The Richard W. Sorenson Family Foundation concentrates its giving in higher education and health care, providing substantial program support to a small number of organizations. Most dollars are directed to Babson College through repeated, multi-grant commitments, while the remainder supports hospitals and health systems—largely in Florida—reflecting a mix of national higher-education interest and local healthcare philanthropy.
Concentrated giving: few, relatively large grants with repeat funding to a primary grantee (Babson College) and selective, one-off gifts to healthcare organizations; emphasis on program/general support rather than many small awards.
Notable grantees: Babson College, Cleveland Clinic Martin Health, Holy Cross Hospital
Richard W Sorenson Family Foundation Inc has made Babson College a clear center of its recent giving, awarding $500,000 in each of 2023, 2024, and 2025 to support the college’s programs and activities. That repeated commitment stands out alongside a smaller but still visible pattern of support for Florida health systems and hospitals, including Cleveland Clinic Martin Health, Holy Cross Hospital, and Cleveland Clinic Martin Health Foundation. The foundation’s recent grants show a preference for program support to established institutions rather than one-off, project-specific awards. Its giving reaches beyond higher education and health care as well, with grants to Grand Teton National Park Foundation, Kingswood Oxford School, Memorial Sloan Kettering, Friends of Bridger Teton National Forest, and Abandoned Pet Rescue. The result is a portfolio that mixes a sustained relationship with one college and a broader set of institutional grants across education, health, conservation, and community services.
Higher education is the foundation’s most prominent theme, anchored by repeated $500,000 grants to Babson College for the organization’s programs and activities in 2023, 2024, and 2025. In health care, it supported Cleveland Clinic Martin Health with a $200,000 grant in 2025 and gave $50,000 in both 2023 and 2024 to Cleveland Clinic Martin Health Foundation for programs and activities. The foundation also backed Holy Cross Hospital with $60,000 in 2023. Beyond those core areas, it funded conservation through three grants to Grand Teton National Park Foundation, including $25,000 in 2024 and $20,000 in both 2023 and 2025, and it supported community animal welfare with $2,500 grants to Abandoned Pet Rescue in 2023 and 2024.
Typical awards are in the mid-five-figure range, with a p25 of $17,500, a median of $25,000, and a p75 of $55,000. The recent record also shows clear repetition: Babson College received grants in three consecutive years, Cleveland Clinic Martin Health Foundation in two years, Grand Teton National Park Foundation in three years, Kingswood Oxford School in two years, and Abandoned Pet Rescue in two years. The foundation does not fund individuals and does not make program-related investments. The grant descriptions consistently indicate support for organizations’ programs and activities, with many awards functioning as general program support to established institutions.
$740K
$9.7M
$700K
$762K
Most grants fall between $18K and $55K, with a median of $25K.
25th Percentile
$18K
Median
$25K
75th Percentile
$55K
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Grant recipients are entirely U.S.-based, and 45% of grants go to recipients in Florida. Florida organizations in the recent list include Cleveland Clinic Martin Health in Stuart, Holy Cross Hospital in Fort Lauderdale, and Abandoned Pet Rescue in Fort Lauderdale. Outside Florida, the foundation gives to Babson College in Babson Park, Massachusetts; Kingswood Oxford School in West Hartford, Connecticut; Memorial Sloan Kettering in New York, New York; and Wyoming organizations in Moose and Jackson.
The recent grants point to higher education, health care, conservation, and community services. Babson College received $500,000 in each of 2023, 2024, and 2025, while Florida health institutions such as Cleveland Clinic Martin Health and Holy Cross Hospital also received support. The list also includes Grand Teton National Park Foundation and Abandoned Pet Rescue.
The foundation’s grant-size distribution centers in the mid-five figures. The p25 is $17,500, the median is $25,000, and the p75 is $55,000. Recent awards range from $2,500 to $500,000, showing both smaller community grants and much larger institutional commitments.
Yes. The recent grant list shows repeated support to several organizations across multiple years. Babson College received three consecutive $500,000 grants from 2023 through 2025, Grand Teton National Park Foundation received grants in 2023, 2024, and 2025, and Kingswood Oxford School and Abandoned Pet Rescue each received grants in two different years.
Florida is the top state by grant count, with 45% of grants going to recipients there. Recent Florida recipients include Cleveland Clinic Martin Health in Stuart, Holy Cross Hospital in Fort Lauderdale, and Abandoned Pet Rescue in Fort Lauderdale. The recipient country distribution is entirely U.S.-based.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| BABSON COLLEGE | BABSON PARK, MA | $500,000 | 2025 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| CLEVELAND CLINIC MARTIN HEALTH | STUART, FL | $200,000 | 2025 | SUPPORT ORGANIZATION'S |
| GRAND TETON NATIONAL PARK FOUNDATION | MOOSE, WY | $20,000 | 2025 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| KINGSWOOD OXFORD SCHOOL | WEST HARTFORD, CT | $10,000 | 2025 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| FRIENDS OF BRIDGER TETON NATIONAL FOREST | JACKSON, WY | $10,000 | 2025 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| BABSON COLLEGE | BABSON PARK, MA | $500,000 | 2024 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| CLEVELAND CLINIC MARTIN HEALTH FOUNDATION | STUART, FL | $50,000 | 2024 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| GRAND TETON NATIONAL PARK FOUNDATION | MOOSE, WY | $25,000 | 2024 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| ABANDONED PET RESCUE | FT LAUDERDALE, FL | $2,500 | 2024 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| BABSON COLLEGE | BABSON PARK, MA | $500,000 | 2023 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| HOLY CROSS HOSPITAL | FT LAUTERDALE, FL | $60,000 | 2023 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| CLEVELAND CLINIC MARTIN HEALTH FOUNDATION | STUART, FL | $50,000 | 2023 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| KINGSWOOD OXFORD SCHOOL | WEST HARTFORD, CT | $25,000 | 2023 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| GRAND TETON NATIONAL PARK FOUNDATION | MOOSE, WY | $20,000 | 2023 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| MEMORIAL SLOAN KETTERING | NEW YORK, NY | $15,000 | 2023 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
| ABANDONED PET RESCUE | FT LAUTERDALE, FL | $2,500 | 2023 | SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES |
CLEVELAND CLINIC MARTIN HEALTH
$200,000SUPPORT ORGANIZATION'S
SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
KINGSWOOD OXFORD SCHOOL
$10,000SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
CLEVELAND CLINIC MARTIN HEALTH FOUNDATION
$50,000SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
ABANDONED PET RESCUE
$2,500SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
CLEVELAND CLINIC MARTIN HEALTH FOUNDATION
$50,000SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
KINGSWOOD OXFORD SCHOOL
$25,000SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
MEMORIAL SLOAN KETTERING
$15,000SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
ABANDONED PET RESCUE
$2,500SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES