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
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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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