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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. Total assets have grown from $5M in 2014 to $57.9M in 2024. The foundation is governed by 2 officers and trustees. 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 2015 to 2024. 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.
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.
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 |
|---|---|---|---|---|
| Colin Rust | Dir, Sec, Treas, Co- Pres | $0 | $0 | N/A |
| Jeannie Tseng | Co- Pres, Dir | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$57.9M
Fair Market Value
N/A
Net Worth
$57.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |