The Chan Soon-Shion Family Foundati On
- Assets
- $145.3m
- Revenue
- -$26.2m
- Investments
- $242.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/2010
- Data as of
- 09/2022
- EIN
- 26-4384360
Organization Overview
The Chan Soon-Shion Family Foundati On is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Chan Soon-Shion Family Foundati On is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Chan Soon-Shion Family Foundati On has awarded 149 individual grants totaling $67,034,671. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Soon-Shiong Director, President | 0.5 | $0 | |
Michele Soon-Shiong Director, Cfo, Secretary | 0.5 | $0 | |
Charles Kenworthy Executive Vice President | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rodriguez Horii Choi & Cafferata Llp | 9/29/22 | $112,262 |
Holthouse Carlin & Van Trigt Llp | 9/29/22 | $67,795 |
Jones Day | 9/29/22 | $1,258,321 |
Merrill Lynch | 9/29/22 | $203,313 |
Rodriguez Horii Choi Cafferata L | 9/29/22 | $0 |
Jones Day | 9/29/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,320,500 |
| Interest on Savings | $15,599 |
| Dividends & Interest | $6,169,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,457,711 |
| Capital Gain Net Income | $3,457,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$61,124,628 |
| Total Revenue | -$26,160,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $238,342 |
| Total operating and administrative expenses | $1,788,090 |
| Contributions, gifts, grants paid | $13,122,504 |
| Total expenses and disbursements | $14,910,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,601 |
| Savings and temporary cash investments | $3,777,321 |
| 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 | -$100,936,356 |
| Total assets | $145,250,988 |
| 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, The Chan Soon-Shion Family Foundati On has awarded $13,122,504 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
RESURRECTION CATHOLIC SCHOOL PURPOSE: CHARITABLE | $30,000 |
ST MARTIN OF TOURS PURPOSE: CHARITABLE | $80,000 |
INFECTIOUS DISEASE RESEARCH INSTITUTE PURPOSE: CHARITABLE | $9,000,000 |
ARIZONA STATE UNIVERSITY - MCCAIN INSTITUTE PURPOSE: CHARITABLE | $100,000 |
CHILDRENS HOSPITAL LOS ANGELES PURPOSE: CHARITABLE | $10,000 |
GASOL FOUNDATION PURPOSE: CHARITABLE | $100,000 |