Reve Foundation
Reve Foundation is a private foundation, based in Irvine, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 2 grants totaling $160K. Net investment income was $238K.
Reve Foundation at a glance
In short: Reve Foundation gave $160K across 2 grants in 2024 (avg $80K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $160,000
- -1.2% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $80,000
- -1.2% vs 2023
- Median grant
- $80,000
- Total assets
- $3,076,597
- +2.8% vs 2023
- Primary geography
- Massachusetts (63% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Reve Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was MIT Media Lab ($100K). Together the top 2 received $160K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 7 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Reve Foundation gives
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $140K (2020) to $162K (2023). In 2024 it made 2 grants totaling $160K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MIT Media Lab Cambridge, MA | Women's Health and Innovation Fund | $100,000 |
| Covenant House New York, NY | Provide Shelter for Homeles Youth | $60,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,076,597 | $273,632 | $189,365 | $160,000 | 2 | $160,000 | $237,935 | $174,326 |
| 2023 | $2,992,330 | $131,501 | $187,201 | $162,000 | 2 | $162,000 | $100,518 | $160,300 |
| 2022 | $3,048,030 | $115,268 | $183,108 | $150,000 | 1 | $150,000 | $89,919 | $165,357 |
| 2021 | $3,115,870 | $796,540 | $162,102 | $140,000 | 1 | $140,000 | $442,151 | $157,853 |
| 2020 | $2,481,432 | $64,160 | $162,369 | $140,000 | 1 | — | $43,587 | $136,731 |
Under IRS private-foundation payout rules, Reve Foundation reported a distributable amount of $174K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Reve Foundation is led by Sherri Davis, President & Secretary on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sherri Davis
President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Tae Yoo
Manager
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Reve Foundation
How much does Reve Foundation give each year?
Reve Foundation gave $160K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $162K across 2 grants.
How large is Reve Foundation?
Reve Foundation reported $3.1M in total assets on its 2024 IRS Form 990-PF. It paid out $160K in qualifying distributions that year, against a required minimum of $174K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Reve Foundation operate?
Reve Foundation has awarded grants in District of Columbia, Massachusetts, New York.
What is Reve Foundation's EIN?
Reve Foundation's EIN (Employer Identification Number) is 77-0483982. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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