Richard W Sorenson Family Foundation

Private foundation · Grantmaker 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.

Key facts about Richard W Sorenson Family Foundation

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.

EIN
22-2547323
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$740,000
Grants made (2024)
5
Average grant
$148,000
Median grant
$20,000
Total assets
$9,680,123
Primary geography
Massachusetts (68% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

Babson ParkMooseStuartWest HartfordFt LauterdaleFt LauderdaleJacksonNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M3 grants2020 4 grants2021 7 grants2022 4 grants2023 5 grants2024

From 2020 to 2024, annual grant giving ranged from $510K (2020) to $1.1M (2021). In 2024 it made 5 grants totaling $740K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Babson College: $500KBabson College$500KCleveland Clinic Martin Health: $200KCleveland Clinic Martin Health$200KGrand Teton National Park Foundation: $20KGrand Teton National ParkFoundation$20KFriends of Bridger Teton National Forest: $10KFriends of Bridger TetonNational Forest$10KKingswood Oxford School: $10KKingswood Oxford School$10K

The largest 2024 recipient was Babson College ($500K). Together the top 5 received $740K.

Grant Size Distribution

23 grants across all recorded years

12<$50K4$50–100K2$100–250K1$250–500K3$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 12 grants of 23 (52%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Babson College Babson Park, MASupport Organization's Programs and Activities$500,000
Cleveland Clinic Martin Health Stuart, FLSupport Organization's$200,000
Grand Teton National Park Foundation Moose, WYSupport Organization's Programs and Activities$20,000
Friends of Bridger Teton National Forest Jackson, WYSupport Organization's Programs and Activities$10,000
Kingswood Oxford School West Hartford, CTSupport Organization's Programs and Activities$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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.

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