Bing and Rachel Zhang Family Foundation
Bing and Rachel Zhang Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 11 grants totaling $506K. Net investment income was $238K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.4M
-7.3% YoY
Annual Giving
$506K
-5.0% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$46K
-5.0% YoY
Under IRS private-foundation payout rules, Bing and Rachel Zhang Family Foundation reported a distributable amount of $214K for 2024 — the minimum it must pay out in qualifying distributions.
About Bing and Rachel Zhang Family Foundation
Based on IRS filings
Bing and Rachel Zhang Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 11 grants totaling $506K. Net investment income was $238K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,408,962 | $3,677,507 | $4,200,700 |
| Revenue | $277,277 | $41,305 | $178,580 |
| Expenses | $545,822 | $564,499 | $514,265 |
| Qualifying Distributions | $506,000 | $532,630 | $471,030 |
| Net Investment Income | $237,605 | $89,174 | $178,580 |
| Distributable Amount | $213,736 | $204,996 | $241,308 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Kentucky ($466,500), Dcaa ($13,000), Archmere Academy ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Archmere Academy Claymont, DE | Charitable Function | $10,000 |
| Second Harvest Food Bank of Central FL Orlando, FL | Charitable Function | $1,000 |
| CACC Hockessin, DE | Charitable Function | $1,000 |
| DCAA Hockessin, DE | Charitable Function | $13,000 |
| University of Delaware Newark, DE | Charitable Function | $2,000 |
| Oregon State University Corvallis, OR | Charitable Function | $5,000 |
| University of Kentucky Lexington, KY | Charitable Function | $466,500 |
| University of Pennsylvania Philadelphia, PA | Charitable Function | $2,500 |
| DCAGA Wilmington, DE | Charitable Function | $500 |
| USTC Alumni Foundation Santa Clara, CA | Charitable Function | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BING ZHANG | President | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bing and Rachel Zhang Family Foundation?
Bing and Rachel Zhang Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $3.4M in total assets as of 2024.
How large is Bing and Rachel Zhang Family Foundation?
As of 2024, Bing and Rachel Zhang Family Foundation holds $3.4M in total assets with $277K in annual revenue. It awarded 11 grants totaling $506K in 2024.
Where does Bing and Rachel Zhang Family Foundation operate?
Bing and Rachel Zhang Family Foundation has awarded grants in California, Delaware, Florida, Kentucky, Oregon, Pennsylvania.
What size grants does Bing and Rachel Zhang Family Foundation award?
In 2024, Bing and Rachel Zhang Family Foundation awarded 11 grants totaling $506K — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is Bing and Rachel Zhang Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bing and Rachel Zhang Family Foundation reported a distributable amount of $214K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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