James and Karena Xie Family Foundation

Private foundation · Grantmaker La Canada Flintridge, CA EIN: 85-4039687

James and Karena Xie Family Foundation is a private foundation, based in La Canada Flintridge, CA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.1M in total assets. In 2025, it awarded 2 grants totaling $119K. Net investment income was $92K.

Key facts about James and Karena Xie Family Foundation

In short: James and Karena Xie Family Foundation gave $119K across 2 grants in 2025 (avg $60K), mostly in California. Source: 2025 IRS Form 990-PF.

EIN
85-4039687
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$119,493
Grants made (2025)
2
Average grant
$59,747
Median grant
$59,747
Total assets
$2,120,649
Primary geography
California (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.1M

-2.2% YoY

Annual Giving

$119K

+45.1% YoY

Grant Count

2

-50.0% YoY

Avg Grant Size

$60K

+190.1% YoY

Under IRS private-foundation payout rules, James and Karena Xie Family Foundation reported a distributable amount of $132K for 2025 — the minimum it must pay out in qualifying distributions.

How James and Karena Xie Family Foundation gives

  • Giving grew 326% from 2022 to 2025. Method
  • In 2025 it paid out 105% of its IRS minimum distribution (the 5% rule). 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

2states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

PasadenaHuntington BeachLos AngelesNew YorkSan Diego

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2021 2 grants2022 3 grants2023 4 grants2024 2 grants2025

From 2021 to 2025, annual grant giving ranged from $28K (2022) to $119K (2025). In 2025 it made 2 grants totaling $119K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Polytechnic School: $114KPolytechnic School$114KLA County DA Foundation: $5KLA County DA Foundation$5K

The largest 2025 recipient was Polytechnic School ($114K). Together the top 2 received $119K.

Grant Size Distribution

12 grants across all recorded years

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

The most common grant size was under $50K: 8 grants of 12 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Polytechnic School Pasadena, CACharitable$114,493
LA County DA Foundation Los Angeles, CACharitable$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,120,649$2,167,326$1,845,421
Revenue$113,727$441,989$51,230
Expenses$160,346$114,942$83,752
Qualifying Distributions$138,739$96,176$70,483
Net Investment Income$92,120$98,795$38,261
Distributable Amount$131,681$119,679$94,413

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS February 9, 2022)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 9, 2023)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 13, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS February 11, 2025)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS January 28, 2026)
  6. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

James and Karena Xie Family Foundation is led by Karena Xie, CEO on every filing since 2021; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Karena Xie

    CEO

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Jian Xie

    CFO

    On filings since 2021

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "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 James and Karena Xie Family Foundation

How much does James and Karena Xie Family Foundation give each year?

James and Karena Xie Family Foundation gave $119K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $82K across 4 grants.

How large is James and Karena Xie Family Foundation?

James and Karena Xie Family Foundation reported $2.1M in total assets on its 2025 IRS Form 990-PF. It paid out $139K in qualifying distributions that year, against a required minimum of $132K (roughly 5% of its investment assets).

Where does James and Karena Xie Family Foundation operate?

James and Karena Xie Family Foundation has awarded grants in California, New York.

What is James and Karena Xie Family Foundation's EIN?

James and Karena Xie Family Foundation's EIN (Employer Identification Number) is 85-4039687. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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