Tang Fund
- Assets
- $43.6m
- Revenue
- $4.6m
- Investments
- $40.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 38-3973256
Organization Overview
Tang Fund is located in New York, NY. The organization was established in 2015. 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. Tang Fund 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 12/2023, Tang Fund generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tang Fund has awarded 472 individual grants totaling $32,759,915. 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
DIVERSITY AND RACISM AWARENESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oscar L Tang President | 2 | $0 | |
Hsin-Mei Agnes Hsu Director/vice President | 1 | $0 | |
Gwenn S Winkhaus Secretary/treasurer | 1 | $0 | |
Catherine L Wornom Asst. Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $154,923 |
| Dividends & Interest | $389,608 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,097,248 |
| Capital Gain Net Income | $4,097,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,860 |
| Total Revenue | $4,645,639 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $89,569 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $248,004 |
| Total operating and administrative expenses | $345,248 |
| Contributions, gifts, grants paid | $7,020,186 |
| Total expenses and disbursements | $7,365,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,246,742 |
| 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 | $40,331,931 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,613,253 |
| 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, Tang Fund has awarded $7,020,186 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF ARTS AND SCIENCES PURPOSE: CHARITABLE | $30,000 |
ADOPT-A-DOG INC PURPOSE: CHARITABLE | $2,000 |
AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH PURPOSE: CHARITABLE | $4,850 |
518 ELEVATED PURPOSE: CHARITABLE | $500 |
AMERICAN PRAIRIE RESERVE PURPOSE: CHARITABLE | $10,000 |
AMERICAN BALLET THEATRE FOUNDATION INC PURPOSE: CHARITABLE | $3,000 |