Coleman Fung Foundation Inc
- Assets
- $13.9m
- Revenue
- $399.4k
- Investments
- $11.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 20-3996786
Organization Overview
Coleman Fung Foundation Inc is located in Wilmington, DE. 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. Coleman Fung Foundation Inc 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, Coleman Fung Foundation Inc generated $399.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Coleman Fung Foundation Inc has awarded 17 individual grants totaling $4,399,166. 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 |
|---|---|---|---|
Coleman Fung Pres, Dir, Sec | 1 | $0 | |
Kathryn Mcmorrow VP | 1 | $0 | |
Ted Yates VP | 1 | $0 | |
Tim Yates VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,423 |
| Dividends & Interest | $400,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$35,448 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,178 |
| Total Revenue | $399,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,116 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,344 |
| Total operating and administrative expenses | $96,596 |
| Contributions, gifts, grants paid | $1,658,333 |
| Total expenses and disbursements | $1,754,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,271,259 |
| 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 | $1,012,001 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,921,385 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Coleman Fung Foundation Inc has awarded $1,658,333 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: INTERNATIONAL CENTENNIAL LABS ENDOWMENT (PLEDGE # XXX-XX-XXXX) OF GEORGETOWN UNIVERSITY OTHER | $100,000 |
STANFORD UNIVERSITY PURPOSE: THE COLEMAN FUNG D. SCHOOL UNIVERSITY INNOVATION FELLOWS FUND IN THE STANFORD D.SCHOOL IN THE SCHOOL OF ENGINEERING | $600,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: FOR THE USE AND BENEFIT OF THE DEPARTMENT OF PSYCHIATRY AND BEHAVIORAL SCIENCES WITH THE DELL MEDICAL SCHOOL. FUNDS SHALL BE USED TO PROVIDE CURRENT (NON-ENDOWED) SUPPORT FOR RESEARCH EFFORTS AROUND PSYCHEDELICS AND OTHER THERAPIES. | $125,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: DELL MEDICAL SCHOOL NEUROPLASTICITY RESEARCH BY THE MULVA CLINIC FOR THE NEUROSCIENCE | $833,333 |