Savage Family Foundation
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.
Key facts about Savage Family Foundation
- EIN
- 04-3492839
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $218,667
- Grants made (2025)
- 18
- Average grant
- $12,148
- Median grant
- $6,750
- New grantees (estimate)
- 28% first-time grantees (5 of 18, 2025)
- Total assets
- $3,522,653
- Primary geography
- Maine (54% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Savage Family Foundation funds
By grant dollars, the top recipient states for Savage Family Foundation's 18 itemized 2025 grants were Maine (54%) and Massachusetts (42%). The most frequent recipient cities were Boston, MA (4 grants) and Lynn, MA (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Savage Family Foundation open to new grantees?
28%
first-time grantees, 2025
In 2025, 5 of 18 grantees (28%) were first-time recipients. First grants averaged $8K; repeat grants $14K. How we count
Medians: $5K first-time, $8K repeat.
- 72% of 2025 grantees were also funded in 2024. Method
- Giving grew 29% from 2022 to 2025. Method
- In 2025 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Savage Family Foundation
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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
Share of all 18 itemized 2025 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 recipients include Maine Central Institute ($50,000), Waldo County YMCA ($20,000), University of Maine ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Maine Central Institute Pittsfield, ME | General Charitable | $50,000 |
| Waldo County YMCA Belfast, ME | General Charitable | $20,000 |
| University of Maine Orono, ME | General Charitable | $20,000 |
| New England Baptist Hospital Boston, MA | General Charitable | $20,000 |
| Northern Light Health Brewer, ME | General Charitable | $20,000 |
| Boston Medical Center Boston, MA | General Charitable | $16,667 |
| Bellforge Arts Center Madfield, MA | General Charitable | $12,500 |
| Girls Inc Lynn, MA | General Charitable | $7,500 |
| Raw Arts Lynn, MA | General Charitable | $7,500 |
| Community Art Center Cambridge, MA | General Charitable | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS 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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.