Ge Li & Ning Zhao Family Foundation
- Assets
- $328.3m
- Revenue
- $240.5m
- Investments
- $260.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2021
- EIN
- 35-2684719
Organization Overview
Ge Li & Ning Zhao Family Foundation is located in Wilmington, DE. 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. Ge Li & Ning Zhao 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 12/2021, Ge Li & Ning Zhao Family Foundation generated $240.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 54.7% each year . All expenses for the organization totaled $11.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ge Li Dir, Treas | 4 | $0 | |
Michael Le-Cheng Li Dir | 8 | $0 | |
Teddy Wang Treas | 18 | $0 | |
Jun Zhao VP | 17 | $0 | |
Lawrence Zhang Sec | 17 | $0 | |
Dr Ning Zhao Dir, Pres, Sec | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/21 | $106,054 |
Seyfarth Shaw Llp | 12/30/21 | $68,027 |
Enboon Capital Management Corporation | 12/30/21 | $479,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $220,862,621 |
| Interest on Savings | $1,604 |
| Dividends & Interest | $8,908,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,712,023 |
| Capital Gain Net Income | $86,239,588 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $240,484,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,177,621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $114,494 |
| Total operating and administrative expenses | $2,858,626 |
| Contributions, gifts, grants paid | $8,270,000 |
| Total expenses and disbursements | $11,128,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,456,262 |
| 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 | $10,784,030 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $328,278,929 |
| 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, Ge Li & Ning Zhao Family Foundation has awarded $8,270,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK PURPOSE: FOR THE BENEFIT OF COLUMBIA COLLEGE, THE FACULTY OF ARTS AND SCIENCES AND THE GRADUATE SCHOOL OF ARTS & SCIENCES | $4,000,000 |
MEMORIAL SLOAN-KETTERING CANCER CENTER THE SOCIET PURPOSE: TO ESTABLISH THE NING ZHAO & GE LI FAMILY INITIATIVE FOR LUNG CANCER RESEARCH AND NEW THERAPIES | $4,000,000 |
La Jolla, CA PURPOSE: IN SUPPORT OF THE JOHN MARTIN MEMORIAL LECTURE | $250,000 |
Bedminster, NJ PURPOSE: IN SUPPORT OF THE HALLOWEEN BALL | $15,000 |
Hightstown, NJ PURPOSE: SELTZER TEAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Segal Family Foundation Inc Warren, NJ | $106,923,735 | $21,683,461 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Hess Foundation Inc Parsippany, NJ | $0 | $35,298,919 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Leon And Toby Cooperman Family Foundation Clifton, NJ | $399,538,762 | $28,802,319 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |