Bin-Fang Foundation

Organization Overview

Bin-Fang Foundation is located in Chester, PA. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Bin-Fang 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, Bin-Fang Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $213.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Bin-Fang Foundation has awarded 19 individual grants totaling $519,107. 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

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

DONATIONS TO ORGANIZATIONS TO PROVIDE CHARITABLE MEDICAL CARE AND RESEARCH TO STOP INFECTIOUS DISEASE


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Board, Officers & Key Employees

Name (title)Compensation
Xiaobin Li
President
$0
Guofang Wang
Chair
$0
Zhong Li
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,003,650
Interest on Savings $4
Dividends & Interest $12,833
Net Rental Income$0
Net Gain on Sale of Assets -$1,750
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,014,737

Grants Awarded

Over the last fiscal year, Bin-Fang Foundation has awarded $159,607 in support to 9 organizations.

Grant RecipientAmount

EVEREST PACE CENTER

PURPOSE: FQHC LOOK ALIVE FACILITY 340B PROGRAM

$100,000

CAPA TE

PURPOSE: COVID EDUCATION

$607

SJTUSMNAF

PURPOSE: COVID EDUCATION

$15,000

FHL CHURCH

PURPOSE: DONATIONS

$4,000

LIANG ZHU MEMORIAL FUND

PURPOSE: SCIENTIFIC & MEDICAL RESEARCH

$10,000

SUNSHINE YOUTH ACTIVITY CENTER

PURPOSE: SUPPORT FOR FIGHTING AGAINST COVID-19

$20,000
View Grant Profile

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