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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.7M
-1.3% YoY
Annual Giving
$740K
+28.1% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$148K
+2.5% YoY
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.
About Richard W Sorenson Family Foundation
Based on IRS filings
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,680,123 | $9,806,716 | $9,880,736 |
| Revenue | $700,243 | $523,207 | $749,414 |
| Expenses | $761,722 | $597,118 | $722,592 |
| Qualifying Distributions | $747,290 | $586,950 | $672,500 |
| Net Investment Income | $609,449 | $641,429 | $686,172 |
| Distributable Amount | $424,659 | $411,679 | $452,051 |
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
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Babson College ($500,000), Cleveland Clinic Martin Health ($200,000), Grand Teton National Park Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BABSON COLLEGE BABSON PARK, MA | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES | $500,000 |
| 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 |
| CLEVELAND CLINIC MARTIN HEALTH STUART, FL | SUPPORT ORGANIZATION'S | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD W SORENSON | PRESIDENT, TREASURER, DIRECTOR | — | — |
| PAUL KLEINFELD | DIRECTOR | — | — |
| SANDRA SORENSON | VP, SECRETARY, DIRECTOR | — | — |
Frequently Asked Questions
How large is Richard W Sorenson Family Foundation?
As of 2024, Richard W Sorenson Family Foundation holds $9.7M in total assets with $700K in annual revenue. It awarded 5 grants totaling $740K in 2024.
Where does Richard W Sorenson Family Foundation operate?
Richard W Sorenson Family Foundation has awarded grants in Connecticut, Florida, Massachusetts, New York, Wyoming.
What size grants does Richard W Sorenson Family Foundation award?
In 2024, Richard W Sorenson Family Foundation awarded 5 grants totaling $740K — an average of about $148K per grant, based on its IRS Form 990 filings.
How much is Richard W Sorenson Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard W Sorenson Family Foundation reported a distributable amount of $425K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Richard W Sorenson Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.