Low Family Foundation
- Assets
- $10.2m
- Revenue
- $1.2m
- Investments
- $9.0m
- Employees
- 0
- Location
- Heber City, UT
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-3805319
Organization Overview
Low Family Foundation is located in Heber City, UT. The organization was established in 2019. 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. Low Family 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 12/2022, Low Family Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $590.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Low Family Foundation has awarded 38 individual grants totaling $2,494,000. 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 |
|---|---|---|---|
William W Low III Trustee | 8 | $0 | |
Shirley A Low Trustee | 0 | $0 | |
William W Low IV Trustee | 0 | $0 | |
Melissa A Johnson Trustee | 0 | $0 | |
Tyler D Low Trustee | 0 | $0 | |
Brooke D Low Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $268,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $918,566 |
| Capital Gain Net Income | $918,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,187,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,608 |
| Printing and publications | $0 |
| Other expenses | $33,873 |
| Total operating and administrative expenses | $85,081 |
| Contributions, gifts, grants paid | $505,000 |
| Total expenses and disbursements | $590,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,229,260 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,180,442 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Low Family Foundation has awarded $505,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MENTORS INTERNATIONAL PURPOSE: INTERNATIONAL ECONOMIC DEVELOPMENT | $85,000 |
DAVIS EDUCATION FOUNDATION PURPOSE: SUPPORTING EDUCATION FOR CHILDREN | $25,000 |
RISE AND REBUILD PURPOSE: HUMANITARIAN AID | $200,000 |
OPERATION KIDS UTAH PURPOSE: SUPPORTING AID FOR CHILDREN ACROSS THE WORLD | $15,000 |
THE RACHEL COVEY FOUNDATION PURPOSE: SUPPORTING THE BRIDLE UP HOPE GROUP | $50,000 |
YOUTHLINC PURPOSE: HUMANITARIAN AWARD AND VARIOUS CONSTRUCTION PROJECTS | $15,000 |