The Stephen and Lynda
The Stephen and Lynda is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Salt Lake City, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 13 grants totaling $294K. Net investment income was $325K.
Key facts about The Stephen and Lynda
- EIN
- 82-3019325
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $294,000
- Grants made (2024)
- 13
- Average grant
- $22,615
- Median grant
- $20,000
- New grantees (estimate)
- 38% first-time grantees (5 of 13, 2024)
- Total assets
- $5,702,558
- Primary geography
- Utah (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Stephen and Lynda funds
By grant dollars, the top recipient states for The Stephen and Lynda's 13 itemized 2024 grants were Utah (100%). The most frequent recipient cities were Salt Lake City, UT (8 grants) and Draper, UT (3 grants). None of its 13 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Contribution" (13 grants).
Is The Stephen and Lynda open to new grantees?
38%
first-time grantees, 2024
In 2024, 5 of 13 grantees (38%) were first-time recipients. First grants averaged $27K; repeat grants $20K. How we count
Medians: $20K first-time, $20K repeat.
- 62% of 2024 grantees were also funded in 2023. Method
- Giving grew 42% from 2021 to 2024. Method
- In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Stephen and Lynda
- How to evaluate The Stephen and Lynda as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.7M
+0.6% YoY
Annual Giving
$294K
+3.6% YoY
Grant Count
13
+44.4% YoY
Avg Grant Size
$23K
-28.2% YoY
Under IRS private-foundation payout rules, The Stephen and Lynda reported a distributable amount of $300K for 2024 — the minimum it must pay out in qualifying distributions.
About The Stephen and Lynda
Based on IRS filings
The Stephen and Lynda is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Salt Lake City, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 13 grants totaling $294K. Net investment income was $325K.
Focus Areas
Ready to take the next step with The Stephen and Lynda?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,702,558 | $5,667,998 | $6,518,063 |
| Revenue | $405,350 | $-505,578 | $143,848 |
| Expenses | $374,337 | $350,013 | $332,702 |
| Qualifying Distributions | $294,000 | $283,668 | $219,166 |
| Net Investment Income | $325,013 | $57,043 | $81,537 |
| Distributable Amount | $300,229 | $286,830 | $299,750 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Sterling Innovators & Mentors ($59,000), Salt Lake Community College ($30,000), Utah First Robotics ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STERLING INNOVATORS & MENTORS Draper, UT | CHARITABLE CONTRIBUTION | $59,000 |
| SALT LAKE COMMUNITY COLLEGE Salt Lake City, UT | CHARITABLE CONTRIBUTION | $30,000 |
| UTAH FIRST ROBOTICS Salt Lake City, UT | CHARITABLE CONTRIBUTION | $30,000 |
| UNIVERSITY OF UTAH COLLEGE OF SOCIAL AND BEHAVIORAL SCIENCE Salt Lake City, UT | CHARITABLE CONTRIBUTION | $25,000 |
| ALZHEIMER'S ASSOCIATION Draper, UT | CHARITABLE CONTRIBUTION | $20,000 |
| AMERICAN PREPARATORY ACADEMY Draper, UT | CHARITABLE CONTRIBUTION | $20,000 |
| STEM ACTION CENTER South Salt Lake, UT | CHARITABLE CONTRIBUTION | $20,000 |
| THE OTHER SIDE ACADEMY Salt Lake City, UT | CHARITABLE CONTRIBUTION | $20,000 |
| UNIVERSITY OF UTAH COLLEGE OF ENGINEERING Salt Lake City, UT | CHARITABLE CONTRIBUTION | $20,000 |
| UNIVERSITY OF UTAH JOHN A MORAN EYE CENTER Salt Lake City, UT | CHARITABLE CONTRIBUTION | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lynda M Jacobsen | Director | — | — |
| Sharyn Ann Rash | Director | — | — |
| John McCullough | Director | — | — |
| Gregory Aiken | Director | — | — |
| Gregory C Zaugg | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Stephen and Lynda?
The Stephen and Lynda is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Salt Lake City, UT. It holds $5.7M in total assets as of 2024.
How large is The Stephen and Lynda?
As of 2024, The Stephen and Lynda holds $5.7M in total assets with $405K in annual revenue. It awarded 13 grants totaling $294K in 2024.
Where does The Stephen and Lynda operate?
The Stephen and Lynda has awarded grants in Utah.
What size grants does The Stephen and Lynda award?
In 2024, The Stephen and Lynda awarded 13 grants totaling $294K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Stephen and Lynda required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Stephen and Lynda reported a distributable amount of $300K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Stephen and Lynda's EIN?
The Stephen and Lynda's EIN (Employer Identification Number) is 82-3019325. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.