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Sorenson Impact Foundation is a private corporation based in SALT LAKE CTY, UT. The foundation received its IRS ruling in 2011. The principal officer is % James Lee Sorenson. It holds total assets of $140.2M. Annual income is reported at $35.9M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Sorenson Impact Foundation has made 55 grants totaling $14.7M, with a median grant of $125K. Annual giving has grown from $3.2M in 2020 to $8.9M in 2022. Individual grants have ranged from $23K to $2M, with an average award of $267K. The foundation has supported 19 unique organizations. The foundation primarily supports organizations in Utah, New York, District of Columbia, which account for 64% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Sorenson Impact Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 55 grants. Its grantmaking reaches organizations primarily in UT, NY, DC.
Sorenson Impact Foundation has distributed a total of $14.7M across 55 grants. The median grant size is $125K, with an average of $267K. Individual grants have ranged from $23K to $2M.
Sorenson Impact Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sorenson Impact Foundation is headquartered in SALT LAKE CTY, UT. While based in UT, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Krista Sorenson | Director | $0 | $0 | $0 |
| Paul Ludlow | CFO & Secretary | $0 | $0 | $0 |
| James Lee Sorenson | Director | $0 | $0 | $0 |
| Luke Sorenson | Director | $0 | $0 | $0 |
Total Giving
$4.1M
Total Assets
$142.1M
Fair Market Value
$153.7M
Net Worth
$142M
Grants Paid
$2.4M
Contributions
$0
Net Investment Income
$902K
Distribution Amount
$7.3M
Total: $37.4M
Total Grants
55
Total Giving
$14.7M
Average Grant
$267K
Median Grant
$125K
Unique Recipients
19
Most Common Grant
$125K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Access VenturesPromoting economic opportunity for disadvantaged groups and providing education | Louisville, KY | $75K | 2022 |
| University Of UtahEpicenter building capital campaign | Salt Lake City, UT | $2M | 2022 |
| Transform FinanceExpanding investor education programs to address the wealth gap among disadvantaged populations | New York, NY | $250K | 2022 |
| Global Impact Investing NetworkBuilding racial and diversity metrics into impact investing reporting standards | New York, NY | $250K | 2022 |
| Federation Of Appalachian Housing Enterprises |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| Berea, KY |
| $250K |
| 2022 |
| Womens Refugee CommissionRefugee self-reliance initiative | New York, NY | $250K | 2022 |
| B Lab CompanyDevelopment of B Corp certification process and assistance | Berwyn, PA | $200K | 2022 |
| North American Students Of CooperationConvening field-building peer netowrks among workers and co-op organizers | Chicago, IL | $125K | 2022 |
| Vesey FoundationProviding education and support for Latinx financial assistance programs | Brooklyn, NY | $125K | 2022 |
| Aeris InsightExpanding access to impact data for the use of CDFI investments | Philadelphia, PA | $250K | 2021 |
| Village CapitalTraining for Black entreprenuers | Washington, DC | $250K | 2021 |
| Council Of Development Finance AgenciesDeveloping financial applications to reduce lending bias | Columbus, OH | $250K | 2021 |
| New Venture FundImpact investing alliance | Washington, DC | $150K | 2021 |
| Social Finance IncDevelpment of toolkit to enable doner advised funds to offer access to impact-first investments | Boston, MA | $125K | 2021 |
| Workforce Professionals Training InstituteProgram to help workforce organizations adopt to new digital strategies to prepare low-income job seekers for digital literacy | New York, NY | $125K | 2021 |
| First Step Staffing IncJob support for homeless individuals | Atlanta, GA | $125K | 2021 |
| Common FuturePilot test new financial products for underserved communitites | Oakland, CA | $125K | 2021 |
| Toniic InstituteDevelopment of impact investing dataset and public directory of investments for academic research (milestone) | San Francicso, CA | $100K | 2020 |
| Mission Investors ExchangeDevelopment of a resource library for organizations to mission align their investments | New York, NY | $35K | 2020 |
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