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Tseng-Rust Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2015. The principal officer is % Foundation Source. It holds total assets of $57.9M. Annual income is reported at $27.1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Tseng-Rust Family Foundation has made 4 grants totaling $11.6M, with a median grant of $3.1M. Annual giving has grown from $2.2M in 2020 to $3.2M in 2023. Grantmaking activity was highest in 2022 with $6.2M distributed across 2 grants. Individual grants have ranged from $2.2M to $3.2M, with an average award of $2.9M. Grant recipients are concentrated in Rhode Island. Contributions to this foundation are tax-deductible.
Tseng-Rust Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in RI.
Tseng-Rust Family Foundation has distributed a total of $11.6M across 4 grants. The median grant size is $3.1M, with an average of $2.9M. Individual grants have ranged from $2.2M to $3.2M.
Tseng-Rust Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Tseng-Rust Family Foundation is headquartered in WILMINGTON, DE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeannie Tseng | Co- Pres, Dir | $0 | $0 | $0 |
| Colin Rust | Dir, Sec, Treas, Co- Pres | $0 | $0 | $0 |
Total Giving
$3.6M
Total Assets
$43.8M
Fair Market Value
$78.5M
Net Worth
$43.8M
Grants Paid
$3.2M
Contributions
$3.5M
Net Investment Income
$789K
Distribution Amount
$3.8M
Total Grants
4
Total Giving
$11.6M
Average Grant
$2.9M
Median Grant
$3.1M
Unique Recipients
1
Most Common Grant
$3.1M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Vanguard Charitable Endowment ProgramThe Jeannie Tseng and Colin Rust Charitable Fund | Warwick, RI | $3.2M | 2023 |
| 2015 | 990PF | View |
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