Sapphire Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASADENA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $133K in total assets. In 2024, it awarded 6 grants totaling $11K. Net investment income was $44K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$133K
+13.4% YoY
Annual Giving
$11K
-57.4% YoY
Grant Count
6
-53.8% YoY
Avg Grant Size
$2K
-7.6% YoY
Under IRS private-foundation payout rules, Sapphire Foundation Inc reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About Sapphire Foundation Inc
Based on IRS filings
Sapphire Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASADENA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $133K in total assets. In 2024, it awarded 6 grants totaling $11K. Net investment income was $44K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $132,831 | $117,136 | $141,027 |
| Revenue | $43,828 | $3,777 | $22,548 |
| Expenses | $28,133 | $27,668 | $26,541 |
| Qualifying Distributions | $28,133 | $25,800 | $24,769 |
| Net Investment Income | $43,828 | $3,777 | $22,115 |
| Distributable Amount | $29,540 | $27,165 | $25,079 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Los Angeles Arboretum Foundation ($3,000), Carver Parent Party ($2,500), Koreatown Youth and Community Center ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CARVER PARENT PARTY PASADENA, CA | CHARITABLE CONTRIBUTION | $2,500 |
| HUNTINGTON LIBRARY SAN MARINO, CA | CHARITABLE CONTRIBUTION | $1,500 |
| KOREATOWN YOUTH AND COMMUNITY CENTER LOS ANGELES, CA | CHARITABLE CONTRIBUTION | $2,500 |
| LOS ANGELES ARBORETUM FOUNDATION ARCADIA, CA | CHARITABLE CONTRIBUTION | $3,000 |
| SAN MARINO COMMUNITY ATHLETIC ASSOCIATION SAN MARINO, CA | CHARITABLE CONTRIBUTION | $500 |
| SAN MARINO HIGH SCHOOL TITAN ATHLETIC SAN MARINO, CA | CHARITABLE CONTRIBUTION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELVIN KAY | PRESIDENT/CEO | 1 | — |
| HANK SU | TREASURER/CFO | 1 | — |
| ANN HOANG-KAY | NON-VOTING/DIRECTOR | 1 | — |
| ROGER SU | SECRETARY/DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sapphire Foundation Inc?
Sapphire Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASADENA, CA. It holds $133K in total assets as of 2024.
How large is Sapphire Foundation Inc?
As of 2024, Sapphire Foundation Inc holds $133K in total assets with $44K in annual revenue. It awarded 6 grants totaling $11K in 2024.
Where does Sapphire Foundation Inc operate?
Sapphire Foundation Inc has awarded grants in California.
What size grants does Sapphire Foundation Inc award?
In 2024, Sapphire Foundation Inc awarded 6 grants totaling $11K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Sapphire Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sapphire Foundation Inc reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sapphire Foundation Inc's EIN?
Sapphire Foundation Inc's EIN (Employer Identification Number) is 90-0688798. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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