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Bing And Rachel Zhang Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2018. The principal officer is Bing Zhang. It holds total assets of $3.4M. Annual income is reported at $1.6M. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Funding is distributed across 5 states, including Delaware, Oregon, Florida. According to available records, Bing And Rachel Zhang Family Foundation has made 33 grants totaling $2M, with a median grant of $2K. The foundation has distributed between $533K and $942K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $942K distributed across 14 grants. Individual grants have ranged from $1K to $551K, with an average award of $62K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Kentucky, California, Delaware, which account for 61% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$67K
Largest Grant
$457K
Based on 7 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bing And Rachel Zhang Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in KY, CA, DE.
Bing And Rachel Zhang Family Foundation has distributed a total of $2M across 33 grants. The median grant size is $2K, with an average of $62K. Individual grants have ranged from $1K to $551K.
Bing And Rachel Zhang Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bing And Rachel Zhang Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bing Zhang | President | $0 | $0 | N/A |
Total Giving
$564K
Total Assets
$3.7M
Fair Market Value
$4.2M
Net Worth
$3.7M
Grants Paid
$533K
Contributions
N/A
Net Investment Income
$89K
Distribution Amount
$205K
Total: $3.6M
Total Grants
33
Total Giving
$2M
Average Grant
$62K
Median Grant
$2K
Unique Recipients
13
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of KentuckyCharitable Function | Lexington, KY | $458K | 2023 |
| The Ucla FoundationCharitable Function | Pasadena, CA | $50K | 2023 |
| DcaaCharitable Function | Hockessin, DE | $6K | 2023 |
| Oregon State UniversityCharitable Function | Corvallis, OR | $5K | 2023 |
| Ustc Alumni FoundationCharitable Function | Santa Clara, CA | $3K | 2023 |
| University Of PennsylvaniaCharitable Function | Philadelphia, PA | $3K | 2023 |
| Archmere AcademyCharitable Function | Claymont, DE | $2K | 2023 |
| University Of DelawareCharitable Function | Newark, DE | $2K | 2023 |
| Central Florida Evergreen Seniors ClubCharitable Function | Apopka, FL | $2K | 2023 |
| CaccCharitable Function | Hockessin, DE | $2K | 2023 |
| Second Harvest Food Bank Of Central FloridaCharitable Function | Orlando, FL | $1K | 2023 |
| Delaware Chinese American AssociationCharitable Function | Hockessin, DE | $2K | 2022 |
| Universty Of KentuckyCharitable Function | Lexington, KY | $551K | 2020 |