The Diane and Sam Stewart Family
The Diane and Sam Stewart Family Foundation is a private family foundation established in 2002 and based in Salt Lake City, Utah. The Foundation operates as a 501(c)(3) organization dedicated to supporting arts, education, community activism, and quality of life initiatives primarily in Utah, with additional international grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-30.2% YoY
Annual Giving
$556K
-32.0% YoY
Grant Count
16
-40.7% YoY
Avg Grant Size
$35K
+14.7% YoY
Mission & Focus Areas
Mission Statement: The Stewart Family Foundation was established by Diane P. Stewart and Samuel S. Stewart to focus on Salt Lake City and the state of Utah, where the Stewart family has deep roots, while also making international grants for those in need. The Foundation actively supports the arts, education, community activism for change, women and children's issues, and causes which improve quality of life for all.
Primary Funding Areas:
Arts: The Foundation has championed arts and artists in Utah since its inception, supporting institutions including the Central Utah Art Center (CUAC), Utah Museum of Fine Art, BYU Museum of Art, Springville Museum of Art, and Utah Museum of Contemporary Art. Support extends to visual arts, dance, and filmmaking, with recent grantees including Utah Film Center and Ballet West.
Education: The Foundation views education as a human right and tool for personal empowerment. Domestic support includes institutions like McGillis School, while international education initiatives support disadvantaged women in Africa through organizations such as the No Poor Among Us foundation.
Community & Progressive Issues: The Foundation supports women's rights through the Women's Empowerment foundation and other progressive institutions focused on expanding access and opportunity.
Women and Children's Issues: The Foundation prioritizes support for women's empowerment and children's welfare both locally and internationally.
Grantmaking
Typical awards range from $2,500 to $250,000.
How to Apply
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Geographic Focus
Where this funder awards grants
The Foundation's primary focus is Salt Lake City and the state of Utah, where the Stewart family maintains deep roots. The Foundation also makes international grants, particularly supporting education and quality of life initiatives globally.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- Total assets: $1,341,043 (as of most recent filing)
Annual Giving:
- Total giving: $556,000 (2024)
Revenue:
- Revenue declined by $75.2k in 2023
Liabilities:
- Total liabilities: $167 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,341,043 | $1,921,140 | $2,835,208 |
| Revenue | $-14,503 | $-75,164 | $312,876 |
| Expenses | $566,197 | $838,947 | $669,468 |
| Qualifying Distributions | $556,000 | $818,120 | $656,000 |
| Net Investment Income | $43,385 | $48,012 | $303,628 |
| Distributable Amount | $77,931 | $107,771 | $148,575 |
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
118 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Founders:
- Diane P. Stewart – Founder and gallerist; founder of Modern West Fine Art, a collaborative effort to bring together the region's artists
- Samuel S. Stewart – Founder and chairman of Wasatch Advisors, a financial and investment firm
Samuel Spencer Stewart Jr. passed away on November 23, 2021, at age 79. He was described as a quiet man with a sincere smile who was skilled in finance and dedicated to advancing nonprofit organizations, museums, arts, dance, symphony, opera, equality, human rights, and medical research.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE P STEWART | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The Foundation continues to support Utah's arts community and educational institutions. The legacy of Sam Stewart's philanthropic work is noted as continuing to enrich and enliven minds and spirits for generations through the Foundation's ongoing grantmaking.
Subject Areas
Focus areas based on grantmaking activity
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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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