Gary Sinise Foundation

According to the Gary Sinise Foundation consolidated audit of March 31, 2024 (Note 2 re: In-kind donations), the Foundation received in-kind donations during the fiscal year on which it placed a total value of $10,057,445. Of this amount, $3,954,284 consisted of donated "Travel - charter flights and miles," and $3,684,598 consisted of donated "Construction – materials and supplies," respectively.  

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Gary Sinise Foundation consolidated audit of March 31, 2024 (Note 5, Commitments and Contingencies, Smart Home Construction):

"Through its R.I.S.E. program, the Organization is committed to building 12 Smart Homes. The total budgeted cost of those Smart Homes is approximately $12,605,000. As of March 31, 2024, the Organization had expended approximately $10,624,000 on those homes, resulting in a remaining net commitment of approximately $1,981,000."

According to the Gary Sinise Foundation consolidated audit of March 31, 2024 (Note 5, Commitments and Contingencies, Gain contingency):

"The Organization has been named the sole beneficiary of a donor's estate in an executed living trust. The donor passed in February 2022 at which time the living trust became irrevocable. Subsequent to the passing of the donor, the trustee of the living trust has brought litigation to disinherit the Organization and name another non-profit organization as the beneficiary. The Organization is vigorously defending its claim and believes that its claim to the estate is valid and will be upheld. However, since the legal matter has not concluded, the Organization believes that there is sufficient uncertainty around the outcome and has not recorded the bequest in its books and records. The estimated value of the estate is approximately $20,000,000."

According to the Gary Sinise Foundation consolidated audit of March 31, 2024 (Note 2, Summary of Significant Accounting Policies, Subsequent events):

"Subsequent events have been evaluated through November 27, 2024, which is the date the consolidated financial statements were available to be issued. Based upon this evaluation, it was determined that no subsequent events occurred that would require recognition or additional disclosure in the consolidated financial statements, other than the below. 

During the year ended March 31, 2024, the Organization received shares of a privately held company ('Private Company') as a bequest. The Organization valued the Private Company shares at $2,724,000 as of March 31, 2024[.] In August 2024, the Organization entered into an agreement to sell those shares back to the Private Company for $6,700,000 and therefore recorded a gain on the sale of $3,976,000 at the time of the sale."

According to the Gary Sinise Foundation consolidated audit of March 31, 2024 (Note 6, Related Party):

"During the year ended March 31, 2024, the treasurer of the Organization provided design services and sold furniture and fixtures to the Organization at discounted prices. The total amount of services provided and furniture sold to the Organization during the year ended March 31, 2024, totaled approximately $195,000."

According to the Gary Sinise Foundation tax filing of March 31, 2024, IRS Form 990, Schedule L, Part V, Supplemental Information:

Regarding Part IV, Business Transactions Involving Interested Persons:

The "Name of Interested Person" is reported as "Robert George"

The "Relationship between Interested Person and the Organization" is reported as "Son-in-law of Board Directors, Gary Sinise and Moira Sinise"

The "Amount of transaction" is reported as "$135,564"

The "Description of transaction" is reported as "Compensation"

The "Name of Interested Person" is reported as "Camden Feldman"

The "Relationship between Interested Person and the Organization" is reported as "Son-in-law of Board Directors, Gary Sinise and Moira Sinise"

The "Amount of transaction" is reported as "$83,226"

The "Description of transaction" is reported as "Compensation"

The "Name of Interested Person" is reported as "Jim Shubert"

The "Relationship between Interested Person and the Organization" is reported as "Director and Treasurer"

The "Amount of transaction" is reported as "$195,000"

The "Description of transaction" is reported as "Provided design services and sold furniture and fixtures to the organization at discounted prices."

According to the Gary Sinise Foundation tax filing for the fiscal year-ended March 31, 2024, Gary Sinise and his spouse, Moira Sinise, are two of the Foundation's ten board members (IRS Form 990, Part VII, Section A & Schedule O). Gary Sinise is also reported as Board Chair, President, and Director (IRS Form 990, Part VII, Section A).