Overview
What is The Community Foundation Of Utah?
The Community Foundation of Utah (CFU) is a vital philanthropic hub in Utah, connecting donors and mission-driven organizations to build a thriving community. Since its establishment in 2008, it has facilitated over $200 million in grants to various nonprofits in Utah and beyond. CFU supports a wide range of causes, from arts and culture to animal welfare, education, and the environment. The organization offers diverse initiatives like the Initiatives in Support of Success (IIS), which provides capacity-building opportunities for emerging nonprofit leaders, and the Pay for Success (PFS) model, which drives government resources to effective social programs. Additionally, CFU runs the Full Spectrum Series (FSS), which educates donors on impact investing and philanthropy. Furthermore, CFU supports local youth athletic organizations, fostering partnerships with Salt Lake City to provide accessible competitive athletic opportunities to low-income youth. With a team of 13 dedicated individuals, CFU is committed to maximizing the impact of donors' gifts and achieving their missions.
Official website here: www.utahcf.org
What are the reviews and ratings of this charity?
Charity Navigator rates The Community Foundation Of Utah with a score of 99%, granting it a Four-Star out of Four Star rating. This exceptional score is based entirely on the Accountability & Finance category, reflecting the organization’s commitment to financial transparency and responsible management. The 99% rating in this category indicates that the foundation adheres to high standards of financial practices, ensuring donor trust and effective use of funds.
One of the notable strengths of The Community Foundation Of Utah is its governance structure, which consists of a fully independent board. This independence, along with comprehensive policies for conflict of interest, whistleblower protections, and document retention, underscores the organization's dedication to ethical oversight. Additionally, their financial performance is impressive, with a program expense ratio of 95.78%, indicating that a significant portion of their funds directly supports their programs.
However, there is a noted limitation regarding the absence of a donor privacy policy, which received a score of zero. While this does not detract significantly from the overall financial health and accountability of the foundation, it might raise concerns among potential donors regarding the handling of their personal information. Overall, The Community Foundation Of Utah demonstrates a robust commitment to transparency and ethical governance, making it a strong choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Utah legitimate?
The Community Foundation Of Utah is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Utah submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $315,777
Professional Fundraising Fees: $0
Other Salaries and Wages: $503,428
For more financial information, click here
Official website here: www.utahcf.org
What is the mission statement of The Community Foundation Of Utah?
The Community Foundation of Utah serves as a hub for Utahns to contribute to their community, ensuring a brighter tomorrow. It facilitates grants to various mission-driven organizations, maximizing the impact of donors' gifts. Since its establishment, the foundation has granted over 200 million to nonprofits in diverse fields such as arts, culture, animal welfare, education, and environment. The foundation also spearheads initiatives like Initiatives in Success (IIS), which provides leadership development opportunities for emerging nonprofit leaders, and Innovative Funding Models like Pay for Success, which drives government resources to social programs with measurable results. Additionally, the Community Foundation of Utah supports youth athletic organizations, connects private foundations and donor-advised fundholders, and recognizes ethical leadership in businesses, nonprofits, and government entities.
Official website here: www.utahcf.org
Who is the CEO of The Community Foundation Of Utah?
Alexandra Eaton is the Ceo of The Community Foundation Of Utah. The CEO's salary of The Community Foundation Of Utah is $189,000 and their total compensation is $204,756.
Official website here: www.utahcf.org
What is the revenue of The Community Foundation Of Utah?
The Community Foundation Of Utah's revenue in 2022 was $40,373,770.
Official website here: www.utahcf.org
Who are the executives of The Community Foundation Of Utah and what are their salaries?
The average compensation at The Community Foundation Of Utah during 2022 was $63,016. There are 13 employees and 17 volunteers at The Community Foundation Of Utah.
Here are 15 key members and their salaries (The Community Foundation Of Utah's CEO's salary is $189,000 and their total compensation is $204,756):
- Compensation: $189,000
- Related: $0
- Other: $15,756
- Compensation: $107,455
- Related: $0
- Other: $15,350
- Compensation: $108,224
- Related: $0
- Other: $2,797
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Official website here: www.utahcf.org
Where can I find the form 990 for The Community Foundation Of Utah?
The Community Foundation Of Utah's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.utahcf.org
Learn more at the official website: www.utahcf.org
Mission Statement of The Community Foundation Of Utah
The Community Foundation of Utah, a prominent philanthropic organization in Utah, is dedicated to enabling all Utahns to contribute to their community today and securing a brighter tomorrow. The Foundation serves as a hub where donors and mission-driven organizations come together to build a thriving community, maximizing the impact of donations and connecting organizations to essential tools and resources.
Since its establishment in 2008, the Community Foundation of Utah has granted over 200 million dollars to various nonprofit organizations, supporting initiatives in areas ranging from arts and culture to animal welfare and education. The organization plays a crucial role in numerous community initiatives, including grantmaking and education programs, community leadership funds, and innovative funding models like Pay for Success and Full Spectrum Series.
Through its various programs and initiatives, the Community Foundation of Utah aims to create lasting change in the community, providing opportunities for emerging nonprofit leaders through the Initiatives in Success program and engaging the next generation of philanthropists through partnerships like the Give for Good cohort. The Foundation is a testament to Utah's commitment to collective and strategic philanthropy, fostering a collaborative and impactful environment for community development.
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Impact
October, 2024
The Community Foundation of Utah has significantly impacted the state by facilitating over $200 million in grants since its inception in 2008, connecting donors with mission-driven organizations to create a vibrant community. In 2022 alone, it allocated over $57 million to more than 500 organizations across diverse sectors, such as arts, education, and environmental initiatives.
One notable initiative is the Invest in Success program, which has provided leadership development for over 60 organizations focused on assisting low-income populations. This program equips emerging leaders with crucial skills to enhance their organizations' effectiveness.
Additionally, the foundation has introduced innovative funding models like Pay for Success, aligning government resources with measurable social outcomes. It fosters collaboration among grantmakers through the Utah Grantmakers Alliance, ensuring that philanthropic efforts are both effective and sustainable.
The foundation played a critical role in addressing pressing humanitarian needs through the Utah Afghan Community Fund, which supported the resettlement of over 900 Afghan families, and the Utah for Ukraine Fund, which mobilized $4 million in just six weeks for Ukrainian refugees. Both funds illustrate the community's commitment to supporting vulnerable populations.
Moreover, the Utah Impact Partnership Fund targets homelessness by deploying grants to secure affordable housing and support transitional housing efforts. This fund exemplifies a collective approach to tackling systemic issues.
Through various initiatives and partnerships, The Community Foundation of Utah is a catalyst for philanthropy, effectively mobilizing resources and fostering collaboration to ensure a brighter future for all Utahns.
This information is meant to be a general summary of The Community Foundation Of Utah. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $327,486
- Program Service Revenue: $357,050
- Gross Receipts: $69,532,905
Assets and Liabilities:
- Total Assets: $136,652,844
- Total Liabilities: $1,619,566
- Net Assets: $135,033,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$357,050
Organization Details
Founding Year
2007
Phone
(801) 559-3005Principal Officer
Alexandra Eaton
Main Address
2257 SOUTH 1100 EAST SUITE 205, SALT LAKE CITY, UT, 84106
Website
www.utahcf.orgNTEE Category
Code: T31 - Philanthropy
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