Saddle Foundation
Saddle Foundation is a private foundation, based in Ann Arbor, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $9.9M in total assets. In 2024, it awarded 7 grants totaling $1.6M. Net investment income was $2.5M.
Saddle Foundation at a glance
In short: Saddle Foundation gave $1.6M across 7 grants in 2024 (avg $230K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,608,333
- -19.9% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $229,762
- -8.5% vs 2023
- Median grant
- $250,000
- Total assets
- $9,929,842
- +9.3% vs 2023
- Primary geography
- California (61% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Saddle Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was YMCA of San Franciscoembarcadero ($350K). Together the top 7 received $1.6M.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was in the $100–250K range: 20 grants of 34 (59%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Saddle Foundation gives
- Giving grew 46% from 2021 to 2024. Method
- In 2024 it paid out 115% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $685K (2019) to $2.0M (2023). In 2024 it made 7 grants totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA of San Franciscoembarcadero San Francisco, CA | Use Consistent W/501(C)(3) Status | $350,000 |
| American Red Cross N CA Coastal Region San Francisco, CA | Use Consistent W501(C)(3) Status | $333,333 |
| Healthright 360 San Francisco, CA | Use Consistent W/501(C)(3) Status | $300,000 |
| Umrc Foundation - Howard S Holmes Endowment Fund Chelsea, MI | Use Consistent W/501(C)(3) Status | $250,000 |
| Mar Alliance Austin, TX | Use Consistent W/501(C)(3) Status | $150,000 |
| Main Street Park Alliance Chelsea, MI | Use Consistent W/501(C)(3) Status | $125,000 |
| Washtenaw 100 Inc Ann Arbor, MI | Use Consistent W/501(C)(3) Status | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,929,842 | $2,487,912 | $1,642,834 | $1,608,333 | 7 | $1,613,554 | $2,452,224 | $1,400,132 |
| 2023 | $9,084,764 | $1,716,847 | $2,061,825 | $2,008,333 | 8 | $2,016,475 | $1,708,642 | $1,225,275 |
| 2022 | $9,429,742 | $2,099,747 | $1,267,071 | $1,233,333 | 6 | $1,240,106 | $2,027,662 | $1,228,944 |
| 2021 | $8,597,066 | $1,588,171 | $1,124,816 | $1,103,000 | 6 | $1,107,312 | $1,384,189 | $1,266,382 |
| 2020 | $8,133,711 | $1,375,304 | $979,307 | $956,000 | 7 | — | $1,317,406 | $992,559 |
| 2019 | $7,737,714 | $1,344,844 | $743,070 | $685,000 | 7 | — | $1,171,843 | $967,119 |
Under IRS private-foundation payout rules, Saddle Foundation reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Saddle Foundation is led by Kathryn W. Holmes, Director, President, Secretary & Treasurer on every filing since 2019; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kathryn W. Holmes
Director, President, Secretary & Treasurer
On filings since 2019
No compensation reported
Howard Howdy S. Holmes
Director & Vice President
On filings since 2019
No compensation reported
Howard S. Holmes II
Director & Vice President
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Saddle Foundation
How much does Saddle Foundation give each year?
Saddle Foundation gave $1.6M across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.0M across 8 grants.
What is Saddle Foundation's typical grant size?
Saddle Foundation's median grant in 2024 was $250,000, and its average grant was $229,762, across 7 grants on its 2024 IRS Form 990-PF.
Where does Saddle Foundation give grants?
Saddle Foundation gives mostly in California: 61% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Michigan (30%) and Texas (9%). The most frequent recipient cities were San Francisco, CA (3 grants) and Chelsea, MI (2 grants).
Does Saddle Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Saddle Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Use Consistent W/501(C)(3) Status" (6 grants).
Who are Saddle Foundation's largest grantees?
Saddle Foundation's largest 2024 grantees include YMCA of San Franciscoembarcadero ($350,000), American Red Cross N CA Coastal Region ($333,333) and Healthright 360 ($300,000), according to its 2024 IRS Form 990-PF. Together they received 61% of its itemized 2024 grant dollars.
How large is Saddle Foundation?
Saddle Foundation reported $9.9M in total assets on its 2024 IRS Form 990-PF. It paid out $1.6M in qualifying distributions that year, against a required minimum of $1.4M (roughly 5% of its investment assets).
What is Saddle Foundation's EIN?
Saddle Foundation's EIN (Employer Identification Number) is 38-3347262. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 27, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Added Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 4, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Saddle Foundation's focus areas in our free grants database
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