Wang Foundation is located in Boston, MA. The organization was established in 1988. 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. Wang 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 12/2021, Wang Foundation generated $331.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $454.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wang Foundation has awarded 239 individual grants totaling $2,685,650. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Goodwin Procter Llp Legal Fee | 0.5 | $40,199 | |
Mary Kathleen O'connellesq Trustee | 2 | $20,839 | |
Frederick A Wang Trustee | 4 | $20,000 | |
Courtney S Wang Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $5 |
Dividends & Interest | $48,393 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $282,891 |
Capital Gain Net Income | $282,990 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $331,289 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $40,839 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $3,667 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $1,554 |
Total operating and administrative expenses | $86,259 |
Contributions, gifts, grants paid | $367,950 |
Total expenses and disbursements | $454,209 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $512,424 |
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 | $22,500 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,276,205 |
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 |
Over the last fiscal year, Wang Foundation has awarded $367,950 in support to 35 organizations.
Grant Recipient | Amount |
---|---|
BOCH CENTER PURPOSE: CURRENT YEAR SUPPORT | $60,000 |
TRUSTEES OF TUFTS COLLEGE PURPOSE: ANNUAL FUND APPEAL | $50,000 |
PRIMARY SOURCE - GALA FOR PRIMARY EDUCATION PURPOSE: CURRENT YEAR PROGRAMS | $30,000 |
TEXAS SCOTTISH RITE HOSPITAL PURPOSE: SUPPORT CURRENT PROGRAMS | $30,000 |
SHADY HILL SCHOOL - HUB CAMPAIGN PURPOSE: HUB CAMPAIGN | $25,000 |
Boston, MA PURPOSE: CAPITAL CAMPAIGN FUND | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |