Jon And Karen Huntsman Foundation
- Assets
- $436.6m
- Revenue
- -$17.5m
- Investments
- $376.2m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 04/1989
- Data as of
- 12/2022
- EIN
- 74-2521914
Organization Overview
Jon And Karen Huntsman Foundation is located in Salt Lake City, UT. The organization was established in 1989. 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. Jon And Karen Huntsman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Jon And Karen Huntsman Foundation has awarded 470 individual grants totaling $224,586,508. 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 |
|---|---|---|---|
Peter R Huntsman Ceo/director | 1 | $0 | |
Karen H Huntsman Chair/director | 1 | $0 | |
James H Huntsman Director | 1 | $0 | |
Mary Anne Huntsman Director | 1 | $0 | |
Christopher H Huffman Director | 1 | $0 | |
Christena Durham Evp/director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jkh Management Llc | 12/30/22 | $1,588,245 |
Ubs | 12/30/22 | $1,243,292 |
Prescott Consulting | 12/30/22 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,680,981 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,988,699 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $823,087 |
| Total Revenue | -$17,484,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $893,247 |
| Other employee salaries and wages | $154,748 |
| Pension plans, employee benefits | $0 |
| Interest | $657,323 |
| Taxes | $2,523,926 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,179 |
| Printing and publications | $0 |
| Other expenses | $582,298 |
| Total operating and administrative expenses | $6,758,377 |
| Contributions, gifts, grants paid | $36,185,691 |
| Total expenses and disbursements | $42,944,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,448,941 |
| Savings and temporary cash investments | $56,849,861 |
| 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 | $88,546 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,679,996 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $436,606,530 |
| 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 | $24,742,199 |
| Other liabilities | $0 |
| Total liabilities | $24,742,199 |
Grants Awarded
Over the last fiscal year, Jon And Karen Huntsman Foundation has awarded $36,085,691 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY FOR MATH ENGINEERING & SCIENCE PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN ACADEMY OF DIPLOMACY PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN INDIAN SERVICES PURPOSE: GENERAL SUPPORT | $10,000 |
CARNEGIE HALL PURPOSE: GENERAL SUPPORT | $50,000 |
CATHOLIC COMMUNITY SERVICES PURPOSE: GENERAL SUPPORT | $10,000 |
CHABAD LUBAVITCH OF UTAH PURPOSE: GENERAL SUPPORT | $75,000 |