Charles Huang Foundation
- Assets
- $65.9m
- Revenue
- $116.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-3792004
Organization Overview
Charles Huang Foundation is located in Pasadena, CA. 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. Charles Huang Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weining Chris Mao President | 33 | $0 | |
Jane Wang CFO & Secretary | 2 | $0 | |
Charles Huang Chairman/director | 4 | $0 | |
Chuantao Ct Wang Vice Chairman | 29 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patterson Belknap Webb & Tyle | 12/30/21 | $64,143 |
Deloitte | 12/30/21 | $51,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $116,035,916 |
| Interest on Savings | $108,900 |
| Dividends & Interest | $0 |
| 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 | $116,144,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,005 |
| Total operating and administrative expenses | $227,329 |
| Contributions, gifts, grants paid | $60,129,160 |
| Total expenses and disbursements | $60,356,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,760,138 |
| Savings and temporary cash investments | $60,108,822 |
| 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 | $0 |
| Total assets | $65,868,960 |
| Accounts payable and accrued expenses | $633 |
| Grants payable | $10,080,000 |
| 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 | $10,080,633 |
Grants Awarded
Over the last fiscal year, Charles Huang Foundation has awarded $50,049,160 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF STRATHCLYDE PURPOSE: EDUCATION | $30,000,000 |
WUHAN UNIVERSITY EDUCATION AND DEVELOPMENT FOUNDATION PURPOSE: EDUCATION | $20,000,000 |
Arcadia, CA PURPOSE: GENERAL | $49,160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |