The Community Foundation Of Utah is located in Salt Lake City, UT. The organization was established in 2009. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Community Foundation Of Utah employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Utah 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 12/2022, Community Foundation Of Utah generated $40.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $31.4m during the year ending 12/2022. While expenses have increased by 13.6% per year over the past 8 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, Community Foundation Of Utah has awarded 1,400 individual grants totaling $107,032,479. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ENABLE ALL UTAHNS TO CONTRIBUTE TO OUR COMMUNITY TODAY, ENSURING A BRIGHTER TOMORROW.
Describe the Organization's Program Activity:
THE COMMUNITY FOUNDATION OF UTAH (CFU) IS UTAH'S PARTNER IN PHILANTHROPY. CFU IS THE HUB WHERE DONORS AND MISSION-DRIVEN ORGANIZATIONS BUILD A THRIVING COMMUNITY, TOGETHER. WHATEVER YOUR GIFT, WE HELP YOU MAXIMIZE THE IMPACT. WHATEVER YOUR MISSION, WE CONNECT YOU TO THE TOOLS, RESOURCES AND NETWORKS TO ACHIEVE IT. SINCE ESTABLISHMENT IN 2008, CFU HAS FACILITATED OVER 200 MILLION IN GRANTS TO NONPROFIT ORGANIZATIONS. IN 2022, CFU GRANTED OVER 57 MILLION TO OVER 500 ORGANIZATIONS IN AREAS AS DIVERSE AS OUR FUNDHOLDERS - FROM ARTS AND CULTURE TO ANIMAL WELFARE, TO EDUCATION AND ENVIRONMENT. CFU IS ALSO A CRITICAL PARTNER IN NUMEROUS INITIATIVES TO STRENGTHEN OUR SOCIAL IMPACT SECTOR. THESE EFFORTS INCLUDE GRANTMAKING AND EDUCATION INITIATIVES, COMMUNITY LEADERSHIP AND COMMUNITY IMPACT FUNDS. INITIATIVES INVEST IN SUCCESS (IIS) - IIS IS AN ANNUAL WEEK-LONG LEADERSHIP DEVELOPMENT INITIATIVE FOR EMERGING NONPROFIT LEADERS. SINCE 2012, IIS HAS PROVIDED CAPACITY-BUILDING SUPPORT FOR OVER 60 NONPROFIT ORGANIZATIONS ACROSS UTAH. QUALIFIED ORGANIZATIONS SERVE LOW-INCOME POPULATIONS AND FACE SIGNIFICANT BARRIERS OF TIME OR DISCRETIONARY FUNDS TO ACCESS LEADERSHIP DEVELOPMENT OPPORTUNITIES. IIS PROVIDES AN INTENSE AND IMMERSIVE EXPERIENCE INCLUDING TRAINING ON ORGANIZATIONAL STRATEGY, PERSONNEL MANAGEMENT, ORGANIZATIONAL FINANCE AND SUSTAINABILITY, AND CHANGE MANAGEMENT. PAY FOR SUCCESS (PFS) - PFS IS AN INNOVATIVE FUNDING MODEL THAT DRIVES GOVERNMENT RESOURCES TOWARD SOCIAL PROGRAMS THAT PROVIDE MEASURABLE RESULTS. MISSION-DRIVEN INVESTORS COVER THE UPFRONT COSTS OF PROGRAMMING, AND IF THE PREDETERMINED GOALS ARE ACHIEVED, THE GOVERNMENT REPAYS THE INVESTORS. FULL SPEC SERIES (FSS) - FSS IS AN INNOVATIVE EDUCATIONAL SERIES FOCUSING ON THE INTERSECTION OF IMPACT INVESTING AND PHILANTHROPY. THE INITIATIVE CURATES OPPORTUNITIES FOR DONORS TO LEARN ABOUT WAYS TO TAKE A "FULL SPECTRUM" APPROACH TO PHILANTHROPY AND ALIGN THEIR FULL BALANCE SHEET WITH IMPACT. YOUTH ATHLETIC GRANT (YAG) -A PARTNERSHIP WITH SALT LAKE CITY TO SUPPORT NONPROFIT YOUTH ATHLETIC ORGANIZATIONS IN PROVIDING ACCESSIBLE COMPETITIVE ATHLETIC OPPORTUNITIES TO LOW-INCOME YOUTH ATHLETES RESIDING IN SALT LAKE CITY. UTAH GRANTMAKERS ALLIANCE (UGA) - UGA PROVIDES OPPORTUNITIES FOR PRIVATE FOUNDATIONS AND DONOR ADVISED FUNDHOLDERS TO CONNECT WITH PEERS TO EXPLORE STRATEGIES FOR MORE EFFECTIVE, MEANINGFUL AND ENGAGED PHILANTHROPY. UTAH ETHICAL LEADERSHIP AWARDS (ELA) - ELA RECOGNIZES LEADERSHIP IN UTAH BUSINESSES, NONPROFIT ORGANIZATIONS, AND GOVERNMENT ENTITIES THAT EMBODY BEST PRACTICES IN ETHICAL BEHAVIORS. THE INITIATIVE IS A COLLABORATION WITH THE DANIELS FUND AND THE DANIELS FUND ETHICS INITIATIVE AT THE DAVID ECCLES SCHOOL OF BUSINESS. MORGAN STANLEY COMMUNITY DEVELOPMENT GRADUATE FELLOWSHIP - AS PART OF CFU'S BROADER STRATEGY TO ATTRACT, DEVELOP, AND RETAIN TOP TALENT IN UTAH'S NONPROFIT SECTOR, CFU SELECTED FIVE OUTSTANDING GRADUATE STUDENTS TO SERVE AS THE 2022 MORGAN STANLEY COMMUNITY DEVELOPMENT GRADUATE FELLOWS. IN PARTNERSHIP WITH MORGAN STANLEY AND THE UNIVERSITY OF UTAH, THESE FELLOWS WERE PAIRED WITH ORGANIZATIONS TO DEVELOP THEIR SKILLS, BUILD THEIR NETWORKS, AND RECEIVE HANDS-ON EXPERIENCE IN COMMUNITY DEVELOPMENT WORK. GIVE FOR GOOD - CFU CONTINUES TO CULTIVATE OPPORTUNITIES FOR DONORS TO DEEPEN THEIR KNOWLEDGE AND NETWORKS WITHIN PHILANTHROPY. IN PARTNERSHIP WITH THE WALTON FAMILY FOUNDATION, CFU LAUNCHED ITS INAUGURAL GIVE FOR GOOD COHORT, A PEER NETWORK OF 16 NEXT GENERATION UTAH PHILANTHROPISTS, ANCHORED IN A DESIRE TO EXPLORE PHILANTHROPIC PRACTICE TOGETHER. A FIRST FOR OUR LOCAL PHILANTHROPIC ECOSYSTEM, COHORT PARTICIPANTS WORKED TOGETHER TO LEARN ABOUT ISSUES FACING UTAH AND CREATE A STRATEGIC FRAMEWORK TO DEPLOY A 10,000 GRANT ALIGNED WITH THE PARTICIPANTS' SHARED VALUES AND GIVING STYLES. GIVE FOR GOOD IS AN EXCITING INDICATOR OF THE CONTINUED SHIFT TOWARD MORE ENGAGED, COLLECTIVE, AND STRATEGIC PHILANTHROPY IN UTAH. COMMUNITY IMPACT FUNDS UTAH AFGHAN COMMUNITY FUND - THE UTAH AFGHAN COMMUNITY FUND, THROUGH SUPPORTING THE RESETTLEMENT OF OVER 900 AFGHAN HUMANITARIAN PAROLEES, IS THE LATEST DEMONSTRATION OF UTAH'S LONG STANDING COMMITMENT TO WELCOMING REFUGEES. THE FUND DEPLOYED OVER 1.2 MILLION TO ADDRESS RESOURCE GAPS IN BASIC NEEDS, IN ADDITION TO BRIDGING CULTURAL BARRIERS FOR REFUGEES' LONG TERM RESETTLEMENT. SPECIFICALLY, THE FUND SERVED AS A COMPLEMENT TO EXISTING PUBLIC AND PRIVATE FUNDING STREAMS, PROVIDING A RANGE OF SUPPORT FROM LEGAL ASSISTANCE TO HOME FURNISHINGS. THE FUND CREATED A VITAL CENTRAL INFRASTRUCTURE FOR RESETTLEMENT ORGANIZATIONS TO COORDINATE THEIR EFFORTS AND MAXIMIZE IMPACT. UTAH FOR UKRAINE FUND - THE UTAH FOR UKRAINE FUND WAS A FIRST-OF-ITS-KIND MODEL, ALLOWING AN ENTIRE COMMUNITY TO COME TOGETHER TO SUPPORT WOMEN AND CHILDREN FLEEING THE WAR IN UKRAINE. ALONGSIDE THE DRIVEN TO ASSIST COMMUNITY DONATION DRIVE, THE FUND RAISED 4 MILLION IN JUST SIX WEEKS, CATALYZED BY A ONE-TO-ONE MATCH BY THE LARRY H. AND GAIL MILLER FAMILY FOUNDATION. THE FUND SUPPORTED CRITICAL RELIEF SERVICES FOR UKRAINIAN REFUGEES ARRIVING IN NEIGHBORING COUNTRIES INCLUDING EDUCATION AND CHILDCARE, DIRECT CASH ASSISTANCE, AND UNICEF BLUE DOT CENTERS. WITH OVER 3,600 DONATIONS-OF WHICH 90% WERE 100 OR LESS-THE UTAH FOR UKRAINE FUND WAS A TESTAMENT TO UTAH'S SPIRIT OF GENEROSITY SHOWING WHAT A COMMUNITY CAN ACCOMPLISH TOGETHER. UTAH IMPACT PARTNERSHIP FUND - THE UTAH IMPACT PARTNERSHIP FUND WAS FORMED AS AN EXTENSION OF THE UTAH IMPACT PARTNERSHIP TO CHAMPION INNOVATIVE, STRATEGIC, AND COLLECTIVE EFFORTS TO SYSTEMATICALLY ADDRESS HOMELESSNESS STATEWIDE. TO DATE, THE UTAH IMPACT PARTNERSHIP FUND DEPLOYED NEARLY 3.8 MILLION IN GRANTS TO SECURE DEEPLY AFFORDABLE HOUSING, YOUTH TRANSITIONAL HOUSING, AND SUPPORT THE DEVELOPMENT OF A NEW DETOX FACILITY IN SALT LAKE COUNTY. THE UTAH IMPACT PARTNERSHIP FUND IS A KEY TOOL IN UTAH'S UNITED RESPONSE TO HOMELESSNESS. THE FUND WORKS IN CLOSE COORDINATION WITH THE UTAH HOMELESSNESS COUNCIL TO IDENTIFY IMPACTFUL AND TIMELY PROJECTS THAT WILL MOVE THE NEEDLE ON HOMELESSNESS ACROSS THE STATE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alexandra Eaton CEO | Officer | 40 | $189,000 |
Ian Shelledy COO | 40 | $107,455 | |
Yuki Novak CFO | Officer | 40 | $108,224 |
Mikelle Barberi-Weil Board Member | Trustee | 0.5 | $0 |
Chris Conard Board Member | Trustee | 0.5 | $0 |
Trish Coughlin Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $39,681,476 |
Noncash contributions included in lines 1a–1f | $20,142,261 |
Total Revenue from Contributions, Gifts, Grants & Similar | $39,681,476 |
Total Program Service Revenue | $357,050 |
Investment income | $2,700,473 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$2,372,987 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $40,373,770 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $29,475,375 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $315,777 |
Compensation of current officers, directors, key employees. | $148,265 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $503,428 |
Pension plan accruals and contributions | $13,656 |
Other employee benefits | $33,134 |
Payroll taxes | $61,568 |
Fees for services: Management | $0 |
Fees for services: Legal | $57,669 |
Fees for services: Accounting | $52,512 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $276,044 |
Fees for services: Other | $265,384 |
Advertising and promotion | $8,570 |
Office expenses | $43,693 |
Information technology | $18,233 |
Royalties | $0 |
Occupancy | $51,747 |
Travel | $4,179 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $195,393 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $7,757 |
All other expenses | $12,488 |
Total functional expenses | $31,438,142 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,750,194 |
Savings and temporary cash investments | $33,775,345 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,488,370 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $12,789,414 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,100,000 |
Investments—publicly traded securities | $69,389,191 |
Investments—other securities | $11,636,909 |
Investments—program-related | $0 |
Intangible assets | $70,000 |
Other assets | $653,421 |
Total assets | $136,652,844 |
Accounts payable and accrued expenses | $491,204 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $1,128,362 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,619,566 |
Net assets without donor restrictions | $134,973,278 |
Net assets with donor restrictions | $60,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $136,652,844 |
Over the last fiscal year, The Community Foundation Of Utah has awarded $27,461,610 in support to 230 organizations.
Grant Recipient | Amount |
---|---|
THE CHURCH OF JESUS CHRIST OF LATTE PURPOSE: GENERAL SUPPORT | $5,533,789 |
UNIVERSITY OF UTAH PURPOSE: GENERAL SUPPORT | $2,884,880 |
SWITCHPOINT COMMUNITY RESOURCE CENT PURPOSE: GENERAL SUPPORT | $2,100,000 |
CATHOLIC RELIEF SERVICES PURPOSE: GENERAL SUPPORT | $1,500,000 |
VOLUNTEERS OF AMERICA OF UTAH INC PURPOSE: GENERAL SUPPORT | $1,553,000 |
UNICEF USA PURPOSE: GENERAL SUPPORT | $1,400,000 |