Ascent Credit Union Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OGDEN, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $113K in total assets. In 2024, it awarded 15 grants totaling $35K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$113K
-12.6% YoY
Annual Giving
$35K
-6.8% YoY
Grant Count
15
-31.8% YoY
Avg Grant Size
$2K
+36.6% YoY
Under IRS private-foundation payout rules, Ascent Credit Union Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Ascent Credit Union Foundation
Based on IRS filings
Ascent Credit Union Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OGDEN, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $113K in total assets. In 2024, it awarded 15 grants totaling $35K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $113,065 | $129,305 | $1,638 |
| Revenue | $37,359 | $167,145 | $2,730 |
| Expenses | $53,599 | $39,478 | $4,644 |
| Qualifying Distributions | $53,060 | $37,132 | $4,644 |
| Net Investment Income | $3,950 | $2,598 | — |
| Distributable Amount | $5,758 | $5,846 | $5 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ogden School Foundation ($12,500), Ogden-Weber Technical College ($4,800), Ogden School Foundation ($4,081).
| Recipient | Purpose | Amount |
|---|---|---|
| Ogden School Foundation Ogden, UT | Sponsorship pays for shirts for students in elementary that attend a university for a day. | $4,081 |
| Weber State Recreation Ogden, UT | Sponsorship for materials and marketing for outdoor recreation at Weber State University | $600 |
| Weber Human Services Ogden, UT | Sponsorship of golf tournament to assist the organization and their purpose | $3,000 |
| Ogden School Foundation Ogden, UT | Sponsorship of event to benefit the students in Ogden School District. | $1,500 |
| United Way of Northern Utah Ogden, UT | Sponsorship of fundraising events | $1,000 |
| EnableUtah Ogden, UT | Sponsorship of fundraising event to benefit patrons of EnableUtah | $1,500 |
| Ogden-Weber Technical College Ogden, UT | Sponsorship of fundraising event to increase scholarships for students attending the college | $4,800 |
| Ogden School Foundation Ogden, UT | Sponsorship of fundraising event to benefit the children of the Ogden School District. | $12,500 |
| Youth Impact Ogden, UT | Sponsorship of fundraising events to benefit youth of Ogden. | $1,000 |
| Weber School Foundation Washington Terrace, UT | Weber High School wrestling team sponsorship Weber High School drill team team sponsorship | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elene Hess | Officer | 14 | — |
| Brock Mortensen | Director | 1 | — |
| Spencer Kitchen | Director | 1 | — |
| Cami Higgs | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ascent Credit Union Foundation?
Ascent Credit Union Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OGDEN, UT. It holds $113K in total assets as of 2024.
How large is Ascent Credit Union Foundation?
As of 2024, Ascent Credit Union Foundation holds $113K in total assets with $37K in annual revenue. It awarded 15 grants totaling $35K in 2024.
Where does Ascent Credit Union Foundation operate?
Ascent Credit Union Foundation has awarded grants in Utah.
What size grants does Ascent Credit Union Foundation award?
In 2024, Ascent Credit Union Foundation awarded 15 grants totaling $35K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Ascent Credit Union Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ascent Credit Union Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ascent Credit Union Foundation's EIN?
Ascent Credit Union Foundation's EIN (Employer Identification Number) is 47-5685430. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ascent Credit Union Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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