The GFC Foundation
The GFC Foundation is a private foundation established in 1994 and based in Pleasant Grove, Utah. The acronym GFC stands for "God, Family, and Country." The foundation operates as a family foundation with a focus on grantmaking to charitable organizations aligned with its core values.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.0M
-4.8% YoY
Annual Giving
$1.2M
+2.5% YoY
Grant Count
14
-6.7% YoY
Avg Grant Size
$87K
+9.8% YoY
Mission & Focus Areas
The foundation's mission centers on freedom, cultural renewal, K-12 education, higher education, and poverty relief. The foundation has deep roots in faith-based philanthropy, with shared religious faith serving as a key factor in transmitting donor intent across generations. The foundation is affiliated with the Church of Jesus Christ of Latter-day Saints.
Beyond direct grantmaking, the GFC Foundation has chartered the Sutherland Institute, a public-policy organization, and American Heritage, a local faith-based private school.
Grantmaking
In 2024, the foundation made 12 grants to organizations. Recent notable grants include:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $14,028,959
- Total Revenues: $295,235
- Total Expenses: $1,331,402
- Investment Income and Dividends: $407,154
- Number of Employees: 0
As of December 2023:
- Total Assets: $14.7 million
- Total Revenues: $480,291
- Total Expenses: $1,282,370
- Total Liabilities: $0
The foundation's primary revenue source is investment income and dividends from U.S. Treasury bonds.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,028,959 | $14,729,172 | $15,531,251 |
| Revenue | $295,235 | $480,291 | $503,942 |
| Expenses | $1,331,402 | $1,282,370 | $1,806,135 |
| Qualifying Distributions | $1,216,492 | $1,186,591 | $1,653,766 |
| Net Investment Income | $45,179 | $382,627 | $258,750 |
| Distributable Amount | $679,572 | $757,785 | $1,015,214 |
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
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation has transmitted its mission across three generations of the Swim family:
- Dudley Swim founded the original foundation in 1941 and passed away in 1972
- Gaylord Swim and his wife Laurie took up the family's philanthropy; Gaylord established the current version of the foundation in 1994
- Stan Swim served as the third-generation president of the foundation until July 2018
- Current trustees include Lauralyn B Swim, Brent McKinley, and Michael Ware
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURALYN B SWIM | PRESIDENT | 2 | — |
| BRENT MCKINLEY | DIRECTOR | 2 | $16,000 |
| MICHALE WARE | SECRETARY | 2 | $5,040 |
Contact Information
- Phone: 385-225-9564
- Address: PO Box 754, Pleasant Grove, UT 84062-0754
- EIN: 87-0529248
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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