Quietgiant Family Foundation
- Assets
- $352.1k
- Revenue
- $62.2k
- Investments
- $162.2k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 05/2019
- Data as of
- 09/2024
- EIN
- 83-2472974
Organization Overview
Quietgiant Family Foundation is located in Los Altos, CA. The organization was established in 2019. 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. Quietgiant 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 09/2024, Quietgiant Family Foundation generated $62.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $63.9k during the year ending 09/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Quietgiant Family Foundation has awarded 40 individual grants totaling $145,949. 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 |
|---|---|---|---|
Chung-Chi Wang CEO | 2 | $0 | |
Wen-Jung Wang CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,793 |
| Interest on Savings | $2 |
| Dividends & Interest | $7,969 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,526 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $1,654 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $87 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,034 |
| Printing and publications | $0 |
| Other expenses | $20,524 |
| Total operating and administrative expenses | $34,805 |
| Contributions, gifts, grants paid | $29,114 |
| Total expenses and disbursements | $63,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,803 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $58 |
| 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 | $13,340 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $352,104 |
| Accounts payable and accrued expenses | $8,297 |
| 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 | $8,297 |
Grants Awarded
Over the last fiscal year, Quietgiant Family Foundation has awarded $29,114 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD VISION PURPOSE: CHARITABLE | $468 |
LORD'S GRACE CHRISTIAN CHURCH PURPOSE: CHARITABLE | $19,500 |
GOLDEN STATE YOUTH ORCHESTRA PURPOSE: CHARITABLE | $481 |
LAHS MUSIC BOOSTER PURPOSE: CHARITABLE | $120 |
NORTH SHORE CHINESE CHRISTIAN CHURCH PURPOSE: CHARITABLE | $7,500 |
EMORY COLLEGE FUND FOR EXCELLENCE PURPOSE: EDUCATIONAL | $1,000 |