Luo Hui Foundation
- Assets
- $4.0m
- Revenue
- -$29.5k
- Investments
- $3.7m
- Employees
- 0
- Location
- Atherton, CA
- Founding
- 12/2003
- Data as of
- 09/2023
- EIN
- 65-1207405
Organization Overview
Luo Hui Foundation is located in Atherton, CA. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Luo Hui Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Luo Hui Foundation has awarded 36 individual grants totaling $338,677. 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 |
|---|---|---|---|
Tong Luo President & CEO | 4 | $0 | |
Min Hui Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,346 |
| Net Rental Income | -$12,095 |
| Net Gain on Sale of Assets | -$110,537 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$29,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $25,126 |
| Taxes | $1,433 |
| Depreciation | $21,716 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,410 |
| Total operating and administrative expenses | $68,320 |
| Contributions, gifts, grants paid | $1,200 |
| Total expenses and disbursements | $69,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6,186 |
| Savings and temporary cash investments | $0 |
| 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 | $2,248,500 |
| Investments—other | $40,000 |
| Net Land, buildings, and equipment | $351,002 |
| Other assets | $0 |
| Total assets | $4,009,654 |
| 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, Luo Hui Foundation has awarded $23,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: ALTHOUGH STANFORDS ENDOWMENT DOES NOT COVER THE UNIVERSITYS ENTIRE BUDGET, IT MAKES AMAZING THINGS POSSIBLE; FROM ONE OF THE MOST GENEROUS FINANCIAL AID PROGRAMS IN THE UNITED STATES TO RESEARCH THAT BENEFITS THE WORLD. | $600 |
DUKE UNIVERSITY PURPOSE: TO PROVIDE A SUPERIOR LIBERAL EDUCATION TO UNDERGRADUATE STUDENTS, ATTENDING NOT ONLY TO THEIR INTELLECTUAL GROWTH BUT ALSO TO THEIR DEVELOPMENT AS ADULTS COMMITTED TO HIGH ETHICAL STANDARDS AND FULL PARTICIPATION AS LEADERS IN THEIR COMMUNITIES. | $22,700 |