Chu Family Foundation
- Assets
- $19.7m
- Revenue
- $3.1m
- Investments
- $18.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-0894741
Organization Overview
Chu Family Foundation is located in New York, NY. The organization was established in 2016. 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. Chu 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.
For the year ending 12/2022, Chu Family Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Chu Family Foundation has awarded 23 individual grants totaling $10,942,560. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur P Chu Trustee | 1 | $0 | |
Jariya Wanapun Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,526,008 |
| Interest on Savings | $8 |
| Dividends & Interest | $503,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,102,830 |
| Capital Gain Net Income | $1,102,830 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,132,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27,128 |
| Taxes | $33,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175,189 |
| Total operating and administrative expenses | $248,682 |
| Contributions, gifts, grants paid | $2,665,142 |
| Total expenses and disbursements | $2,913,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,536 |
| Savings and temporary cash investments | $632,081 |
| 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 | $16,509,113 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,724,382 |
| 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, Chu Family Foundation has awarded $2,665,142 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD COLLEGE PURPOSE: TO EDUCATE THE CITIZENS AND CITIZEN-LEADERS FOR OUR SOCIETY. | $2,325,000 |
MUSEUM OF CHINESE IN AMERICA PURPOSE: TO TELLING THE UNTOLD STORIES OF THE MAKING OF AMERICA THROUGH THE LENS OF THE CHINESE AMERICAN EXPERIENCE. | $200,000 |
NEW YORK PHILHARMONIC PURPOSE: TO FULFILL THE JAAP LAUNCH FUND WITH OVERAGE BEING APPLIED TO DAVID GEFFEN HALL RENOVATION PLEDGE. | $22,877 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: TO BUILD UPON ITS RICH HISTORY OF EXCELLENCE IN TEACHING, RESEARCH, PUBLIC SERVICE AND ECONOMIC DEVT | $25,000 |
UNIVERSITY OF TORONTO PURPOSE: TO BUILD STRONG PARTNERSHIPS IN AND OUTSIDE THE UNIVERSITY TO ATRACT WORLD CLASS FACULTY AND STAFF WHO CONTRIBUTE TO THE EXCELLENCE THAT DEFINES THIS INSTITUTION | $92,265 |