The Utah State Capitol

Form 990-PFTax year 2024EIN 45-3203840

Sorenson Impact Foundation

A private foundation in Salt Lake City, UT. Its return for tax year 2024 lists 12 grants and $3.6 million paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $3,603,000

    Grants listed
    12
    Assets, end of year
    $140,180,609
  • Tax year 2023

    $2,350,000

    Grants listed
    11
    Assets, end of year
    $142,073,772
  • Tax year 2022

    $4,472,800

    Grants listed
    12
    Assets, end of year
    $142,242,497
  • Tax year 2021

    $2,512,000

    Grants listed
    11
    Assets, end of year
    $157,397,407
  • Tax year 2020

    $3,203,000

    Grants listed
    20
    Assets, end of year
    $156,657,761
  • Tax year 2019

    $855

    Grants listed
    1
    Assets, end of year
    $154,357,754
  • Tax year 2018

    $640,000

    Grants listed
    3
    Assets, end of year
    $139,731,704

Grants paid in 2024

12 grants, largest first

As listed on the return.

  1. Realize ImpactBainbridge Is, WA

    Philantrhopic investment grant for affordable home ownership

    $1,000,000
  2. University of UtahSalt Lake City, UT

    Impact investing student program; general support

    $638,000
  3. Lafayettte Square FoundationMiami, FL

    Support for projects creating equitable wealth including employee ownership

    $375,000
  4. The Aspen InstituteWashington, DC

    Neiborhood real estate ownership project and employee ownership project

    $250,000
  5. Rutgers UniversityNew Bruswick, NJ

    Education and research in the area of emloyee ownership and profit sharing models

    $250,000
  6. Ownership Works IncNew York, NY

    Research and framework development for home shared ownership projects

    $250,000
  7. ImpactAlphaBerkeley, CA

    Providing public education on homeownership, employee ownership and community ownership

    $250,000
  8. B Lab CompanyPhiladelphia, PA

    Development of B Corp certification process and assistance

    $250,000
  9. New Venture FundWashington, DC

    Catalytic capital consortium project

    $175,000
  10. New Venture FundWashington, DC

    Impact investing alliance

    $75,000
  11. Crane Institute of SustainabilityManchester, MA

    Development of benchmarks for measuring impact for charitable endowments

    $50,000
  12. Impact Investing InstituteLondon, United Kingdom

    Development of educational campaign to promote and encourage impact investing to catalyze social change

    $40,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Human services1 grant $1,000,00049% of the total
  2. Environment3 grants $300,00015% of the total
  3. Community development1 grant $250,00012% of the total
  4. Public affairs1 grant $250,00012% of the total
  5. Social science1 grant $250,00012% of the total

By State

Grants to organizations with a US address, latest year.

  1. Washington1 grant $1,000,000
  2. Utah1 grant $638,000
  3. District of Columbia3 grants $500,000
  4. Florida1 grant $375,000
  5. California1 grant $250,000
  6. New Jersey1 grant $250,000
  7. New York1 grant $250,000
  8. Pennsylvania1 grant $250,000
  9. Massachusetts1 grant $50,000

Officers, directors and trustees

4 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • James Lee SorensonDirector Hours 20Pay $0
  • Krista SorensonDirector Hours 5Pay $4,553
  • Luke SorensonDirector Hours 1Pay $0
  • Paul LudlowCFO & Secretary Hours 10Pay $0

The return

More foundations

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Same main cause (human services), giving between a quarter and four times this foundation’s where possible, nearby first.

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  3. Semnani Family FoundationSalt Lake City, UT 64 grants Accepts applications $5,626,367 giving
  4. McCarthey Family FoundationSalt Lake City, UT 81 grants Accepts applications $1,772,626 giving
  5. The Leon & Arline Harman FoundationSalt Lake City, UT 5 grants Preselected only $1,118,150 giving