Derek Wang Family Foundation
Derek Wang Family Foundation is a private foundation, based in Gilroy, CA. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $367K in total assets. In 2026, it awarded 5 grants totaling $13K. Net investment income was $36K.
Derek Wang Family Foundation at a glance
In short: Derek Wang Family Foundation gave $13K across 5 grants in 2026 (avg $3K), mostly in California. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $12,600
- -3.4% vs 2025
- Grants made (2026)
- 5
- -16.7% vs 2025
- Average grant
- $2,520
- +15.9% vs 2025
- Median grant
- $2,000
- Total assets
- $366,597
- +4.9% vs 2025
- Primary geography
- California (84% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Derek Wang Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2026
The largest 2026 recipient was Friends of Children with Special Ne ($6K). Together the top 5 received $13K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 46 grants of 46 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 5 itemized grants.
Cities
How Derek Wang Family Foundation gives
- Giving held roughly steady from 2023 to 2026 (+0%). Method
- In 2026 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2026, annual grant giving ranged from $12K (2020) to $16K (2021). In 2026 it made 5 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of Children with Special Ne Fremont, CA | To help individual with special needs and their families find love, hope, respect, and support through integrated community involvement. | $6,100 |
| Monterey Bay Aquarium Monterey, CA | For over 30 years, the Monterey Bay Aquarium has worked to protect ocean life for future generations by inspiring young and old with the beauty and wonder of the ocean. | $2,500 |
| River of Life Christian Church Santa Clara, CA | For our youth to become disciples who create a kingdom culture and go out to impact the world. | $2,000 |
| James Smithson Society Washington, DC | For the worlds largest museum, education, and research complex, with 19 museums and the National Zooshaping the future by preserving our heritage, discovering new knowledge, and sharing our resources with the world. | $1,000 |
| National Geographic Society Washington, DC | Using the power of science, exploration, education, and storytelling to illuminate and protect the wonder of our world. | $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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $366,597 | $36,458 | $19,328 | $12,600 | 5 | $20,198 | $36,458 | $21,119 |
| 2025 | $349,467 | $17,210 | $19,895 | $13,050 | 6 | $19,895 | $17,210 | $19,897 |
| 2024 | $352,152 | $8,650 | $20,485 | $14,910 | 10 | $20,485 | $13,255 | $18,351 |
| 2023 | $368,299 | $-19,130 | $28,265 | $12,545 | 9 | $28,265 | $12,448 | $18,985 |
| 2022 | $415,694 | $46,500 | $20,171 | $14,058 | 16 | $20,171 | $46,500 | $22,105 |
| 2021 | $389,365 | $21,827 | $21,262 | $15,534 | 18 | — | $21,827 | $20,788 |
| 2020 | $388,800 | $14,252 | $21,670 | $12,398 | 18 | — | $14,849 | $20,529 |
Under IRS private-foundation payout rules, Derek Wang Family Foundation reported a distributable amount of $21K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Derek Wang Family Foundation is led by Xianfeng Wang, President & CEO on every filing since 2020; none of the 2 officers listed in 2026 report compensation.
Officers on the 2026 filing
Xianfeng Wang
President & CEO
On filings since 2020
2 hrs/week
No compensation reported
Wei Li
Secretary & CFO
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2026. "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 Derek Wang Family Foundation
How much does Derek Wang Family Foundation give each year?
Derek Wang Family Foundation gave $13K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $13K across 6 grants.
What is Derek Wang Family Foundation's typical grant size?
Derek Wang Family Foundation's median grant in 2026 was $2,000, and its average grant was $2,520, across 5 grants on its 2026 IRS Form 990-PF.
Where does Derek Wang Family Foundation give grants?
Derek Wang Family Foundation gives mostly in California: 84% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (16%). The most frequent recipient cities were Washington, DC (2 grants).
Does Derek Wang Family Foundation give general operating support?
Not in 2026: none of the 5 grants with a stated purpose on Derek Wang Family Foundation's 2026 IRS Form 990-PF were described as general or operating support.
Who are Derek Wang Family Foundation's largest grantees?
Derek Wang Family Foundation's largest 2026 grantees include Friends of Children with Special Ne ($6,100), Monterey Bay Aquarium ($2,500) and River of Life Christian Church ($2,000), according to its 2026 IRS Form 990-PF. Together they received 84% of its itemized 2026 grant dollars.
How large is Derek Wang Family Foundation?
Derek Wang Family Foundation reported $367K in total assets on its 2026 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Derek Wang Family Foundation's EIN?
Derek Wang Family Foundation's EIN (Employer Identification Number) is 26-4833275. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 7, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Derek Wang Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Derek Wang Family Foundation's focus areas in our free grants database
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