Community Trust Of Utah
- Assets
- $38.9m
- Revenue
- $207.2m
- Investments
- $8.0m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-3365355
Organization Overview
Community Trust Of Utah is located in Salt Lake City, UT. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Community Trust Of Utah 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 12/2021, Community Trust Of Utah generated $207.2m in total revenue. All expenses for the organization totaled $139.2m during the year ending 12/2021.
Since 2019, Community Trust Of Utah has awarded 44 individual grants totaling $224,956,836. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST WAS FORMED TO BENEFIT, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE CHARITABLE PURPOSES OF THE COMMUNITY FOUNDATION OF UTAH. THE FOUNDATION'S MISSION IS TO HARNESS UTAH'S ENTREPRENEURIAL SPIRIT IN SERVICE TO THE COMMON GOOD. THE FOUNDATION HELPS PEOPLE GATHER ASSETS AND IDEAS THAT WILL SERVE THE STATE OF UTAH. ITS VISION IS TO BE A CATALYST FOR PHILANTHROPY THAT IS VISIONARY, SUSTAINABLE, AND INCLUSIVE.
Describe the Organization's Program Activity:
DURING 2021, THE ORGANIZATION RECEIVED 8 LARGE GIFTS AND ESTABLISHED DONOR ADVISED FUNDS FOR THE DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeramy Lund Secretary | OfficerTrustee | 0.4 | $0 |
Doug Hansen Treasurer | OfficerTrustee | 0.2 | $0 |
Brad Dickson President | OfficerTrustee | 0.4 | $0 |
Lindsey Knueven Trustee | Trustee | 0.2 | $0 |
Marty Tate Trustee | Trustee | 0.4 | $0 |
Brent Thomson Trustee | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,606,139 |
| Noncash contributions included in lines 1a–1f | $136,558,884 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,606,139 |
| Total Program Service Revenue | $0 |
| Investment income | $711,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,198,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,220,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $138,972,710 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $79,675 |
| Fees for services: Legal | $105,949 |
| Fees for services: Accounting | $19,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $616 |
| Total functional expenses | $139,180,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,392,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,360,597 |
| Investments—other securities | $8,017,606 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,152,287 |
| Total assets | $38,923,456 |
| Accounts payable and accrued expenses | $1,333,778 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,333,778 |
| Net assets without donor restrictions | $37,589,678 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,923,456 |
Grants Awarded
Over the last fiscal year, Community Trust Of Utah has awarded $138,925,210 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $56,514,760 |
Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $43,552,491 |
Boston, MA PURPOSE: GENERAL SUPPORT | $21,459,580 |
Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $5,000,000 |
Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $3,750,000 |
Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Trust Of Utah Salt Lake City, UT | $38,923,456 | $207,220,473 |
Fh Association Phoenix, AZ | $26,443,045 | $107,705,615 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Pi Foundation Inc Salt Lake City, UT | $42,544,136 | $12,945,919 |
Sun Angel Foundation Inc Tempe, AZ | $37,255,454 | $9,354,798 |
Thunderbirds Charities Phoenix, AZ | $6,399,663 | $6,410,602 |