Icare Philanthropic Foundation

Organization Overview

Icare Philanthropic Foundation is located in Arcadia, CA. The organization was established in 2017. 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. Icare Philanthropic 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, Icare Philanthropic Foundation generated $183.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $100.9k during the year ending 12/2021. While expenses have increased by 40.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Icare Philanthropic Foundation has awarded 149 individual grants totaling $291,033. 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

PROVIDE HOT MEALS AND FESTIVAL MEALS AT NURSING HOMES AROUND LOS ANGELES COUNTY; TO EXPRESS THE CARING AND LOVING ATTITUDE TOWARDS THE SENIORS AND TO ALLEVIATE THEIR LONELINESS AND ISOLATION AND TO THEIR BIRTHDAYS, HOLIDAY SEASONS SUCH AS CHRISTMAS, THANKSGIVING, AND NEW YEAR CELEBRATION, ETC.


SPONSOR HIGHLY MOTIVATED HIGH SCHOOL SENIORS FROM LOW INCOME FAMILIES AND TO COLLEGE STUDENTS WITH FINANCIAL HARDSHIPS; MEET OR SEND INFORMATION PACKETS TO LOCAL HIGH SCHOOL COUNSELORS AND FINALLY PROMOTE THE SCHOLARSHIP PROGRAM VIA LOCAL NEWSPAPERS, RADIO OR TV.


TO SPONSOR VARIOUS EDUCATIONAL, MEDICAL, AND CHARITABLE EVENTS HELD BY CHARITABLE ORGANIZATIONS INCLUDING THE LOCAL SERVICE CLUBS, FOUNDATION, AND CHARITABLE GROUPS THAT BENEFIT GENERAL COMMUNITY FOR THEIR CHARITABLE CAUSE.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $147,465
Interest on Savings $0
Dividends & Interest $15,550
Net Rental Income$0
Net Gain on Sale of Assets $19,169
Capital Gain Net Income $19,169
Net ST Capital Gain $16,185
Income Modifications $0
Profit on Inventory Sales $0
Other Income $781
Total Revenue $182,965

Grants Awarded

Over the last fiscal year, Icare Philanthropic Foundation has awarded $77,600 in support to 34 organizations.

Grant RecipientAmount

BUDDHIST TZU CHI FOUNDATION

Org PageRecipient Profile

San Dimas, CA

PURPOSE: CHARITABLE PURPOSE

$14,000

WISH OF ANGELS MISSIONS

Org PageRecipient Profile

Arcadia, CA

PURPOSE: CHARITABLE PURPOSE

$11,000

CHINESE AMERICAN PROFESSIONAL ASSOCIATIO

PURPOSE: CHARITABLE PURPOSE

$5,000

JAMES FU

PURPOSE: CHARITABLE SUPPORT

$4,000

JONATHAN FU

PURPOSE: CHARITABLE SUPPORT

$4,000

TORI FU

PURPOSE: CHARITABLE SUPPORT

$4,000
View Grant Profile

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