Hsieh Family Foundation
- Assets
- $13.6m
- Revenue
- $935.8k
- Investments
- $13.0m
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-2790125
Organization Overview
Hsieh Family Foundation is located in South Pasadena, CA. The organization was established in 2006. 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. Hsieh 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 12/2021, Hsieh Family Foundation generated $935.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $664.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hsieh Family Foundation has awarded 107 individual grants totaling $15,057,772. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ming Hsieh Director - Chairman | 1 | $0 | |
Fang Zhi Liu Hsieh Director - Secretary/cfo | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miller Barondes Llp | 12/30/20 | $5,205 |
Boulevard Family Wealth | 12/30/20 | $113,486 |
Andersen Tax Llc | 12/30/20 | $33,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $335,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $541,977 |
| Capital Gain Net Income | $541,977 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58,442 |
| Total Revenue | $935,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,939 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $132,653 |
| Total operating and administrative expenses | $197,342 |
| Contributions, gifts, grants paid | $466,770 |
| Total expenses and disbursements | $664,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $581,640 |
| 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 | $14,635 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,836,739 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,580,186 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $15,095,112 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $26,900 |
| Total liabilities | $15,122,012 |
Grants Awarded
Over the last fiscal year, Hsieh Family Foundation has awarded $466,770 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: NATIONAL COMMITTEE GALA | $250,000 |
Washington, DC PURPOSE: RESEARCH FUND 2021 | $110,000 |
IBM CORPORTATE GIVING PROGRAM PURPOSE: ANNUAL CONVENTION CONTRIBUTION | $25,000 |
CHINA INSTITUTE IN AMERICA PURPOSE: BLUE CLOUD GALA | $25,000 |
Pasadena, CA PURPOSE: POLY FUND | $14,000 |
NATIONAL ACADEMY OF ENGINEERING PURPOSE: CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |