Kenneth C Savage Family Foundation

MIDVALE, UT EIN: 87-0651832

Kenneth C Savage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDVALE, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $209K in total assets. In 2024, it awarded 2 grants totaling $8.9M. Net investment income was $481K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$209K

-75.3% YoY

Annual Giving

$8.9M

+893800.0% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$4.5M

+446850.0% YoY

Under IRS private-foundation payout rules, Kenneth C Savage Family Foundation reported a distributable amount of $382K for 2024 — the minimum it must pay out in qualifying distributions.

About Kenneth C Savage Family Foundation

Based on IRS filings

Kenneth C Savage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDVALE, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $209K in total assets. In 2024, it awarded 2 grants totaling $8.9M. Net investment income was $481K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

States

Cities

HolladayJacksonvilleSalt Lake City

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$5M$7M$10M20202021202220232024
Metric202420232022
Total Assets$208,939$845,024$276,723
Revenue$481,236$572,291$563
Expenses$8,956,280$3,990$4,800
Qualifying Distributions$8,956,280$2,488$3,500
Net Investment Income$481,236$2,956
Distributable Amount$382,315$15,065$13,745

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$7M$9M1 grants20200 grants20212 grants20221 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

DECHOMAI ASSET TRUST A F…$7.8MCOMMUNITY FOUNDATION OF …$1.1M

Grant Size Distribution

6 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M1$1–5M1$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Dechomai Asset Trust a Florida Public Charitable 501(c)(3) Organization ($7,839,000), Community Foundation of Utah ($1,100,000).

RecipientPurposeAmount
COMMUNITY FOUNDATION OF UTAH SALT LAKE CITY, UTCHARITABLE GIVING THROUGH WORKING WITH NONPROFIT ORGANIZATIONS, BUSINESSES, AND INDIVIDUALS TO IDENTIFY AND SUPPORT SOLUTIONS TO THE MOST PRESSING NEEDS IN OUR COMMUNITY$1,100,000
DECHOMAI ASSET TRUST A FLORIDA PUBLIC CHARITABLE 501(C)(3) ORGANIZATION JACKSONVILLE, FLVARIOUS GRANTS MADE TO GENERAL FOUNDATIONS AND CHARTIES FOR GENERAL UNSOLICITED CHARITABLE PURPOSES.$7,839,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JOHN K SAVAGEPRESIDENT1
CAROLYN SAVAGE WRIGHTVICE PRESIDENT1
SHANNON SAVAGE MAGELBYTRUSTEE1
COLLEEN SAVAGE SMITHTRUSTEE1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Kenneth C Savage Family Foundation?

Kenneth C Savage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDVALE, UT. It holds $209K in total assets as of 2024.

How large is Kenneth C Savage Family Foundation?

As of 2024, Kenneth C Savage Family Foundation holds $209K in total assets with $481K in annual revenue. It awarded 2 grants totaling $8.9M in 2024.

Where does Kenneth C Savage Family Foundation operate?

Kenneth C Savage Family Foundation has awarded grants in Florida, Utah.

What size grants does Kenneth C Savage Family Foundation award?

In 2024, Kenneth C Savage Family Foundation awarded 2 grants totaling $8.9M — an average of about $4.5M per grant, based on its IRS Form 990 filings.

How much is Kenneth C Savage Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kenneth C Savage Family Foundation reported a distributable amount of $382K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Kenneth C Savage Family Foundation's EIN?

Kenneth C Savage Family Foundation's EIN (Employer Identification Number) is 87-0651832. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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