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Nonprofiteer
← UNIVERSITY IMPACT CHARITABLE TR

Form 990 for tax year 2024

Filed by UNIVERSITY IMPACT CHARITABLE TR.

Totals

Total revenue
$26,227,876
Total expenses
$9,529,496
Contributions and grants received
$17,726,238
Grants paid
$8,203,676
Program service revenue
$0
Investment income
$8,501,638
Other revenue
$0
Total assets, end of year
$8,459,935
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,459,935
Program services expenses (Part IX)
$8,203,676
Management and general expenses
$1,325,820
Fundraising expenses
$0
Program service expenses (Part III)
$8,203,676

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $17,726,238

  • 1g · Noncash contributions included above

    $17,726,238

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,483,963 · unrelated business $5,483,963

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $8,562,945

  • 7b · Less cost or other basis and sales expenses

    other assets $5,545,270

  • 7c · Gain or loss

    securities $0 · other assets $3,017,675

  • 7d · Net gain or loss

    total $3,017,675 · unrelated business $3,017,675

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,203,676 · program services $8,203,676

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: FEDERAL, STATE, AND OTHER INCOME TAXES

    total $1,325,820 · management and general $1,325,820

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,254 · end of year $445,135

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $8,014,800

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $128,254 · end of year $8,459,935

Mission and programs · 2024

Mission

The Charitable Trust's charitable purposes include accepting donations of business interests, liquidating those interests, and granting those funds to its supported organization, University Impact.

  • Accepting donations of business interests

    Expenses $8,203,676 · Grants $8,203,676

As filed on the 2024 return.

Listed in Part VII

  • Daniel Blake

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Hyrum Grenny

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Jacob Lundskog

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Joellen Nicholson

    TRUSTEE (THROUGH JANUARY 2024)

    Total calculated
    $0
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • University Impact

    501(c)(3) · Training Students, Donor Advised Funds, Fiscal Sponsorship · UT

    Directly controlled by NA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • UI VENTURES LLC

    N/A · INVESTMENT MANAGEMENT · UT

    Directly controlled by NA

  • WGAM LLC

    N/A · WHOLESALE MIRROR & GLASS · VA

    Directly controlled by NA

  • MRS CP LLC

    N/A · COLLECTIONS · TX

    Directly controlled by NA

  • LITCHFIELD MOONDANCE LLC

    N/A · DANCE · SC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202523179349307162

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