The Sunwest Bank Charitable Foundation I
The Sunwest Bank Charitable Foundation I is a corporate foundation established in 2009 and located in Irvine, California. As a company-sponsored foundation, it channels philanthropic resources toward vulnerable and underserved populations, with particular emphasis on direct assistance and community support services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
+7.4% YoY
Annual Giving
$545K
+44.4% YoY
Grant Count
27
+17.4% YoY
Avg Grant Size
$20K
+23.0% YoY
Mission & Focus Areas
The foundation supports programs designed to assist poor, needy, and vulnerable populations, and children. Special emphasis is directed toward programs that provide:
- Food
- Shelter
- Housing
- Healthcare
- Other primary needs
The foundation also funds community services, educational programs, and youth assistance in shelters and transitional programs.
Grantmaking
The foundation accepts applications and is open to new proposals.
Grant Range
$10,000-$11,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in California, Florida, and Arizona, with particular activity in Orange County, California.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $3,698,595
- Total Revenues: $752,814
- Total Expenses: $780,928
- Number of Employees: 0
Historical Comparison (2023):
- Total Assets: $3.4 million
- Total Giving: $376,000
- Number of Grants: 20
Funding Sources: The foundation's charitable donations are generated through:
- Interest received on accounts
- Dividends received on securities
- Recognized gains on securities sold
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,698,595 | $3,443,836 | $3,358,984 |
| Revenue | $752,814 | $593,602 | $674,199 |
| Expenses | $780,928 | $490,023 | $361,648 |
| Qualifying Distributions | $591,283 | $424,993 | $309,563 |
| Net Investment Income | $197,324 | $46,572 | $140,114 |
| Distributable Amount | $163,570 | $157,263 | $147,563 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
117 grants across all recorded years
Open Grants
1 open opportunity from The Sunwest Bank Charitable Foundation I
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Eric Hovde - Chairman
- Nicole Bice - Executive Director
- Carson Lappetito - Trustee
- Kent Smith - Trustee
- Kara Trebs - Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIC HOVDE | CHAIRMAN | 1 | — |
| CARSON LAPPETITO | TRUSTEE | 1 | — |
| NICOLE BICE | EXECUTIVE DIRECTOR | 1 | $18,000 |
| KENT SMITH | TRUSTEE | 1 | — |
| KARA TREBS | TRUSTEE | 1 | — |
Contact Information
- Website: www.sunwestbank.com/about/foundation
- Address: 2050 Main St Ste 300, Irvine, CA 92614-8279
- Phone: 714-730-4444
- EIN: 27-1607730
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Sunwest Bank Charitable Foundation I on Grantable?
- Assess strategic fit with your organization
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