Li and Wang Family Foundation

Private foundation · Grantmaker Millbrae, CA EIN: 87-2718742

Li and Wang Family Foundation is a private foundation, based in Millbrae, CA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 7 grants totaling $5K. Net investment income was $35K.

Li and Wang Family Foundation at a glance

In short: Li and Wang Family Foundation gave $5K across 7 grants in 2025 (avg $704.429), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$4,931
-18.9% vs 2024
Grants made (2025)
7
-22.2% vs 2024
Average grant
$704
+4.3% vs 2024
Median grant
$348
Total assets
$1,154,031
+8.7% vs 2024
Primary geography
Pennsylvania (51% 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 Li and Wang Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2025

Carnegie Mellon University: $3KCarnegie Mellon University$3KPeninsula Humane Society: $1KPeninsula Humane Society$1KCalifornia Academy of Sciences: $379California Academy of Sciences$379San Diego Zoo: $348San Diego Zoo$348CuriOdyssey: $295CuriOdyssey$295Larkin Street Youth Services: $250Larkin Street Youth Services$250Bay Area Discovery Museum: $159Bay Area Discovery Museum$159

The largest 2025 recipient was Carnegie Mellon University ($3K). Together the top 7 received $5K.

Grant Size Distribution

18 grants across all recorded years

18<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 18 grants of 18 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 7 itemized grants.

Cities

San FranciscoBurlingamePittsburghSan DiegoSan MateoMontereyNew YorkSanta RosaSausalitoWoodland HillsWoodside

How Li and Wang Family Foundation gives

  • Giving grew 1872% from 2022 to 2025. Method
  • In 2025 it paid out 43% 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

$0$2K$4K$6K$8K0 grants2021 1 grant2022 1 grant2023 9 grants2024 7 grants2025

From 2022 to 2025, annual grant giving ranged from $250 (2022) to $6K (2024). In 2025 it made 7 grants totaling $5K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Carnegie Mellon University Pittsburgh, PATepper School Annual Fund$2,500
Peninsula Humane Society Burlingame, CAfund animal welfare programs including medical care spay neuter services and rehabilitation for thousands of sick injured or orphaned domestic and wild animals in San Mateo County$1,000
California Academy of Sciences San Francisco, CAProvides food medical treatments and habitat maintenance for the Steinhart Aquarium and Osher Rainforest residents Funds global initiatives Supports youth leadership programs$379
San Diego Zoo San Diego, CAWildlife Care Global Conservation Scientific Research and Education$348
CuriOdyssey San Mateo, CASupporting the daily needs and medical care for rescued animals Providing free or subsidized science education to kids$295
Larkin Street Youth Services San Francisco, CAsupport a continuum of care model that helps young people ages 12-24 transition from street life to permanent self-sufficiency$250
Bay Area Discovery Museum Sausalito, CAignite creative thinking in all children provides free or reduced admission for low-income families and schools$159
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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
2025$1,154,031$35,280$22,810$4,9317$22,810$35,280$53,232
2024$1,061,562$54,005$24,650$6,0819$24,650$54,005$49,963
2023$1,001,195$29,444$15,424$2951$15,719$28,981$46,944
2022$972,577$165$27,888$2501$27,888$165$49,815
2021$1,000,300$1,000,300—————$2,055

Under IRS private-foundation payout rules, Li and Wang Family Foundation reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Li and Wang Family Foundation is led by Yi Li, President since 2022 (on filings since 2021); none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Yi Li

    President

    Director & President → President, 2022

    On filings since 2021

    8 hrs/week

    No compensation reported

  • Chungchi Wang

    Treasurer Secretary

    Director, Treasurer & Secretary → Treasurer Secretary, 2022

    On filings since 2021

    8 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 Li and Wang Family Foundation

How much does Li and Wang Family Foundation give each year?

Li and Wang Family Foundation gave $5K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6K across 9 grants.

What is Li and Wang Family Foundation's typical grant size?

Li and Wang Family Foundation's median grant in 2025 was $348, and its average grant was $704, across 7 grants on its 2025 IRS Form 990-PF.

Where does Li and Wang Family Foundation give grants?

Li and Wang Family Foundation gives mostly in Pennsylvania: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (49%). The most frequent recipient cities were San Francisco, CA (2 grants).

Does Li and Wang Family Foundation give general operating support?

Yes: 14% of Li and Wang Family Foundation's 2025 grants with a stated purpose (1 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Li and Wang Family Foundation's largest grantees?

Li and Wang Family Foundation's largest 2025 grantees include Carnegie Mellon University ($2,500), Peninsula Humane Society ($1,000) and California Academy of Sciences ($379), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.

How large is Li and Wang Family Foundation?

Li and Wang Family Foundation reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $53K (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 Li and Wang Family Foundation's EIN?

Li and Wang Family Foundation's EIN (Employer Identification Number) is 87-2718742. 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.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
  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 Li and Wang Family 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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