Spencer F And Cleone P Eccles Family Foundation
- Assets
- $16.8m
- Revenue
- $2.1m
- Investments
- $16.1m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 01/1995
- Data as of
- 06/2022
- EIN
- 87-6227329
Organization Overview
Spencer F And Cleone P Eccles Family Foundation is located in Salt Lake City, UT. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Spencer F And Cleone P Eccles Family 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 06/2022, Spencer F And Cleone P Eccles Family Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $612.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spencer F And Cleone P Eccles Family Foundation has awarded 200 individual grants totaling $10,199,451. 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 Eccles Chair/trustee/committee Me | 1 | $0 | |
C Hope Eccles Trustee/committee Member | 1 | $0 | |
Lisa Eccles Trustee/committee Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo | 6/29/16 | $61,924 |
The Cynosure Group | 6/29/16 | $317,268 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $60,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,147,126 |
| Capital Gain Net Income | $1,147,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $854,951 |
| Total Revenue | $2,062,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,316 |
| Pension plans, employee benefits | $0 |
| Interest | $1,019 |
| Taxes | $10,482 |
| Depreciation | $0 |
| Occupancy | $9,828 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $320,114 |
| Total operating and administrative expenses | $528,316 |
| Contributions, gifts, grants paid | $84,300 |
| Total expenses and disbursements | $612,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,180 |
| Savings and temporary cash investments | $0 |
| 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 | $59,092 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,749,558 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,838,303 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Spencer F And Cleone P Eccles Family Foundation has awarded $84,300 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH PURPOSE: SCHOLARSHIPS | $15,000 |
Atlanta, GA PURPOSE: GENERAL OPERATING SUPPORT-HOPE LODGE | $11,000 |
Salt Lake City, UT PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BRIGHAM YOUNG UNIVERSITY MARRIOTT SCHOOL OF MANAGEMENT PURPOSE: SCHOLARSHIPS | $5,000 |
APPLIED TECHNOLOGY FOUNDATION DBA TECH CHARITIES PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
STANFORD UNIVERSITY BILL LANE CENTER FOR THE AMERICAN WEST PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Charles K Blandin Residuary Trust 30/15962 Las Vegas, NV | $0 | $17,582,870 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |