Xie Foundation
- Assets
- $957.0m
- Revenue
- $6.6m
- Investments
- $952.9m
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-1208110
Organization Overview
Xie Foundation is located in Sunnyvale, CA. The organization was established in 2010. 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. Xie 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, Xie Foundation generated $6.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $27.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Xie Foundation has awarded 35 individual grants totaling $97,305,940. 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 |
|---|---|---|---|
Ken Xie Co-Prs/dir/sec | 3 | $0 | |
Michael Xie Co-Prs/dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,469,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,433 |
| Net Rental Income | -$126,107 |
| Net Gain on Sale of Assets | $43,423 |
| Capital Gain Net Income | $43,423 |
| Net ST Capital Gain | $57 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,604,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,657 |
| Depreciation | $69,294 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,215 |
| Total operating and administrative expenses | $200,617 |
| Contributions, gifts, grants paid | $27,513,514 |
| Total expenses and disbursements | $27,714,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $546,486 |
| 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 | $199,926 |
| Net Land, buildings, and equipment | $3,549,485 |
| Other assets | $0 |
| Total assets | $956,961,483 |
| Accounts payable and accrued expenses | $22,249 |
| Grants payable | $3,430,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,126,917 |
| Total liabilities | $7,579,166 |
Grants Awarded
Over the last fiscal year, Xie Foundation has awarded $27,513,514 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: GENERAL PURPOSE. | $10,171,500 |
LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: GENERAL PURPOSE. | $9,121,050 |
LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: GENERAL PURPOSE. | $6,322,200 |
LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: GENERAL PURPOSE. | $1,345,264 |
UC BERKELEY FOUNDATION PURPOSE: GENERAL PURPOSE. | $200,000 |
HARVARD UNIVERSITY PURPOSE: GENERAL PURPOSE. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |