WILMINGTON, DE
Ge Li & Ning Zhao Family Foundation
Quick Facts
- EIN
- 352684719
- Location
- WILMINGTON, DE
- Category
- Philanthropy & Grantmaking
- Total Assets
- $309.6M
- Annual Income
- $844.2M
- IRS Ruling Year
- 2020
- Organization Type
- Corporation
- Principal Officer
- % Foundation Source
- Tax Deductibility
- Contributions are deductible
About This Foundation
Ge Li & Ning Zhao Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2020. The principal officer is % Foundation Source. It holds total assets of $309.6M. Annual income is reported at $844.2M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$12.6M
2023-15%
Total Assets
$282.6M
2023+1%
Fair Market Value
$268.1M
2023
Net Worth
$282.6M
2023
Grants Paid
$10.2M
2023
Contributions
$17.6M
2023
Net Investment Income
$51.9M
2023
Distribution Amount
$11.3M
2023
Total Giving by Year
$1.6M
20$11.1M
21$14.8M
22$12.6M
23Asset Growth
$98.9M
20$328.3M
21$279.8M
22$282.6M
23Investment Portfolio (2023)
Total: $251.8M
Corporate Stock: $41.2M
Corporate Bonds: $201M
Government Obligations: $9.6M
Other Investments: $10.3M
Corporate Stock (16%)
Corporate Bonds (77%)
Government Obligations (4%)
Other Investments (4%)
Expense Breakdown (2023)
Grants Paid$10.2M
Travel & Conferences$30K
Accounting Fees$2K
Legal Fees$424
Revenue Sources (2023)
- Dividends
- $21.3M
- Contributions
- $17.6M
- Interest
- $125K
- Other Income
- $71K
- Capital Gains (Net)
- $-23,288,938
Financial Details (2023)
- Total Revenue
- $15.8M
- Total Expenses
- $12.6M
- Exempt Purpose Expenses
- $10.6M
- Required Distribution
- $11.3M
- Undistributed Income
- $0
- Total Liabilities
- $1
- Excise Tax
- $722K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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