10355</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>8078</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>8078</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>8078</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>11014</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>11014</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>2936</OverpaymentAmt>
        <AppliedToESTaxAmt>2936</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>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>RICHARD W FRENDT</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8019719449</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>4285 WHITE WAY</AddressLine1Txt>
          <CityNm>SALT LAKE CITY</CityNm>
          <StateAbbreviationCd>UT</StateAbbreviationCd>
          <ZIPCd>84124</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <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>RICHARD W FRENDT</PersonNm>
          <USAddress>
            <AddressLine1Txt>4277 PARK TERRACE DRIVE</AddressLine1Txt>
            <CityNm>SALT LAKE CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84124</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>858845</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>50510</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>909355</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>909355</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>13640</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>895715</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>44786</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>44786</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>8078</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>8078</TotalTaxAmt>
        <DistributableBeforeAdjAmt>36708</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>36708</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>36708</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>320000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>320000</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>36708</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>177301</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>3629091</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>19042</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>255849</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>4081283</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>320000</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>36708</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>283292</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>4364575</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>4364575</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>177301</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>3629091</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>19042</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>255849</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>283292</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>RICHARD W FRENDT</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF UTAH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>201 PRESIDENTS CIRCLE</AddressLine1Txt>
            <CityNm>SALT LAKE CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84112</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PUBLIC SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE CHILDREN'S CENTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>350 S 400 E</AddressLine1Txt>
            <CityNm>SALT LAKE CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84111</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PUBLIC SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>US SKI SNOWBOARD FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1 VICTORY LANE BOX 100</AddressLine1Txt>
            <CityNm>PARK CITY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84060</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PUBLIC SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HOLLADAY PRESCHOOL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2631 E MURRAY-HOLLADAY ROAD</AddressLine1Txt>
            <CityNm>HOLLADAY</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84117</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PUBLIC SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MEMORIAL SLOAN KETTERING</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1275 YORK AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10065</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PUBLIC SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>320000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>1066</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>110136</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>523402</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>634604</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>634604</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>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="25022934" softwareVersionNum="2025v4.0">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION</CategoryTxt>
        <Amt>3250</Amt>
        <NetInvestmentIncomeAmt>3250</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3250</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="25022934" softwareVersionNum="2025v4.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>Investments In Stock</StockNm>
        <EOYBookValueAmt>2824922</EOYBookValueAmt>
        <EOYFMVAmt>6438328</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="25022934" softwareVersionNum="2025v4.0">
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGE</Desc>
        <RevenueAndExpensesPerBooksAmt>34</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>34</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>34</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>49432</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>49432</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>49432</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule" softwareId="25022934" softwareVersionNum="2025v4.0">
      <OtherIncreasesDetail>
        <Desc>NON-DIVIDEND DISTRIBUTIONS</Desc>
        <Amt>1066</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="25022934" softwareVersionNum="2025v4.0">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES RJM 003366</CategoryTxt>
        <Amt>121</Amt>
        <NetInvestmentIncomeAmt>121</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>121</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES RJM 003367</CategoryTxt>
        <Amt>13</Amt>
        <NetInvestmentIncomeAmt>13</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>13</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES RJM 003368</CategoryTxt>
        <Amt>7</Amt>
        <NetInvestmentIncomeAmt>7</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>7</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES RJM 003372</CategoryTxt>
        <Amt>615</Amt>
        <NetInvestmentIncomeAmt>615</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>615</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>