Jon And Karen Huntsman Foundation
- Assets
- $0.0
- Revenue
- $68.3m
- Investments
- $250.8m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 04/1989
- Data as of
- 12/2020
- EIN
- 74-2521914
Organization Overview
Jon And Karen Huntsman Foundation is located in Salt Lake City, UT. The organization was established in 1989. 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. Jon And Karen Huntsman Foundation 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 12/2020, Jon And Karen Huntsman Foundation generated $68.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $36.4m during the year ending 12/2020. While expenses have increased by 5.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jon And Karen Huntsman Foundation has awarded 399 individual grants totaling $188,500,817. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Huntsman President/coo/dir | 30 | $578,058 | |
Thomas E Muir Vp, Cfo, Treasurer | 1 | $364,712 | |
David Burdett Assistant | 40 | $71,899 | |
Pam Bailey Assistant | 40 | $65,192 | |
Peter R Huntsman Ceo/director | 1 | $0 | |
Karen H Huntsman Chair/director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs | 12/30/21 | $1,293,007 |
Prescott Consulting | 12/30/21 | $100,000 |
Goldman Sachs | 12/30/21 | $52,849 |
Jkh Management Llc | 12/30/21 | $1,497,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,642,371 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,437 |
| Total Revenue | $68,260,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $567,214 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,553 |
| Printing and publications | $2,134 |
| Total operating and administrative expenses | $10,572,495 |
| Contributions, gifts, grants paid | $25,806,366 |
| Total expenses and disbursements | $36,378,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,037,508 |
| Investments—mortgage loans | $0 |
| Investments—other | $67,577,208 |
| Other assets | $0 |
| Mortgages and other notes payable | $60,120,838 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jon And Karen Huntsman Foundation has awarded $24,139,577 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTSMAN MENTAL HEALTH INSTITUTE PURPOSE: GENERAL SUPPORT | $12,905,184 |
UTAH STATE UNIVERSITY - JMH BUS SCHOOL PURPOSE: GENERAL SUPPORT | $2,500,000 |
Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $1,650,000 |
JMH FAMILY COMMUNITY TRUST PURPOSE: GENERAL SUPPORT | $1,000,000 |
UNIVERSITY OF UTAH PRESIDENTIAL CHAIRS-HEALTH SCIENCES PURPOSE: GENERAL SUPPORT | $900,000 |
CATHOLIC COMMUNITY SERVICES PURPOSE: GENERAL SUPPORT | $676,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Skip Viragh Foundation Inc Reno, NV | $289,471,217 | $23,635,241 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |
Bob And Renee Parsons Foundation Scottsdale, AZ | $28,086,912 | $26,506,603 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |