American Dream Foundation

OGDEN, UT EIN: 31-1642351

American Dream Foundation is a private foundation focused on Employment, based in OGDEN, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 10 grants totaling $72K. Net investment income was $69K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

+4.5% YoY

Annual Giving

$72K

-75.0% YoY

Grant Count

10

-28.6% YoY

Avg Grant Size

$7K

-65.0% YoY

Under IRS private-foundation payout rules, American Dream Foundation reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.

About American Dream Foundation

Based on IRS filings

American Dream Foundation is a private foundation focused on Employment, based in OGDEN, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 10 grants totaling $72K. Net investment income was $69K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states
+1 more states

Cities

AlpineBenjaminDarienEscondidoGlenbrookLaytonLoganMemphisOgdenOremPhoenixRexburgSalt Lake CitySpringvilleSt GeorgeStaten Island

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$159K$318K$477K$636K20202021202220232024
Metric202420232022
Total Assets$1,157,123$1,106,872$1,198,871
Revenue$128,808$82,810$578,490
Expenses$123,183$307,632$80,916
Qualifying Distributions$99,275$291,599$63,765
Net Investment Income$68,914$26,777$529,926
Distributable Amount$55,831$59,255$54,011

Giving Over Time

Total grant dollars and number of grants per year

$0$72K$143K$215K$287K7 grants20204 grants20217 grants202214 grants202310 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

LEADERS TO GIVE INC$31KPICKLEBALL HALL OF FAME$28KSTATUE OF RESPONSIBILITY…$5KEAST CAPE GUILD$5KWEBER COUNTY FRATERNAL O…$2KBRIGHAM YOUNG UNIVERSITY…$850TUNNEL TO TOWERS FOUNDAT…$139SALVATION ARMY$124ST JUDE CHILDREN'S RESEA…$122SYMBAL ARTS$67

Grant Size Distribution

42 grants across all recorded years

41<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Leaders to Give Inc ($30,817), Pickleball Hall of Fame ($28,000), Statue of Responsibility Foundation ($5,000).

RecipientPurposeAmount
LEADERS TO GIVE INC SALT LAKE CITY, UTGENERAL CHARITABLE PURPOSE$30,817
SALVATION ARMY OGDEN, UTGENERAL CHARITABLE PURPOSE$124
ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TNGENERAL CHARITABLE PURPOSE$122
SYMBAL ARTS OGDEN, UTGENERAL CHARITABLE PURPOSE$67
TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NYGENERAL CHARITABLE PURPOSE$139
EAST CAPE GUILD GLENBROOK, NVGENERAL CHARITABLE PURPOSE$4,800
STATUE OF RESPONSIBILITY FOUNDATION SPRINGVILLE, UTGENERAL CHARITABLE PURPOSE$5,000
WEBER COUNTY FRATERNAL ORDER OF POLICE OGDEN, UTGENERAL CHARITABLE PURPOSE$1,700
BRIGHAM YOUNG UNIVERSITY IDAHO REXBURG, IDGENERAL CHARITABLE PURPOSE$850
PICKLEBALL HALL OF FAME DARIEN, CTGENERAL CHARITABLE PURPOSE$28,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JOHN A GULLOTRUSTEE20
JOHN D GULLOTRUSTEE20
BRETT DAGLEYTRUSTEE2

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is American Dream Foundation?

American Dream Foundation is a private foundation focused on Employment, based in OGDEN, UT. It holds $1.2M in total assets as of 2024.

How large is American Dream Foundation?

As of 2024, American Dream Foundation holds $1.2M in total assets with $129K in annual revenue. It awarded 10 grants totaling $72K in 2024.

Where does American Dream Foundation operate?

American Dream Foundation has awarded grants in Arizona, California, Connecticut, Idaho, Nevada, New York, Tennessee, Utah, Wyoming.

What size grants does American Dream Foundation award?

In 2024, American Dream Foundation awarded 10 grants totaling $72K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is American Dream Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, American Dream Foundation reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is American Dream Foundation's EIN?

American Dream Foundation's EIN (Employer Identification Number) is 31-1642351. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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