Joan and Tim Fenton Family Foundation
The Joan and Tim Fenton Family Foundation is a private independent foundation established in 2016 and based in Midvale, Utah. The foundation is a 501(c)(3) tax-exempt organization created by Joan and Tim Fenton to improve the lives of others and the world in which they live.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$92.4M
+10.0% YoY
Annual Giving
$2.2M
-24.5% YoY
Grant Count
29
-40.8% YoY
Avg Grant Size
$77K
+27.6% YoY
Mission & Focus Areas
The foundation's mission is to improve the lives of others and the world in which we live through support for a wide range of endeavors. Primary funding areas include:
- Community development
- Education
- Healthcare
- Scientific pursuits
- Artistic pursuits
- Religious endeavors
- Literary endeavors
- Charitable endeavors
Grantmaking
Applications must be submitted by the first day of the month prior to a calendar quarter.
Grant Range
$25,000
Average Grant
$77,000 to $82,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Utah, with secondary activity in California and North Carolina. Grantmaking reaches organizations across multiple states, with the majority of grants concentrated in Utah.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $92.4 million
- Total Revenue: $7.98 million
- Total Expenses: $3.21 million
- Total Liabilities: $16,000
- Net Investment Income: $7.23 million
- Qualifying Distributions: $2.89 million
Financial Growth: Assets have grown from $78.6 million in 2022 to $84.0 million in 2023 to $92.4 million in 2024, representing a 10% year-over-year increase.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $92,396,091 | $84,002,602 | $78,627,623 |
| Revenue | $7,980,523 | $2,967,366 | $3,736,034 |
| Expenses | $3,210,323 | $3,806,042 | $19,278,874 |
| Qualifying Distributions | $2,893,262 | $3,538,513 | $5,006,804 |
| Net Investment Income | $7,232,376 | $2,833,727 | $3,652,485 |
| Distributable Amount | $4,756,111 | $4,300,652 | $4,090,954 |
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
187 grants across all recorded years
Open Grants
1 open opportunity from Joan and Tim Fenton Family Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by nine officers and trustees:
- Joan Fenton (Director/President)
- Tim Fenton (Director/Vice President)
- Melissa Fenton Hiller (Director)
- Emily Gustafson (Director)
- Adam Fenton (Director)
- Ann Marie Durrant (Director)
- Mark Fenton (Director)
- Matthew Fenton (Director)
- Michael Fenton (Director)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOAN FENTON | DIRECTOR/PRESIDENT | 4 | $32,500 |
| TIM FENTON | DIRECTOR/VICE PRESIDENT | 3 | $19,500 |
| MELISSA FENTON HILLER | DIRECTOR | 3 | $19,500 |
| EMILY GUSTAFSON | DIRECTOR | 3 | $19,500 |
| ADAM FENTON | DIRECTOR | 3 | $18,000 |
| ANN MARIE DURRANT | DIRECTOR | 3 | $19,500 |
| MARK FENTON | DIRECTOR | 3 | $19,500 |
| MATTHEW FENTON | DIRECTOR | 3 | $18,000 |
| MICHAEL FENTON | DIRECTOR | 3 | $19,500 |
Recent News & Activity
Recent developments and announcements
The foundation made a $5 million investment in the University of Utah to create the "Fenton Founders Fund," an evergreen fund designed to support student-founded startups. This initiative was unveiled through the Sorenson Impact Institute and represents the foundation's commitment to entrepreneurship and education in Utah.
University of Utah Unveils \u201CFounders Fund\u201D Created Through an\Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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