Sierra Pine Family Foundation
EIN 872620777 Private FoundationAbout
We respectfully request that the Foundation's quarterly estimated tax payments be treated as timely and request that no underpayment penalties be assessed because the payment delay was due to reasonable cause. Treasury Regulations SEC. 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to submit a payment in a timely fashion for Form 990-PF. The Foundation's administrator initially mailed a request to update the Foundation's name in the Internal Revenue Service's (the "Service") database in advance of the quarterly estimated tax deadlines. Unbeknownst to the Foundation, the name was updated, but the administrator did not enroll the Foundation in EFTPS to make timely quarterly payments. Once this error was discovered, the Foundation was enrolled in EFTPS and the required payments were made. Form 2220 reports the quarterly estimated tax payments as made timely as if the error did not occur, since this was through no fault of the Foundation. The administrator has updated its policies and procedures to ensure that this will not occur in the future. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's and its administrator's actions were reasonable and in good faith. The delay in submitting quarterly estimates was not in any way due to an intentional disregard of IRS rules but rather a clerical error. Therefore, we believe the Foundation is entitled to abatement of any penalty.
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2021 | N/A | $4.7M | $4.3M | N/A |
| 2022 | $1K | $5.7M | $1.6M | 1 |
| 2023 | $126K | $11.2M | $5.0M | 1 |
| 2024 | $266K | $17.0M | $5.3M | 9 |
Grant Size Distribution
Based on 11 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (11 total)
| Purpose | ||||
|---|---|---|---|---|
| Foothill-De Anza Community Colleges Foundation | Los Altos Hls, CA | $125,800 | Hope Initiative Fund | 2023 |
| Silicon Valley Community Foundation | Mountain View, CA | $100,788 | Arista Foundation | 2024 |
| Foothill-De Anza Community Colleges Foundation | Los Altos Hls, CA | $40,000 | General & Unrestricted | 2024 |
| Second Harvest of Silicon Valley | San Jose, CA | $40,000 | General & Unrestricted | 2024 |
| Ecumenical Hunger Program | E Palo Alto, CA | $20,000 | General & Unrestricted | 2024 |
| San Francisco Food Bank | San Francisco, CA | $20,000 | General & Unrestricted | 2024 |
| Second Harvest Food Bank Santa Cruz County | Watsonville, CA | $20,000 | General & Unrestricted | 2024 |
| Palo Alto Community Child Care | Palo Alto, CA | $10,000 | General & Unrestricted | 2024 |
| Ravenswood Education Foundation | Menlo Park, CA | $10,000 | General & Unrestricted | 2024 |
| Ravenswood Youth Athleticassociation Inc | E Palo Alto, CA | $5,000 | General & Unrestricted | 2024 |
| Ecumenical Hunger Program | E Palo Alto, CA | $1,000 | General & Unrestricted | 2022 |
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