Harvard-Yenching Institute
- Assets
- $357.4m
- Revenue
- $5.0m
- Investments
- $357.3m
- Employees
- 8
- Location
- Cambridge, MA
- Founding
- 05/1934
- Data as of
- 06/2021
- EIN
- 04-2062394
Organization Overview
Harvard-Yenching Institute is located in Cambridge, MA. The organization was established in 1934. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Harvard-Yenching Institute employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard-Yenching Institute 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 06/2021, Harvard-Yenching Institute generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harvard-Yenching Institute has awarded 19 individual grants totaling $27,141,016. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HARVARD-YENCHING INSTITUTE ("HYI") PROVIDES FINANCIAL SUPPORT TO PROMOTE HIGHER EDUCATION IN ASIA/SELECTED EDUCATIONAL INSTITUTIONS IN ASIA, THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE ("HARVARD"), AND THE UNITED BOARD FOR CHRISTIAN HIGHER EDUCATION IN ASIA ("UBCHEA").
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO SUPPORT HARVARD TO SUPPORT THE UNITED BOARD'S INITIATIVES TO SUPPORT ASIAN INSTITUTIONS THROUGH FACULTY AND LEADERSHIP DEVELOP PROGRAMS AND PROGRAM GRANTS WHICH SUPPORT HIGHER EDUCATION IN ASIA.
PROVIDES SUPPORT TO HARVARD UNIVERSITY IN THE FORM OF GRANTS TO SUPPORT THE HARVARD-YENCHING LIBRARY, THE HARVARD JOURNAL OF ASIATIC STUDIES, PUBLICATIONS OF SCHOLARLY WORKS IN THE HUMANITIES AND SOCIAL SCIENCES AND PROVIDES GRANTS TO SUPPORT ASIAN STUDENTS' ATTENDANCE IN HARVARD GRADUATE PROGRAMS ALL TO SUPPORT HIGHER EDUCATION IN ASIA.
PROVIDES GRANTS TO SUPPORT PUBLICATIONS, CONFERENCES, TRAINING PROGRAMS WITH THE PURPOSE OF SUPPORTING HIGHER EDUCATION IN ASIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth J Perry Director | Officer | 35 | $196,733 |
Ruohong Li Associate Director | 35 | $117,632 | |
Susan Scott Assistant Director | Officer | 35 | $97,703 |
Helena Kolenda Chairman | OfficerTrustee | 1 | $0 |
Karen Thornber Trustee | Trustee | 0.5 | $0 |
James Robson Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $6,498 |
| Investment income | $519,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,573 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,461,424 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,038,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,912,648 |
| Grants and other assistance to domestic individuals. | $195,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $856,756 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $370,661 |
| Compensation of current officers, directors, key employees. | $370,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,157 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,569 |
| Advertising and promotion | $0 |
| Office expenses | $23,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,989 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,136,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $115,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $357,267,432 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,528 |
| Total assets | $357,386,063 |
| Accounts payable and accrued expenses | $2,796,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,796,943 |
| Net assets without donor restrictions | $189,359 |
| Net assets with donor restrictions | $354,399,761 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $357,386,063 |
Grants Awarded
Over the last fiscal year, Harvard-Yenching Institute has awarded $3,912,648 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: TO SUPPORT HARVARD-YENCHING LIBRARY, HARVARD GRADUATE PROGRAMS, ASIA CENTER MONOGRAPHS AND HARVARD JOURNAL OF ASIATIC STUDIES. | $2,137,648 |
New York, NY PURPOSE: FOR THE CHINA-US SCHOLARS FELLOWSHIP PROGRAM | $1,000,000 |
New York, NY PURPOSE: TO SUPPORT THE ORGANIZATION'S GRANT PROGRAMS IN ASIA | $775,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harvard-Yenching Institute has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fayeth Foundation Inc Pomona, CA PURPOSE: TO SUPPORT VISITING FELLOWS WHO ARE PURSUING GRADUATE DEGREES AT UNIVERSITIES IN ASIA AND WHO ARE COMING TO HYI FOR ADVANCED TRAINING AND RESEARCH | $10,000 |
Endowment Analysis
| Beg. Balance | $269,491,291 |
| Earnings | $90,824,943 |
| Other Expense | $5,916,473 |
| Ending Balance | $354,399,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Open Society International Inc New York, NY | $43,304,993 | $33,954,105 |
Harvard-Yenching Institute Cambridge, MA | $357,386,063 | $5,038,189 |
Idealistorg Inc New York, NY | $8,884,686 | $10,106,263 |
Americas Society Inc New York, NY | $65,186,397 | $5,307,206 |
China Institute In America Incorporated New York, NY | $39,618,019 | $6,570,371 |
American-Scandinavian Foundation New York, NY | $56,118,805 | $3,574,288 |
Peaceworks Network Foundation New York, NY | $9,232,893 | $2,717,484 |
Auschwitz Instut For The Prevention Of Genocide And Mass Atrocities New York, NY | $427,684 | $2,862,009 |
Korea Society New York, NY | $30,574,587 | $3,688,770 |
Netherland-America Foundation Incorporated New York, NY | $8,725,622 | $2,894,571 |
Voices Project Usa Inc New York, NY | $1,073,630 | $1,592,705 |
American Council On Germany Inc New York, NY | $14,800,299 | $2,111,955 |