Alsam Foundation is an independent non-profit private foundation based in Salt Lake City, Utah. The foundation was established in 1984 by L. S. Skaggs, the retired Chairman of American Stores. It provides grants primarily for education, medical research, human services, and Catholic agencies and charities. The assets of the foundation are managed by the grants committee.Alsam Foundation's investment portfolio is valued at over $279.24 million, with investments in domestic and international equity, fixed income, cash, hedge fund, and private equity.