Hsieh Family Foundation
- Assets
- $9.1m
- Revenue
- $741.2k
- Investments
- $8.8m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 20-2790125
Organization Overview
Hsieh Family Foundation is located in Pasadena, CA. The organization was established in 2006. 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. Hsieh Family 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 12/2022, Hsieh Family Foundation generated $741.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hsieh Family Foundation has awarded 123 individual grants totaling $23,138,272. 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 |
|---|---|---|---|
Ming Hsieh Director - Chairman | 1 | $0 | |
Fang Zhi Liu Hsieh Director - Secretary/cfo | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boulevard Family Wealth | 12/30/20 | $113,486 |
Andersen Tax Llc | 12/30/20 | $33,683 |
Miller Barondes Llp | 12/30/20 | $5,205 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $7,008 |
| Dividends & Interest | $270,081 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$215,235 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,366 |
| Total Revenue | $741,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $143,784 |
| Contributions, gifts, grants paid | $7,490,500 |
| Total expenses and disbursements | $7,634,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $271,704 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,538,764 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,082 |
| Total assets | $9,110,660 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $19,255,860 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,000 |
| Total liabilities | $19,256,860 |
Grants Awarded
Over the last fiscal year, Hsieh Family Foundation has awarded $8,080,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AI PLUS GALLERY PURPOSE: TO SUPPORT ARTSPIRE HISTORY PROGRAM | $10,000 |
AMERICAN AVATAMSAKA ASSOCIATION PURPOSE: TO SUPPORT THE BUDDHIST COMMUNITY | $10,000 |
CITY OF HOPE PURPOSE: TO SUPPORT ENDOWMENT FUND | $1,000,000 |
COMMITTEE OF 100 PURPOSE: TO SUPPORT INCLUSION PROGRAMS OF CHINESE AMERICANS INTO U.S. SOCIETY | $253,500 |
FUDAN UNIVERSITY EDUCATION DEVELOPMENT FOUNDATION PURPOSE: TO SUPPORT BOOK FUND FOR STUDENTS | $110,000 |
HENRY E HUNTINGTON LIBRARY AND ART GALLERY PURPOSE: TO SUPPORT LIU FANG YUAN,THE CHINESE GARDEN OF THE HUNTINGTON | $100,000 |