H&H Evergreen Foundation
H&H Evergreen Foundation is a private foundation, based in Menlo Park, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.7B in total assets. In 2025, it awarded 5 grants totaling $178.1M. Net investment income was $709.7M.
H&H Evergreen Foundation at a glance
In short: H&H Evergreen Foundation gave $178.1M across 5 grants in 2025 (avg $35.6M), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $178,135,150
- -20.4% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $35,627,030
- -4.4% vs 2024
- Median grant
- $77,500
- Total assets
- $3,703,318,972
- +16.7% vs 2024
- Primary geography
- California (100% 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 H&H Evergreen Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Schwab Charitable (Donor Advised Fund) ($177.9M). Together the top 5 received $178.1M.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was in the $100–250K range: 9 grants of 26 (35%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How H&H Evergreen Foundation gives
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 81% 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 2025, annual grant giving ranged from $55.7M (2020) to $223.7M (2024). In 2025 it made 5 grants totaling $178.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable (Donor Advised Fund) San Francisco, CA | Charity | $177,858,500 |
| East Palo Alto Police Department East Palo Alto, CA | Public Safety | $150,000 |
| Monterey Peninsula Foundation Monterey, CA | Charity | $77,500 |
| Golf Diversity Program Portland, OR | Charity and Sport | $29,000 |
| CHP 11-99 Foundation Costa Mesa, CA | Charity and Public Safety | $20,150 |
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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 | $3,703,318,972 | $728,013,702 | $195,274,576 | $178,135,150 | 5 | $178,415,885 | $709,654,291 | $220,963,389 |
| 2024 | $3,172,771,055 | $902,235,686 | $225,185,597 | $223,673,460 | 6 | $224,017,134 | $879,665,969 | $200,223,910 |
| 2023 | $2,493,531,546 | $171,691,758 | $184,040,488 | $183,666,500 | 5 | $183,851,644 | $126,405,226 | $179,512,984 |
| 2022 | $2,505,880,213 | $-33,930,843 | $186,594,171 | $180,038,921 | 6 | $180,645,069 | $7,449,230 | $154,107,200 |
| 2020 | $393,647,714 | $39,435,652 | $56,248,198 | $55,748,609 | 4 | — | $39,083,574 | $62,303,368 |
Under IRS private-foundation payout rules, H&H Evergreen Foundation reported a distributable amount of $221.0M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
H&H Evergreen Foundation's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Xiaoyun Zhu
Director
On filings since 2022
20 hrs/week
$48K (2022) → $48K (2025)
Yong Duan
Director
On filings since 2020
5 hrs/week
No compensation reported
Former officers (1)
- Former: Xiao Yun Zhu (2020) — Director
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $48K, to Xiaoyun Zhu (Director).
Frequently asked questions about H&H Evergreen Foundation
How much does H&H Evergreen Foundation give each year?
H&H Evergreen Foundation gave $178.1M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $223.7M across 6 grants.
What is H&H Evergreen Foundation's typical grant size?
H&H Evergreen Foundation's median grant in 2025 was $77,500, and its average grant was $35,627,030, across 5 grants on its 2025 IRS Form 990-PF.
Where does H&H Evergreen Foundation give grants?
H&H Evergreen Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does H&H Evergreen Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on H&H Evergreen Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are H&H Evergreen Foundation's largest grantees?
H&H Evergreen Foundation's largest 2025 grantees include Schwab Charitable (Donor Advised Fund) ($177,858,500), East Palo Alto Police Department ($150,000) and Monterey Peninsula Foundation ($77,500), according to its 2025 IRS Form 990-PF.
How large is H&H Evergreen Foundation?
H&H Evergreen Foundation reported $3.7B in total assets on its 2025 IRS Form 990-PF. It paid out $178.4M in qualifying distributions that year, against a required minimum of $221.0M (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 H&H Evergreen Foundation's EIN?
H&H Evergreen Foundation's EIN (Employer Identification Number) is 46-5066162. 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work H&H Evergreen Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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