The Sequoia Foundation
The Sequoia Foundation is a private foundation, based in Long Grove, IL. IRS filing data is available from 2019 through 2025. In 2025, it awarded 1 grant totaling $7K. Net investment income was $26.
The Sequoia Foundation at a glance
In short: The Sequoia Foundation gave $7K across 1 grant in 2025 (avg $7K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,722
- Grants made (2025)
- 1
- Average grant
- $6,722
- Median grant
- $6,722
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Sequoia Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Fidelity Charitable ($7K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How The Sequoia Foundation gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $7K (2025) to $890K (2020). In 2025 it made 1 grant totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Cinninnati, OH | General Funds | $6,722 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $526 | $7,222 | $6,722 | 1 | $6,722 | $26 | $266 |
| 2024 | $6,696 | $771 | $517 | — | — | — | — | $324 |
| 2023 | $6,442 | $788 | $516 | — | — | — | — | $310 |
| 2022 | $6,170 | $581 | $545 | — | — | — | — | $303 |
| 2021 | $6,134 | $3,976 | $1,120 | — | — | — | $1,756 | $246 |
| 2020 | $3,278 | $1,930 | $891,162 | $889,922 | 2 | — | $690 | $5,015 |
| 2019 | $892,510 | $41,531 | $279,854 | $271,050 | 3 | — | $31,542 | $54,600 |
Under IRS private-foundation payout rules, The Sequoia Foundation reported a distributable amount of $266 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Sequoia Foundation is led by Denice Steinmann, Director & President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Denice Steinmann
Director & President
On filings since 2019
1 hr/week
No compensation reported
Ashley Steinmann
Director
On filings since 2019
1 hr/week
No compensation reported
Cindy Averitt
Director
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The Sequoia Foundation
How much does The Sequoia Foundation give each year?
The Sequoia Foundation gave $7K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
Where does The Sequoia Foundation operate?
The Sequoia Foundation has awarded grants in Illinois, Kentucky, Ohio.
How much is The Sequoia Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Sequoia Foundation reported a distributable amount of $266 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sequoia Foundation's EIN?
The Sequoia Foundation's EIN (Employer Identification Number) is 26-0902965. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 10, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 23, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 19, 2026)
- IRS filings on file for fiscal years 2019–2025
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Browse active grant opportunities in The Sequoia Foundation's focus areas in our free grants database
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Figures come from The Sequoia Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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