Biao & June Lu Foundation
Biao & June Lu Foundation is a private foundation, based in Palo Alto, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $353K in total assets. In 2024, it awarded 1 grant totaling $1K. Net investment income was $52K.
Biao & June Lu Foundation at a glance
In short: Biao & June Lu Foundation gave $1K across 1 grant in 2024 (avg $1K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,000
- -60.0% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $1,000
- -20.0% vs 2023
- Median grant
- $1,000
- Total assets
- $353,314
- -11.2% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Biao & June Lu Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Jehavah Witnesses ($1K).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Biao & June Lu Foundation gives
- Giving fell 62% from 2021 to 2024. Method
- In 2024 it paid out 304% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1K (2024) to $5K (2020). In 2024 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jehavah Witnesses Wallkill, NY | Charitable | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $353,314 | $52,064 | $110,462 | $1,000 | 1 | $110,140 | $51,742 | $36,200 |
| 2023 | $397,745 | $19,706 | $129,111 | $2,500 | 2 | $128,194 | $19,683 | $37,136 |
| 2022 | $534,424 | $435 | $87,896 | $2,500 | 2 | $86,797 | $10,189 | $46,615 |
| 2021 | $591,089 | $75,487 | $64,906 | $2,600 | 2 | — | $75,427 | $45,769 |
| 2020 | $582,931 | $-11,468 | $45,378 | $4,600 | 3 | — | $13,046 | $33,247 |
Under IRS private-foundation payout rules, Biao & June Lu Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Biao & June Lu Foundation is led by Biao Lu, CEO on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Biao Lu
CEO
On filings since 2020
2 hrs/week
No compensation reported
June Shen
CFO
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Biao & June Lu Foundation
How much does Biao & June Lu Foundation give each year?
Biao & June Lu Foundation gave $1K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 2 grants.
How large is Biao & June Lu Foundation?
Biao & June Lu Foundation reported $353K in total assets on its 2024 IRS Form 990-PF. It paid out $110K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets).
Where does Biao & June Lu Foundation operate?
Biao & June Lu Foundation has awarded grants in California, Kansas, North Carolina, New York.
What is Biao & June Lu Foundation's EIN?
Biao & June Lu Foundation's EIN (Employer Identification Number) is 26-1367852. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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