Form 990 for tax year 2023

Totals

Total revenue

$31,129,564

Total expenses

$29,810,813

Contributions and grants received

$26,168,500

Grants paid

$27,918,187

Program service revenue

$387,977

Investment income

$4,482,185

Other revenue

$90,902

Total assets, end of year

$188,525,314

Total liabilities, end of year

$42,546,488

Net assets or fund balances, end of year

$145,978,826

Program services expenses (Part IX)

$29,211,523

Management and general expenses

$461,555

Fundraising expenses

$137,735

Program service expenses (Part III)

$29,211,523

Program services were 98.0% 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.

Mission and programs · 2023

• THE COMMUNITY FOUNDATION OF UTAH (CFU) IS UTAH'S PARTNER IN PHILANTHROPY, PIONEERING INNOVATION AND COLLABORATION TO INVEST IN OUR COMMUNITY TODAY FOR A BRIGHTER TOMORROW. CFU SEEKS THE BEST EMERGING IDEAS IN PHILANTHROPY AND PARTNERS WITH INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO HELP COMMUNITIES PROGRESS. THE FUTURE NEEDS OF THE COMMUNITY ARE UNCLEAR; HOWEVER, CFU HAS A UNIQUE OPPORTUNITY TO POSITIVELY INFLUENCE THE FUTURE OF GIVING BY ACTIVELY ENGAGING ALL STAKEHOLDERS IN STRATEGIC PHILANTHROPY. BY FOSTERING A COLLABORATIVE MINDSET AND EDUCATING FUNDERS AND NONPROFITS ON THE VALUE OF LONG-TERM INVESTMENTS AND COLLECTIVE FUNDING, WE SEEK TO DECREASE THE DISPARITY AND GAPS IN UTAHS SOCIAL SECTOR TO MEET COMMUNITY NEEDS. SINCE OUR ESTABLISHMENT IN 2008, CFU HAS FACILITATED OVER 550 MILLION IN GRANTS TO OVER 11,000 NONPROFIT ORGANIZATIONS IN AREAS AS DIVERSE AS OUR FUNDHOLDERS - FROM ARTS AND CULTURE TO ANIMAL WELFARE, AND FROM EDUCATION TO THE ENVIRONMENT - ALL TO SUPPORT UTAHS SOCIAL SECTOR. CFU IS ALSO A CRITICAL PARTNER IN COMMUNITY INITIATIVES TO STRENGTHEN OUR SOCIAL IMPACT SECTOR. THESE INCLUDE GRANTMAKING AND DONOR ENGAGEMENT INITIATIVES, COMMUNITY LEADERSHIP PROGRAMS, AND COMMUNITY IMPACT FUNDS. COMMUNITY PROGRAMS GRANTMAKING AND DONOR ENGAGEMENT - CFU PROVIDES DONOR FACILITATIONS CENTERED ON IDENTIFYING CORE MOTIVATIONAL VALUES AND ENGAGING DONORS IN MEANINGFUL GRANTMAKING. CUSTOMIZED SERVICES HELP CLARIFY GUIDING PRINCIPLES, DEVELOP GIVING OBJECTIVES, AND CREATE EVALUATION RUBRICS FOR GIVING. UTAH GRANTMAKERS ALLIANCE - CFU FACILITATES THE UTAH GRANTMAKERS ALLIANCE, WHICH PROVIDES OPPORTUNITIES FOR GRANTMAKERS, PRIVATE FOUNDATIONS, AND DONOR-ADVISED FUNDHOLDERS TO CONNECT WITH PEERS AND EXPLORE STRATEGIES FOR MORE EFFECTIVE, MEANINGFUL, AND ENGAGED PHILANTHROPY. GIVE FOR GOOD - THROUGH THE GIVE FOR GOOD INITIATIVE, CFU CULTIVATES OPPORTUNITIES FOR NEXT-GENERATION PHILANTHROPISTS TO DEEPEN THEIR KNOWLEDGE AND NETWORKS WITHIN PHILANTHROPY, FOSTER STRATEGIC FRAMEWORKS FOR GRANTMAKING, ALIGN SHARED VALUES AND GIVING STYLES, AND ENGAGE IN COLLECTIVE PHILANTHROPY. INVEST IN SUCCESS - EACH YEAR, CFU HOSTS INVEST IN SUCCESS, A WEEK-LONG LEADERSHIP DEVELOPMENT INITIATIVE FOR EXECUTIVE DIRECTORS AND EMERGING NONPROFIT LEADERS. SINCE 2012, THIS PROGRAM HAS PROVIDED CAPACITY-BUILDING SUPPORT FOR NONPROFIT ORGANIZATIONS ACROSS UTAH. QUALIFIED ORGANIZATIONS OFTEN SERVE LOW-INCOME POPULATIONS AND FACE SIGNIFICANT BARRIERS OF TIME OR DISCRETIONARY FUNDS TO ACCESS LEADERSHIP DEVELOPMENT OPPORTUNITIES. CFU PROVIDES AN INTENSE AND IMMERSIVE EXPERIENCE INCLUDING TRAINING ON ORGANIZATIONAL STRATEGY, PERSONNEL MANAGEMENT, ORGANIZATIONAL FINANCE AND SUSTAINABILITY, AND CHANGE MANAGEMENT. SOCIAL SECTOR SABBATICAL - CFU BELIEVES AN ORGANIZATIONS ABILITY TO ATTRACT, DEVELOP, AND RETAIN EXCEPTIONAL TALENT IS INSTRUMENTAL IN DRIVING IMPACT. TO STRENGTHEN AND INVEST IN SOCIAL SECTOR LEADERSHIP, CFU DEVELOPED A SABBATICAL PROGRAM FOR NONPROFIT LEADERS. THE SABBATICAL PROGRAM IS AN IMMERSIVE EXPERIENCE OFFERING LEADERS TIME AWAY FROM THEIR DAILY RESPONSIBILITIES TO RESET, CONSIDER BOLD SOLUTIONS TO PERSISTENT CHALLENGES, AND BUILD COLLABORATIVE PEER RELATIONSHIPS. 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 COORDINATES THE MORGAN STANLEY COMMUNITY DEVELOPMENT GRADUATE FELLOWSHIP. IN PARTNERSHIP WITH MORGAN STANLEY, CFU PAIRS SIX UTAH GRADUATE STUDENTS WITH LOCAL NONPROFIT ORGANIZATIONS FOR A 10-MONTH FELLOWSHIP TO DEVELOP SKILLS, BUILD NETWORKS, AND RECEIVE HANDS-ON EXPERIENCE IN COMMUNITY DEVELOPMENT WORK. PAY FOR SUCCESS - CFU SERVES AN INTEGRAL ROLE IN AN INNOVATIVE FUNDING MODEL THAT DRIVES GOVERNMENT RESOURCES TOWARD SOCIAL PROGRAMS THAT PROVIDE MEASURABLE RESULTS. MISSION-DRIVEN INVESTORS COVER THE UPFRONT PROGRAMMING COSTS, AND IF THE PREDETERMINED GOALS ARE ACHIEVED, THE GOVERNMENT REPAYS THE INVESTORS. COMMUNITY IMPACT FUNDS GREAT SALT LAKE WATERSHED ENHANCEMENT TRUST - THE GREAT SALT LAKE WATERSHED ENHANCEMENT TRUST WAS FORMED IN RESPONSE TO THE WATER LEVEL OF THE GREAT SALT LAKE HITTING A HISTORIC LOW IN 2022, THREATENING THE ECONOMIC, ENVIRONMENTAL, AND PUBLIC HEALTH OF UTAH. AS PART OF A MULTIFACETED EFFORT TO PROTECT THE LAKE, THE UTAH STATE LEGISLATURE UNANIMOUSLY PASSED HB 410, AUTHORIZING THE ESTABLISHMENT OF A 40 MILLION WATER TRUST TO ENHANCE WATER QUANTITY AND QUALITY IN THE GREAT SALT LAKE AND CREATE LASTING INFRASTRUCTURE TO PRESERVE AN ICONIC AND INVALUABLE PART OF OUR STATE. CFU SERVES AS THE FISCAL STEWARD FOR THE GREAT SALT LAKE WATERSHED ENHANCEMENT TRUST AND PARTNERS WITH THE NATIONAL AUDUBON SOCIETY AND THE NATURE CONSERVANCYTHE CO-MANAGERS OF THE TRUSTTO SUPPORT THIS INSTRUMENTAL, STRATEGIC EFFORT TO SUSTAIN THE GREAT SALT LAKE. SILICON SLOPES COMPUTER SCIENCE FUND - THE SILICON SLOPES COMPUTER SCIENCE FUND WAS CREATED TO HELP ENSURE THAT EVERY CHILD IN UTAH HAS THE OPPORTUNITY TO LEARN CRITICAL COMPUTER SCIENCE SKILLS NEEDED TO UNLOCK THEIR FULL POTENTIAL. IN RESPONSE TO THE NEEDS OF OUR COMMUNITY, CFU DEVELOPED THE SILICON SLOPES COMPUTER SCIENCE FUND TO PROVIDE FUNDING FOR QUANTIFIABLE AND LASTING K-12 COMPUTER SCIENCE OUTCOMES FOR EDUCATORS AND LEARNERS ACROSS THE STATE. THE SILICON SLOPES COMPUTER SCIENCE FUND ENABLES INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO CONTRIBUTE DONATIONS TO INVEST IN A COLLECTIVE STRATEGY THAT BENEFITS STUDENTS, TEACHERS, AND UTAH LONG-TERM. UTAH IMPACT PARTNERSHIP FUND - THE UTAH IMPACT PARTNERSHIP FUND WAS FORMED AS AN EXTENSION OF THE UTAH IMPACT PARTNERSHIP TO SYSTEMICALLY ADDRESS HOMELESSNESS STATEWIDE THROUGH INNOVATIVE, STRATEGIC, AND COLLECTIVE EFFORTS. THE UTAH IMPACT PARTNERSHIP FUND PLAYS A KEY ROLE IN UTAH'S UNITED RESPONSE TO HOMELESSNESS, WORKING IN CLOSE COORDINATION WITH THE UTAH HOMELESSNESS COUNCIL TO IDENTIFY IMPACTFUL AND TIMELY PROJECTS THAT WILL HELP ADDRESS HOMELESSNESS ACROSS THE STATE.

  Expenses $29,211,523 · Grants $27,918,187 · Revenue $387,977

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• UNIVERSITY OF UTAH

  $3,759,479

  GENERAL SUPPORT

• THE CHURCH OF JESUS CHRIST OF LATTE

  $2,411,361

  GENERAL SUPPORT

• UNIVERSITY IMPACT

  $1,943,575

  GENERAL SUPPORT

• TABITHA'S WAY LOCAL FOOD PANTRIES

  $1,335,000

  GENERAL SUPPORT

• UTAH STATE UNIVERSITY

  $1,221,418

  GENERAL SUPPORT

• BALLET WEST

  $1,038,250

  GENERAL SUPPORT

• INTERMOUNTAIN HEALTHCARE FOUNDATION

  $1,015,500

  GENERAL SUPPORT

• UTAH SYMPHONY AND OPERA

  $755,500

  GENERAL SUPPORT

• HUNTSMAN CANCER FOUNDATION

  $624,000

  GENERAL SUPPORT

• ROWLAND HALL

  $621,000

  GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

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.

• SLCO PFS 1 INC

  501C3 · SUPPORT · UT

  Directly controlled by CFU

• COMMUNITY TRUST OF UTAH

  501C3 · SUPPORT · UT

  Directly controlled by CFU

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.

Provenance

Return type

form_990

Tax year

2023

Filed

12 November 2024

IRS schema version

2023v5.0

Source object

202403189349304790

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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