American Dream Foundation Inc
American Dream Foundation Inc is a private foundation based in Ogden, Utah. Its 2025 filing reports 10 grants totaling $36,538 to charitable organizations.
American Dream Foundation Inc at a glance
In short: American Dream Foundation Inc gave $37K across 10 grants in 2025 (avg $4K), mostly in Utah. 20% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $36,538
- -49.0% vs 2024
- Grants made (2025)
- 10
- +0.0% vs 2024
- Average grant
- $3,654
- -49.0% vs 2024
- Median grant
- $500
- Total assets
- $999,271
- -13.6% vs 2024
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2025; small sample)
- Primary geography
- Utah (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to American Dream Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 5929 Fashion Point Dr 300, Ogden, UT 84403
Phone: (801) 621-0904
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who American Dream Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Leaders to Give Inc ($24K). Together the top 10 received $37K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 44 grants of 45 (98%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that grant dollars went to recipients in Utah (71%), Connecticut (14%), Arizona (14%), Idaho (1%), and New York (0%).
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
Is American Dream Foundation Inc open to new grantees?
20%
first-time grantees, 2025
In 2025, 2 of 10 grantees (20%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $3K; repeat grants $4K. How we count
Medians: $3K first-time, $500 repeat.
- 70% of 2025 grantees were also funded in 2024. Method
- Giving grew 554% from 2022 to 2025. Method
- In 2025 it paid out 62% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $472 (2021) to $287K (2023). In 2025 it made 10 grants totaling $37K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Leaders to Give Inc Salt Lake City, UT | General Charitable Pupose | $23,550 |
| Pickleball Hall of Fame Darien, CT | General Charitable Purpose | $5,110 |
| Turning Point USA Phoenix, AZ | General Charitable Purpose | $5,050 |
| Weber County Fraternal Order of Pol Ogden, UT | General Charitable Purpose | $1,218 |
| Salvation Army Ogden, UT | General Charitable Purpose | $749 |
| Utah State University Logan, UT | TOC Scholarship | $250 |
| Brigham Young University Idaho Rexburg, ID | General Charitable Purpose | $200 |
| Ensign College Salt Lake City, UT | TOC Scholarship | $150 |
| Tunnel to Towers Foundation Staten Island, NY | General Charitable Purpose | $139 |
| St Jude Children's Research Hospit Memphis, TN | General Charitable Purpose | $122 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $999,271 | $54,343 | $56,994 | $36,538 | 10 | $36,538 | $76,014 | $59,156 |
| 2024 | $1,157,123 | $128,808 | $123,183 | $71,619 | 10 | $99,275 | $68,914 | $55,831 |
| 2023 | $1,106,872 | $82,810 | $307,632 | $286,876 | 14 | $291,599 | $26,777 | $59,255 |
| 2022 | $1,198,871 | $578,490 | $80,916 | $5,585 | 7 | $63,765 | $529,926 | $54,011 |
| 2021 | $1,461,663 | $213,926 | $94,884 | $472 | 4 | $65,750 | $84,792 | $60,809 |
| 2020 | $1,137,536 | $60,735 | $40,082 | $20,447 | 7 | — | $28,777 | $49,613 |
Under IRS private-foundation payout rules, American Dream Foundation Inc reported a distributable amount of $59K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. The 2025 grants include general charitable-purpose awards and two awards identified as TOC scholarships.
Grantmaking
In 2025, the foundation gave 10 grants totaling $36,538. Grant amounts ranged from $122 to $23,550, with a median of $500. The largest awards were $23,550 to LEADERS TO GIVE INC in Salt Lake City, Utah; $5,110 to PICKLEBALL HALL OF FAME in Darien, Connecticut; and $5,050 to TURNING POINT USA in Phoenix, Arizona. Other listed recipients included the Weber County Fraternal Order of Police ($1,218), the Salvation Army ($749), Utah State University ($250), Brigham Young University–Idaho ($200), Ensign College ($150), Tunnel to Towers Foundation ($139), and St. Jude Children’s Research Hospital ($122).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists John A Gullo as director, John D Gullo as trustee/director (listed as “TRUSTEE/DIRE”), and Brett Dagley as director.
American Dream Foundation Inc's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
John D. Gullo
Director, Trustee & Director
Trustee → Director, Trustee & Director, 2025
On filings since 2020
$56K (2021) → $0 (2025)
Brett Dagley
Director
Trustee → Director, 2025
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $56K, to John D Gullo (Trustee).
Frequently asked questions about American Dream Foundation Inc
How much does American Dream Foundation Inc give each year?
American Dream Foundation Inc gave $37K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $72K across 10 grants.
What is American Dream Foundation Inc's typical grant size?
American Dream Foundation Inc's median grant in 2025 was $500, and its average grant was $3,654, across 10 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from American Dream Foundation Inc that year got $3K on average.
Where does American Dream Foundation Inc give grants?
American Dream Foundation Inc gives mostly in Utah: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Connecticut (14%) and Arizona (14%). The most frequent recipient cities were Salt Lake City, UT (2 grants) and Ogden, UT (2 grants).
Does American Dream Foundation Inc give general operating support?
Yes: 80% of American Dream Foundation Inc's 2025 grants with a stated purpose (8 of 10) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are American Dream Foundation Inc's largest grantees?
American Dream Foundation Inc's largest 2025 grantees include Leaders to Give Inc ($23,550), Pickleball Hall of Fame ($5,110) and Turning Point USA ($5,050), according to its 2025 IRS Form 990-PF. Together they received 92% of its itemized 2025 grant dollars.
How large is American Dream Foundation Inc?
American Dream Foundation Inc reported $999K in total assets on its 2025 IRS Form 990-PF. It paid out $37K in qualifying distributions that year, against a required minimum of $59K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does American Dream Foundation Inc fund?
No mission statement is provided. The 2025 grants include general charitable-purpose awards and two awards identified as TOC scholarships. See mission & focus areas ↑
How do I apply for a grant from American Dream Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is American Dream Foundation Inc's EIN?
American Dream Foundation Inc's EIN (Employer Identification Number) is 31-1642351. IRS Form 990 filing data is available on this page for 2020–2025.
Does American Dream Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 27, 2026)
- IRS filings on file for fiscal years 2020–2025
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