MIDVALE, UT
Sorenson Legacy Foundation
Quick Facts
- EIN
- 453240491
- Location
- MIDVALE, UT
- Category
- Philanthropy & Grantmaking
- Total Assets
- $465.5M
- Annual Income
- $34.8M
- IRS Ruling Year
- 2011
- Organization Type
- Corporation
- Principal Officer
- % Terry Hodder
- Tax Deductibility
- Contributions are deductible
About This Foundation
Sorenson Legacy Foundation is a private corporation based in MIDVALE, UT. The foundation received its IRS ruling in 2011. The principal officer is % Terry Hodder. It holds total assets of $465.5M. Annual income is reported at $34.8M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$32.1M
2023+12%
Total Assets
$457.4M
2023+4%
Fair Market Value
$457.4M
2023
Net Worth
$457.1M
2023
Grants Paid
$29.5M
2023
Contributions
$0
2023
Net Investment Income
$11.2M
2023
Distribution Amount
$23.3M
2023
Total Giving by Year
$26.5M
12$33.1M
13$35.3M
14$35.6M
15$31.8M
19$37M
20$28.1M
21$28.8M
22$32.1M
23Asset Growth
$1
11$792.8M
12$661.4M
13$654.6M
14$615.2M
15$471.6M
19$495.7M
20$526.9M
21$441.6M
22$457.4M
23Investment Portfolio (2023)
Total: $370.2M
Corporate Stock: $292.2M
Corporate Bonds: $39.3M
Government Obligations: $38.6M
Other Investments: $60.2M
Cash: $35K
Corporate Stock (68%)
Corporate Bonds (9%)
Government Obligations (9%)
Other Investments (14%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$29.5M
Officer Compensation$609K
Legal Fees$88K
Accounting Fees$17K
Printing & Publications$4K
Revenue Sources (2023)
- Dividends
- $10.2M
- Capital Gains (Net)
- $1.1M
- Other Income
- $898K
Financial Details (2023)
- Total Revenue
- $12.2M
- Total Expenses
- $32.1M
- Exempt Purpose Expenses
- $28M
- Required Distribution
- $23.3M
- Undistributed Income
- $0
- Total Liabilities
- $312K
- Excise Tax
- $156K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$18.6M
Average Grant
$372K
Median Grant
$150K
Grant Range
Min$75K
Max$4M
Median: $150K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
PA: $200K (1)
NJ
CA
UT
UT: $15.7M (39)
CO
NE
MO
KY
WV
VA
VA: $250K (2)
MD
MD: $500K (1)
DE
DC
DC: $470K (4)
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
GA: $250K (1)
FL
HI
HI: $1M (1)
TX
TX: $200K (1)
UT$15.7M (39)
HI$1M (1)
MD$500K (1)
DC$470K (4)
GA$250K (1)
VA$250K (2)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Crocker Catalyst FoundationGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $4M | 2022 |
| Intermountain Healthcare Foundation IncGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $1.8M | 2022 |
| Deseret Trust CompanyGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $1.6M | 2022 |
| Elizabeth AcademyGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $1.5M | 2022 |
| Thom & Gail Williamsen Family FoundationGENERAL CHARITABLE PURPOSES | Midvale, UT | $1.1M | 2022 |
| Brigham Young University - HawaiiGENERAL CHARITABLE PURPOSES | Laie, HI | $1M | 2022 |
| University Of UtahGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $860K | 2022 |
| Herbert FoundationGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $500K | 2022 |
| Cancer Research AmericaGENERAL CHARITABLE PURPOSES | Rockville, MD | $500K | 2022 |
| Utah Food BankGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $450K | 2022 |
| Mobile Surgery International IncGENERAL CHARITABLE PURPOSES | Sandy, UT | $250K | 2022 |
| Mully Childrens Family Usa IncGENERAL CHARITABLE PURPOSES | Alpharetta, GA | $250K | 2022 |
| Zion Canyon MesaGENERAL CHARITABLE PURPOSES | Springdale, UT | $230K | 2022 |
| Church Of Jesus Christ Of Latter-Day SaintsGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $200K | 2022 |
| Ronald Mcdonald House CharitiesGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $200K | 2022 |
| Texas Public Policy FoundationGENERAL CHARITABLE PURPOSES | Austin, TX | $200K | 2022 |
| The Road HomeGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $200K | 2022 |
| Operation Warm IncGENERAL CHARITABLE PURPOSES | Chadds Ford, PA | $200K | 2022 |
| Utah Youth VillageGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $175K | 2022 |
| Bountiful Childrens Foundation (Liahona)GENERAL CHARITABLE PURPOSES | Springville, UT | $150K | 2022 |
| Brent And Cheri Andrus Charitable TrustGENERAL CHARITABLE PURPOSES | Park City, UT | $150K | 2022 |
| Bill Of Rights InstituteGENERAL CHARITABLE PURPOSES | Arlington, VA | $150K | 2022 |
| Kids On The Move IncGENERAL CHARITABLE PURPOSES | Orem, UT | $150K | 2022 |
| Utah Symphony And OperaGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $150K | 2022 |
| America First Legal FoundationGENERAL CHARITABLE PURPOSES | Washington, DC | $150K | 2022 |
| Youth FuturesGENERAL CHARITABLE PURPOSES | Ogden, UT | $150K | 2022 |
| South Valley Sanctuary IncGENERAL CHARITABLE PURPOSES | West Jordan, UT | $130K | 2022 |
| Salt Lake City Bicycle CollectiveGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $125K | 2022 |
| Suu - Utah Shakespeare FestivalGENERAL CHARITABLE PURPOSES | Cedar City, UT | $125K | 2022 |
| CapsaGENERAL CHARITABLE PURPOSES | Logan, UT | $125K | 2022 |
| Operation Smile IncGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $125K | 2022 |
| Conservative Partnership Institute IncGENERAL CHARITABLE PURPOSES | Washington, DC | $120K | 2022 |
| American Heart AssociationGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $115K | 2022 |
| Utah State Board Of EducationGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $100K | 2022 |
| Center For Women And Children In CrisisGENERAL CHARITABLE PURPOSES | Orem, UT | $100K | 2022 |
| The Zahra CharityGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $100K | 2022 |
| Heritage FoundationGENERAL CHARITABLE PURPOSES | Washington, DC | $100K | 2022 |
| Capital Research CenterGENERAL CHARITABLE PURPOSES | Washington, DC | $100K | 2022 |
| Leadership InstituteGENERAL CHARITABLE PURPOSES | Arlington, VA | $100K | 2022 |
| Dr Dale B Hull FoundationGENERAL CHARITABLE PURPOSES | Sandy, UT | $93K | 2022 |
| Salt Lake City MissionGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $85K | 2022 |
| Brigham Young UniversityGENERAL CHARITABLE PURPOSES | Provo, UT | $85K | 2022 |
| Eye Care 4 Kids FoundationGENERAL CHARITABLE PURPOSES | Midvale, UT | $84K | 2022 |
| Walden SchoolGENERAL CHARITABLE PURPOSES | Provo, UT | $82K | 2022 |
| Friends Of The CoalitionGENERAL CHARITABLE PURPOSES | Provo, UT | $80K | 2022 |
| Raise The Future (Adoption Exchange)GENERAL CHARITABLE PURPOSES | Midvale, UT | $80K | 2022 |
| Needs Beyond MedicineGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $80K | 2022 |
| Shriners Hospitals For Children - SlcGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $75K | 2022 |
| Playworks Education EnergizedGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $75K | 2022 |
| American National Red CrossGENERAL CHARITABLE PURPOSES | Salt Lake City, UT | $75K | 2022 |
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 |
Filings sourced from IRS e-file index. View all on ProPublica
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