Bing and Rachel Zhang Family Foundation
Bing and Rachel Zhang Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.2M in total assets. In 2025, it awarded 9 grants totaling $491K. Net investment income was $252K.
Bing and Rachel Zhang Family Foundation at a glance
In short: Bing and Rachel Zhang Family Foundation gave $491K across 9 grants in 2025 (avg $55K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $490,500
- -3.1% vs 2024
- Grants made (2025)
- 9
- -18.2% vs 2024
- Average grant
- $54,500
- +18.5% vs 2024
- Median grant
- $2,000
- Total assets
- $3,249,207
- -4.7% vs 2024
- Primary geography
- Kentucky (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Bing and Rachel Zhang Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was University of Kentucky ($467K). Together the top 9 received $491K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 40 grants of 46 (87%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Bing and Rachel Zhang Family Foundation gives
- Giving held roughly steady from 2022 to 2025 (+4%). Method
- In 2025 it paid out 215% 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 2025, annual grant giving ranged from $462K (2021) to $563K (2020). In 2025 it made 9 grants totaling $491K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Kentucky Lexington, KY | Charitable Function | $466,500 |
| Ustc Washington Foundation Chantilly, VA | Charitable Function | $10,000 |
| University of Pensylvania Philadelphia, PA | Charitable Function | $5,000 |
| University of Delaware Newark, DE | Charitable Function | $2,000 |
| Archmere Academy Claymont, DE | Charitable Function | $2,000 |
| Central Florida Evergreen Seniors Club Apopka, FL | Charitable Function | $2,000 |
| Dcaga Wilmington, DE | Charitable Function | $1,000 |
| Cacc Hockessin, DE | Charitable Function | $1,000 |
| Second Harvest Food Bank of Central Florida Orlando, FL | Charitable Function | $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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,249,207 | $373,084 | $532,839 | $490,500 | 9 | $490,500 | $251,771 | $228,220 |
| 2024 | $3,408,962 | $277,277 | $545,822 | $506,000 | 11 | $506,000 | $237,605 | $213,736 |
| 2023 | $3,677,507 | $41,305 | $564,499 | $532,630 | 11 | $532,630 | $89,174 | $204,996 |
| 2022 | $4,200,700 | $178,580 | $514,265 | $471,030 | 7 | $471,030 | $178,580 | $241,308 |
| 2021 | $4,536,385 | $646,250 | $514,714 | $462,429 | 8 | $462,429 | $346,250 | $264,520 |
| 2020 | $4,405,224 | $1,828,361 | $595,714 | $562,500 | 8 | — | $471,406 | $211,638 |
Under IRS private-foundation payout rules, Bing and Rachel Zhang Family Foundation reported a distributable amount of $228K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bing and Rachel Zhang Family Foundation is led by Bing Zhang, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Bing Zhang
President
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Bing and Rachel Zhang Family Foundation
How much does Bing and Rachel Zhang Family Foundation give each year?
Bing and Rachel Zhang Family Foundation gave $491K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $506K across 11 grants.
What is Bing and Rachel Zhang Family Foundation's typical grant size?
Bing and Rachel Zhang Family Foundation's median grant in 2025 was $2,000, and its average grant was $54,500, across 9 grants on its 2025 IRS Form 990-PF.
Where does Bing and Rachel Zhang Family Foundation give grants?
Bing and Rachel Zhang Family Foundation gives mostly in Kentucky: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Bing and Rachel Zhang Family Foundation give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Bing and Rachel Zhang Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Function" (9 grants).
Who are Bing and Rachel Zhang Family Foundation's largest grantees?
Bing and Rachel Zhang Family Foundation's largest 2025 grantees include University of Kentucky ($466,500), Ustc Washington Foundation ($10,000) and University of Pensylvania ($5,000), according to its 2025 IRS Form 990-PF. Together they received 98% of its itemized 2025 grant dollars.
How large is Bing and Rachel Zhang Family Foundation?
Bing and Rachel Zhang Family Foundation reported $3.2M in total assets on its 2025 IRS Form 990-PF. It paid out $491K in qualifying distributions that year, against a required minimum of $228K (roughly 5% of its investment assets).
What is Bing and Rachel Zhang Family Foundation's EIN?
Bing and Rachel Zhang Family Foundation's EIN (Employer Identification Number) is 83-1344744. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 1, 2026)
- IRS filings on file for fiscal years 2020–2025
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