Ping And Amy Chao Family Foundation
- Assets
- $3.7m
- Revenue
- $161.9k
- Investments
- $3.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2006
- Data as of
- 11/2023
- EIN
- 20-6750125
Organization Overview
Ping And Amy Chao Family Foundation is located in Wilmington, DE. 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. Ping And Amy Chao 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 11/2023, Ping And Amy Chao Family Foundation generated $161.9k 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 (10.8%) each year. All expenses for the organization totaled $1.5m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ping And Amy Chao Family Foundation has awarded 212 individual grants totaling $12,469,615. 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
NGO / VOLUNTEER PROJECT: PROVIDE WEBSITE & DATABASE LINKING NGO'S TO VOLUNTEERS TO RAISE AWARENESS AND ACTION AMONG YOUTH TO BRING SOCIAL CHANGE TO THE GLOBAL CHINESE DIASPORA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy H Chao Co-Trustee | 5 | $0 | |
Shiu-Kai Chao Co-Trustee | 1 | $0 | |
Shiu-Ping Chao Co-Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,430 |
| Dividends & Interest | $113,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,214 |
| Capital Gain Net Income | $46,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $161,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,300 |
| Depreciation | $0 |
| Occupancy | $11,550 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,194 |
| Total operating and administrative expenses | $76,896 |
| Contributions, gifts, grants paid | $1,398,525 |
| Total expenses and disbursements | $1,475,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $469,292 |
| 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 | $2,000 |
| Total assets | $3,689,091 |
| 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, Ping And Amy Chao Family Foundation has awarded $1,398,525 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
1001 FONTAINES POUR DEMAIN PURPOSE: GENERAL & UNRESTRICTED | $80,000 |
BURMA HUMANITARIAN MISSION PURPOSE: SUPPORT BACKPACK MEDIC TEAMS OPERATING IN CONFLICT REGIONS IN NORTHERN, WESTERN, AND EASTERN MYANMAR, AND THE TRAINING OF NEW BACKPACK MEDICS | $57,196 |
CHILDREN ON THE EDGE PURPOSE: GENERAL & UNRESTRICTED | $51,329 |
ANGKOR HOSPITAL FOR CHILDREN INC PURPOSE: TRAINING THE NEXT GENERATION OF CAMBODIA'S HEALTHCARE WORKFORCE IN HIGH QUALITY PEDIATRIC CARE | $112,000 |
CHILDRENS HEARTLINK PURPOSE: ADVANCING PEDIATRIC CARDIAC CARE IN HANOI VIETNAM BY PROVIDING TRAINING TO 400 CLINICIANS IN HANDS-ON SKILL DEVELOPMENT AND KNOWLEDGE DEVELOPMENT, AND INVESTIGATION OF THE EXTENDED REALITY (XR) TECHNOLOGIES | $189,000 |
CHINESE CANCER MEMORIAL FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $80,000 |