Gene Chiu Foundation
- Assets
- $7.9m
- Revenue
- $733.8k
- Investments
- $6.8m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 05-0598399
Organization Overview
Gene Chiu Foundation is located in Los Altos, CA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gene Chiu Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Gene Chiu Foundation generated $733.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $647.0k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gene Chiu Foundation has awarded 196 individual grants totaling $1,212,869. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GCF STUDENT SCHOLARSHIP PROJECT- ESTABLISH SCHOLARSHIP FOR LOW INCOME COLLEGE STUDENTS IN GUIZHOU PROVINCE.
GCF SUNSHINE READING ROOM PROJECT - POST FAIRY TALE AND FOLK STORIES TO THE WEBSITE IN ENGLISH AND CHINESE, MAINTAIN THE WEBSITE AND BUILD CONTENTS
GCF BOOKS PROJECT -PROVIDE FREE BOOKS AND EDUCATION MATERIALS FOR ELEMENTARY AND HIGH SCHOOL STUDENTS TO PROMOTE READING, LITERACY, AND EDUCATION. BOOKS ARE EITHER SHIPPED TO GUIZHOU SCHOOLS LIBRARIES OR MADE AVAILABLE ON WEBSITE
GCF SUMMER CAMP PROJECT- SUMMER CAMP FOR LOCAL STUDENTS AT FUQUAN MIDDLE SCHOOL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,857 |
| Dividends & Interest | $235,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $492,974 |
| Capital Gain Net Income | $492,974 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $733,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,400 |
| Other employee salaries and wages | $73,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,278 |
| Depreciation | $15,414 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,378 |
| Total operating and administrative expenses | $274,320 |
| Contributions, gifts, grants paid | $372,645 |
| Total expenses and disbursements | $646,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,416 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $68 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,658,737 |
| Net Land, buildings, and equipment | $1,062,922 |
| Other assets | $0 |
| Total assets | $7,912,459 |
| Accounts payable and accrued expenses | $4,962 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $90,000 |
| Total liabilities | $94,962 |
Grants Awarded
Over the last fiscal year, Gene Chiu Foundation has awarded $372,645 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL TAIWAN UNIVERSITY PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN TAIPEI, TAIWAN | $309,000 |
GUIZHOU MEDICAL UNIVERSITY PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN GUIZHOU, CHINA | $6,435 |
LUODONG LONG-TERM CARE CENTER FOR SENIOR CITIZENS PURPOSE: GCF SENIOR WELFARE SUPPORT PROJECT IN YILAN, TAIWAN | $5,500 |
CATHOLIC MARIAN LONG-TERM CARE CENTER PURPOSE: GCF SENIOR WELFARE PROJECT IN YILAN, TAIWAN | $5,000 |
CHINA THREE GORGES UNIVERSITY PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN HUBEI, CHINA | $4,400 |
TIANJIN UNIVERSITY OF FINANCE AND ECONOMICS PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN TIANJIN, CHINA | $3,762 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |