The Jensen Family Charitable Foundation
EIN 872514602 Private FoundationAbout
We respectfully request that The Jensen Family Charitable Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $151 penalty indicated on Form 2220 be abated because the underpayment in Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payment for Q4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2021 | N/A | $833K | $823K | N/A |
| 2022 | $28K | $1.5M | $875K | 24 |
| 2023 | $67K | $2.6M | $906K | 21 |
| 2024 | $137K | $3.7M | $927K | 40 |
Grant Size Distribution
Based on 85 grants on record
Geographic Distribution
Texas Counties Served
Top 1 counties
- 1 Travis
Officers & Directors
Grants Awarded (85 total)
| Purpose | ||||
|---|---|---|---|---|
| University of Colorado Foundation | Denver, CO | $40,000 | Laura M. Jensen Memory Care Endowed Fund | 2024 |
| Childrens Hospital Colorado | Denver, CO | $25,000 | Developmental Pediatrics Family Support Fund | 2023 |
| Childrens Hospital Colorado | Denver, CO | $20,000 | Support for Unstuck and On Target | 2024 |
| University of Colorado Foundation | Denver, CO | $15,000 | Johnson Depression Center Community Programs | 2024 |
| University of Colorado Foundation | Denver, CO | $10,000 | Dementia Care Initiative Fund | 2023 |
| Regis Jesuit High School | Aurora, CO | $10,000 | General & Unrestricted | 2024 |
| Mountain Phoenix Community School Foundation | Wheat Ridge, CO | $8,000 | General & Unrestricted | 2023 |
| Mountain Phoenix Community School Foundation | Wheat Ridge, CO | $8,000 | General & Unrestricted | 2022 |
| Pi Kappa Alpha Foundation | Memphis, TN | $6,000 | The President's Council and Alpha Nu Chapter Endowment Fund | 2024 |
| Regis Jesuit High School | Aurora, CO | $5,000 | General & Unrestricted | 2023 |
| The Kindness Ranch Animal Sanctuary | Hartville, WY | $5,000 | Dog yurt renovations | 2024 |
| Denver Academy Inc | Denver, CO | $4,000 | General & Unrestricted | 2024 |
| Wheeler Lake Association | Lakewood, WI | $3,500 | General & Unrestricted | 2024 |
| The University of Texas at Austin | Austin, TX | $2,008 | General & Unrestricted | 2023 |
| Dress for Success Denver | Denver, CO | $2,000 | General & Unrestricted | 2024 |
| Marine Toys for Tots | Springfield, MO | $2,000 | General & Unrestricted | 2024 |
| Mountain Phoenix Community School Foundation | Wheat Ridge, CO | $2,000 | Charitable Event | 2024 |
| Mountain Phoenix Community School Foundation | Wheat Ridge, CO | $2,000 | General & Unrestricted | 2024 |
| Beagle Freedom Project | Valley Village, CA | $1,500 | General & Unrestricted | 2023 |
| Colorado Mountain Bike Association | Lakewood, CO | $1,500 | General & Unrestricted | 2023 |
| Denver Dumb Friends League | Denver, CO | $1,500 | General & Unrestricted | 2023 |
| Mothers Demand Action Corporation | North Haven, CT | $1,500 | General & Unrestricted | 2023 |
| The Kindness Ranch Animal Sanctuary | Hartville, WY | $1,500 | General & Unrestricted | 2023 |
| Volunteers of America Inc | Denver, CO | $1,500 | General & Unrestricted | 2023 |
| Colorado Helping Hub | Parker, CO | $1,500 | General & Unrestricted | 2024 |
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