Lui And Wan Foundation
- Assets
- $8.6m
- Revenue
- $364.3k
- Investments
- $8.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2002
- Data as of
- 02/2023
- EIN
- 13-4161117
Organization Overview
Lui And Wan Foundation is located in New York, NY. The organization was established in 2002. 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. Lui And Wan 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 02/2023, Lui And Wan Foundation generated $364.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $1.4m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lui And Wan Foundation has awarded 36 individual grants totaling $9,542,975. 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
TO FUND SPECIAL PROJECTS, SCHOLARHIP AND/OR RESEARCH GRANT FOR THE IMPROVEMENT OF EDUCATION, MEDICAL SERVICES, AND RESEARCHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Livia Wan Lui Director | 0 | $0 | |
Lawrence Lui President | 0 | $0 | |
Yvonne Lui Secretary | 0 | $0 | |
Deborah Chan Director | 0 | $0 | |
Flora R Si Director | 0 | $0 | |
David Lefer Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $312,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,407 |
| Capital Gain Net Income | $51,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $364,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,309 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,559 |
| Total operating and administrative expenses | $55,868 |
| Contributions, gifts, grants paid | $1,382,500 |
| Total expenses and disbursements | $1,438,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630,392 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,609,041 |
| Accounts payable and accrued expenses | $29,450 |
| 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 | $29,450 |
Grants Awarded
Over the last fiscal year, Lui And Wan Foundation has awarded $1,382,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: ACTING PROGRAM | $105,000 |
ALLIANCE DEVELOPMENT OF THEATRE ART PURPOSE: SCHOLARSHIPS | $30,000 |
NYU SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP FUND | $500,000 |
KINHAVEN MUSIC SCHOOL INC PURPOSE: MUSIC HALL RENOVATION | $250,000 |
BROWN UNIVERSITY PURPOSE: PERFROMING ART CENTER RENOVATION | $100,000 |
NYU LANGONE MEDICAL CENTER PURPOSE: PROFESSORSHIP FOR RESEARCH | $397,500 |