Lingnan Foundation
- Assets
- $20.0m
- Revenue
- $277.0k
- Investments
- $19.8m
- Employees
- 0
- Location
- Costa Mesa, CA
- Founding
- 02/1933
- Data as of
- 06/2023
- EIN
- 13-6400470
Organization Overview
Lingnan Foundation is located in Costa Mesa, CA. The organization was established in 1933. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lingnan 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 06/2023, Lingnan Foundation generated $277.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lingnan Foundation has awarded 74 individual grants totaling $10,535,763. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ding-Jo Currie President | 20 | $120,089 | |
Leighton Chan Chair | 4 | $0 | |
Harold Hewitt Treasurer | 4 | $0 | |
Chi-Chao Chan Vice Chair | 4 | $0 | |
Leslie Les Wong Secretary | 4 | $0 | |
Shenyu Belsky Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $754,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$477,888 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $277,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,089 |
| Other employee salaries and wages | $94,283 |
| Pension plans, employee benefits | $17,836 |
| Interest | $0 |
| Taxes | $8,394 |
| Depreciation | $475 |
| Occupancy | $12,507 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102,604 |
| Total operating and administrative expenses | $473,362 |
| Contributions, gifts, grants paid | $672,307 |
| Total expenses and disbursements | $1,145,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,564 |
| Savings and temporary cash investments | $101,514 |
| 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 | $4,160 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,825,998 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $60,624 |
| Total assets | $20,023,860 |
| Accounts payable and accrued expenses | $46,730 |
| Grants payable | $1,717,158 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $36,350 |
| Total liabilities | $1,800,238 |
Grants Awarded
Over the last fiscal year, Lingnan Foundation has awarded $1,576,030 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LINGNAN UNIVERSITY HONG KONG PURPOSE: STUDENT EDUCATIONAL ADVANCEMENT | $279,654 |
SYSU - CITRIS COLLABORATION IN HEALTH DATA (IMPLEMENTATION) PURPOSE: STUDENT EDUCATIONAL ADVANCEMENT | $250,000 |
UC BERKELEY CAL CORPS PURPOSE: STUDENT EDUCATIONAL ADVANCEMENT | $177,938 |
WT CHAN USC PURPOSE: STUDENT EDUCATIONAL ADVANCEMENT | $160,000 |
LINGNAN UNIVERSITY HONG KONG PURPOSE: STUDENT EDUCATIONAL ADVANCEMENT | $85,000 |
WT CHAN USC PURPOSE: STUDENT EDUCATIONAL ADVANCEMENT | $373,438 |