John and Marcia Price Family Foundation
The John and Marcia Price Family Foundation is a private foundation based in Salt Lake City, Utah, established in 1997. As a 501(c)(3) organization, it operates as a grantmaking foundation focused on philanthropic activities across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$63.1M
+22.4% YoY
Annual Giving
$5.7M
+20.0% YoY
Grant Count
72
+7.5% YoY
Avg Grant Size
$79K
+11.7% YoY
Under IRS private-foundation payout rules, John and Marcia Price Family Foundation reported a distributable amount of $2.9M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary giving focuses on:
- Arts and Culture — including performing arts, music, and orchestral music
- Education — particularly higher education
- Human Services — including family services and child welfare
- Civic Affairs
- Health
- Film
- Jewish Organizations
Grantmaking
The foundation is an active grantmaker with significant annual giving. Recent grant activity includes:
Grant Range
** Typical awards span from $100 to $3,047,273
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Geographic Focus
Where this funder awards grants
The foundation funds organizations across multiple states, with primary activity in:
- Utah (particularly Salt Lake City)
- California
- New York
- Arizona, Colorado, Florida, Illinois, Massachusetts, Minnesota, Pennsylvania, Texas, Washington, and other states
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $63,067,258
- Total Revenues: $5,789,765
- Total Expenses: $5,885,259
- Total Giving: $5,702,448
- Investment Income and Dividends: $715,917
As of 2023:
- Total Assets: $51.5 million
- Total Revenues: $134,000
- Total Expenses: $4.81 million
The foundation has no employees and carries no liabilities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $63,067,258 | $51,534,502 | $34,689,195 |
| Revenue | $5,789,765 | $134,372 | $2,298,242 |
| Expenses | $5,885,259 | $4,811,701 | $5,331,168 |
| Qualifying Distributions | $5,714,404 | $4,672,660 | $5,208,249 |
| Net Investment Income | $2,667,196 | $465,967 | $456,761 |
| Distributable Amount | $2,859,726 | $2,242,404 | $1,830,756 |
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
247 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Univ of Utah College of Engineering ($3,013,810), University of Utah ($1,250,000), Utah Museum of Fine Arts ($300,500).
| Recipient | Purpose | Amount |
|---|---|---|
| KENNEDY CENTER WASHINGTON, DC | PROGRAM SUPPORT | $150,000 |
| RARIE WOODBURY DANCE COMPANY SALT LAKE CITY, UT | PROGRAM SUPPORT | $25,000 |
| BALLET WEST SALT LAKE CITY, UT | PROGRAM SUPPORT | $117,500 |
| YMCA UTAH SALT LAKE CITY, UT | PROGRAM SUPPORT | $500 |
| CARMEL BACH FESTIVAL CARMELBYTHESEA, CA | PROGRAM SUPPORT | $5,000 |
| CHILDREN'S CENTER FARMINGTON, UT | PROGRAM SUPPORT | $7,500 |
| PIONEER THEATRE COMPANY SALT LAKE CITY, UT | PROGRAM SUPPORT | $4,700 |
| REPORTORY DANCE THREATRE ALLENTOWN, PA | PROGRAM SUPPORT | $1,000 |
| SALT LAKE ACTING COMPANY SALT LAKE CITY, UT | PROGRAM SUPPORT | $10,000 |
| SALT LAKE ARTS CENTER SALT LAKE CITY, UT | PROGRAM SUPPORT | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- John Price — Trustee and Manager; former U.S. Ambassador to Mauritius, Comoros, and the Seychelles
- Marcia Price — Manager
- Tom KLC — Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN PRICE | Trustee&MANAGER | — | — |
| TOM KLC | Executive Direc | — | — |
| MARCIA PRICE | MANAGER | — | — |
| JOHN STEVEN PRICE | MANAGER | — | — |
| DEIRDRA PRICE | MANAGER | — | — |
| JENNIFER PRICE WALLIN | MANAGER | — | — |
Recent News & Activity
Recent developments and announcements
In January 2023, the University of Utah announced a $50 million gift from the John and Marcia Price Family Foundation to support its College of Engineering. The gift established a $32.5 million endowment for student scholarships, teaching labs, equipment, and educational initiatives, with discretionary funds to help the college respond to changes. The remaining $17.5 million was designated for construction of a six-story, 253,000-square-foot facility to be named the John and Marcia Price Computing and Engineering Building. The Price Foundation was the first to pledge significant funding for this $190 million building project.
Landing > Student Success - University of Utah GivingThe foundation has also established a major endowment at the Utah Museum of Fine Arts, demonstrating its commitment to arts and cultural institutions in Utah.
Price family establishes major endowment at the Utah Museum of Fine Arts\Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does John and Marcia Price Family Foundation fund?
The foundation's primary giving focuses on: • **Arts and Culture** — including performing arts, music, and orchestral music • **Education** — particularly higher education • **Human Services** — including family services and child welfare • **Civic Affairs** • **Health** • **Film** • **Jewish Organizations**
How do I apply for a grant from John and Marcia Price Family Foundation?
The foundation is an active grantmaker with significant annual giving. Recent grant activity includes: • **47 grants awarded** in the most recent year • **Grant range:** Typical awards span from $100 to $3,047,273 • **Types of support:** General operating support and project support • University of Utah: $1,250,000 (Parking Structure, 2024) • Utah Symphony Utah Opera (USUO): $175,000 (Program Support, 2024) • Utah Sports Commission: $150,000 (Program Support, 2024) The foundation also made a tr…
Where does John and Marcia Price Family Foundation make grants?
The foundation funds organizations across multiple states, with primary activity in: • Utah (particularly Salt Lake City) • California • New York • Arizona, Colorado, Florida, Illinois, Massachusetts, Minnesota, Pennsylvania, Texas, Washington, and other states
What size grants does John and Marcia Price Family Foundation award?
In 2024, John and Marcia Price Family Foundation awarded 72 grants totaling $5.7M — an average of about $79K per grant, based on its IRS Form 990 filings.
How much is John and Marcia Price Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, John and Marcia Price Family Foundation reported a distributable amount of $2.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is John and Marcia Price Family Foundation's EIN?
John and Marcia Price Family Foundation's EIN (Employer Identification Number) is 84-1402027. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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