The Richard W Sorenson Family Foundation Inc

Organization Overview

The Richard W Sorenson Family Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard W Sorenson Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Richard W Sorenson Family Foundation Inc generated $523.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $597.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Richard W Sorenson Family Foundation Inc has awarded 29 individual grants totaling $3,878,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $9,450
Interest on Savings $0
Dividends & Interest $711,793
Net Rental Income$0
Net Gain on Sale of Assets -$126,314
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$71,722
Total Revenue $523,207

Grants Awarded

Over the last fiscal year, The Richard W Sorenson Family Foundation Inc has awarded $577,500 in support to 4 organizations.

Grant RecipientAmount

ABANDONED PET RESCUE

PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES

$2,500

BABSON COLLEGE

PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES

$500,000

CLEVELAND CLINIC MARTIN HEALTH FOUNDATION

PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES

$50,000

GRAND TETON NATIONAL PARK FOUNDATION

PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES

$25,000
View Grant Profile

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