Hao Family Foundation
Hao Family Foundation is a private foundation, based in Saratoga Springs, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $304.1M in total assets. In 2024, it awarded 1 grant totaling $6.3M. Net investment income was $85.0M.
Hao Family Foundation at a glance
In short: Hao Family Foundation gave $6.3M across 1 grant in 2024 (avg $6.3M), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $6,250,000
- +29.3% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $6,250,000
- +29.3% vs 2023
- Median grant
- $6,250,000
- Total assets
- $304,140,501
- +61.5% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Hao Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Goldman Sachs Philanthropy Fund ($6.3M).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 9 (44%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Hao Family Foundation gives
- Giving grew 116% from 2021 to 2024. Method
- In 2024 it paid out 58% 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 2024, annual grant giving ranged from $2.7M (2020) to $6.3M (2024). In 2024 it made 1 grant totaling $6.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Goldman Sachs Philanthropy Fund New York, NY | General Support | $6,250,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $304,140,501 | $86,410,336 | $7,565,702 | $6,250,000 | 1 | $6,277,573 | $84,956,430 | $10,747,979 |
| 2023 | $188,281,541 | $62,160,606 | $5,371,275 | $4,835,000 | 1 | $4,877,044 | $13,083,803 | $6,261,022 |
| 2022 | $95,732,338 | $4,116,687 | $4,759,850 | $4,342,701 | 3 | $4,383,155 | $3,143,500 | $4,874,614 |
| 2021 | $111,259,630 | $23,126,522 | $3,249,328 | $2,900,000 | 2 | $2,909,100 | $20,592,800 | $4,376,644 |
| 2020 | $76,690,604 | $17,148,650 | $2,860,863 | $2,700,000 | 2 | — | $1,138,120 | $2,900,560 |
Under IRS private-foundation payout rules, Hao Family Foundation reported a distributable amount of $10.7M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hao Family Foundation is led by Kenneth Y. Hao, President & Chair of Board on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kenneth Y. Hao
President & Chair of Board
On filings since 2020
1 hr/week
No compensation reported
Kathy P. Chiao
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Jonathon Bernstein (2020–2022) — Secretary
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 Hao Family Foundation
How much does Hao Family Foundation give each year?
Hao Family Foundation gave $6.3M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.8M across 1 grant.
How large is Hao Family Foundation?
Hao Family Foundation reported $304.1M in total assets on its 2024 IRS Form 990-PF. It paid out $6.3M in qualifying distributions that year, against a required minimum of $10.7M (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.
Where does Hao Family Foundation operate?
Hao Family Foundation has awarded grants in California, New York.
What is Hao Family Foundation's EIN?
Hao Family Foundation's EIN (Employer Identification Number) is 47-3853918. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 11, 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 November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Hao Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Hao Family Foundation's focus areas in our free grants database
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