JAMES LEE SORENSON FAMILY FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- JAMES LEE SORENSON FAMILY FOUNDATION (EIN 45-6794415)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-15
- IRS object ID
- 201603209349102015
- Schema version
- 2015v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Contractor Compensation Expln
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-15T10:25:27-08:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 456794415 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | James Lee Sorenson Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JAME | BusinessNameControlTxt |
| Phone | 8014901000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paul Ludlow | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2016-11-15 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $46,798,791 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,307 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,307 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,066,723 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,077,579 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,544,829 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,655,371 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,552,991 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $126,728 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$26,621 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,739,587 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,605,256 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $8,454 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $8,454 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $34,261 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $264,470 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $204,070 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $60,400 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $21,785 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $9,369 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $169 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $329,139 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $213,439 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $68,854 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,353,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,353,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,682,639 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $213,439 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,422,354 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,056,948 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,391,817 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,109 | CashBOYAmt |
| Cash EOY | $326 | CashEOYAmt |
| Cash EOYFMV | $326 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,003,163 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,081,380 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,081,380 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $915,196 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $895,079 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $895,079 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $17,925,448 | CorporateStockBOYAmt |
| Corporate Stock EOY | $24,645,792 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $24,645,792 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,389,412 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,217,979 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,217,979 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $22,068,342 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $13,694,313 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $13,694,313 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $2,090,937 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,263,922 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,263,922 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $48,393,607 | TotalAssetsBOYAmt |
| Total Assets EOY | $46,798,791 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $46,798,791 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $48,393,607 | RetainedEarningBOYAmt |
| Retained Earning EOY | $46,798,791 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $48,393,607 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $46,798,791 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $48,393,607 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $46,798,791 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $48,393,607 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,056,948 | ExcessRevenueOverExpensesAmt |
| Subtotal | $49,450,555 | SubtotalAmt |
| Other Decreases | $2,651,764 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $46,798,791 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Mediconnect Global Inc escrow | P | 2012-03-30 | 2015-01-02 | $569,478 | $580,655 | -$11,177 | -$11,177 |
| Publicly traded securities | P | 2014-01-01 | 2015-12-31 | $12,085,893 | $10,521,725 | $1,564,168 | $1,564,168 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,552,991 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,335,370 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $46,802,340 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04990 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,366,455 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $43,128,151 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.03168 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $12,804 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,359,626 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.00942 | DistributionYr3Rt |
| Total Distribution | 0.091000 | TotalDistributionRt |
| Average Distribution | 0.030333 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $45,924,663 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,393,033 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $23,918 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,416,951 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,414,824 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $23,918 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $23,918 | SubtotalAmt |
| Tax Based On Investment Income | $23,918 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $66,659 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $66,659 | TotalPaymentsAndCreditsAmt |
| Overpayment | $42,741 | OverpaymentAmt |
| Applied To ES Tax | $42,741 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | UT | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paul Ludlow | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8014901013 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James Lee Sorenson | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 5.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Merrill Lynch Wealth Management | |||||
| 101 California Street Ste 2100 | San Francisco | CA | 94111 | Investment advice | $204,070 |
| University of Utah | |||||
| 1655 E Campus Center Dr Suite 7 | Salt Lake City | UT | 84112 | Investment advice | $60,400 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Graduation Alliance: Increasing high school graduation rates; expanding job opportunities and bettering lifetime earnings potential for at-risk populations | Description1Txt |
| Expenses1 | $250,000 | Expenses1Amt |
| Description2 | Social Finance NY State Workforce Re-entry 2013 LLC: Reducing recidivism and increasing employment opportunities | Description2Txt |
| Expenses2 | $246,908 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $495,561 | AllOtherProgramRltdInvstTotAmt |
| Total | $992,469 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $44,428,061 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,955,559 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $240,403 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $46,624,023 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $46,624,023 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $699,360 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $45,924,663 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,296,233 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,296,233 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $23,918 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $23,918 | TotalTaxAmt |
| Distributable Before Adj | $2,272,315 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $238,830 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,511,145 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,511,145 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,422,354 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $992,470 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,414,824 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $23,918 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,390,906 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,511,145 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,071,364 | UndistributedIncomePYAmt |
| Qualifying Distributions | $2,414,824 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,071,364 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $343,460 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $2,167,685 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | James Lee Sorenson | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| The Church of Jesus Christ of LDS | ||||||
| 50 E North Temple | Salt Lake City | UT | 84150 | PC | General support | $950,000 |
| Junior Achievement of Utah | ||||||
| 515 South 700 East 1F | Salt Lake City | UT | 84102 | PC | Silent auction sponsorship | $3,500 |
| Ballet West | ||||||
| 52 West 200 South | Salt Lake City | UT | 84101 | PC | Ballet West Acadamy studio general support; funding for annual scholarship; outreach sponsorship | $300,000 |
| Choice Humanitarian | ||||||
| 7879 South 1530 West Suite 200 | Salt Lake City | UT | 84088 | PC | Nepal earthquake relief efforts and supplies | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,353,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,307 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,066,723 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,544,829 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income from passthroughs | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $126,728 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,739,587 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,739,587 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & tax fees | CategoryTxt |
| Amt | $34,261 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp (10 entries)
| DescDesc | AmtAmt |
|---|---|
| VilCap Investments: Investing in positive social and/or environmental impact companies for such purposes as clean energy, increasing access to education and healthcare, and improving livelihoods of underprivileged populations. | $36,131 |
| Elevar Equity: Developing essential products and services for disconnected communities in Latin America, Asia and other jurisdictions. | $45,000 |
| Quidnet Energy: Addressing environmental issues with traditional energy generation methods and providing solutions to electricity grid limitations. | $125,000 |
| Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities. | $136,895 |
| VilCap Investments: Investing in positive social and/or environmental impact companies for such purposes as clean energy, increasing access to education and healthcare, and improving livelihoods of underprivileged populations. | $2,668 |
| Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities. | $30,000 |
| WorldHaus Construction Private Limited: Providing affordable housing in undeveloped countries | $50,000 |
| Owl Ventures: Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities. | $15,000 |
| Elevar Equity: Developing essential products and services for disconnected communities in Latin America, Asia and other jurisdictions. | $21,500 |
| VilCap Investments: Investing in positive social and/or environmental impact companies for such purposes as clean energy, increasing access to education and healthcare, and improving livelihoods of underprivileged populations. | $33,367 |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (2 entries)
| ExplanationExplanationTxt |
|---|
| Merrill Lynch Wealth Management |
| The foundation paid fees to Merrill Lynch for investment advisory services. The fees were determined at arms length and represent fair market value for the services rendered. |
| University of Utah |
| The University provides consulting services with respect to making program-related investments. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (13 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Comcast Corp | $162,387 | $162,387 |
| Wachovia Corp | $165,607 | $165,607 |
| General Electric | $164,996 | $164,996 |
| AT&T Inc | $272,969 | $272,969 |
| Boeing Co | $284,897 | $284,897 |
| JPMorgan Chase & Co | $283,300 | $283,300 |
| Newmont Mining Corp | $315,895 | $315,895 |
| Goldman Sachs Group | $283,194 | $283,194 |
| Kinder Morgan Energy Partners | $251,404 | $251,404 |
| Waste Management Inc | $273,446 | $273,446 |
| Hewlett-Packard Co | $299,718 | $299,718 |
| Watson Pharmaceuticals | $247,819 | $247,819 |
| Williams Companies GLB Jan 2023 | $212,347 | $212,347 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Publicly traded stocks (see stmt) | StockNm |
| EOY Book Value | $24,645,792 | EOYBookValueAmt |
| EOYFMV | $24,645,792 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| State Local Sec Book Vl EOY | $895,079 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $895,079 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (22 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Eaton Vance Capital SMID Cap Fund | FMV | $1,150,126 | $1,150,126 |
| IVA Worldwide Fund | FMV | $1,084,377 | $1,084,377 |
| First Eagle Global | FMV | $1,118,681 | $1,118,681 |
| Matthews Asian Growth and Income Fund | FMV | $526,191 | $526,191 |
| Matthews Pacific Tiger | FMV | $584,939 | $584,939 |
| Oppenheimer Developing Markets | FMV | $742,403 | $742,403 |
| Templeton Global Bond Fund | FMV | $976,355 | $976,355 |
| Sirios Access LTD | FMV | $229,412 | $229,412 |
| Doubleline Total Return | FMV | $262,162 | $262,162 |
| Metropolitan West Total Return | FMV | $255,128 | $255,128 |
| JOHCM Int'l Select Fund | FMV | $299,912 | $299,912 |
| PIMCO Commodity Real Return | FMV | $378,469 | $378,469 |
| Ascend Access LTD | FMV | $737,884 | $737,884 |
| Brevan Howard Multi-Strategy | FMV | $822,565 | $822,565 |
| Carlson Double Black Diamond | FMV | $1,102,852 | $1,102,852 |
| OZOFII Access LTD | FMV | $1,397,029 | $1,397,029 |
| ML Winton Futures Access | FMV | $493,961 | $493,961 |
| SLP IV Technology Fund | FMV | $187,022 | $187,022 |
| CSP III Distressed Opp Fund | FMV | $285,149 | $285,149 |
| Czech II Senior Loan Trust | FMV | $518,177 | $518,177 |
| Blackstone Strategic Partners LP | FMV | $248,024 | $248,024 |
| LS Real Estate Recovery IV Trust | FMV | $56,274 | $56,274 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | CategoryTxt |
| Legal Fees | $8,454 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,454 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Bank charges | $91 |
| Postage | $78 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income from passthroughs | Desc |
| Revenue And Expenses Per Books | $126,728 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$26,621 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment advisory fees | CategoryTxt |
| Amt | $264,470 | Amt |
| Net Investment Income | $204,070 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $60,400 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Federal taxes | $21,000 | |
| Foreign taxes | $785 | $9,369 |