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Sorensen Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2019. The principal officer is Foundation Source. It holds total assets of $715K. Annual income is reported at $134K. Total assets have grown from $562K in 2019 to $742K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Sorensen Family Foundation has made 10 grants totaling $170K, with a median grant of $20K. Annual giving has decreased from $130K in 2022 to $40K in 2023. Individual grants have ranged from $10K to $20K, with an average award of $17K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Massachusetts and Virginia and Wisconsin. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Sorensen Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MA, VA, WI.
Sorensen Family Foundation has distributed a total of $170K across 10 grants. The median grant size is $20K, with an average of $17K. Individual grants have ranged from $10K to $20K.
Sorensen Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sorensen Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Norman Sorensen | Dir, Pres | $0 | $0 | N/A |
| Erik Sorensen | Dir, Sec, Treas | $0 | $0 | N/A |
| Suzanne Sorensen | Dir | $0 | $0 | N/A |
Total Giving
$55K
Total Assets
$742K
Fair Market Value
$774K
Net Worth
$742K
Grants Paid
$40K
Contributions
N/A
Net Investment Income
$19K
Distribution Amount
$36K
Total Grants
10
Total Giving
$170K
Average Grant
$17K
Median Grant
$20K
Unique Recipients
3
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jewish Educational And Cultural Center Makor IncVehicles of Light Ukraine Donation | Brookline, MA | $20K | 2023 |
| Shenandoah UniversityShenandoah Conservatory's Doctor of Musical Arts | Winchester, VA | $20K | 2023 |
| The Wisconsin Philharmonic IncGeneral & Unrestricted | Waukesha, WI | $15K | 2022 |