Overview
The Sorenson Impact Foundation, based in Salt Lake City, Utah, is a philanthropic organization with assets totaling approximately $142 million. The foundation's expenses amount to over $4 million, while its revenue is around $2.2 million. It focuses on funding initiatives across various cities in the United States, including major urban centers like New York, Chicago, and Philadelphia, as well as its home city of Salt Lake City. The foundation supports projects in multiple states such as California, Georgia, and Massachusetts. Key personnel include James Lee Sorenson, who serves as a Director, along with Krista Sorenson, Luke Sorenson, and Paul Ludlow, who is the CFO and Secretary. Notably, none of the directors receive compensation for their roles. The foundation's mission is to drive social impact through strategic investments and partnerships.
Focus Areas
Geographic Focus
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Financials
in 2024, compared to $142,242,497 in 2023
11 grants awarded in 2024
Of total expenses go to programs
Grants
Amount | Recipient | Purpose | Location | Year | |
|---|---|---|---|---|---|
| $2,000,000 | University of Utah | Epicenter building capital campaign | 201 Presidents Circle Salt Lake City, UT US | 2023 | |
| $825,000 | University of Utah | Impact investing student program; general support | 201 Presidents Circle Salt Lake City, UT US | 2023 | |
| $760,000 | University of Utah | Impact investing student program; general support | 201 Presidents Circle Salt Lake City, UT US | 2022 | |
| $700,000 | University of Utah | Impact investing student program; general support | 201 Presidents Circle Salt Lake City, UT US | 2024 | |
| $250,000 | Aeris Insight | Expanding access to impact data for the use of CDFI investments | 100 S Juniper St Fl 3 Philadelphia, PA US | 2022 | |
| $250,000 | Village Capital | Training for Black entreprenuers | 1101 K Street Ste 920 Washington, DC US | 2022 | |
| $250,000 | Council of Development Finance Agencies | Developing financial applications to reduce lending bias | 100 E Broad Street Suite 1200 Columbus, OH US | 2022 | |
| $250,000 | Global Impact Investing Network | Building racial and diversity metrics into impact investing reporting standards | One Battery Park Plaza Suite 202 New York, NY US | 2023 | |
| $250,000 | Federation of Appalachian Housing Enterprises | Enhancing home ownership in poor communities | 319 Oak Street Berea, KY US | 2023 | |
| $250,000 | Transform Finance | Expanding investor education programs to address the wealth gap among disadvantaged populations | 188 Grand Street Second Floor New York, NY US | 2023 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
LS Lauren Sercu | CIO | $164,369 | 2023 |
JLS James Lee Sorenson | Director | $0 | 2022 |
KS Krista Sorenson | Director | $0 | 2022 |
LS Luke Sorenson | Director | $0 | 2022 |
JLS James Lee Sorenson | Director | $0 | 2023 |
Lauren Sercu
CIO
James Lee Sorenson
Director
Krista Sorenson
Director
Luke Sorenson
Director
James Lee Sorenson
Director
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on December 15, 2024