Ge Li & Ning Zhao Family Foundation
Ge Li & Ning Zhao Family Foundation is a private foundation, 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.
Key facts about Ge Li & Ning Zhao Family Foundation
In short: Ge Li & Ning Zhao Family Foundation gave $205K across 4 grants in 2024 (avg $51K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 35-2684719
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $205,000
- Grants made (2024)
- 4
- Average grant
- $51,250
- Median grant
- $40,000
- Total assets
- $309,638,428
- Primary geography
- New York (88% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
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.
How Ge Li & Ning Zhao Family Foundation gives
- Giving fell 98% from 2021 to 2024. Method
- In 2024 it paid out 5% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $205K (2024) to $12.7M (2022). In 2024 it made 4 grants totaling $205K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ ($100K). Together the top 4 received $205K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was in the $1–5M range: 14 grants of 28 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ New York, NY | General & Unrestricted | $100,000 |
| Madison Square Park Conservancy Inc New York, NY | Charitable Event | $55,000 |
| Cancer Research America NFCR Inc Rockville, MD | In support of "The Nearness of You Concert" at Lincoln Center in New York City | $25,000 |
| New York-Presbyterian Fund Inc New York, NY | Center for Youth Mental Health | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Ge Li & Ning Zhao Family Foundation is led by Ge Li, Director, President, Secretary & Treasurer since 2023 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ge Li
Director, President, Secretary & Treasurer
Director → Director & Treasurer, 2021
Director & Treasurer → Director, Treasurer, President & Secretary, 2023
On filings since 2020
12 hrs/week
No compensation reported
Michael Le-Cheng Li
Director, Treasurer, President & Secretary
Director → Director & Treasurer, 2023
Director & Treasurer → Director, Treasurer, President & Secretary, 2024
On filings since 2021
8 hrs/week
No compensation reported
Former officers (4)
- Former: Ning Zhao (2020–2023) — Director, President & Secretary
- Former: Jun Zhao (2020–2021) — Vice President
- Former: Lawrence Zhang (2020–2021) — Secretary
- Former: Teddy Wang (2020–2021) — Treasurer
Data from IRS Form 990 filings, 2020–2024. "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 Ge Li & Ning Zhao Family Foundation
How much does Ge Li & Ning Zhao Family Foundation give each year?
Ge Li & Ning Zhao Family Foundation gave $205K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10.2M across 9 grants.
What is Ge Li & Ning Zhao Family Foundation's typical grant size?
Ge Li & Ning Zhao Family Foundation's median grant in 2024 was $40,000, and its average grant was $51,250, across 4 grants on its 2024 IRS Form 990-PF.
Where does Ge Li & Ning Zhao Family Foundation give grants?
Ge Li & Ning Zhao Family Foundation gives mostly in New York: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (12%). The most frequent recipient cities were New York, NY (3 grants).
Does Ge Li & Ning Zhao Family Foundation give general operating support?
Yes: 25% of Ge Li & Ning Zhao Family Foundation's 2024 grants with a stated purpose (1 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Ge Li & Ning Zhao Family Foundation?
Ge Li & Ning Zhao Family Foundation reported $309.6M in total assets on its 2024 IRS Form 990-PF. It paid out $680K in qualifying distributions that year, against a required minimum of $13.0M (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 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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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