Jax Foundation

SALT LAKE CTY, UT EIN: 87-0624351

Jax Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CTY, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $481K in total assets. In 2024, it awarded 3 grants totaling $50K. Net investment income was $25K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$481K

-13.8% YoY

Annual Giving

$50K

+42.9% YoY

Grant Count

-57.1% YoY

Avg Grant Size

$17K

+233.3% YoY

Under IRS private-foundation payout rules, Jax Foundation reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.

About Jax Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Utah $195K (100%)

States

Utah

Cities

Cedar CitySalt Lake City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$480,688	$557,628	$548,125
Revenue	$-19,049	$46,946	$24,387
Expenses	$57,891	$37,443	$51,958
Qualifying Distributions	$56,591	$36,025	$49,401
Net Investment Income	$25,306	$45,835	$22,092
Distributable Amount	$48,996	$42,494	$42,073

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

28 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Judge Memorial Catholic High School ($40,000), University of Utah College of Nursi ($5,000), University of Utah Dept Orthopaedic ($5,000).

Recipient	Purpose	Amount
UNIVERSITY OF UTAH COLLEGE OF NURSI Salt Lake City, UT	ADD TO SCHOLARSHIP ENDOWMENT	$5,000
UNIVERSITY OF UTAH DEPT ORTHOPAEDIC SALT LAKE CITY, UT	ADD TO SCHOLARSHIP ENDOWMENT	$5,000
JUDGE MEMORIAL CATHOLIC HIGH SCHOOL SALT LAKE CITY, UT	CAPITAL CAMPAIGN FOR NEW CAMPUS	$40,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOSEPH E FRATTO FR	BOARD MEMBER	1	$1,000
ANNE E FRATTO	BOARD MEMBER	1	$1,000
CAROLYN FRATTO McLEOD	BOARD MEMBER	1	$1,000
LAUREN FRATTO	BOARD MEMBER	1	$1,000
NICHOLAS CUTLER	BOARD MEMBER	1	$1,000
LINDSAY CUTSHALL	BOARD MEMBER	1	$1,000
RONNY L CUTSHALL	BOARD MEMBER & TRUSTEE	3	$1,181

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Jax Foundation?

Jax Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CTY, UT. It holds $481K in total assets as of 2024.

How large is Jax Foundation?

As of 2024, Jax Foundation holds $481K in total assets with $-19,049 in annual revenue. It awarded 3 grants totaling $50K in 2024.

Where does Jax Foundation operate?

Jax Foundation has awarded grants in Utah.

What size grants does Jax Foundation award?

In 2024, Jax Foundation awarded 3 grants totaling $50K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Jax Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jax Foundation reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.