2025-11-13T13:18:40+00:00 2024-12-31 440160260 Forvis Mazars LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2024-01-01 926155360 University Impact Charitable Trust UNIV 3172362167 3507 N UNIVERSITY AVE SUITE 125 PROVO UT 84604 DANIEL BLAKE TRUSTEE 3852865900 2025-11-13 true Adam R Smith P00958966 7194714290 2025-11-13 2024 2025-03-06 01:10:19Z DANIEL BLAKE 3507 N UNIVERSITY AVE SUITE 125 PROVO UT 84604 31773146 false X X 2022 UT The Charitable Trust's charitable purposes include accepting donations of business interests, liquidating those interests, and granting those funds to its supported organization, University Impact. 3 0 0 3 8501638 4155286 3650050 17726238 0 0 4509935 8501638 0 0 8159985 26227876 2852766 8203676 0 0 0 0 0 630136 1325820 3482902 9529496 4677083 16698380 128254 8459935 0 0 128254 8459935 The Charitable Trust's charitable purposes include accepting donations of business interests, liquidating those interests, and granting those funds to its supported organization, University Impact. false false 8203676 8203676 Accepting donations of business interests 8203676 true true false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false true false false false false true 0 0 0 true true false false false false false true 0 false false false false false X 3 0 true true false false false false false true true false false false false true true true true true true false true true UT X DANIEL BLAKE 8019952009 3507 N UNIVERSITY AVE STE 125 PROVO UT 84604 X DANIEL BLAKE TRUSTEE 1.0 40.0 X X 0 0 0 HYRUM GRENNY TRUSTEE 1.0 40.0 X 0 0 0 JACOB LUNDSKOG TRUSTEE (PART YEAR) 1.0 40.0 X 0 0 0 JOELLEN NICHOLSON TRUSTEE (THROUGH JANUARY 2024) 1.0 40.0 X 0 0 0 0 0 0 0 false false false 0 17726238 17726238 17726238 0 0 0 0 0 5483963 5483963 0 0 8562945 5545270 0 3017675 3017675 3017675 0 0 0 0 0 0 26227876 0 8501638 0 8203676 8203676 0 0 0 0 FEDERAL, STATE, AND OTHER INCOME TAXES 1325820 1325820 0 0 0 0 9529496 8203676 1325820 0 128254 445135 0 0 0 0 0 0 0 0 0 8014800 0 0 0 128254 8459935 0 0 0 0 0 0 X 128254 8459935 128254 8459935 128254 8459935 X 16698380 77139 -8443838 X false true true false X X X 1 UNIVERSITY IMPACT 821504018 7 true 5041510 0 1 5041510 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Closely-held equity interests Financial derivatives HURRICANE FAMILY PHARMACY, INC 3594800 F SWEETGRASS PHARMACY CAROLINA PARK, LLC 4420000 F 8014800 true UNIVERSITY IMPACT 3507 N UNIVERSITY AVE STE 125 PROVO UT 84604 821504018 501(C)(3) 5041510 TO SUPPORT ORGANIZATION Church of Jesus Christ of Latter Day Saints 50 EAST NORTH TEMPLE ST SALT LAKE CITY UT 84150 870234341 501(C)(3) 3162166 TO SUPPORT ORGANIZATION 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The Trust is intended to support, to perform the functions of, and to further the Charitable Purposes of, University Impact, a Utah nonprofit corporation with a principal place of business in Provo, Utah. Grants to University impact are approved by designated trustees, with transactions initiated and monitored by the shared accounting team for University Impact Charitable Trust and University Impact. 28 17726238 Market value 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions UI VENTURES HAS BEEN EMPLOYED TO MANAGE THESE TRANSACTIONS. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Closely held stock - THE NUMBER REPORTED IS THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF OWNERSHIP INTERESTS CONTRIBUTED. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Daniel Blake, Joellen Nicholson, and Hyrum Grenny - Business relationship Form 990, Part VI, Line 3 Delegation of management duties UNIVERSITY IMPACT CHARITABLE TRUST'S MANAGEMENT IS PARTIALLY OUTSOURCED TO UI VENTURES, LLC. DANIEL BLAKE, UNIVERSITY IMPACT CHARITABLE TRUST TRUSTEE SERVES AS CEO OF UI VENTURES, WHERE HE IS ALSO A PARTIAL OWNER. JOELLEN NICHOLSON, UNIVERSITY IMPACT CHARITABLE TRUST TRUSTEE, WORKED AS A SENIOR VP FOR UI VENTURES. HYRUM GRENNY, UNIVERSITY IMPACT CHARITABLE TRUST TRUSTEE, WORKED AS A DIRECTOR FOR UI VENTURES. UNIVERSITY IMPACT CHARITABLE TRUST GRANTED FUNDS TO UNIVERSITY IMPACT. UNIVERSITY IMPACT CHARITABLE TRUST DID NOT COMPENSATE UI VENTURES, BUT UNIVERSITY IMPACT PAID UI VENTURES $2,294,003 FOR MANAGEMENT SERVICES OF BOTH ENTITIES DURING THE TAX YEAR. UI VENTURES COMPENSATED THESE PEROSN FOR THEIR SERVICES TO BOTH ORGANIZATIONS DURING THE TAX YEAR. DANIEL BLAKE WAS COMPENSATED $149,448 FOR HIS SERVICES AS CEO, JOELLEN NICHOLSON WAS COMPENSATED $29,722 FOR HER SERVICES AS SENIOR VP, AND HYRUM GRENNY WAS COMPENSATED $95,409 FOR HIS SERVICES AS A DIRECTOR. Form 990, Part VI, Line 11b Review of form 990 by governing body ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE TRUSTEES WILL REVIEW THE FORM 990 AND MAKE ANY COMMENTS OR SUGGESTED CHANGES VIA EMAIL. Form 990, Part VI, Line 12c Conflict of interest policy PROCESS FOR MONITORING CONFLICT OF INTEREST POLICY: EACH KEY MEMBER PARTICIPATING IN DECISIONS RELATED TO FUND ALLOCATION, GRANT SELECTIONS, AND INVESTMENT DECISIONS ARE ASKED ON AN ANNUAL BASIS TO DISCLOSE ANY CONFLICTS OF INTEREST. THE TRUSTEES EVALUATES WHETHER A CONFLICT EXISTS. IF A POTENTIAL CONFLICT IS IDENTIFIED, THE TRUSTEES CONDUCTS A REVIEW TO DETERMINE THE SIGNIFICANCE OF THE CONFLICT. IF A CONFLICT DOES EXIST, THE PERSON WITH THE CONFLICT WILL ABSTAIN FROM VOTING, BE RECUSED FROM DISCUSSIONS, MODIFY PARTICIPATION IN SPECIFIC MATTERS, OR ANY NECESSARY ACTION TO ENSURE THE INTEGRITY OF THE DECISION-MAKING PROCESS AND PROTECT THE ORGANZATION'S INTEREST. TO PREVENT TRANSACTIONS ABOVE FAIR MARKET VALUE (FMV), TRANSACTIONS INVOLVING DISQUALIFIED INDIVIDUALS OR THOSE WITH A CONFLICT OF INTEREST ARE ASSESSED THROUGH THIRD PARTY VALUATIONS CONDUCTED BY QUALIFIED APPRAISERS TO DETERMINE FMV ACCURATELY OR IN CERTAIN CASES, MULTIPLE MARKET AND INDUSTRY EXAMPLES ARE REQUIRED TO DEMONSTRATE THAT THE TRANSACTION AND OTHER TERMS ARE FAIR AND STANDARD WITHIN THE RELEVANT MARKET AND INDUSTRY. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION FOR INDIVIDUALS SERVING IN THE TOP MANAGEMENT POSITIONS INCLUDE A THOROUGH REVIEW AND APPROVAL BY THE TRUSTEES. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS DISCLOSURE: THE TAX RETURNS, FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances REVERSE K-1 UNRELATED BUSINESS INCOME NOT RECORDED ON BOOKS - -8443838; Total - -8443838; University Impact 3507 N UNIVERSITY AVE STE 125 PROVO UT 84604 821504018 Training Students, Donor Advised Funds, Fiscal Sponsorship UT 501(c)(3) 7 NA false UI VENTURES LLC 3305 N UNIVERSITY AVE STE 275 PROVO UT 84604 851001385 INVESTMENT MANAGEMENT UT NA N/A WGAM LLC 2802 WINTER OAK WAY HERNDON VA 20171 921094252 WHOLESALE MIRROR & GLASS VA NA N/A MRS CP LLC 2515 VINTAGE PLACE CIRCLE DALLAS TX 75234 920770924 COLLECTIONS TX NA N/A LITCHFIELD MOONDANCE LLC 546 PARKER DRIVE PAWLEYS ISLAND SC 29585 873951662 DANCE SC NA N/A false true false false false false false false false false false false true true true true false true false