The T Luke Savage Family Foundation

MIDVALE, UT EIN: 87-0651831

The T Luke Savage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDVALE, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $141K in total assets. In 2024, it made $950 in qualifying distributions.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$141K

+14.7% YoY

Revenue

$20K

+0.0% YoY

Qualifying Distributions

$950

+13.5% YoY

Expenses

$2K

+13.4% YoY

Under IRS private-foundation payout rules, The T Luke Savage Family Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.

About The T Luke Savage Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Utah $36K (100%)

States

Utah

Cities

American Fork

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$141,397	$123,297	$104,972
Revenue	$20,000	$20,000	$20,000
Expenses	$1,900	$1,675	$36,350
Qualifying Distributions	$950	$837	$35,000
Net Investment Income	—	—	—
Distributable Amount	$6,383	$5,265	$5,664

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
TODD SAVAGE	TRUSTEE & VP	1	—
SUSAN A SAVAGE	TRUSTEE / SEC	1	—
LORRIE SAVAGE GILBERT	TRUSTEE	1	—
LISA SAVAGE KELLY	TRUSTEE	1	—
TERRENCE SAVAGE	TRUSTEE	1	—
TROY SAVAGE	TRUSTEE	1	—
TY SAVAGE	TRUSTEE	1	—
MATTHEW TRENT SAVAGE	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The T Luke Savage Family Foundation?

The T Luke Savage Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDVALE, UT. It holds $141K in total assets as of 2024.

How large is The T Luke Savage Family Foundation?

As of 2024, The T Luke Savage Family Foundation holds $141K in total assets with $20K in annual revenue.

Where does The T Luke Savage Family Foundation operate?

The T Luke Savage Family Foundation has awarded grants in Utah.

How much is The T Luke Savage Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The T Luke Savage Family Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The T Luke Savage Family Foundation's EIN?

The T Luke Savage Family Foundation's EIN (Employer Identification Number) is 87-0651831. IRS Form 990 filing data is available on this page for 2020–2024.