Sorenson Impact Foundation
Sorenson Impact Foundation is a private independent foundation established in 2012 and headquartered in Salt Lake City, Utah. The organization is designated as a 501(c)(3) nonprofit and operates as a grantmaking foundation with a distinctive focus on impact investing. The Foundation invests in innovative social entrepreneurs addressing global challenges and has moved 100% of its assets into impact investments annually to accomplish its mission.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$3.6M
+53.3% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$300K
+40.5% YoY
Mission & Focus Areas
The Foundation's mission centers on making mission-aligned investments that sustain funding into the future while generating both scalable impact and financial returns. The organization demonstrates a commitment to showing the financial services market that social impact and financial returns are not mutually exclusive.
The Foundation's program-related investments deploy catalytic capital to create and improve systems that reduce inequality and increase access to opportunity for historically marginalized communities worldwide. Focus areas include increasing access to necessities such as healthcare, education, clean water, jobs, and safety.
Grantmaking
The Foundation maintains a robust portfolio structure comprised of:
Grant Range
$125,000 to $175,000
How to Apply
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Geographic Focus
Where this funder awards grants
The Foundation primarily funds organizations in Utah, New York, and the District of Columbia. The program-related investment portfolio includes companies headquartered across 14 countries and five continents.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Income (2023):
- Total Assets: $142 million to $154 million
- Annual Revenue: $2.24 million (2023)
- Annual Expenses: $4.13 million (2023)
- Total Liabilities: $30,400 (2023)
- Annual Distributions: $7.1 million (2023)
Historical Growth:
- Total assets have grown from initial establishment in 2011 to $140.2 million by 2024
- Annual giving grew from $3.2 million in 2020 to $8.9 million in 2022
Tax Status:
- Tax-exempt since October 2011
- EIN: 45-3203840
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Realize Impact ($1,000,000), University of Utah ($638,000), Lafayettte Square Foundation ($375,000).
| Recipient | Purpose | Amount |
|---|---|---|
| University of Utah Salt Lake City, UT | Impact investing student program; general support | $638,000 |
| The Aspen Institute Washington, DC | Neiborhood real estate ownership project and employee ownership project | $250,000 |
| Rutgers University New Bruswick, NJ | Education and research in the area of emloyee ownership and profit sharing models | $250,000 |
| Realize Impact Bainbridge Island, WA | Philantrhopic investment grant for affordable home ownership | $1,000,000 |
| Ownership Works Inc New York, NY | Research and framework development for home shared ownership projects | $250,000 |
| New Venture Fund Washington, DC | Impact investing alliance | $75,000 |
| New Venture Fund Washington, DC | Catalytic capital consortium project | $175,000 |
| Lafayettte Square Foundation Miami, FL | Support for projects creating equitable wealth including employee ownership | $375,000 |
| ImpactAlpha Berkeley, CA | Providing public education on homeownership, employee ownership and community ownership | $250,000 |
| Impact Investing Institute | Development of educational campaign to promote and encourage impact investing to catalyze social change | $40,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- James Lee Sorenson - Director (20 hours/week, $0 compensation)
- Krista Sorenson - Director (5 hours/week, $0 compensation)
- Luke Sorenson - Director (1 hour/week, $0 compensation)
- Paul Ludlow - CFO & Secretary (10 hours/week, $0 compensation)
- Lindsay Zizumbo - Program Manager (40 hours/week, $218,000)
- Savannah Johnson - Investment Manager (40 hours/week, $205,000)
- Jenny Romney - Executive Assistant (40 hours/week, $68,000)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James Lee Sorenson | Director | 20 | — |
| Krista Sorenson | Director | 5 | $4,553 |
| Luke Sorenson | Director | 1 | — |
| Paul Ludlow | CFO & Secretary | 10 | — |
Recent News & Activity
Recent developments and announcements
**Impact Metrics:**
Through 2023, the Foundation's program-related investment portfolio companies have positively impacted the lives of over 775 million people worldwide. The portfolio has helped create over 174,000 jobs and supported access to essential services.
**Contact Information:**
Phone: (801) 490-1013
Website: sorensonimpactfoundation.org
Address: 6330 S 3000 E, Suite 630, Salt Lake City, UT 84121
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Sorenson Impact Foundation fund?
The Foundation's mission centers on making mission-aligned investments that sustain funding into the future while generating both scalable impact and financial returns. The organization demonstrates a commitment to showing the financial services market that social impact and financial returns are not mutually exclusive. The Foundation's program-related investments deploy catalytic capital to create and improve systems that reduce inequality and increase access to opportunity for historically ma…
How do I apply for a grant from Sorenson Impact Foundation?
**Grant Activity:** • As of 2023, the Foundation has made 55 grants totaling $14.7 million • Median grant size: $125,000 to $175,000 • Grant range: $23,000 to $2,000,000 • Average award: $267,000 • The Foundation has supported 19 unique organizations **Portfolio Composition:** The Foundation maintains a robust portfolio structure comprised of: • Mission-related investment portfolio • Grant portfolio • Program-related investment portfolio with 61 active investments in companies headquartered in …
Where does Sorenson Impact Foundation make grants?
The Foundation primarily funds organizations in Utah, New York, and the District of Columbia. The program-related investment portfolio includes companies headquartered across 14 countries and five continents.
What size grants does Sorenson Impact Foundation award?
In 2024, Sorenson Impact Foundation awarded 12 grants totaling $3.6M — an average of about $300K per grant, based on its IRS Form 990 filings.
What is Sorenson Impact Foundation's EIN?
Sorenson Impact Foundation's EIN (Employer Identification Number) is 45-3203840. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sorenson Impact Foundation's focus areas in our free grants database
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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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