The David and Elva Sinai Foundation

Foundation · Grantmaker RENO, NV EIN: 27-2997430

The David and Elva Sinai Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 2 grants totaling $186K. Net investment income was $91K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.3M

+4.6% YoY

Annual Giving

$186K

+0.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$93K

+0.5% YoY

Under IRS private-foundation payout rules, The David and Elva Sinai Foundation reported a distributable amount of $188K for 2024 — the minimum it must pay out in qualifying distributions.

About The David and Elva Sinai 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

Nevada $724K (77%)

California $212K (23%)

States

California Nevada

Cities

RenoSan Francisco

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,318,626	$3,172,657	$3,409,030
Revenue	$197,953	$28,895	$106,761
Expenses	$251,089	$242,174	$242,376
Qualifying Distributions	$185,854	$184,988	$190,230
Net Investment Income	$90,563	$71,144	$102,328
Distributable Amount	$187,610	$179,854	$186,105

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Renown Health Foundation ($175,854), All May See Foundation ($10,000).

Recipient	Purpose	Amount
ALL MAY SEE FOUNDATION SAN FRANCISCO, CA	PRESERVATION OF SIGHT	$10,000
RENOWN HEALTH FOUNDATION RENO, NV	PEDIATRIC OPHTHALMOLOGY	$175,854

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES P PACE	TRUSTEE	5	$10,555
DAVID REESE	TRUSTEE	5	$26,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The David and Elva Sinai Foundation?

The David and Elva Sinai Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. It holds $3.3M in total assets as of 2024.

How large is The David and Elva Sinai Foundation?

As of 2024, The David and Elva Sinai Foundation holds $3.3M in total assets with $198K in annual revenue. It awarded 2 grants totaling $186K in 2024.

Where does The David and Elva Sinai Foundation operate?

The David and Elva Sinai Foundation has awarded grants in California, Nevada.

What size grants does The David and Elva Sinai Foundation award?

In 2024, The David and Elva Sinai Foundation awarded 2 grants totaling $186K — an average of about $93K per grant, based on its IRS Form 990 filings.

How much is The David and Elva Sinai Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The David and Elva Sinai Foundation reported a distributable amount of $188K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The David and Elva Sinai Foundation's EIN?

The David and Elva Sinai Foundation's EIN (Employer Identification Number) is 27-2997430. IRS Form 990 filing data is available on this page for 2020–2024.