Marriner W. Merrill Family Foundation, Inc. v. State Tax Commission

McDonough, chief justice.

The State Tax Commission found that the Marriner W. Merrill Family Foundation, Inc., was not exempted from the payment of franchise tax by U.C.A.1953, 59-13-4(4) as a corporation organized and ■operated exclusively for charitable or educational purposes and assessed the minimum franchise tax of ten dollars against the corporation. Certiorari brings the question before us for review,

The purpose of the Foundation, as set forth in the Affidavit of Incorporation, is as follows:

“ * * * for the purpose of receiving by gift, devise, bequest, or otherwise, money or credits,…