James Sorenson makes $13 million gift to University of Utah

Published: Tuesday, Jan. 29 2013 4:00 a.m. MST

He also helped to develop several new industry categories, including digital compression software that helped usher in the online video revolution at Sorenson Media, and video relay services that transformed opportunities for deaf and hard of hearing individuals through Sorenson Communications.

"It is an honor to participate in this venture, which has the potential to effect genuine societal change and improve the quality of life for countless individuals throughout the world," said Sorenson. "On a personal level, this center is an opportunity to apply on a greater scale the lessons I learned about high-impact societal change."

“Impact investing is all about … “blended values” — not only financial returns, but also social returns,” Sorenson said.

E-mail: jlee@desnews.com

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