Alpha Wealth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARK CITY, UT. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $585K in total assets. In 2024, it awarded 3 grants totaling $10K. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$585K
+286.4% YoY
Annual Giving
$10K
+198.6% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$3K
-0.5% YoY
Under IRS private-foundation payout rules, Alpha Wealth Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Alpha Wealth Foundation
Based on IRS filings
Alpha Wealth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARK CITY, UT. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $585K in total assets. In 2024, it awarded 3 grants totaling $10K. Net investment income was $26K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $585,199 | $151,462 | $63,272 |
| Revenue | $580,640 | $91,778 | $76,508 |
| Expenses | $19,392 | $6,838 | $13,236 |
| Qualifying Distributions | $10,185 | $3,779 | $11,125 |
| Net Investment Income | $26,001 | — | — |
| Distributable Amount | $7,688 | $5,311 | $3,376 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wasatch Contemporary Dance Co ($6,000), National Scleroderma Foundation ($2,505), SALT Contemporary Dance ($1,200).
| Recipient | Purpose | Amount |
|---|---|---|
| Wasatch Contemporary Dance Co Provo, UT | General Financial Support | $6,000 |
| SALT Contemporary Dance Salt Lake City, UT | General Financial Support | $1,200 |
| National Scleroderma Foundation Pompano Beach, FL | General Financial Support | $2,505 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Harvey Sax | Director | 1 | — |
| Chase Thomas | Director | 1 | — |
| Michael Torrence | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Alpha Wealth Foundation?
Alpha Wealth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARK CITY, UT. It holds $585K in total assets as of 2024.
How large is Alpha Wealth Foundation?
As of 2024, Alpha Wealth Foundation holds $585K in total assets with $581K in annual revenue. It awarded 3 grants totaling $10K in 2024.
Where does Alpha Wealth Foundation operate?
Alpha Wealth Foundation has awarded grants in Florida, Utah.
What size grants does Alpha Wealth Foundation award?
In 2024, Alpha Wealth Foundation awarded 3 grants totaling $10K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Alpha Wealth Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alpha Wealth Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Alpha Wealth Foundation's EIN?
Alpha Wealth Foundation's EIN (Employer Identification Number) is 92-0257161. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Alpha Wealth Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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