Future Wanxiang Foundation Inc
- Assets
- $32.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- South Barrington, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-1628916
Organization Overview
Future Wanxiang Foundation Inc is located in South Barrington, IL. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Future Wanxiang Foundation Inc 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, Future Wanxiang Foundation Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Future Wanxiang Foundation Inc has awarded 48 individual grants totaling $2,638,642. 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 |
|---|---|---|---|
Weidi Lu President | 20 | $26,154 | |
Gang Li Treasurer | 1 | $0 | |
Pin Ni Executive Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,300,000 |
| Interest on Savings | $199,335 |
| Dividends & Interest | $9,272 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,508,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,154 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,499 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,654 |
| Total operating and administrative expenses | $43,761 |
| Contributions, gifts, grants paid | $1,072,400 |
| Total expenses and disbursements | $1,116,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,488,437 |
| Savings and temporary cash investments | $10,114,732 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,998,044 |
| Total assets | $32,601,213 |
| 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, Future Wanxiang Foundation Inc has awarded $1,072,400 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: GENERAL SUPPORT | $550,000 |
NATIONAL COMMITTEE ON US-CHINA RELATIONS PURPOSE: GENERAL SUPPORT | $100,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $85,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $75,000 |
CHINA INSTITUTE PURPOSE: GENERAL SUPPORT | $65,000 |
Arlington, VA PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |