J T Tai & Co Foundation Inc
- Assets
- $106.2m
- Revenue
- $12.9m
- Investments
- $92.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 13-3157279
The information for J T Tai & Co Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in New York, NY. It has been in existence for 38 years, following its founding in 1983.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The J T Tai & Co Foundation Inc's NTEE code is T20. The "T" indicates that the organization falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. The "20" signifies that it is a Private Grantmaking Foundation. Private Grantmaking Foundations are nongovernmental, nonprofit organizations with funds and programs managed by their own trustees or directors. They are established to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the organization is classified as a 501(c)(3) organization according to the Internal Revenue Code, which means it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset includes two years of grant history for the J T Tai & Co Foundation Inc. Over those two years, they have awarded a total of 110 grants, with an average check size of $127,624. The foundation awards grants in various sectors, including Arts, Culture & Humanities, Education, and Health Care. They have awarded 6 grants in each of the Arts, Culture & Humanities and Education sectors, and 4 grants in the Health Care sector. In terms of geographical distribution, the organization has awarded the highest number of grants in New York (49), followed by California (22), Massachusetts (8), and New Jersey (5), among other states.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kueichu Wang Hsu Managing Direct | 30 | $240,000 | |
Yee-Jen Shuai Director | 10 | $168,000 | |
Victoria W Hsu Director | 10 | $144,000 | |
Yeounha C Ouyang Asst. Treasurer | 10 | $72,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,513 |
| Dividends & Interest | $2,306,566 |
| Net Rental Income | $88,633 |
| Net Gain on Sale of Assets | $10,244,534 |
| Capital Gain Net Income | $10,244,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,461 |
| Total Revenue | $12,949,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $624,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $440 |
| Taxes | $169,722 |
| Depreciation | $24,410 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $365,651 |
| Total operating and administrative expenses | $1,533,969 |
| Contributions, gifts, grants paid | $6,515,995 |
| Total expenses and disbursements | $8,049,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,508,960 |
| Net Accounts receivable | $0 |
| 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 | $105,663 |
| Net Investments - land, buildings, equipment | $882,400 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,172,011 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $177,145 |
| Total assets | $106,192,308 |
| Accounts payable and accrued expenses | $153,064 |
| 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 | $15,408 |
| Total liabilities | $168,472 |
Grants Awarded
Over the last fiscal year, J T Tai & Co Foundation Inc has awarded $6,515,995 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF SOOCHOW UNIVERSITY PURPOSE: PROGRAMS SUPPORT | $700,000 |
San Mateo, CA PURPOSE: PROGRAMS SUPPORT | $590,000 |
Aurora, CO PURPOSE: PROGRAMS SUPPORT | $500,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: PROGRAMS SUPPORT | $500,000 |
CENTER FOR ASIAN AMERICANS UNITED F PURPOSE: PROGRAMS SUPPORT | $200,000 |
EISENHOWER FELLOWSHIPS PURPOSE: PROGRAMS SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |