The Sye Fund

Foundation · Grantmaker Wilmington, DE EIN: 81-2289253

The Sye Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $8.1M in total assets. In 2024, it awarded 7 grants totaling $193K. Net investment income was $573K.

Key facts about The Sye Fund

EIN: 81-2289253
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $192,616
Grants made (2024): 7
Average grant: $27,517
Median grant: $10,088
Total assets: $8,147,821
Primary geography: New York (76% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Sye Fund funds

By grant dollars, the top recipient states for The Sye Fund's 7 itemized 2024 grants were New York (76%), District of Columbia (10%) and Illinois (5%). The most frequent recipient cities were New York, NY (2 grants) and Washington, DC (2 grants). 29% of grants with a stated purpose were for general or operating support.

How The Sye Fund gives

Giving held roughly steady from 2021 to 2024 (+18%). Method
In 2024 it paid out 74% 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.

Next steps with The Sye Fund

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.1M

+101.8% YoY

Annual Giving

$193K

-8.1% YoY

Grant Count

+75.0% YoY

Avg Grant Size

$28K

-47.5% YoY

Under IRS private-foundation payout rules, The Sye Fund reported a distributable amount of $291K for 2024 — the minimum it must pay out in qualifying distributions.

About The Sye Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $147K (76%)

District of Columbia $20K (10%)

Illinois $10K (5%)

Michigan $10K (5%)

New Jersey $5K (3%)

Share of all 7 itemized 2024 grant dollars.

States

California District of Columbia Illinois Michigan New Jersey New York Pennsylvania

Cities

WashingtonBrooklynChicagoSan FranciscoNew YorkAnn ArborBurr RidgeCotatiEdisonMorganvillePhiladelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,147,821	$4,036,911	$3,511,165
Revenue	$4,382,019	$808,361	$269,343
Expenses	$259,009	$276,906	$255,787
Qualifying Distributions	$216,512	$223,838	$201,773
Net Investment Income	$572,966	$272,789	$221,143
Distributable Amount	$291,439	$211,894	$221,306

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

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

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Mad Foundation Inc ($147,176 across 2 grants), 826DC Inc ($10,088), National Taiwan University Medical College Alumni ($10,088).

Recipient	Purpose	Amount
MAD FOUNDATION INC New York, NY	General & Unrestricted	$103,088
MAD FOUNDATION INC New York, NY	Charitable Event	$44,088
826DC INC Washington, DC	helping kids dream big, find their voice, and inspiring them to write	$10,088
NATIONAL TAIWAN UNIVERSITY MEDICAL COLLEGE ALUMNI Chicago, IL	National Taiwan University Children's Health Foundation	$10,088
PLANNED PARENTHOOD ASSOCIATION OF METROPOLITAN WAS Washington, DC	General & Unrestricted	$10,088
REGENTS OF THE UNIVERSITY OF MICHIGAN College of Ann Arbor, MI	ALICE TAPPER USE YOUR VOICE FUND	$10,088
BOY SCOUTS OF AMERICA Morganville, NJ	Charitable Event	$5,088

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Dwayne J Sye	Pres, Dir, Sec, Treas	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Sye Fund?

The Sye Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $8.1M in total assets as of 2024.

How large is The Sye Fund?

As of 2024, The Sye Fund holds $8.1M in total assets with $4.4M in annual revenue. It awarded 7 grants totaling $193K in 2024.

Where does The Sye Fund operate?

The Sye Fund has awarded grants in California, District of Columbia, Illinois, Michigan, New Jersey, New York, Pennsylvania.

What size grants does The Sye Fund award?

In 2024, The Sye Fund awarded 7 grants totaling $193K — an average of about $28K per grant, based on its IRS Form 990 filings.

How much is The Sye Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sye Fund reported a distributable amount of $291K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.