Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
Sorenson Impact Foundation
 

Number and street (or P.O. box number if mail is not delivered to street address)299 S Main Street   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Salt Lake City, UT84111
A Employer identification number

45-3203840
B Telephone number (see instructions)

(801) 490-1000
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$138,230,774J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 3,266 3,266  
4 Dividends and interest from securities...... 1,493,595 1,486,095  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 857,472
b Gross sales price for all assets on line 6a 10,640,836
7 Capital gain net income (from Part IV, line 2)... 894,413
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......   75,506  
12 Total. Add lines 1 through 11........ 2,354,333 2,459,280  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 154,475     154,475
b Accounting fees (attach schedule)....... Click to see attachment 35,414      
c Other professional fees (attach schedule).... Click to see attachment 306,384 306,384    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 52,957 1,457    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 67,429      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 5,605      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 622,264 307,841   154,475
25 Contributions, gifts, grants paid........ 1,278,897 1,278,897
26 Total expenses and disbursements. Add lines 24 and 25 1,901,161 307,841   1,433,372
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 453,172
b Net investment income (if negative, enter -0-) 2,151,439
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 108,931 495,448 495,448
2 Savings and temporary cash investments.......... 2,230,244 2,718,077 2,718,077
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 1,753,493 Click to see attachment901,588 901,588
b Investments—corporate stock (attach schedule)........ 20,419,782 Click to see attachment26,540,359 26,540,359
c Investments—corporate bonds (attach schedule)........ 7,055,159 Click to see attachment6,390,649 6,390,649
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 96,289,704 Click to see attachment100,217,116 100,217,116
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment292,289 Click to see attachment967,537 Click to see attachment967,537
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 128,149,602 138,230,774 138,230,774
Liabilities 17 Accounts payable and accrued expenses.......... 7,494 20,646
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 7,494 20,646
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 128,142,108 138,210,128
30 Total net assets or fund balances (see page 17 of the
instructions).................... 128,142,108 138,210,128
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 128,149,602 138,230,774
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 128,142,108
2 Enter amount from Part I, line 27a..................... 2 453,172
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 9,614,848
4 Add lines 1, 2, and 3.......................... 4 138,210,128
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 138,210,128
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 894,413
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012      
2011      
2010      
2009      
2008      
2 Total of line 1, column (d) ...................... 2  
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3  
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4  
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7  
8 Enter qualifying distributions from Part XII, line 4.............. 8  
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 43,029
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 43,029
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 43,029
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 71,400
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 71,400
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 28,371
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet28,371 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletUT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletsorensonimpactfoundation.org
    14
    The books are in care ofbulletPaul Ludlow Telephone no.bullet (801) 490-1013
    Located atbullet299 S Main Street Suite 2200Salt Lake CityUT ZIP+4bullet84111
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    James Lee Sorenson Director
    10.00     		0    
    299 S Main Street Suite 2200
    Salt Lake City,UT84111
    Krista Sorenson Director
    5.00     		0    
    299 S Main Street Suite 2200
    Salt Lake Cit,UT84111
    Luke Sorenson Director
    1.00     		0    
    3400 N Ashton Boulevard
    Lehi,UT84043
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Merrill Lynch Investment advice 306,384
    101 California Street Suite 2100
    San Francisco,CA94111
    Ray Quinney & Nebeker Legal 154,475
    36 S State Street Suite 1400
    Salt Lake City,UT84111
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 Visage Holdings PRI: Fostering economic development and job growth in India through loans to underserved populations. 250,000
    2 Simpa Networks PRI: Developing affordable and accessable solar energy and providing economic development in rural India. 250,000
    All other program-related investments. See page 24 of the instructions.
    3 Click to see attachment 375,000
    Total. Add lines 1 through 3.........................bullet875,000
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,999,789
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    43,029
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    43,029
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,956,760
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,956,760
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    4,956,760
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 4,956,760
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 634,308
    b From 2009....... 2,655,078
    c From 2010....... 2,502,938
    d From 2011.......  
    e From 2012....... 581,967
    fTotal of lines 3a through e......... 6,374,291
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 2,308,372
    a Applied to 2012, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 2,308,372
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2013. 2,648,388 2,648,388
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,725,903
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		3,725,903
    10 Analysis of line 9:
    a Excess from 2009.... 640,998
    b Excess from 2010.... 2,502,938
    c Excess from 2011....  
    d Excess from 2012.... 581,967
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    James Lee Sorenson
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Sorenson Impact Foundation
    299 S Main Street Suite 2200
    Salt Lake City,UT84111
    (801) 490-1000
    info@sorensonimpactfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    Applicants may obtain a grant application by contacting the foundation at the above address. Information required by the foundation for consideration of a grant includes a description of the applicant's organization and mission, a specific request for funds, background information on directors and key personel and other information as outlined on the application.
    cAny submission deadlines:
    Quarterly; January 31, April 30, July 31, October 31
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Awards will only be made for permitted charitable purposes consistent with the purpose and mission of the foundation.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Ouelessebougou
    5278 S Pinehurst Dr
    Murray,UT84123     		  Public Vaccination program 16,880
    Boys Girls Club
    669 Sourh 200 East Suite 100
    Salt Lake City,UT84111     		  Public High school and college prep initiative 20,000
    United Way
    257 East 200 South Suite 300
    Salt Lake City,UT84111     		  Public Change The Odds Campaign 500,000
    Brigham Young University
    3328 TMCB
    Provo,UT84602     		  Univ Research for ASL display device 100,000
    Library Square Foundation aka Leona
    PO Box 2129
    Salt Lake City,UT84110     		  Public Mind Riot competition funding 50,000
    Junior Achievement
    515 East 100 South Suite 200
    Salt Lake City,UT84102     		  Public JA City funding and auction sponsorship 15,500
    IVUmed
    3269 S Main Street Suite 230
    Salt Lake City,UT84115     		  Public Surgical workshop 45,000
    Cause For Hope Foundation
    10421 South Jordan Gateway Suite 6
    South Jordan,UT84095     		  Public Orphanage funding & mentoring program 129,600
    Salt Lake County
    2001 South State Street Suite S480
    Salt Lake City,UT84190     		  Govt Herriman recreation center 31,250
    Brigham Young University
    3328 TMCB
    Provo,UT84602     		  Univ BTS Arts Endowment 43,792
    University of Utah
    201 Presidents Circle
    Salt Lake City,UT84112     		  Univ BTS Arts & Leadership Pavillion 41,875
    Utah Chamber Artists
    11640 S Littler Road
    Sandy,UT84092     		  Public Musical composition & tour 150,000
    Utah Food Bank
    3150 South 900 West
    Salt Lake City,UT84191     		  Public Fighting Hunger Campaign 25,000
    Village Capital
    700 E Gate Dr 310
    Mt Laurel,NJ08054     		  Public Funding for Brazil cohort research 50,000
    Vittana Foundation
    318 First Avenue South Suite 310
    Seattle,WA98104     		  Public Social impact study 50,000
    Maliheh Free Clinic
    415 East 3900 South
    South Salt Lake,UT84107     		  Public Healthy families program 10,000
    Total .................................bullet 3a 1,278,897
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 3,266  
    4 Dividends and interest from securities....     14 1,493,595  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 857,472  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,354,333  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,354,333
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID: 13000170
    Software Version: 2013v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting & Tax 35,414 0 0 0

    TY 2013 AllOthProgRltdInvestmentsSch
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Category Amount
    Liberty & Justice PRI: Access to healthcare and addressing unemployment in Liberia 125,000
    Copia Global PRI: Providing access to life necessities and job opportunities in Africa 250,000

    TY 2013 ContractorCompensationExpln
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Contractor Explanation
    Merrill Lynch  
    Ray Quinney & Nebeker  

    TY 2013 GeneralExplanationAttachment
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF Part VII-A, Line 11Controlled Entity:Sorenson Media, Inc.13961 Minuteman Drive, Suite 100Draper, Utah 84020EIN: 76-0793370
      General Explanation Supplemental Information for Form 990-PF Form 990-PFPart I, line 11(b)Description of other income: Investment income from K-1 passthrough

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Kinder Morgan    
    Staples Inc 524,039 524,039
    Boeing Co 255,983 255,983
    Hospira Inc    
    Northrop Grumman corp 287,758 287,758
    Comcast Corp 587,786 587,786
    Goldman Sachs Group Inc 581,940 581,940
    General Electric Capital Corp 289,437 289,437
    AT&T Inc 285,690 285,690
    Metlife Inc 611,097 611,097
    Verizon Communications    
    Walgreen Co 285,540 285,540
    Marathon Oil Corp 304,628 304,628
    Waste Management Inc 615,997 615,997
    Boeing Co 597,758 597,758
    Newmont Mining Corp 209,981 209,981
    Newell Rubbermaid Inc 533,303 533,303
    California ST 419,712 419,712

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Merrimack Pharmaceuticals 589,044 589,044
    Ansys Inc 58,773 58,773
    Aarons Inc 32,428 32,428
    Acuity Brands Inc 60,126 60,126
    Affiliated Managers Grp 92,608 92,608
    Airgas Inc 28,186 28,186
    Ametek Inc 30,917 30,917
    Aptar Group Inc 48,213 48,213
    Bio Rad Labs 52,781 52,781
    Blackbaud Inc 49,397 49,397
    Carlisle Cos Inc 54,707 54,707
    Carmax Inc 30,516 30,516
    Church & Dwight Co Inc 38,509 38,509
    City National Corp 52,048 52,048
    Clarcor Inc 47,490 47,490
    Columbia Sportswear Co 26,224 26,224
    Copart Inc 31,299 31,299
    Cullen First Bkrs 23,445 23,445
    Dentsply Intl Inc 71,120 71,120
    Dril Quip 24,295 24,295
    Equifax Inc 52,094 52,094
    Factset Resh Sys Inc 32,900 32,900
    Fair Isaac Corporation 58,818 58,818
    Flir Systems Inc 31,244 31,244
    Forest City Enterprises 31,171 31,171
    Gentex Corp 54,945 54,945
    Graco Inc 36,873 36,873
    Hcc Ins Holding Inc 70,594 70,594
    Hunt JB Trans Svcs Inc 37,568 37,568
    Idex Corp Delaware 61,443 61,443
    Jack Henry & Assoc Inc 38,960 38,960
    Jacobs Engn Grp Inc 23,495 23,495
    Kirby Corp 69,574 69,574
    LKQ Corp 97,746 97,746
    Markel Corp 113,168 113,168
    Mettler-Toledo Intl Inc 28,140 28,140
    Morningstar Inc 82,541 82,541
    OReilly Automotive Inc 23,554 23,554
    Oceaneering Intl Inc 33,287 33,287
    Pall Corp PV 25,520 25,520
    Sally Beauty Holdings Inc 70,889 70,889
    Schein Inc 67,071 67,071
    SEI Investment Co 46,608 46,608
    Solera Holdings Inc 32,479 32,479
    Transdigm Group Inc 31,882 31,882
    Umpqua Holdings Corp 42,893 42,893
    Varian Medical Sys Inc 34,106 34,106
    Verisk Analytics Inc    
    Wex Inc 26,441 26,441
    Wiley John & Sons    
    Corts Trust For AON Cap 16,762 16,762
    Montpelier RE Holdings 67,763 67,763
    Morgan Stanley Cap TRVII 12,612 12,612
    Morgan Stanley Cap VIII 1,024 1,024
    Albemarle Corp 216,857 216,857
    Altria Group Inc 228,612 228,612
    Berkshire Hathaway    
    Blackrock Inc 208,237 208,237
    Bristol-Myers Squibb 280,366 280,366
    Chevron Corp 159,260 159,260
    Cinn Financial Corp 196,702 196,702
    Cisco Systems Inc 139,761 139,761
    Coca Cola 125,665 125,665
    ConocoPhillips 187,646 187,646
    Dominion Res Inc 170,458 170,458
    Duke Energy Corp 95,993 95,993
    Federated Investors B 202,810 202,810
    Frac Kinder Morgan Management    
    Hasbro Inc 298,649 298,649
    Hatteras Financial Corp 75,965 75,965
    Hershey Company    
    Intel Corp 191,314 191,314
    Intl Business Machines 112,730 112,730
    Johnson and Johnson 92,964 92,964
    Kinder Morgan Management LLC 200,953 200,953
    Lorillard Inc 247,166 247,166
    Lowes Companies Inc 236,998 236,998
    Meadwestvaco Corp 155,882 155,882
    Microsoft Corp 122,630 122,630
    Newmarket Corp 193,139 193,139
    Paychex Inc 175,245 175,245
    Pfizer Inc 250,615 250,615
    Philip Morris Intl 94,449 94,449
    Reynolds American Inc 104,079 104,079
    Verizon Communications 126,192 126,192
    Wal-Mart Stores Inc    
    Wells Fargo & Co 251,289 251,289
    Ansys Inc 215,471 215,471
    Accenture PLC 229,640 229,640
    Affiliated Managers Grp 253,099 253,099
    EMC Corporation 231,430 231,430
    Expeditors Intl Wash Inc    
    Express Scripts Holding Co    
    Hospira Inc 261,756 261,756
    Mastercard Inc 119,471 119,471
    Qualcomm Inc    
    RobertHalf Intl Inc 269,702 269,702
    Scripps Networks Interactive 236,331 236,331
    Stanley Black & Decker 360,684 360,684
    Starwood Hotels and Resorts 275,294 275,294
    Suncor Energy Inc    
    Waters Corp 211,200 211,200
    Wynn Resorts LTD 297,336 297,336
    Altera Corp 128,418 128,418
    AON PLC 390,844 390,844
    Apache Corp 181,505 181,505
    Berkshire Hathaway Inc 474,240 474,240
    Coca Cola 236,458 236,458
    Comcast Corp 221,318 221,318
    Ecolab Inc 304,990 304,990
    Fidelity Natl Info Svcs 160,342 160,342
    Goldman Sachs Group 150,671 150,671
    Google Inc 224,142 224,142
    Liberty Global Inc 35,600 35,600
    Liberty Global Inc A 311,984 311,984
    Loews Corp 198,990 198,990
    McDonalds Corp    
    Microsoft Corp 368,002 368,002
    Mondelez International 199,198 199,198
    Morgan Stanley 219,520 219,520
    Nestle SA 173,820 173,820
    News Corp A 33,715 33,715
    News Corp B 3,940 3,940
    Noble Energy Inc 366,023 366,023
    Oracle Corp 397,904 397,904
    Pepsico Inc 180,395 180,395
    Praxair Inc 203,107 203,107
    Thermo Fisher Scientific 190,631 190,631
    Unitedhealth Group 239,078 239,078
    WR Berkley Corp 157,289 157,289
    Wal-Mart Stores Inc 231,113 231,113
    3M Company 94,669 94,669
    Aegion Corp 25,589 25,589
    Alleghany Corp 8,799 8,799
    American Financial Group 28,167 28,167
    Atlas Air Worldwide Hldgs    
    Babcock and Wilcox    
    Bemis Co Inc 8,151 8,151
    Black Hills Corp 17,276 17,276
    Brown Shoe Co Inc 28,731 28,731
    Cabelas Inc 22,864 22,864
    Chicos FAS Inc 12,453 12,453
    City National Corp 10,140 10,140
    Community Health Sys    
    Computer Science Corp 52,248 52,248
    Covanta Holding Corp 44,943 44,943
    Cree Inc    
    Darling International Inc 16,975 16,975
    Devry Inc 19,845 19,845
    Dryships Inc    
    Employers Holdings Inc 15,097 15,097
    Endurance Specialty Holding 22,940 22,940
    Equifax Inc    
    Euronet Worldwide Inc    
    First Midwest Bancorp 10,606 10,606
    First Niagara Financial Group 8,698 8,698
    Forest Labs Inc    
    Frac First Horizon Natl Corp 1 1
    General Cable Corp 20,558 20,558
    Gentex Corp 17,512 17,512
    Global Pmts Inc 21,577 21,577
    Globe Specialty Metals 4,358 4,358
    Goodrich Petroleum    
    Great Plains Energy 25,307 25,307
    Guess Inc 11,651 11,651
    Gulfport Energy    
    Hanover Ins Group 79,414 79,414
    Hologic Inc 16,427 16,427
    Home Loan Servicing Solutions LTD 11,370 11,370
    Hormel Foods Corp 27,147 27,147
    Huntington Bancshares Inc 19,956 19,956
    ICF International Inc 18,084 18,084
    Investors Real Estate Trust 7,662 7,662
    IXYS Corp 49,598 49,598
    JM Smucker Co 24,351 24,351
    Jack In The Box Inc 9,504 9,504
    The Jones Group Inc 14,047 14,047
    Kindred Healthcare Inc 17,273 17,273
    Landec Corp 13,441 13,441
    Lexington Realty Trust 6,534 6,534
    Maidenform Brands Inc    
    Maxwell Technologies Inc 31,880 31,880
    McDermott International Inc    
    MDU Resources Group Inc 9,532 9,532
    Mednax Inc 18,469 18,469
    Navigant Consulting Inc 38,918 38,918
    Northern Trust Corp 30,821 30,821
    Oasis Pete Inc 18,412 18,412
    Ocwen Financial Corp 16,247 16,247
    Old Natl Bancorp    
    Orbital Sciences Corp 20,621 20,621
    Owens Ill Inc 49,985 49,985
    Post Holdings Inc    
    Power-One Inc    
    Quanta Services Inc 27,047 27,047
    Ralcorp Holdings Inc    
    Reinsurance Group America 41,647 41,647
    Renaissancere Holdings LTD    
    Resolute Energy Corp 15,631 15,631
    RF Micro Devices 15,779 15,779
    SAIA Inc 8,173 8,173
    Sanchez Energy Corp 13,554 13,554
    Sandridge Energy Inc    
    Scholastic Corp 13,468 13,468
    Semtech Corporation 13,955 13,955
    Sonoco Products Co 37,631 37,631
    Superior Energy Svcs Inc 26,291 26,291
    SVB Financial Group 10,905 10,905
    Symmetricom Inc    
    Synovus Financial Corp    
    UGI Corp 21,269 21,269
    United Stationers Inc 10,738 10,738
    Universal Health Svcs 4,226 4,226
    URS Corp 35,238 35,238
    WR Berkley Corp 41,785 41,785
    Whiting Petroleum Corp 30,997 30,997
    Wintrust Financial 13,928 13,928
    Zions Bancorp 8,688 8,688
    Zoltek Companies Inc 15,008 15,008
    Allergan Inc    
    Amazon.com Inc 126,815 126,815
    American Tower REIT Inc 44,699 44,699
    Apple Inc 88,641 88,641
    Biogen Idec Inc 73,248 73,248
    Blackrock Inc 58,230 58,230
    Borg Warner Inc 45,846 45,846
    Cabot Oil & Gas    
    CBS Corp 49,462 49,462
    Celgene Corp 106,281 106,281
    Cerner Corp 38,795 38,795
    Coach Inc    
    Concho Resources Inc    
    Costco Wholesale Corp 33,564 33,564
    Covidien PLC    
    CVS Caremark Corp 40,938 40,938
    Danaher Corp 95,033 95,033
    Dollar General Corp 56,399 56,399
    EMC Corporation    
    Ebay Inc 51,957 51,957
    Ecolab Inc 37,120 37,120
    Edwards Lifesciences Corp    
    Express Scripts Holding Co    
    Facebook Inc 59,786 59,786
    Fluor Corp    
    FMC Techs Inc    
    Franklin Res Inc    
    Gilead Sciences Inc 73,974 73,974
    Glaxosmithkline PLC ADR    
    Google Inc Cl A 147,934 147,934
    HCA Holdings Inc    
    Home Depot Inc    
    Intl Business Machines    
    Intuit Inc    
    Intuitive Surgical Inc    
    Las Vegas Sands Corp    
    Lauder Estee Companies Inc 36,831 36,831
    Lennar Corp    
    Mastercard Inc 59,318 59,318
    McGraw Hill Companies    
    Michael Kors Holdings LTD    
    Monsanto Co 104,196 104,196
    Precision Castparts 62,747 62,747
    Priceline.com Inc 123,214 123,214
    Qualcomm Inc 46,555 46,555
    Ralph Lauren Corp 34,608 34,608
    Range Resources Corp 35,579 35,579
    Ross Stores Inc 36,791 36,791
    SalesForce.com Inc 90,070 90,070
    SBA Communications Corp 38,721 38,721
    Sirius XM Radio Inc    
    Starbucks Corp 86,307 86,307
    Teradata Corp    
    Ulta Salon Cosmetics 27,991 27,991
    Union Pacific Corp 122,808 122,808
    United Technologies Corp 45,292 45,292
    Unitedhealth Group Inc    
    Visa Inc 133,831 133,831
    VMWare Inc    
    WW Grainger Inc    
    Wells Fargo & Co    
    Williams Companies    
    Yum Brands Inc    
    BB&T Corporation    
    Cobank ACB 95,813 95,813
    Coresite Realty Corp    
    DTE Energy Co    
    First Republic Bank    
    Telephone & Data Systems    
    Donaldson Co Inc 29,987 29,987
    Gentex Corp 31,333 31,333
    Idex Lab Inc 28,082 28,082
    Carnival Corp paired shares 198,118 198,118
    Corning Inc 200,903 200,903
    Corrections Corp of America 154,802 154,802
    General Dynamics Corp 226,740 226,740
    Ametek Inc 338,826 338,826
    AON PLC 219,288 219,288
    T Rowe Price Group Inc 147,184 147,184
    Towers Watson & Co 146,241 146,241
    Trimble Nav LTD 245,641 245,641
    Twenty-First Century Fox Inc 223,013 223,013
    Wabtec 260,539 260,539
    Anadarko Peteroleum Corp 63,456 63,456
    Constellation Brands Inc 175,950 175,950
    Dish Network Corporation 133,216 133,216
    Twenty-First Century Fox A 263,318 263,318
    Twenty-First Century Fox B 30,690 30,690
    Alexandria Real Estate Equities 16,541 16,541
    Allied Nev Gold Corp 7,025 7,025
    Azz Inc Texas 5,326 5,326
    Biomed Realty Trust Inc 16,072 16,072
    Bunge Limited 40,973 40,973
    C&J Energy Services Inc 14,045 14,045
    Cameco Corp 40,335 40,335
    Campus Crest Communities Inc 3,378 3,378
    Coeur Mining Inc 18,109 18,109
    Edwards Lifesciences Corp 8,746 8,746
    Energy XXI LTD 7,279 7,279
    Hancock Holding Co 9,647 9,647
    Ingredion Inc 13,350 13,350
    Olin Corp 21,839 21,839
    Omnivision Techs Inc 3,698 3,698
    Patterson Uti Energy Inc 13,293 13,293
    Pepco Holdings Inc 14,749 14,749
    Redwood Trust Inc 13,656 13,656
    Royal Gold Inc 8,845 8,845
    Alexion Pharms Inc 43,852 43,852
    American Express Company 43,187 43,187
    Amgen Inc 64,912 64,912
    Applied Material Inc 31,064 31,064
    Arm Holdings PLC 47,123 47,123
    Baidu Inc 42,869 42,869
    Bristol-Myers Squibb Co 29,392 29,392
    Catamaran Corp 26,579 26,579
    Chipotle Mexican Grill 22,377 22,377
    Cognizant Tech Solutions 41,806 41,806
    Delta Air Lines Inc 21,015 21,015
    Walt Disney Co 40,110 40,110
    Hilton Worldwide Holdings 26,656 26,656
    JPMorgan Chase & Co 33,568 33,568
    Kansas City Southern 17,460 17,460
    Liberty Global PLC 42,809 42,809
    LinkedIn Corp 25,152 25,152
    Lowe's Companies 41,473 41,473
    McKesson Corporation 23,564 23,564
    Morgan Stanley 49,831 49,831
    Nike Inc 50,487 50,487
    Noble Energy Inc 39,504 39,504
    NXP Semiconductors NV 30,268 30,268
    Schlumberger LTD 46,947 46,947
    Charles Schwab Corp 24,544 24,544
    ServiceNow Inc 17,531 17,531
    Twenty-First Century Fox Inc 66,717 66,717
    Whole Foods Markets Inc 9,600 9,600
    Workday Inc 3,576 3,576
    Wynn Resorts LTD 35,152 35,152
    Zoetis Inc 42,922 42,922
    Advent Software Inc 13,771 13,771
    Albemarle Corp 27,068 27,068
    Alexander & Bladwin Inc 17,443 17,443
    Alleghany Corp 5,999 5,999
    Alliant Tech Systems Inc 16,670 16,670
    American Eagle Outfitters 7,546 7,546
    Atwood Oceanics Inc 25,948 25,948
    Cabelas 38,396 38,396
    Columbia Sportswear Co 15,199 15,199
    Corrections Corp of America 22,930 22,930
    Deckers Outdoors Corp 27,450 27,450
    Eaton Vance Corp 32,563 32,563
    Energizer Holdings Inc 7,144 7,144
    First Indl Realty Trust Inc 19,561 19,561
    Hatteras Financial Corp 5,490 5,490
    Kaman Corp 9,178 9,178
    Martin Marietta Materials 9,394 9,394
    Matson Inc 12,246 12,246
    MBIA Inc 16,812 16,812
    Micrel Inc 6,613 6,613
    Montpelier RE Holdings LTD 13,561 13,561
    Newmarket Corp 36,422 36,422
    Nu Skin Enterprises 31,791 31,791
    Old Dominion Freight Lines 36,849 36,849
    Pricesmart Inc 33,160 33,160
    Ritchie Bros Auctioneers 7,544 7,544
    Service Corp International 26,379 26,379
    Sturm Ruger & Co Inc 21,342 21,342
    Tejon Ranch Co 14,226 14,226
    Tempur Sealy International Inc 24,983 24,983
    Tenet Healthcare Corp 21,102 21,102
    Tredegar Corp Virginia 15,413 15,413
    Value Click Inc 10,306 10,306
    White Mountains Insurance Group LTD 15,680 15,680
    World Fuel Services Corp 9,064 9,064
    WT08 16 Tehon Ranch 318 318
    Allstate Corp 128,250 128,250
    Citigroup Inc 7.125 129,700 129,700
    Citybank Inc 6.875 63,350 63,350
    Morgan Stanley 6.875 125,150 125,150
    Wells Fargo & Co 6.625 64,300 64,300

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    901,588
    State & Local Government Securities - End of Year Fair Market Value:


    901,588


    TY 2013 InvestmentsOtherSchedule2
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Ridgeworth High Income Fund FMV 632,233 632,233
    iShares Russell 1000 FMV 3,842,773 3,842,773
    IVA Worldwide Fund FMV 3,519,780 3,519,780
    First Eagle Gold Fund FMV    
    Matthews Asian Growth Fund FMV 795,144 795,144
    Matthews Pacific Tiger FMV 796,761 796,761
    Oppenheimer Developing Markets Fund FMV 1,425,222 1,425,222
    PIMCO Fixed Income Shares FMV    
    Templeton Global Bond Fund FMV 1,775,501 1,775,501
    PIMCO Commodity Real Return FMV 1,193,314 1,193,314
    First Eagle Global FMV 3,206,260 3,206,260
    Eaton Vance Floating Rate Fund FMV 370,220 370,220
    Ridgeworth High Income Fund FMV    
    Eaton Vance Floating Rate Fund FMV    
    Templeton Global Bond Fund FMV    
    iShares Gold FMV 269,808 269,808
    Czech II Senior Loan FMV 126,956 126,956
    CSP III Distressed Opp Fund FMV 201,810 201,810
    Pimco All Asset Fund FMV 189,855 189,855
    iShares MSCI EAFE FMV 454,904 454,904
    Pimco Total Return FMV 1,023,969 1,023,969
    Sirios Access LTD FMV 300,000 300,000
    GSO Mezzanine Finance Fund FMV 123,900 123,900
    Ascend Access LTD FMV 930,414 930,414
    Brevan Howard Multi-Strategy FMV 1,093,676 1,093,676
    Carlson Double Black Diamond FMV 1,463,112 1,463,112
    OZOFII Access LTD FMV 1,822,238 1,822,238
    ML Winton Futures Access FMV 519,176 519,176
    SLP IV Techloogy Fund FMV 50,000 50,000
    Privately Held Investments FMV 74,090,090 74,090,090

    TY 2013 LegalFeesSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal 154,475 0 0 154,475


    TY 2013 OtherAssetsSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Mediconnect escrow 292,289 89,763 89,763
    Pending securities trades   2,774 2,774
    Program related investments   875,000 875,000


    TY 2013 OtherExpensesSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank charges 142      
    Dues & Subscriptions 152      
    Insurance 5,105      
    Licenses & Fees 64      
    Postage 95      
    Telephone 47      


    TY 2013 OtherIncreasesSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Description Amount
    Transfer from Original Sorenson Legacy Foundation 3,346,804


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management 306,384 306,384 0 0


    TY 2013 TaxesSchedule
    Name:
    Sorenson Impact Foundation
    EIN: 45-3203840
    Software ID:13000170
    Software Version:2013v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Tax 51,500      
    Foreign Taxes 1,457 1,457