Richard W Sorenson Family Foundation

FORT LAUDERDALE, FL EIN: 22-2547323

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $3.0M (84%)

Florida $415K (12%)

Wyoming $110K (3%)

Connecticut $45K (1%)

New York $15K (0%)

States

Connecticut Florida Massachusetts New York Wyoming

Cities

Babson ParkFt LauderdaleFt LauterdaleJacksonMooseNew YorkStuartWest Hartford

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.