SALT LAKE CTY, UT
Sorenson Impact Foundation
Quick Facts
- EIN
- 453203840
- Location
- SALT LAKE CTY, UT
- Category
- Philanthropy & Grantmaking
- Total Assets
- $140.2M
- Annual Income
- $35.9M
- IRS Ruling Year
- 2011
- Organization Type
- Corporation
- Principal Officer
- % James Lee Sorenson
- Tax Deductibility
- Contributions are deductible
About This Foundation
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. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$4.1M
2023-33%
Total Assets
$142.1M
2023-0%
Fair Market Value
$153.7M
2023
Net Worth
$142M
2023
Grants Paid
$2.4M
2023
Contributions
$0
2023
Net Investment Income
$902K
2023
Distribution Amount
$7.3M
2023
Total Giving by Year
$12K
11$1.5M
12$1.9M
13$2.8M
14$1.6M
15$1M
19$4.4M
20$3.9M
21$6.2M
22$4.1M
23Asset Growth
$1
11$128.1M
12$138.2M
13$133.1M
14$131.5M
15$154.4M
19$156.7M
20$157.4M
21$142.2M
22$142.1M
23Investment Portfolio (2023)
Total: $37.4M
Corporate Stock: $29.2M
Corporate Bonds: $3.2M
Government Obligations: $4.9M
Other Investments: $101.3M
Cash: $509K
Corporate Stock (21%)
Corporate Bonds (2%)
Government Obligations (4%)
Other Investments (73%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$2.4M
Legal Fees$236K
Accounting Fees$121K
Travel & Conferences$71K
Pension & Benefits$38K
Printing & Publications$2K
Revenue Sources (2023)
- Capital Gains (Net)
- $994K
- Dividends
- $969K
- Other Income
- $282K
Financial Details (2023)
- Total Revenue
- $2.2M
- Total Expenses
- $4.1M
- Exempt Purpose Expenses
- $3.6M
- Required Distribution
- $7.3M
- Undistributed Income
- $6.9M
- Total Liabilities
- $30K
- Excise Tax
- $13K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
43
Total Giving
$10.2M
Average Grant
$237K
Median Grant
$125K
Total Giving by Year
$3.2M (20 grants)
20$2.5M (11 grants)
21$4.5M (12 grants)
22Grant Range
Min$23K
Max$2M
Median: $125K
Smallest grantLargest grant
Openness to New Grantees (2022)
78%
of 2022 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $1.6M (12)
MA
MA: $250K (2)
CT
RI
OR
NV
WY
SD
IA
IL
IL: $125K (1)
IN
OH
OH: $250K (1)
PA
PA: $650K (4)
NJ
CA
CA: $450K (4)
UT
UT: $5.2M (7)
CO
NE
MO
KY
KY: $325K (2)
WV
VA
MD
DE
DC
DC: $1.1M (8)
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
GA: $250K (2)
FL
HI
TX
UT$5.2M (7)
NY$1.6M (12)
DC$1.1M (8)
PA$650K (4)
CA$450K (4)
KY$325K (2)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of UtahEpicenter building capital campaign | Salt Lake City, UT | $2M | 2022 |
| University Of UtahImpact investing student program; general support | Salt Lake City, UT | $825K | 2022 |
| Federation Of Appalachian Housing EnterprisesEnhancing home ownership in poor communities | Berea, KY | $250K | 2022 |
| Global Impact Investing NetworkBuilding racial and diversity metrics into impact investing reporting standards | New York, NY | $250K | 2022 |
| Transform FinanceExpanding investor education programs to address the wealth gap among disadvantaged populations | New York, NY | $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 |
| University Of UtahImpact investing program; opportunity zone program; sponsor Innovation Summit | Salt Lake City, UT | $100K | 2022 |
| Access VenturesPromoting economic opportunity for disadvantaged groups and providing education | Louisville, KY | $75K | 2022 |
| University Of UtahCommunications department funding | Salt Lake City, UT | $23K | 2022 |
| University Of UtahImpact investing student program; general support | Salt Lake City, UT | $760K | 2021 |
| Council Of Development Finance AgenciesDeveloping financial applications to reduce lending bias | Columbus, OH | $250K | 2021 |
| Village CapitalTraining for Black entreprenuers | Washington, DC | $250K | 2021 |
| Aeris InsightExpanding access to impact data for the use of CDFI investments | Philadelphia, PA | $250K | 2021 |
| Global Impact Investing NetworkBuilding racial and diversity metrics into impact investing reporting standards | New York, NY | $227K | 2021 |
| New Venture FundImpact investing alliance | Washington, DC | $150K | 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 |
| Common FuturePilot test new financial products for underserved communitites | Oakland, CA | $125K | 2021 |
| First Step Staffing IncJob support for homeless individuals | Atlanta, GA | $125K | 2021 |
| Social Finance IncDevelpment of toolkit to enable doner advised funds to offer access to impact-first investments | Boston, MA | $125K | 2021 |
| Village CapitalDevelopment of platform for connecting impact investors with entreprenuers | Washington, DC | $125K | 2021 |
| University Of UtahImpact investing program; & TA grant | Salt Lake City, UT | $775K | 2020 |
| University Of UtahImpact investing program; opportunity zone program; sponsor Innovation Summit | Salt Lake City, UT | $750K | 2020 |
| New Venture FundImpact investing alliance | Washington, DC | $150K | 2020 |
| Common FuturePilot test new financial products for underserved communitites | Oakland, CA | $125K | 2020 |
| Village CapitalBlack Innovation Alliance | Washington, DC | $125K | 2020 |
| Village CapitalDevelopment of platform for connecting impact investors with entreprenuers (milestone) | Washington, DC | $125K | 2020 |
| 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 | 2020 |
| Social Finance IncDevelpment of toolkit to enable doner advised funds to offer access to impact-first investments | Boston, MA | $125K | 2020 |
| First Step Staffing IncJob support for homeless individuals | Atlanta, GA | $125K | 2020 |
| Aeris InsightDevelopment of impact investing measuring tools (2nd Milestone) | Philadelphia, PA | $100K | 2020 |
| Toniic InstituteDevelopment of impact investing dataset and public directory of investments for academic research | San Francicso, CA | $100K | 2020 |
| Toniic InstituteDevelopment of impact investing dataset and public directory of investments for academic research (milestone) | San Francicso, CA | $100K | 2020 |
| Village CapitalDevelopment of platform for connecting impact investors with entreprenuers | Washington, DC | $100K | 2020 |
| Aeris InsightDevelopment of impact investing measuring tools | Philadelphia, PA | $100K | 2020 |
| Global Impact Investing NetworkImpact performance studies | New York, NY | $79K | 2020 |
| Global Impact Investing NetworkImpact performance studies (milestone) | New York, NY | $79K | 2020 |
| Mission Investors ExchangeDevelopment of a resource library for organizations to mission align their investments | New York, NY | $35K | 2020 |
| Mission Investors ExchangeDevelopment of a resource library for organizations to mission align their investments (milestone) | New York, NY | $35K | 2020 |
| Global Impact Investing NetworkInitiative to mobilize impact investing for Covid-19 crisis | New York, NY | $25K | 2020 |
| Village CapitalDevelopment of platform for connecting impact investors with entreprenuers | Washington, DC | $25K | 2020 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
| 2015-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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