Sara & Robert Savage Charitable Foundation
The Sara & Robert Savage Charitable Foundation is a private foundation based in New York, NY, established in 2004 and tax-exempt since March 2009. The foundation operates as a 501(c)(3) organization with no employees and maintains a low public profile, not accepting unsolicited proposals.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22K
Annual Giving
$1.4M
Grant Count
9
Avg Grant Size
$154K
Under IRS private-foundation payout rules, Sara & Robert Savage Charitable Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds grantmaking related to three core areas:
- Education & Youth: Support for higher education institutions and youth-focused programs, including schools and educational nonprofits
- Health: Funding for medical institutions and health-related organizations, with particular emphasis on public health and access
- Environment: Support for land conservation and environmental protection organizations
Grantmaking
The foundation does not accept unsolicited proposals. Prospective grantees are advised to network with foundation leadership.
Grant Range
& Activity:**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, Connecticut, and Rhode Island.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending November 2022:
- Total Assets: $261,851
- Total Revenues: $1,219,243
- Total Expenses: $1,929,100
- Total Grants, Contributions, etc.: $659,739
- Investment Income and Dividends: $6,705
- Number of Employees: 0
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $22,221 | $261,851 | $1,531,778 |
| Revenue | $595,855 | $1,219,243 | $1,649,774 |
| Expenses | $1,386,750 | $1,929,100 | $1,172,950 |
| Qualifying Distributions | $1,386,750 | $1,929,100 | — |
| Net Investment Income | $24,958 | $559,504 | $964,253 |
| Distributable Amount | $24,153 | $54,576 | $31,950 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Brown University ($1,288,250), Taft School Annual Fund ($50,000), Asap ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BROWN UNIVERSITY PROVIDENCE, RI | UNRESTRICTED | $1,288,250 |
| Taft School Annual Fund Watertown, CT | Unrestricted | $50,000 |
| ASAP Albany, NY | Unrestricted | $30,000 |
| Compass Zambia BONSALL, CA | UNRESTRICTED | $2,500 |
| Radical Hope Inc Concord, MA | UNRESTRICTED | $1,000 |
| Fund for the City of New York Inc New York, NY | UNRESTRICTED | $5,000 |
| Planned Parenthood of Greater New York Inc New York, NY | UNRESTRICTED | $2,500 |
| Physicians for Reproductive Health Hartsdale, NY | UNRESTRICTED | $2,500 |
| Ferrodonna Features Inc Bridgewater, CT | UNRESTRICTED | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Robert F. Savage Jr. - Co-founder and steerer of the foundation. He is a graduate of Brown University (A.B. in urban studies and business economics) and co-founder of KTR Capital Partners. He is also co-owner of EWI Investors and was previously a partner at Hudson Bay Partners. Savage serves as a member of the board of trustees of Mount Sinai Medical Center in New York.
Sara Savage - Co-founder and steerer of the foundation. She is a lawyer turned interior designer and an active alumna of Brown University, where she serves on several boards. She is also an alumna of Columbia Law School and has served on the board of directors of ASAP!, a nonprofit children's arts program.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT SAVAGE JR | PRES./TREASURER | 1 | — |
| SARA BETH SAVAGE | VP/SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Sara & Robert Savage Charitable Foundation fund?
The foundation primarily funds grantmaking related to three core areas: • **Education & Youth**: Support for higher education institutions and youth-focused programs, including schools and educational nonprofits • **Health**: Funding for medical institutions and health-related organizations, with particular emphasis on public health and access • **Environment**: Support for land conservation and environmental protection organizations
How do I apply for a grant from Sara & Robert Savage Charitable Foundation?
**Grant Range & Activity:** • Grants typically range from $100 to $232,000 • The foundation made 30 grants in fiscal year 2022 • Recent annual giving has been approximately $586,000 to $1.9 million **Recent Major Grants (2022):** • Brown University: $1,250,000 (unrestricted) • Icahn School of Medicine at Mount Sinai: $530,000 (unrestricted) • University of Richmond: $25,000 (unrestricted) **Application Process:** The foundation does not accept unsolicited proposals. Prospective grantees are adv…
Where does Sara & Robert Savage Charitable Foundation make grants?
The foundation primarily funds organizations in New York, Connecticut, and Rhode Island.
What size grants does Sara & Robert Savage Charitable Foundation award?
In 2024, Sara & Robert Savage Charitable Foundation awarded 9 grants totaling $1.4M — an average of about $154K per grant, based on its IRS Form 990 filings.
How much is Sara & Robert Savage Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sara & Robert Savage Charitable Foundation reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sara & Robert Savage Charitable Foundation's EIN?
Sara & Robert Savage Charitable Foundation's EIN (Employer Identification Number) is 20-2057938. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sara & Robert Savage Charitable 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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