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← GEORGE S AND DOLORES DORE ECCLES ENDOWMENT FOR MEDICAL SCHOOL EXCEL

Form 990 for tax year 2024

Filed by GEORGE S AND DOLORES DORE ECCLES ENDOWMENT FOR MEDICAL SCHOOL EXCEL.

Totals

Total revenue
$2,382,952
Total expenses
$1,407,051
Contributions and grants received
$538,539
Grants paid
$999,220
Program service revenue
$0
Investment income
$1,844,413
Other revenue
$0
Total assets, end of year
$45,948,008
Total liabilities, end of year
$27,462
Net assets or fund balances, end of year
$45,920,546
Program services expenses (Part IX)
$1,407,051
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,407,051

Program services were 100.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $538,539

  • 3 · Investment income

    total $1,798,510 · excluded $1,798,510

  • 7a · Gross sales of assets other than inventory

    securities $1,059,517

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

    securities $1,013,614

  • 7c · Gain or loss

    securities $45,903

  • 7d · Net gain or loss

    total $45,903 · excluded $45,903

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $999,220 · program services $999,220

  • 11b · Fees: legal

    total $25,510 · program services $25,510

  • 11c · Fees: accounting

    total $2,573 · program services $2,573

  • 11f · Fees: investment management

    total $347,642 · program services $347,642

  • 13 · Office expenses

    total $1,152 · program services $1,152

  • 23 · Insurance

    total $3,048 · program services $3,048

  • 24a · Other expenses: OTHER OPERATING EXPENSE

    total $27,896 · program services $27,896

  • 24b · Other expenses: BANK CHARGES

    total $10 · program services $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26 · end of year $136

  • 3 · Pledges and grants receivable

    beginning of year $7,716,743 · end of year $2,180,282

  • 11 · Investments: publicly traded securities

    beginning of year $20,281,136 · end of year $21,484,402

  • 12 · Investments: other securities

    beginning of year $14,477,897 · end of year $22,283,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $27,462

  • 27 · Net assets without donor restrictions

    beginning of year -$23,161 · end of year -$50,621

  • 28 · Net assets with donor restrictions

    beginning of year $42,498,963 · end of year $45,971,167

Mission and programs · 2024

Mission

THE ORGANIZATION WAS ESTABLISHED TO SUPPORT AND BENEFIT THE UNIVERSITY OF UTAH SCHOOL OF MEDICINE AND TO HELP ENABLE THE UNIVERSITY TO PROVIDE THE HIGHEST QUALITY MEDICAL EDUCATION, CUTTING EDGE RESEARCH, AND EXCELLENT HEALTHCARE FOR UTAHNS.

  • THE ORGANIZATION SUPPORTS AND BENEFITS THE UNIVERSITY OF UTAH SCHOOL OF MEDICINE AND HELPS ENABLE THE UNIVERSITY TO PROVIDE THE HIGHEST QUALITY MEDICAL EDUCATION, CUTTING EDGE RESEARCH, AND EXCELLENT HEALTHCARE FOR UTAHNS.

    Expenses $1,407,051 · Grants $999,220

As filed on the 2024 return.

Listed in Part VII

  • Taylor R Randall

    BOARD CHAIR

    Total calculated
    $1,400,410
    From this org
    $0
    From related orgs
    $1,019,309
    Other
    $381,101
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $861,949 related
    Bonus
    $0
    Other
    $0 + $157,360 related
    Deferred
    $0 + $351,594 related
    Nontaxable benefits
    $0 + $29,507 related
    Filer's total
    $0 + $1,400,410 related
  • Michael Good

    SECRETARY

    Total calculated
    $2,083,422
    From this org
    $0
    From related orgs
    $1,946,450
    Other
    $136,972
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $1,909,950 related
    Bonus
    $0
    Other
    $0 + $36,500 related
    Deferred
    $0 + $117,990 related
    Nontaxable benefits
    $0 + $18,982 related
    Filer's total
    $0 + $2,083,422 related
  • Samuel Finlayson

    BOARD MEMBER

    Total calculated
    $1,249,256
    From this org
    $0
    From related orgs
    $1,124,335
    Other
    $124,921
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $1,093,810 related
    Bonus
    $0
    Other
    $0 + $30,525 related
    Deferred
    $0 + $94,990 related
    Nontaxable benefits
    $0 + $29,931 related
    Filer's total
    $0 + $1,249,256 related
  • Wendy Hobson-Rohrer

    BOARD MEMBER

    Total calculated
    $551,416
    From this org
    $0
    From related orgs
    $449,670
    Other
    $101,746
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $449,670 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $69,690 related
    Nontaxable benefits
    $0 + $32,056 related
    Filer's total
    $0 + $551,416 related
  • Sara Lamb

    BOARD MEMBER

    Total calculated
    $551,985
    From this org
    $0
    From related orgs
    $473,904
    Other
    $78,081
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $473,289 related
    Bonus
    $0
    Other
    $0 + $615 related
    Deferred
    $0 + $48,990 related
    Nontaxable benefits
    $0 + $29,091 related
    Filer's total
    $0 + $551,985 related
  • Spence Eccles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lisa Eccles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cynthia Best

    TREASURER

    Total calculated
    $385,757
    From this org
    $0
    From related orgs
    $317,590
    Other
    $68,167
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $287,090 related
    Bonus
    $0
    Other
    $0 + $30,500 related
    Deferred
    $0 + $45,989 related
    Nontaxable benefits
    $0 + $22,178 related
    Filer's total
    $0 + $385,757 related
  • Bruce Olson

    ASST SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

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

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202503219349315710

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