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
The information for H&h Evergreen Foundation is as of the organization's most recent filing in December '20. This organization is located in Menlo Park, CA. It has been in existence for 5 years, following its founding in 2015.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The H&h Evergreen Foundation is a Private Grantmaking Foundation classified under Philanthropy, Voluntarism & Grantmaking Foundations with an NTEE code of T20. As a nongovernmental, nonprofit organization, it receives funds from a single source and manages its own programs through trustees or directors. The foundation is dedicated to maintaining or aiding social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, it is classified under section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
Grant History
Our dataset contains one year of grant history for the H&h Evergreen Foundation. In this year, they have awarded a total of eight grants, with an average check size of $13,937,152. The majority of the grants (2) were awarded in the Health Care sector. Furthermore, the organization primarily awards grants in California (6) and New York (2).
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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 |