Marriner S Eccles Foundation
- Assets
- $53.0m
- Revenue
- $21.6m
- Investments
- $37.8m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/1972
- Data as of
- 03/2021
- EIN
- 23-7185855
Organization Overview
Marriner S Eccles Foundation is located in Salt Lake City, UT. The organization was established in 1972. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Marriner S Eccles 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 03/2021, Marriner S Eccles Foundation generated $21.6m in total revenue. All expenses for the organization totaled $2.4m during the year ending 03/2021. While expenses have increased by 3.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marriner S Eccles Foundation has awarded 740 individual grants totaling $11,150,723. 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 |
|---|---|---|---|
Hannah Eldredge Executive Director | 40 | $90,574 | |
C Hope Eccles Trustee/committee Member | 10 | $50,200 | |
James Marriner Steele Committee Member | 1 | $14,000 | |
Spencer F Eccles Chair/trustee/committee Me | 1 | $14,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $222,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,964,547 |
| Capital Gain Net Income | $19,964,547 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,449,993 |
| Total Revenue | $21,637,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,920 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,104 |
| Depreciation | $0 |
| Occupancy | $16,316 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $427,733 |
| Total operating and administrative expenses | $822,477 |
| Contributions, gifts, grants paid | $1,620,283 |
| Total expenses and disbursements | $2,442,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,289,544 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,114,168 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,045,534 |
| 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 | $425 |
| Total liabilities | $425 |
Grants Awarded
Over the last fiscal year, Marriner S Eccles Foundation has awarded $1,393,000 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
Logan, UT PURPOSE: PROGRAM SUPPORT-CHASS FACULTY-STUDENT SUMMER MENTORSHIP PROGRAM | $125,000 |
Salt Lake City, UT PURPOSE: SPONSORSHIP-UTAH SYMPHONY | UTAH OPERA'S 2019-20 SEASON AND 2020 DEER VALLEY MUSIC FESTIVAL | $100,000 |
UNIVERSITY OF UTAH SCHOOL OF MEDICINE ALUMNI PURPOSE: SCHOLARSHIPS-SCHOOL OF MEDICINE STUDENT SCHOLARSHIPS | $75,000 |
BOYS & GIRLS CLUBS OF GREATER SALT LAKE PURPOSE: PROGRAM-SUPPORT AFTER SCHOOL AND SUMMER PROGRAMS | $70,000 |
WASATCH HOMELESS HEALTH CARE DBA FOURTH STREET CLINIC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Salt Lake City, UT PURPOSE: EQUIPMENT-PURCHASE OF A NEW ULTRACOLD FREEZER FOR ANIMAL HOSPITAL | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Kemper & Ethel Marley Foundation Phoenix, AZ | $235,853,723 | $45,107,707 |
Lannan Foundation Santa Fe, NM | $172,893,423 | $11,573,580 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Katherine W Dumke & Ezekiel R Dumke Jr Foundation Kaysville, UT | $0 | $4,334 |