Laygend Foundation

Private foundation · Grantmaker Rancho Santa Fe, CA EIN: 87-2737376

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

Harvard Brigham and Women Hospital: $11.2MHarvard Brigham and WomenHospital$11.2MWashington University: $5.0MWashington University$5.0MRegents of University of California: $2.5MRegents of University ofCalifornia$2.5M

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

<$50K$50–100K$100–250K$250–500K$500K–1M3$1–5M3$5M+

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

3states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

La JollaBostonSt. Louis

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

$0$5M$10M$15M$20M0 grants2021 1 grant2022 2 grants2023 3 grants2024

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

RecipientPurposeAmount
Harvard Brigham and Women Hospital Boston, MAGeneral$11,240,000
Washington University St. Louis, MOGeneral$5,000,000
Regents of University of California La Jolla, CAGeneral$2,500,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$113,167,408$17,759,962$18,997,621$18,740,0003$18,740,000$17,757,673$6,069,835
2023$128,639,003$674,230$7,540,713$7,500,0002$7,540,713$669,230$6,830,672
2022$171,274,551$-2,963,684$2,560,734$2,500,0001$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

  1. Updated Form 990-PF for fiscal year 2023 (received by the IRS September 16, 2024)
  2. IRS filings on file for fiscal years 2021–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Laygend Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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