Ge Li & Ning Zhao Family Foundation

WILMINGTON, DE EIN: 35-2684719

Ge Li & Ning Zhao 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 $309.6M in total assets. In 2024, it awarded 4 grants totaling $205K. Net investment income was $31.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$309.6M

+9.6% YoY

Annual Giving

$205K

-98.0% YoY

Grant Count

4

-55.6% YoY

Avg Grant Size

$51K

-95.5% YoY

Under IRS private-foundation payout rules, Ge Li & Ning Zhao Family Foundation reported a distributable amount of $13.0M for 2024 — the minimum it must pay out in qualifying distributions.

About Ge Li & Ning Zhao Family Foundation

Based on IRS filings

Ge Li & Ning Zhao 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 $309.6M in total assets. In 2024, it awarded 4 grants totaling $205K. Net investment income was $31.9M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Cities

BedminsterCambridgeHightstownLa JollaMillbraeNew YorkPhiladelphiaRockvilleSeattle

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$66M$132M$198M$265M20202021202220232024
Metric202420232022
Total Assets$309,638,428$282,599,844$279,755,047
Revenue$29,598,316$15,840,148$-34,071,258
Expenses$2,658,820$12,606,422$14,841,553
Qualifying Distributions$679,994$10,602,584$13,107,999
Net Investment Income$31,925,612$51,946,456$35,179,344
Distributable Amount$12,976,181$11,277,812$11,145,604

Giving Over Time

Total grant dollars and number of grants per year

$0$3M$6M$10M$13M1 grants20205 grants20219 grants20229 grants20234 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

MEMORIAL SLOAN-KETTERING…$100KMADISON SQUARE PARK CONS…$55KCANCER RESEARCH AMERICA …$25KNEW YORK-PRESBYTERIAN FU…$25K

Grant Size Distribution

28 grants across all recorded years

8<$50K2$50–100K3$100–250K1$250–500K$500K–1M14$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ ($100,000), Madison Square Park Conservancy Inc ($55,000), Cancer Research America Nfcr Inc ($25,000).

RecipientPurposeAmount
CANCER RESEARCH AMERICA NFCR INC ROCKVILLE, MDIn support of "The Nearness of You Concert" at Lincoln Center in New York City$25,000
MADISON SQUARE PARK CONSERVANCY INC NEW YORK, NYCharitable Event$55,000
MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ NEW YORK, NYGeneral & Unrestricted$100,000
NEW YORK-PRESBYTERIAN FUND INC NEW YORK, NYCenter for Youth Mental Health$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
Dr Ge LiDir, Pres, Sec, Treas12
Michael Le-Cheng LiDir, Treas, Pres, Sec8

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Ge Li & Ning Zhao Family Foundation?

Ge Li & Ning Zhao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $309.6M in total assets as of 2024.

How large is Ge Li & Ning Zhao Family Foundation?

As of 2024, Ge Li & Ning Zhao Family Foundation holds $309.6M in total assets with $29.6M in annual revenue. It awarded 4 grants totaling $205K in 2024.

Where does Ge Li & Ning Zhao Family Foundation operate?

Ge Li & Ning Zhao Family Foundation has awarded grants in California, Massachusetts, Maryland, New Jersey, New York, Pennsylvania, Washington.

What size grants does Ge Li & Ning Zhao Family Foundation award?

In 2024, Ge Li & Ning Zhao Family Foundation awarded 4 grants totaling $205K — an average of about $51K per grant, based on its IRS Form 990 filings.

How much is Ge Li & Ning Zhao Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ge Li & Ning Zhao Family Foundation reported a distributable amount of $13.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Ge Li & Ning Zhao Family Foundation's EIN?

Ge Li & Ning Zhao Family Foundation's EIN (Employer Identification Number) is 35-2684719. 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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