Fosun Foundation (New York)
Fosun Foundation (New York) is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 2 grants totaling $2.1M.
Fosun Foundation (New York) at a glance
In short: Fosun Foundation (New York) gave $2.1M across 2 grants in 2025 (avg $1.0M), mostly in Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,060,000
- +2842.9% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $1,030,000
- +1371.4% vs 2024
- Median grant
- $1,030,000
- Total assets
- $1,393,521
- +5.8% vs 2024
- Primary geography
- Connecticut (97% 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 Fosun Foundation (New York) funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Yale University ($2.0M). Together the top 2 received $2.1M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 12 (42%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Fosun Foundation (New York) gives
- Giving grew 984% from 2022 to 2025. Method
- In 2025 it paid out well above 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 $70K (2024) to $2.1M (2025). In 2025 it made 2 grants totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Yale University New Haven, CT | General Support | $2,000,000 |
| The Webb Schools Claremont, CA | General Support | $60,000 |
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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 | $1,393,521 | $2,060,001 | $2,069,181 | $2,060,000 | 2 | $2,069,093 | — | $66,666 |
| 2024 | $1,317,701 | $70,001 | $124,207 | $70,000 | 1 | $124,140 | — | $65,650 |
| 2023 | $1,371,907 | $110,007 | $204,118 | $195,000 | 3 | $203,814 | — | $69,474 |
| 2022 | $1,466,018 | $34 | $213,882 | $190,000 | 3 | $213,719 | — | $79,458 |
| 2021 | $1,679,866 | $213 | $297,350 | $290,000 | 3 | $297,260 | $123 | $88,331 |
| 2020 | $1,877,003 | $1,272,297 | $762,942 | $743,586 | 24 | — | — | $92,213 |
Under IRS private-foundation payout rules, Fosun Foundation (New York) reported a distributable amount of $67K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Fosun Foundation (New York)'s 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Wei Bo
Director
On filings since 2020
5 hrs/week
No compensation reported
Wei Zheng
CFO
On filings since 2023
5 hrs/week
No compensation reported
Former officers (1)
- Former: Ying Shen (2020–2022) — CFO
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 Fosun Foundation (New York)
How much does Fosun Foundation (New York) give each year?
Fosun Foundation (New York) gave $2.1M across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $70K across 1 grant.
How large is Fosun Foundation (New York)?
Fosun Foundation (New York) reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $67K (roughly 5% of its investment assets).
Where does Fosun Foundation (New York) operate?
Fosun Foundation (New York) has awarded grants in California, Connecticut, Georgia, Iowa, Illinois, Massachusetts, Maryland, New Jersey, New York, Virginia.
What is Fosun Foundation (New York)'s EIN?
Fosun Foundation (New York)'s EIN (Employer Identification Number) is 81-1550129. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 11, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
Live grants for the work Fosun Foundation (New York) funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Fosun Foundation (New York)'s focus areas in our free grants database
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