Hao Family Foundation

Organization Overview

Hao Family Foundation is located in San Francisco, CA. The organization was established in 2017. 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. Hao 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, Hao Family Foundation generated $23.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Hao Family Foundation has awarded 11 individual grants totaling $9,406,072. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) THROUGH CONTRIBUTIONS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $22,865,498
Interest on Savings $0
Dividends & Interest $1,767,969
Net Rental Income$0
Net Gain on Sale of Assets -$1,506,945
Capital Gain Net Income $18,800,627
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $23,126,522

Grants Awarded

Over the last fiscal year, Hao Family Foundation has awarded $2,900,000 in support to 2 organizations.

Grant RecipientAmount

GOLDMAN SACHS PHILANTHROPY FUND

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$2,700,000

MENLO SCHOOL

PURPOSE: GENERAL SUPPORT

$200,000
View Grant Profile

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