Neal and Sherrie Savage Family Foundation
The Neal and Sherrie Savage Family Foundation is a private foundation established in 2000, based in Midvale, Utah. It operates as a 501(c)(3) organization and functions as a grantmaking entity supporting various charitable causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$233K
-96.7% YoY
Annual Giving
$19.6M
+6297.1% YoY
Grant Count
28
+7.7% YoY
Avg Grant Size
$699K
+5840.2% YoY
Under IRS private-foundation payout rules, Neal and Sherrie Savage Family Foundation reported a distributable amount of $305K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports general and unrestricted charitable causes, with a particular emphasis on education. Notable funding areas include scholarship programs for higher education students, specifically the Woodbury School of Business/Neal & Sherrie Savage Family Scholarship Fund administered through Utah Valley University.
Grantmaking
The foundation made 12 grants in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation operates in Utah, with a base in Midvale.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Summary:
- Total Revenues: $460,831
- Total Expenses: $19,599,235
- Total Assets: $232,539
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $232,539 | $6,980,943 | $6,941,378 |
| Revenue | $460,831 | $363,877 | $363,469 |
| Expenses | $19,599,235 | $324,312 | $554,742 |
| Qualifying Distributions | $19,592,867 | $319,112 | $547,142 |
| Net Investment Income | $460,801 | $363,868 | $363,466 |
| Distributable Amount | $305,401 | $461,390 | $405,040 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
114 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dechomai Asset Trust ($19,116,000), Utah Valley University ($200,000), Other Side Academy ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALPINE SCHOOL DISTRICT FOUNDATION AMERICAN FORK, UT | Emotional Support FUnd | $10,000 |
| ALPINE SCHOOL DISTRICT FOUNDATION AMERICAN FORK, UT | Polaris High School Fund | $4,000 |
| ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI CHICAGO, IL | Utah Chapter | $20,000 |
| AMERICAN FORK HIGH SCHOOL AMERICAN FORK, UT | General & Unrestricted | $1,000 |
| CITIES STRONG FOUNDATION SALT LAKE CTY, UT | General & Unrestricted | $10,000 |
| DARE TO DREAM PHILIPPINES FOUNDATION PROVO, UT | General & Unrestricted | $4,500 |
| DECHOMAI ASSET TRUST JACKSONVILLE, FL | General & Unrestricted (See General Explanation Attachment) | $19,116,000 |
| DR DALE B HULL FOUNDATION FOR NEUROLOGICAL REHABIL SANDY, UT | General & Unrestricted | $10,000 |
| EMBRACE OF CELEBRATION INC CELEBRATION, FL | General & Unrestricted | $10,000 |
| FRIENDS OF THE COALITION PROVO, UT | General & Unrestricted | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Melissa Ann Layton | Trustee | 1 | — |
| Malinda Savage Melville | Trustee | 1 | — |
| Anna R Savage | Trustee | 1 | — |
| Greggory James Savage | Pres, Trustee | 1 | — |
| Nathan N Savage | Sec, Treas, Trustee | 1 | — |
| Emilee Jayne Savage Wright | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Neal and Sherrie Savage Family Foundation fund?
The foundation supports general and unrestricted charitable causes, with a particular emphasis on education. Notable funding areas include scholarship programs for higher education students, specifically the Woodbury School of Business/Neal & Sherrie Savage Family Scholarship Fund administered through Utah Valley University.
How do I apply for a grant from Neal and Sherrie Savage Family Foundation?
The foundation made 12 grants in 2024. Recent grants include: • **Dechomai Asset Trust**: $19,116,000 (General & Unrestricted) • **Utah Valley University**: $200,000 (Woodbury School of Business Hope Scholars Savage Family Legacy Scholarship Fund) • **The Other Side Academy**: $30,000 (General & Unrestricted) The foundation has also supported Brigham Young University among other grantees.
Where does Neal and Sherrie Savage Family Foundation make grants?
The foundation operates in Utah, with a base in Midvale.
What size grants does Neal and Sherrie Savage Family Foundation award?
In 2024, Neal and Sherrie Savage Family Foundation awarded 28 grants totaling $19.6M — an average of about $699K per grant, based on its IRS Form 990 filings.
How much is Neal and Sherrie Savage Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Neal and Sherrie Savage Family Foundation reported a distributable amount of $305K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Neal and Sherrie Savage Family Foundation's EIN?
Neal and Sherrie Savage Family Foundation's EIN (Employer Identification Number) is 87-0651828. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Neal and Sherrie Savage Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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