Sorenson Impact Foundation
Preselected recipients only
Sorenson Impact Foundation is a private foundation in Salt Lake City, Utah. In tax year 2024 it gave $3.6 million in 12 grants; the typical grant was $250,000 and the largest $1.0 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$3.6 million
- Number of grants12
- Typical grant$250,000
- Largest grant$1.0 million
- Assets$152 million
- New grantees64%
Giving in 2024 was up from $2.4 million the year before.
64% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $2.4 million | 11 | $154 million |
| 2024 | $3.6 million | 12 | $152 million |
How to apply
Sorenson Impact Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What Sorenson Impact Foundation funds
Where it gives
Its US grants went to recipients in 9 states, the most to Washington. It also paid $40,000 in 1 grant to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Washington | 1 | $1.0 million |
| Utah | 1 | $638,000 |
| District of Columbia | 3 | $500,000 |
| Florida | 1 | $375,000 |
| California | 1 | $250,000 |
| New Jersey | 1 | $250,000 |
| New York | 1 | $250,000 |
| Pennsylvania | 1 | $250,000 |
| Massachusetts | 1 | $50,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Realize Impact | Philantrhopic investment grant for affordable home ownership | $1.0 million |
| University of Utah | Impact investing student program; general support | $638,000 |
| Lafayettte Square Foundation | Support for projects creating equitable wealth including employee ownership | $375,000 |
| The Aspen Institute | Neiborhood real estate ownership project and employee ownership project | $250,000 |
| Rutgers University | Education and research in the area of emloyee ownership and profit sharing models | $250,000 |
| Ownership Works Inc | Research and framework development for home shared ownership projects | $250,000 |
| ImpactAlpha | Providing public education on homeownership, employee ownership and community ownership | $250,000 |
| B Lab Company | Development of B Corp certification process and assistance | $250,000 |
| New Venture Fund | Catalytic capital consortium project | $175,000 |
| New Venture Fund | Impact investing alliance | $75,000 |
| Crane Institute of Sustainability | Development of benchmarks for measuring impact for charitable endowments | $50,000 |
| Impact Investing Institute | Development of educational campaign to promote and encourage impact investing to catalyze social change | $40,000 |
Officers and trustees
- James Lee Sorenson
- Krista Sorenson
- Luke Sorenson
- Paul Ludlow
Questions people ask
Does Sorenson Impact Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Sorenson Impact Foundation give?
$3.6 million in tax year 2024, across 12 grants, with a typical grant of $250,000.
Who runs Sorenson Impact Foundation?
Its 2024 filing lists James Lee Sorenson (Director), Krista Sorenson (Director), Luke Sorenson (Director) and Paul Ludlow (CFO & Secretary).
What does Sorenson Impact Foundation fund?
Based on its grants, mainly education and science and research.