Steve & Delores Sarovich Foundation
The Steve & Delores Sarovich Foundation is a grantmaking foundation that supports educational and arts-related initiatives. The foundation has established scholarship programs and made grants to support music and fine arts education.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+0.2% YoY
Annual Giving
$88K
-14.4% YoY
Grant Count
39
+11.4% YoY
Avg Grant Size
$2K
-23.2% YoY
Under IRS private-foundation payout rules, Steve & Delores Sarovich Foundation reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include fine arts and music education. The foundation has demonstrated a commitment to supporting music programs and scholarships for students pursuing music and fine arts disciplines.
Grantmaking
The foundation has established the Fine Arts Scholarship in Memory of Delores Sarovich at North Central College. This scholarship awards $1,500 to incoming first-year and transfer students majoring or minoring in music, with eligible programs including:
Review Cycle
is May 1, 2026, and applicants are automatically considered based on their completed General Application.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,397,370 | $1,394,016 | $1,557,000 |
| Revenue | $110,757 | $-41,028 | $181,085 |
| Expenses | $107,396 | $116,389 | $125,463 |
| Qualifying Distributions | $88,163 | $102,974 | $101,701 |
| Net Investment Income | $110,757 | $52,724 | $181,085 |
| Distributable Amount | $96,601 | $99,049 | $101,172 |
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
220 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Evans Scholar Foundation ($25,000), Holy Ressurection Serbian Orthodox Cathedral ($12,500), St Paul Antiochan Orthodox Church ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BREAD OF LIFE FOOD PANTRY INDIANAPOLIS, IN | EDUCATION & HEALTH | $100 |
| CAREER & NETWORKING CENTER NAPERVILLE, IL | EDUCATION | $500 |
| DUPAGE FOUNDATION DOWNERS GROVE, IL | ARTS, EDUCATION, ENVIRONMENT, HEALTH & HUMAN SERVICES | $250 |
| EVANS SCHOLAR FOUNDATION GLENVIEW, IL | SCHOLARSHIP PROGRAMS | $25,000 |
| EXPONENT PHILANTHROPY WASHINGTON, DC | PHILANTHROPY RESOURCES | $830 |
| GRAND LODGE F & AM OF WISCONSIN DOUSMAN, WI | COMMUNITY SERVICE | $1,000 |
| HOLY RESSURECTION SERBIAN ORTHODOX CATHEDRAL CHICAGO, IL | CHARITABLE WORKS | $12,500 |
| KAPPA KAPPA OF SIGMA CHI FOUNDATION LISLE, IL | EDUCATION AND SCHOLARSHIPS | $5,170 |
| KING FM CLASSICAL RADIO SEATTLE, WA | PROMOTION OF ARTS | $250 |
| LIONS CLUB NAPERVILLE, IL | COMMUNITY SERVICE | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVEN R SAROVICH | PRESIDENT | 5 | — |
| STEVEN R SAROVICH | SECRETARY / TREASURER | 5 | — |
| LAURA L MARAN | VICE PRESIDENT | 2 | — |
| MARK A SAROVICH | ASST SECRETARY | 1 | — |
Frequently Asked Questions
What does Steve & Delores Sarovich Foundation fund?
The foundation's giving priorities include fine arts and music education. The foundation has demonstrated a commitment to supporting music programs and scholarships for students pursuing music and fine arts disciplines.
How do I apply for a grant from Steve & Delores Sarovich Foundation?
The foundation has established the Fine Arts Scholarship in Memory of Delores Sarovich at North Central College. This scholarship awards $1,500 to incoming first-year and transfer students majoring or minoring in music, with eligible programs including: • Jazz Studies (B.A.) • Music Education, Choral Track (B.M.E.) • Music Education, Instrumental Track (B.M.E.) • Music Composition and Production (B.A.) • Music Performance, Instrumental Track (B.A.) • Music Performance, Piano Track (B.A.) • Musi…
What size grants does Steve & Delores Sarovich Foundation award?
In 2024, Steve & Delores Sarovich Foundation awarded 39 grants totaling $88K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Steve & Delores Sarovich Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Steve & Delores Sarovich Foundation reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Steve & Delores Sarovich Foundation's EIN?
Steve & Delores Sarovich Foundation's EIN (Employer Identification Number) is 36-3172634. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Steve & Delores Sarovich 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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