David W Bernolfo Memorial Foundation Inc
David W Bernolfo Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $73.8M in total assets. In 2024, it awarded 5 grants totaling $2.0M. Net investment income was $2.6M.
Key facts about David W Bernolfo Memorial Foundation Inc
- EIN
- 87-4293165
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,000,000
- Grants made (2024)
- 5
- Average grant
- $400,000
- Median grant
- $100,000
- Total assets
- $73,751,474
- Primary geography
- Utah (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who David W Bernolfo Memorial Foundation Inc funds
By grant dollars, the top recipient states for David W Bernolfo Memorial Foundation Inc's 5 itemized 2024 grants were Utah (100%). The most frequent recipient cities were Salt Lake City, UT (4 grants). None of its 5 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Further Their Mission" (5 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$73.8M
+0.9% YoY
Annual Giving
$2.0M
+72.9% YoY
Grant Count
5
-37.5% YoY
Avg Grant Size
$400K
+176.7% YoY
Under IRS private-foundation payout rules, David W Bernolfo Memorial Foundation Inc reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.
About David W Bernolfo Memorial Foundation Inc
Based on IRS filings
David W Bernolfo Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $73.8M in total assets. In 2024, it awarded 5 grants totaling $2.0M. Net investment income was $2.6M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $73,751,474 | $73,072,161 | $3,195,301 |
| Revenue | $2,705,646 | $55,940,079 | $3,205,581 |
| Expenses | $2,026,333 | $1,214,940 | $10,280 |
| Qualifying Distributions | $2,026,333 | $1,156,500 | — |
| Net Investment Income | $2,645,646 | $860,769 | $18,296 |
| Distributable Amount | $2,493,851 | $1,989,384 | $1,224,457 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Huntsman Cancer Institute ($1,000,000), Moran Eye Center ($750,000), The Children's Center ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HUNTSMAN CANCER INSTITUTE SALT LAKE CITY, UT | TO FURTHER THEIR MISSION | $1,000,000 |
| MORAN EYE CENTER SALT LAKE CITY, UT | TO FURTHER THEIR MISSION | $750,000 |
| THE CHILDREN'S CENTER SALT LAKE CITY, UT | TO FURTHER THEIR MISSION | $100,000 |
| PEOPLES HEALTH CLINIC PARK CITY, UT | TO FURTHER THEIR MISSION | $100,000 |
| PBS UTAH SALT LAKE CITY, UT | TO FURTHER THEIR MISSION | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID W BERNOLFO | President | — | — |
| STEPHEN C BAMBERGER | Vice President | — | — |
| ASHLEY CAMPANGNA | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is David W Bernolfo Memorial Foundation Inc?
David W Bernolfo Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. It holds $73.8M in total assets as of 2024.
How large is David W Bernolfo Memorial Foundation Inc?
As of 2024, David W Bernolfo Memorial Foundation Inc holds $73.8M in total assets with $2.7M in annual revenue. It awarded 5 grants totaling $2.0M in 2024.
Where does David W Bernolfo Memorial Foundation Inc operate?
David W Bernolfo Memorial Foundation Inc has awarded grants in Illinois, Utah.
What size grants does David W Bernolfo Memorial Foundation Inc award?
In 2024, David W Bernolfo Memorial Foundation Inc awarded 5 grants totaling $2.0M — an average of about $400K per grant, based on its IRS Form 990 filings.
How much is David W Bernolfo Memorial Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David W Bernolfo Memorial Foundation Inc reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David W Bernolfo Memorial Foundation Inc's EIN?
David W Bernolfo Memorial Foundation Inc's EIN (Employer Identification Number) is 87-4293165. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.