George S Eccles And Delores Dore Eccles Foundation
- Assets
- $892.5m
- Revenue
- $76.1m
- Investments
- $866.9m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 09/1960
- Data as of
- 12/2023
- EIN
- 87-6118245
Organization Overview
George S Eccles And Delores Dore Eccles Foundation is located in Salt Lake City, UT. The organization was established in 1960. 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. George S Eccles And Delores Dore Eccles 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 12/2023, George S Eccles And Delores Dore Eccles Foundation generated $76.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $50.2m during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 5 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 2020, George S Eccles And Delores Dore Eccles Foundation has awarded 450 individual grants totaling $178,835,378. 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 |
|---|---|---|---|
Spencer F Eccles Ceo/chairman Of The Board | 20 | $340,000 | |
Robert M Graham Secretary/treasurer/general Counsel | 30 | $330,000 | |
Lisa E Eccles President/coo | 40 | $330,000 | |
Katherine A Eccles Advisory Board | 3 | $62,500 | |
Clista H Eccles Advisory Board | 3 | $50,000 | |
Spencer P Eccles Advisory Board | 3 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity Brokerage Services Llc | 12/30/23 | $5,121,874 |
City Creek Reserve Inc | 12/30/23 | $250,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,083,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,611,828 |
| Capital Gain Net Income | $31,566,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,391,026 |
| Total Revenue | $76,086,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,162,500 |
| Other employee salaries and wages | $491,219 |
| Pension plans, employee benefits | $1,090,840 |
| Interest | $651,229 |
| Taxes | $2,536,437 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,676 |
| Printing and publications | $3,553 |
| Other expenses | $11,608,314 |
| Total operating and administrative expenses | $22,793,265 |
| Contributions, gifts, grants paid | $27,412,943 |
| Total expenses and disbursements | $50,206,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,443,760 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $733,707,882 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $142,165 |
| Total assets | $892,503,036 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,577 |
| Total liabilities | $5,577 |
Grants Awarded
Over the last fiscal year, George S Eccles And Delores Dore Eccles Foundation has awarded $27,412,943 in support to 424 organizations.
| Grant Recipient | Amount |
|---|---|
1520 ARTSTHE BBOY FEDERATION PURPOSE: TO HELP WITH THE HIP HOP EDUCATION & RESOURCE CENTER (HERC) AND PROGRAMS | $6,000 |
ABILITY FOUND PURPOSE: TO PURCHASE MEDICAL AND REHABILITATION EQUIPMENT AS WELL AS ASSISTIVE TECHNOLOGY FOR INDIVIDUALS WITH PHYSICAL AND COGNITIVE DISABILITIES | $15,000 |
ABILITY 1ST UTAH PURPOSE: TO ASSIST WITH THE COSTS OF THE INSTALLATION OF AN ADA-ACCESSIBLE ELEVATOR AND BUILDING REMODEL | $10,000 |
ALLIANCE COMMUNITY SERVICES PURPOSE: TO ASSIST LOW-INCOME INDIVIDUALS IN OBTAINING THEIR UNITED STATES CITIZENSHIP | $10,000 |
ALLIANCE HOUSE INC PURPOSE: SUPPORTING THE UNFUNDED MEMBER PROGRAM | $35,000 |
ALTA ARTS COUNCIL PURPOSE: FOR GENERAL OPERATING SUPPORT OF YEAR-ROUND ARTS AND CULTURAL AND EVENTS | $3,000 |