H&h Evergreen Foundation
- Assets
- $393.6m
- Revenue
- $39.4m
- Investments
- $392.8m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 04/2015
- Data as of
- 12/2020
- EIN
- 46-5066162
Organization Overview
H&h Evergreen Foundation is located in Menlo Park, CA. 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. H&h Evergreen 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 12/2020, H&h Evergreen Foundation generated $39.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $56.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiao Yun Zhu Director | 20 | $48,000 | |
Yong Duan Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,112 |
| Dividends & Interest | $10,522,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,911,266 |
| Capital Gain Net Income | $28,911,266 |
| Net ST Capital Gain | $3,215,090 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,435,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $74,750 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $286,579 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,990 |
| Total operating and administrative expenses | $499,589 |
| Contributions, gifts, grants paid | $55,748,609 |
| Total expenses and disbursements | $56,248,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $867,530 |
| 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 | $392,780,184 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $393,647,714 |
| 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 | $4,664 |
| Total liabilities | $4,664 |
Grants Awarded
Over the last fiscal year, H&h Evergreen Foundation has awarded $111,497,218 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE DONOR ADVISED FUN PURPOSE: CHARITY (STATEMENT 6) | $55,345,609 |
SCHWAB CHARITABLE DONOR ADVISED FUN PURPOSE: CHARITY (STATEMENT 6) | $55,345,609 |
New York, NY PURPOSE: CHARITY | $200,000 |
New York, NY PURPOSE: CHARITY | $200,000 |
CITY OF EAST PALO ALTO POLICE DEPAR PURPOSE: CHARITY & PUBLIC SAFETY | $125,000 |
CITY OF EAST PALO ALTO POLICE DEPAR PURPOSE: CHARITY & PUBLIC SAFETY | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |