Wang Family Foundation
- Assets
- $4.6m
- Revenue
- $277.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- Napa, CA
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 68-0338738
Organization Overview
Wang Family Foundation is located in Napa, CA. The organization was established in 1995. 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 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 12/2023, Wang Family Foundation generated $277.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $244.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wang Family Foundation has awarded 31 individual grants totaling $2,008,467. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
UC BERKELEY - UNIVERSITY OF CALIFORNIA AT BERKELEY - THE FOUNDATION CONTINUES ITS SUPPORT OF VARIOUS INITIATIVES AT UC BERKELEY. THE FOUNDATION SUPPORTED THE ESTABLISHMENT OF THE UC BERKELEY WAR CRIMES STUDIES CENTER. IT SUPPORTS INITIATIVES AT THE UNIVERSITY'S HEARST MUSEUM THE LAW SCHOOL VARIOUS DEPARTMENTS IN THE UNIVERSITY'S DIVISION OF ARTS AND SCIENCES, THE UC BERKELEY LIBRARY INCLUDING THE EAST ASIA LIBRARY AS WELL AS THE UC BERKELEY FOUNDATION.
INTERNATIONAL ASSOCIATION OF LAW SCHOOLS - THE INTERNATIONAL ASSOCIATION OF LAW SCHOOLS IS A NON-PROFIT LEARNED SOCIETY OF LAW SCHOOLS AND PROFESSORS OF LAW OF ABOUT 250 UNIVERSITY MEMBERS FROM AROUND THE WORLD REPRESENTING MORE THAN 60 COUNTRIES. THE FOUNDATION CONTINUES ITS EFFORTS TO ASSIST THE ASSOCIATION IN ADVANCING ITS GOAL OF IMPROVING LEGAL EDUCATION BY LEARNING FROM EACH OTHER. THE FOUNDATION PROVIDES ADMINISTRATIVE, LOGISTIC AND INTELLECTUAL SUPPORT FOR THE ASSOCIATION'S PROGRAMS INCLUDING ITS DOCTRINAL STUDY GROUPS, ITS EVALUATION, ASSISTANCE AND CERTIFICATION PROGRAM, ITS BOARD AND COMMITTEES, AS WELL AS MEMBERSHIP AND OPERATIONAL FUNCTIONS.
INTERNATIONAL LAW STUDENTS ASSOCIATION - SUPPORT THE WORK OF THE ASSOCIATION IN ITS JESSUP INTERNATIONAL MOOT COURT COMPETITION FOR LAW STUDENTS FROM OVER 60 COUNTRIES IN WRITTEN AND ORAL COMPETITION ON AN INTERNATIONAL LAW ISSUE TO BE ARGUED BEFORE THE INTERNATIONAL COURT OF JUSTICE.
MUSEUM TRUSTEES ASSOCIATION - TO SUPPORT THE EDUCATIONAL PROGRAMS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Wang Executive Director | 20 | $0 | |
Laura Young Managing Director | 10 | $0 | |
Elizabeth Wang Director | 2 | $0 | |
Morgan Wang Carlson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,400 |
| Capital Gain Net Income | $173,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,621 |
| Total Revenue | $277,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,561 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,940 |
| Printing and publications | $0 |
| Other expenses | $2,230 |
| Total operating and administrative expenses | $12,731 |
| Contributions, gifts, grants paid | $231,789 |
| Total expenses and disbursements | $244,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,788 |
| Savings and temporary cash investments | $584,858 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,638,188 |
| 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, Wang Family Foundation has awarded $231,789 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL ASSOCIATION OF LAW SCHOOLS PURPOSE: SUPPORT ADMINISTRATIVELY, LOGISTICALLY, AND INTELLECTUALLY FOR THE IALS IN ITS WORK TO IMPROVE LEGAL EDUCATION BY LEARNING FROM EACH OTHER. | $154,076 |
INTERNATIONAL LAW STUDENTS ASSOCIATION PURPOSE: LEGAL EDUCATION MOOT | $1,000 |
UC BERKELEY PURPOSE: PHEOBE HEARST MUSEUMSTUDENT SCHOLARSHIPS EAST ASIAN LIBRARY CENTER FOR CHINESE STUDIES | $74,213 |
MUSEUM TRUSTEE ASSOCIATION PURPOSE: TO SUPPORT THE EDUCATIONAL PROGRAMS OF THE ASSOCIATION. | $2,500 |