Grace And Li Yu Family Foundation
- Assets
- $5.6m
- Revenue
- $1.4m
- Investments
- $5.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-3822395
Organization Overview
Grace And Li Yu Family Foundation is located in Los Angeles, 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. Grace And Li Yu 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 12/2022, Grace And Li Yu Family Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Grace And Li Yu Family Foundation has awarded 511 individual grants totaling $2,877,905. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Yu CEO | 0 | $0 | |
Li Yu Cfo/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,168,613 |
| Interest on Savings | $1,613 |
| Dividends & Interest | $117,476 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,793 |
| Capital Gain Net Income | $126,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,414,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,724 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,317 |
| Total operating and administrative expenses | $13,841 |
| Contributions, gifts, grants paid | $1,031,679 |
| Total expenses and disbursements | $1,045,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,270 |
| 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 | $0 |
| Investments—other | $527,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,554,872 |
| 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, Grace And Li Yu Family Foundation has awarded $1,031,679 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
UCLA MEDICAL HOSPITALITY PROGRAM FUND PURPOSE: CHARITABLE PURPOSE | $17,400 |
THE UCLA FOUNDATION PURPOSE: CHARITABLE PURPOSE | $252,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE PURPOSE | $400 |
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE PURPOSE | $200 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE PURPOSE | $750 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: CHARITABLE PURPOSE | $100 |