Richard W Sorenson Family Foundation
Richard W Sorenson Family Foundation is a private foundation, based in Fort Lauderdale, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.7M in total assets. In 2024, it awarded 5 grants totaling $740K. Net investment income was $609K.
Richard W Sorenson Family Foundation at a glance
In short: Richard W Sorenson Family Foundation gave $740K across 5 grants in 2024 (avg $148K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $740,000
- +28.1% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $148,000
- +2.5% vs 2023
- Median grant
- $20,000
- Total assets
- $9,680,123
- -1.3% vs 2023
- Primary geography
- Massachusetts (68% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Richard W Sorenson Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Babson College ($500K). Together the top 5 received $740K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 12 grants of 23 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Richard W Sorenson Family Foundation gives
- Giving fell 32% from 2021 to 2024. Method
- In 2024 it paid out 176% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $510K (2020) to $1.1M (2021). In 2024 it made 5 grants totaling $740K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Babson College Babson Park, MA | Support Organization's Programs and Activities | $500,000 |
| Cleveland Clinic Martin Health Stuart, FL | Support Organization's | $200,000 |
| Grand Teton National Park Foundation Moose, WY | Support Organization's Programs and Activities | $20,000 |
| Friends of Bridger Teton National Forest Jackson, WY | Support Organization's Programs and Activities | $10,000 |
| Kingswood Oxford School West Hartford, CT | Support Organization's Programs and Activities | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,680,123 | $700,243 | $761,722 | $740,000 | 5 | $747,290 | $609,449 | $424,659 |
| 2023 | $9,806,716 | $523,207 | $597,118 | $577,500 | 4 | $586,950 | $641,429 | $411,679 |
| 2022 | $9,880,736 | $749,414 | $722,592 | $672,500 | 7 | $672,500 | $686,172 | $452,051 |
| 2021 | $9,884,606 | $3,500,201 | $1,118,605 | $1,085,000 | 4 | $1,085,000 | $3,161,503 | $455,210 |
| 2020 | $7,535,549 | $2,667,222 | $510,000 | $510,000 | 3 | — | $2,367,222 | $333,653 |
Under IRS private-foundation payout rules, Richard W Sorenson Family Foundation reported a distributable amount of $425K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard W Sorenson Family Foundation is led by Richard W. Sorenson, President, Treasurer & Director since 2021 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard W. Sorenson
President, Treasurer & Director
Director → President, Treasurer & Director, 2021
On filings since 2020
No compensation reported
Paul Kleinfeld
Director
On filings since 2021
No compensation reported
Sandra Sorenson
Vice President, Secretary & Director
On filings since 2021
No compensation reported
Former officers (2)
- Former: Barbara Forasriere (2020) — Director
- Former: Edward D. Rosenthal (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Richard W Sorenson Family Foundation
How much does Richard W Sorenson Family Foundation give each year?
Richard W Sorenson Family Foundation gave $740K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $578K across 4 grants.
What is Richard W Sorenson Family Foundation's typical grant size?
Richard W Sorenson Family Foundation's median grant in 2024 was $20,000, and its average grant was $148,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does Richard W Sorenson Family Foundation give grants?
Richard W Sorenson Family Foundation gives mostly in Massachusetts: 68% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (27%).
Does Richard W Sorenson Family Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Richard W Sorenson Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Organization's Programs and Activities" (4 grants).
Who are Richard W Sorenson Family Foundation's largest grantees?
Richard W Sorenson Family Foundation's largest 2024 grantees include Babson College ($500,000), Cleveland Clinic Martin Health ($200,000) and Grand Teton National Park Foundation ($20,000), according to its 2024 IRS Form 990-PF. Together they received 97% of its itemized 2024 grant dollars.
How large is Richard W Sorenson Family Foundation?
Richard W Sorenson Family Foundation reported $9.7M in total assets on its 2024 IRS Form 990-PF. It paid out $747K in qualifying distributions that year, against a required minimum of $425K (roughly 5% of its investment assets).
What is Richard W Sorenson Family Foundation's EIN?
Richard W Sorenson Family Foundation's EIN (Employer Identification Number) is 22-2547323. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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