Gene Chiu Foundation
- Assets
- $7.3m
- Revenue
- -$121.2k
- Investments
- $5.8m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 01/2007
- Data as of
- 12/2023
- 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.
Since 2014, Gene Chiu Foundation has awarded 255 individual grants totaling $1,828,395. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GCF WEB 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 STUDENT SCHOLARSHIP PROJECT - ESTABLISH SCHOLARSHIP FOR LOW INCOME COLLEGE STUDENTS IN GUIZHOU PROVINCE.
GCF SCHOOL FACILITIES PROJECT - TO ASSIST AND HELP SUPPORTING OF SCHOOL FACILITIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,131 |
| Dividends & Interest | $241,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$382,865 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,603 |
| Total Revenue | -$121,200 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,400 |
| Other employee salaries and wages | $38,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,624 |
| Depreciation | $15,414 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $163,295 |
| Total operating and administrative expenses | $297,933 |
| Contributions, gifts, grants paid | $256,079 |
| Total expenses and disbursements | $554,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,855 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,898 |
| 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 | $4,765,730 |
| Net Land, buildings, and equipment | $1,032,094 |
| Other assets | $0 |
| Total assets | $7,279,738 |
| Accounts payable and accrued expenses | $926 |
| 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 | $300,000 |
| Total liabilities | $300,926 |
Grants Awarded
Over the last fiscal year, Gene Chiu Foundation has awarded $256,079 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL UNIV FOR ECON & TRADE PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN BEIJING, CHINA | $1,480 |
FUJIAN TEACHERS UNIVERSITY PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN FUJIAN, CHINA | $1,350 |
GAN-NAN NORMAL UNIVERSITY PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN JIANGXI, CHINA | $1,200 |
GUIYANG HEALTHCARE MEDICAL UNIV PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN GUIZHOU, CHINA | $1,263 |
GUIZHOU FINANCE & MANAGEM'T UNIV PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN GUIZHOU, CHINA | $1,747 |
GUIZHOU FOOD SCIENCE COLLEGE PURPOSE: GCF STUDENT SCHOLARSHIP PROJECT IN GUIZHOU, CHINA | $1,713 |