Laygend Foundation
Laygend Foundation is a private foundation, based in Rancho Santa Fe, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $113.2M in total assets. In 2024, it awarded 3 grants totaling $18.7M. Net investment income was $17.8M.
Laygend Foundation at a glance
In short: Laygend Foundation gave $18.7M across 3 grants in 2024 (avg $6.2M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $18,740,000
- +149.9% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $6,246,667
- +66.6% vs 2023
- Median grant
- $5,000,000
- Total assets
- $113,167,408
- -12.0% vs 2023
- Primary geography
- Massachusetts (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Laygend Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Harvard Brigham and Women Hospital ($11.2M). Together the top 3 received $18.7M.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 6 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Laygend Foundation gives
- In 2024 it paid out 309% of its IRS minimum distribution (the 5% rule). 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 2022 to 2024, annual grant giving ranged from $2.5M (2022) to $18.7M (2024). In 2024 it made 3 grants totaling $18.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard Brigham and Women Hospital Boston, MA | General | $11,240,000 |
| Washington University St. Louis, MO | General | $5,000,000 |
| Regents of University of California La Jolla, CA | General | $2,500,000 |
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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 | $113,167,408 | $17,759,962 | $18,997,621 | $18,740,000 | 3 | $18,740,000 | $17,757,673 | $6,069,835 |
| 2023 | $128,639,003 | $674,230 | $7,540,713 | $7,500,000 | 2 | $7,540,713 | $669,230 | $6,830,672 |
| 2022 | $171,274,551 | $-2,963,684 | $2,560,734 | $2,500,000 | 1 | $2,555,234 | $371,396 | $9,049,406 |
| 2021 | $248,419,683 | $228,130,366 | $9,692 | — | — | — | — | $298,782 |
Under IRS private-foundation payout rules, Laygend Foundation reported a distributable amount of $6.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Laygend Foundation is led by Jeng-Guang Lay, President & CEO on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jeng-Guang Lay
President & CEO
On filings since 2021
3 hrs/week
No compensation reported
Mintsen Chen
Treasurer
On filings since 2021
3 hrs/week
No compensation reported
Nan Jiang
Secretary
On filings since 2021
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Laygend Foundation
How much does Laygend Foundation give each year?
Laygend Foundation gave $18.7M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.5M across 2 grants.
What is Laygend Foundation's typical grant size?
Laygend Foundation's median grant in 2024 was $5,000,000, and its average grant was $6,246,667, across 3 grants on its 2024 IRS Form 990-PF.
Where does Laygend Foundation give grants?
Laygend Foundation gives mostly in Massachusetts: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Missouri (27%) and California (13%).
Does Laygend Foundation give general operating support?
Yes: 100% of Laygend Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Laygend Foundation?
Laygend Foundation reported $113.2M in total assets on its 2024 IRS Form 990-PF. It paid out $18.7M in qualifying distributions that year, against a required minimum of $6.1M (roughly 5% of its investment assets).
What is Laygend Foundation's EIN?
Laygend Foundation's EIN (Employer Identification Number) is 87-2737376. IRS Form 990 filing data is available on this page for 2021–2024.
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
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 16, 2024)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Laygend Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Laygend Foundation's focus areas in our free grants database
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