Clark Galvan
The Sorenson Legacy Foundation is a non-profit corporation established by James LeVoy Sorenson and his wife Beverley to promote charitable, artistic, religious, educational, and scientific endeavours. The foundation supports a broad spectrum of philanthropic interests, including education, innovation, healthcare, and community development. The Sorenson Impact Foundation, on the other hand, is a separate entity that invests in companies worldwide with innovative and potentially disruptive solutions to pressing issues such as healthcare, education, and clean energy. While there is no explicit mention of PRI loans, the Sorenson Impact Foundation does mention investments and loans in some of its initiatives, such as the NESsT Lirio Fund, which provides loans to enterprises in Latin America.
| Characteristics | Values |
|---|---|
| Type | Non-profit corporation |
| Focus | Charitable, artistic, religious, educational, literary, and scientific endeavors |
| Fields | Education, innovation, health care, and community |
| Support | Organizations everywhere, with a focus on the Utah community |
| Investments | Not explicitly mentioned |
What You'll Learn
- The Sorenson Legacy Foundation is a non-profit corporation established by James LeVoy Sorenson and his wife Beverley
- The foundation supports charitable, artistic, religious, educational, and scientific endeavours
- It focuses on improving the quality of life for families and children
- The foundation promotes medical research and innovative medical technologies
- The Sorenson Impact Foundation is a separate entity that invests in companies with disruptive solutions to global issues
The Sorenson Legacy Foundation is a non-profit corporation established by James LeVoy Sorenson and his wife Beverley
The foundation was established in 2007 in Utah. James LeVoy Sorenson was a biotechnology pioneer and entrepreneur who founded Sorenson Companies, a group of enterprises spanning various industries, including real estate development, information technology, genetic research, environmental testing, and pharmaceutical ventures. He was also a medical device inventor, creating innovations such as the first disposable paper surgical mask and the first blood-recycling system for surgical procedures. Beverley Sorenson, an education philanthropist, shared her husband's passion for supporting charitable causes. She was a strong advocate for arts education, believing that the arts are essential to broadening the minds of children from a young age.
The Sorenson Legacy Foundation's work reflects the vision and values of its founders. The foundation supports organisations worldwide but maintains a particular focus on causes that impact its local Utah community. It creates bespoke continuing education programmes tailored to the needs of teachers and their students. In addition to education, the foundation prioritises healthcare, as evidenced by its support for medical research and the development of innovative medical technologies to save lives and reduce suffering.
The Sorenson Impact Foundation, an offshoot of the Sorenson Legacy Foundation, also makes program-related investments in companies addressing pressing global issues. These investments aim to unlock additional resources for sustainable development and complement public and private sector efforts. For example, the foundation has invested in companies like Arbutus Medical, which designed a simple yet long-lasting solution for surgical bone drilling in non-sterile settings. The Sorenson Impact Foundation also provides funding to the NESsT Lirio Fund, which provides loans to enterprises in the Andes-Amazon region of Latin America that are often overlooked by traditional finance.
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The foundation supports charitable, artistic, religious, educational, and scientific endeavours
The Sorenson Legacy Foundation was established by James LeVoy Sorenson and his wife Beverley, an education philanthropist, to promote their charitable interests. The foundation supports a broad spectrum of philanthropic endeavours, including charitable, artistic, religious, educational, and scientific causes.
The foundation has a particular focus on the Utah community, aiming to strengthen and build the community and its individuals. It creates bespoke continuing education programs to address the needs of teachers and students. Additionally, the foundation supports organisations and causes that have a positive impact on society, such as those assisting abused spouses and children, promoting medical research and innovation, and fostering community development and security.
The Sorenson Impact Foundation, based in Salt Lake City, is a separate entity that makes program-related investments globally. It invests in companies addressing pressing issues like access to healthcare and education, workforce development, sanitation, clean energy, and financial inclusion. The foundation's NESsT Lirio Fund, for instance, provides loans to enterprises in the Andes-Amazon region of Latin America that are often overlooked by traditional finance. This funding promotes sustainable business growth, enhances community resilience, and supports environmental initiatives.
The Sorenson Impact Foundation also invests in innovative startups like Arbutus Medical, which created a waterproof and sterilizable cover for surgical bone drilling, and Instill Education, an EdTech company supporting educators and aspiring teachers in Africa. These investments demonstrate the foundation's commitment to using 100% of its assets annually to accomplish its mission of driving sustainable change and improving lives.
While the Sorenson Legacy Foundation does not appear to provide PRI loans, its focus on education and community development aligns with its support for charitable, educational, and scientific endeavours.
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It focuses on improving the quality of life for families and children
The Sorenson Legacy Foundation is a non-profit corporation established by James LeVoy Sorenson and his wife Beverley to promote charitable, artistic, religious, educational, literary, and scientific endeavours. The foundation has a broad philanthropic scope, with a particular focus on improving the quality of life for families and children.
Beverley was a teacher and a champion of arts education, believing that the arts are essential to broadening children's minds from elementary school onwards. The foundation works to strengthen communities and individuals from all walks of life through bespoke continuing education programs that address the needs of teachers and their student communities. While it supports organisations everywhere, the foundation focuses on causes that impact its local community in Utah.
The foundation supports endeavours in the fields of education, innovation, healthcare, and community. It assists disenfranchised members of society, such as abused spouses and children, to help them receive the full benefits of membership in society and fulfill their potential as human beings. It also promotes medical research and the development of innovative medical technologies for saving lives and alleviating pain and suffering.
The foundation also works to promote community development and security, adequate and affordable housing, education, and job training. It provides youth with alternatives to gangs, crime, and socially unproductive behaviour, and protects and enhances the environment. The foundation has invested in companies like Navajo Power Home, a solar utility company that installs self-sustaining, individual solar systems for the 15,000 rural homes in the Navajo Nation without electricity access.
The Sorenson Impact Foundation, based in Salt Lake City, has also invested in Instill Education, an EdTech and upskilling company based in South Africa and Ghana, which focuses on providing services to support educators and aspiring teachers in Africa.
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The foundation promotes medical research and innovative medical technologies
The Sorenson Legacy Foundation is a non-profit corporation established by James LeVoy Sorenson and his wife Beverley to promote the charitable interests of the family. The foundation has a broad philanthropic spectrum and supports endeavours across education, innovation, healthcare, and community.
James LeVoy Sorenson was a biotechnology pioneer, entrepreneur, and inventor. He founded the Sorenson Companies, a group of enterprises spanning real estate development, information technology, genetic research, environmental testing, and pharmaceutical pursuits. Sorenson was also responsible for creating the first disposable paper surgical mask and the first blood-recycling system for trauma and surgical procedures. His inventions in the medical field also include the first computerized heart monitoring system.
The foundation also works to promote community development and security, affordable housing, education, and job training. It encourages law and order and provides youth with alternatives to gangs and crime. The Sorenson Impact Foundation, an offshoot of the main foundation, invests in companies worldwide that have developed scalable and innovative solutions to pressing global issues, including access to quality healthcare, education, clean energy, and sanitation. The foundation's program-related investments include the NESsT Lirio Fund, which provides loans to enterprises in the Andes-Amazon region of Latin America that are often overlooked by traditional finance.
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The Sorenson Impact Foundation is a separate entity that invests in companies with disruptive solutions to global issues
The Sorenson Legacy Foundation was established to further the charitable interests of the James LeVoy Sorenson family. The foundation supports a broad spectrum of philanthropic interests, including education, innovation, healthcare, and community.
The Sorenson Impact Foundation is a separate entity with a distinct focus. Established in 2012, it is based in Salt Lake City and invests in companies worldwide that offer innovative, scalable, and potentially disruptive solutions to pressing global issues. The foundation aims to generate both scalable impact and financial returns, demonstrating that these two goals are not mutually exclusive.
The foundation's investment strategy includes a robust mission-related investment portfolio, a grant portfolio, and a program-related investment portfolio. As of 2023, the program-related investment portfolio comprised 61 active investments in companies headquartered in 14 countries across five continents. The foundation's program-related investments deploy catalytic capital to create and improve systems that reduce inequality and increase access to opportunities for historically marginalized communities worldwide.
The Sorenson Impact Foundation has invested in a range of companies with a social and environmental impact. For example, it has provided a $1 million PRI investment to Redemption Holding Company, enabling the acquisition of Holladay Bank & Trust, which will become the first Black-owned bank in American history. The foundation has also invested in Instill Education, an EdTech company in South Africa and Ghana, and NESsT Lirio Fund, which provides loans to underserved enterprises in the Andes-Amazon region of Latin America.
The foundation's work aligns with its belief in the power of business to solve global challenges sustainably and scalably, thereby improving the lives of people worldwide.
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Frequently asked questions
The Sorenson Legacy Foundation is a non-profit corporation established by James LeVoy Sorenson and his wife Beverley to promote charitable, artistic, religious, educational, literary and scientific endeavors. While the foundation has a broad philanthropic spectrum, there is no indication that they offer PRI loans.
The Sorenson Impact Foundation is a separate entity from the Sorenson Legacy Foundation. It is an impact investment foundation that invests in companies with innovative and disruptive solutions to pressing global issues, such as access to healthcare, education, and clean energy.
The Sorenson Impact Foundation has invested in various companies, including Arbutus Medical, which created a waterproof and sterilizable cover for surgical bone drilling, and Instill Education, an EdTech and upskilling company based in South Africa and Ghana.
While the Sorenson Impact Foundation primarily makes program-related investments, it has been involved in providing loans through its partnership with NESsT Lirio Fund. This fund provides loans to enterprises in the Andes-Amazon region of Latin America that are often overlooked by traditional finance.
Yes, there is a subscription-based digital media brand called ImpactAlpha, which focuses on business journalism with an Impact and ESG lens. Additionally, eMoneyPool is an online money marketplace that enables peer-lending groups and helps individuals access capital through their social networks.
