Ge Li & Ning Zhao Family Foundation
- Assets
- $279.8m
- Revenue
- -$34.1m
- Investments
- $268.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 35-2684719
Organization Overview
Ge Li & Ning Zhao Family Foundation is located in Wilmington, DE. 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. Ge Li & Ning Zhao 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.
Since 2021, Ge Li & Ning Zhao Family Foundation has awarded 14 individual grants totaling $20,978,632. 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.
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 |
|---|---|---|---|
Dr Ge Li Dir, Treas | 4 | $0 | |
Michael Le-Cheng Li Dir | 8 | $0 | |
Dr Ning Zhao Dir, Pres, Sec | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Enboon Capital Management Corporation | 12/30/22 | $1,483,333 |
Foundation Source | 12/30/22 | $113,383 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,319,172 |
| Interest on Savings | $28,922 |
| Dividends & Interest | $6,989,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$68,016,103 |
| Capital Gain Net Income | $23,785,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,607,329 |
| Total Revenue | -$34,071,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $501,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121,966 |
| Total operating and administrative expenses | $2,132,921 |
| Contributions, gifts, grants paid | $12,708,632 |
| Total expenses and disbursements | $14,841,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,337,944 |
| 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 | $10,486,706 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $279,755,047 |
| 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 | $388,929 |
| Total liabilities | $388,929 |
Grants Awarded
Over the last fiscal year, Ge Li & Ning Zhao Family Foundation has awarded $12,708,632 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK PURPOSE: FOR THE BENEFIT OF COLUMBIA COLLEGE, THE FACULTY OF ARTS AND SCIENCES AND THE GRADUATE SCHOOL OF ARTS & SCIENCES | $3,000,000 |
FRED HUTCHINSON CANCER CENTER PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
MEMORIAL SLOAN-KETTERING CANCER CENTER THE SOCIET PURPOSE: THE MSK PRESIDENTIAL VISION FUND | $100,000 |
MEMORIAL SLOAN-KETTERING CANCER CENTER THE SOCIET PURPOSE: TO ESTABLISH THE NING ZHAO & GE LI FAMILY INITIATIVE FOR LUNG CANCER RESEARCH AND NEW THERAPIES | $4,000,000 |
PEKING UNIVERSITY EDUCATION FOUNDATION USA PURPOSE: ENDOWMENT FUND AT THE YENCHING ACADEMY OF PEKING UNIVERSITY | $1,578,632 |
SOMERSET HILLS LEARNING INSTITUTE INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |