The Neal and Sherrie Savage Family Foundation
EIN 870651828 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $216,500. This amount represents 25% or more of the Foundation's net assets of $3,840 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $74K | $35K | $75K | 35 |
| 2017 | $33K | $21K | $20K | 22 |
| 2018 | $19K | $21K | $20K | 11 |
| 2020 | $31K | $4K | $20K | 11 |
| 2021 | $216K | $407K | $636K | 12 |
| 2022 | $536K | $8.1M | $363K | 37 |
| 2023 | $306K | $9.4M | $364K | 26 |
Grant Size Distribution
Based on 154 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (154 total)
| Purpose | ||||
|---|---|---|---|---|
| Brigham Young University | Provo, UT | $50,000 | International Folk Dance/Neal & Sherrie Savage Performance Missionary Scholarship Fund | 2021 |
| The Church of Jesus Christ of Latter-Day Saints | Salt Lake Cty, UT | $50,000 | Humanitarian Aid Fund | 2021 |
| Utah Valley University Foundation Inc | Orem, UT | $50,000 | Woodbury School of Business/Neal & Sherrie Savage Family Scholarship Fund | 2021 |
| Brigham Young University | Provo, UT | $50,000 | Performing Arts Management Inspiring Learning Endowment Scholarship Fund | 2022 |
| Brigham Young University | Provo, UT | $50,000 | Savage Legacy Endowed Fund in Psychology Scholarship Fund | 2022 |
| Brigham Young University | Provo, UT | $50,000 | Neal & Sherrie Savage Single Parent Scholarship Fund | 2022 |
| Brigham Young University | Provo, UT | $50,000 | Neal & Sherrie Savage Performance Missionary Endowed Scholarship Fund | 2022 |
| Utah Valley University Foundation Inc | Orem, UT | $50,000 | Neal & Sherrie Savage Endowed Scholarship fund in the School of Education | 2022 |
| Utah Valley University Foundation Inc | Orem, UT | $50,000 | Neal & Sherrie Savage Scholarship Fund in the School of Business | 2022 |
| Utah Valley University | Orem, UT | $50,000 | Woodbury School of Business Hope Scholars Savage Family Legacy Scholarship Fund | 2023 |
| Utah Valley University | Orem, UT | $50,000 | Neal and Sherrie Savage Executive Classroom Fund | 2023 |
| Lupus Foundation of America Inc | Washington, DC | $31,000 | General & Unrestricted | 2022 |
| Parkinsons Foundation Inc | Miami, FL | $31,000 | General & Unrestricted | 2022 |
| Alzheimers Disease and Related Disorders Associati | Chicago, IL | $25,000 | General & Unrestricted | 2022 |
| University of Utah | Salt Lake Cty, UT | $25,000 | The Neal and Sherrie Savage Family Foundation Endowed Scholarship Fund in Music | 2023 |
| Utah Valley University Foundation Inc | Orem, UT | $20,000 | students enrolled in a program administered by the department of nursing Scholarship Fund | 2021 |
| Utah Valley University Foundation Inc | Orem, UT | $20,000 | The Megan Benedict Scholarship Fund | 2022 |
| Utah Valley University Foundation Inc | Orem, UT | $20,000 | The Megan Benedict Scholarship fund | 2023 |
| Fox Hollow Elementary School | Lehi, UT | $15,000 | General & Unrestricted | 2023 |
| Brigham Young University | Provo, UT | $14,500 | EDUCATION | 2016 |
| West Virginia University | Morgantown, WV | $12,500 | Savage Family Legacy Scholarship Fund | 2021 |
| West Virginia University | Morgantown, WV | $12,500 | Savage Family Legacy Scholarship Fund | 2022 |
| West Virginia University | Morgantown, WV | $12,500 | Savage Family Legacy Scholarship fund | 2023 |
| Alzheimers Disease and Related Disorders Associati | Chicago, IL | $12,000 | For the benefit of the Utah Chapter | 2022 |
| Give Hope Guatemala Education Foundation Inc | Cottonwd Hts, UT | $10,000 | General & Unrestricted | 2021 |
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