Savage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEEDHAM, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 18 grants totaling $219K. Net investment income was $424K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.5M
+8.8% YoY
Annual Giving
$219K
+18.7% YoY
Grant Count
18
+28.6% YoY
Avg Grant Size
$12K
-7.7% YoY
Under IRS private-foundation payout rules, Savage Family Foundation reported a distributable amount of $203K for 2025 — the minimum it must pay out in qualifying distributions.
About Savage Family Foundation
Based on IRS filings
Savage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEEDHAM, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 18 grants totaling $219K. Net investment income was $424K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,522,653 | $3,238,533 | $3,206,978 |
| Revenue | $530,555 | $251,718 | $110,716 |
| Expenses | $254,116 | $218,814 | $188,657 |
| Qualifying Distributions | $242,200 | $207,691 | $171,781 |
| Net Investment Income | $423,938 | $145,894 | $54,656 |
| Distributable Amount | $203,176 | $188,256 | $173,693 |
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 2025
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Maine Central Institute ($50,000), Waldo County YMCA ($20,000), University of Maine ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Community Art Center Cambridge, MA | General Charitable | $6,000 |
| Girls Inc Lynn, MA | General Charitable | $7,500 |
| Penobscot Marine Museum Searport, ME | General Charitable | $5,000 |
| Project Step Boston, MA | General Charitable | $5,000 |
| Raw Arts Lynn, MA | General Charitable | $7,500 |
| Waldo County YMCA Belfast, ME | General Charitable | $20,000 |
| Boston Medical Center Boston, MA | General Charitable | $16,667 |
| Maine Central Institute Pittsfield, ME | General Charitable | $50,000 |
| University of Maine Orono, ME | General Charitable | $20,000 |
| New England Baptist Hospital Boston, MA | General Charitable | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James B Savage | President/Dir | — | — |
| Jennifer S McLean | Director | — | — |
| Thomas W Savage | Vice Pres/Dir | — | — |
| Sally B Savage | Director | — | — |
| Michael T Savage | Treas/Dir | — | — |
| Priscilla B Savage | Director | — | — |
| Andrew T Savage | Sec/Dir | — | — |
| Julie A Savage | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Savage Family Foundation?
Savage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEEDHAM, MA. It holds $3.5M in total assets as of 2025.
How large is Savage Family Foundation?
As of 2025, Savage Family Foundation holds $3.5M in total assets with $531K in annual revenue. It awarded 18 grants totaling $219K in 2025.
Where does Savage Family Foundation operate?
Savage Family Foundation has awarded grants in Florida, Massachusetts, Maine, Oregon, Pennsylvania.
What size grants does Savage Family Foundation award?
In 2025, Savage Family Foundation awarded 18 grants totaling $219K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Savage Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Savage Family Foundation reported a distributable amount of $203K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Savage Family Foundation's EIN?
Savage Family Foundation's EIN (Employer Identification Number) is 04-3492839. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Savage Family 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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