THE COMMUNITY FOUNDATION OF UTAH

EIN: 743211770 501(c)(3) Philanthropy & Grantmaking

SALT LAKE CITY, UT

Total Revenue
$31,129,564
Total Expenses
$29,810,813
Total Assets
$188,525,314
Net Assets
$145,978,826
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
UT
Principal Officer
ALEXANDRA EATON
Phone
8015593005
Tax Period
2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION OF UTAH, founded in 2007, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $31.1M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $29.8M left a modest 4% surplus.

Mission

WE ENABLE ALL UTAHNS TO CONTRIBUTE TO OUR COMMUNITY TODAY, ENSURING A BRIGHTER TOMORROW.

Program Service Accomplishments

Program 1
Expenses: $29,211,523 Revenue: $387,977

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...

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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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $26,168,500
Program Service Revenue $387,977
Investment Income $4,482,185
Other Revenue $90,902
TOTAL REVENUE $31,129,564

Expense Breakdown

Grants Paid $27,918,187
Salaries & Benefits $993,590
Fundraising Expenses $137,735
Program Expenses $29,211,523
Other Expenses $899,036
TOTAL EXPENSES $29,810,813

Year-over-Year Comparison

2023 2022 Change
Revenue $31,129,564 $40,373,770 -0.2%
Expenses $29,810,813 $31,438,142 -0.1%
Net Income $1,318,751 $8,935,628 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
13
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$393,882
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDRA EATON CEO 40.00
Officer
$247,600 $22,664 $270,264
YUKI NOVAK CFO 40.00
Officer
$119,440 $4,178 $123,618
IAN SHELLEDY COO 40.00
Highest
$102,368 $17,449 $119,817
CHRIS CONARD BOARD MEMBER 0.50
Director
$0 $0 $0
TRISH COUGHLIN BOARD CHAIR 1.40
Officer Director
$0 $0 $0
BRAD DICKSON BOARD VICE C 1.00
Officer Director
$0 $0 $0
RAMEZ HALTEH BOARD MEMBER 0.50
Director
$0 $0 $0
DOUG HANSEN TREASURER 0.50
Officer Director
$0 $0 $0
JOSH KANTER BOARD MEMBER 0.50
Director
$0 $0 $0
JERAMY LUND BOARD MEMBER 0.50
Director
$0 $0 $0
JENNIFER ROBINSON BOARD MEMBER 0.50
Director
$0 $0 $0
MARTY TATE BOARD MEMBER 0.50
Director
$0 $0 $0
JENSEN WARNOCK BOARD MEMBER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $31,129,564 $29,810,813 $188,525,314 $1,318,751
2022 $40,373,770 $31,438,142 $136,652,844 $8,935,628
2021 $67,939,966 $14,669,850 $142,492,621 $53,270,116
2020 $42,536,089 $20,117,949 $90,613,858 $22,418,140
2019 $13,412,093 $7,377,458 $65,669,769 $6,034,635
2018 $17,351,130 $11,459,548 $54,891,555 $5,891,582
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