Li and Wang Family Foundation
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.
Key facts about Li and Wang Family Foundation
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.
- EIN
- 87-2718742
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $4,931
- Grants made (2025)
- 7
- Average grant
- $704
- Median grant
- $348
- Total assets
- $1,154,031
- Primary geography
- Pennsylvania (51% 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
$1.2M
+8.7% YoY
Annual Giving
$5K
-18.9% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$704.429
+4.3% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $250 (2022) to $6K (2024). In 2025 it made 7 grants totaling $5K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Carnegie Mellon University ($3K). Together the top 7 received $5K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Carnegie Mellon University Pittsburgh, PA | Tepper School Annual Fund | $2,500 |
| Peninsula Humane Society Burlingame, CA | fund 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, CA | Provides 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, CA | Wildlife Care Global Conservation Scientific Research and Education | $348 |
| CuriOdyssey San Mateo, CA | Supporting the daily needs and medical care for rescued animals Providing free or subsidized science education to kids | $295 |
| Larkin Street Youth Services San Francisco, CA | support 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, CA | ignite creative thinking in all children provides free or reduced admission for low-income families and schools | $159 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,154,031 | $1,061,562 | $1,001,195 |
| Revenue | $35,280 | $54,005 | $29,444 |
| Expenses | $22,810 | $24,650 | $15,424 |
| Qualifying Distributions | $22,810 | $24,650 | $15,719 |
| Net Investment Income | $35,280 | $54,005 | $28,981 |
| Distributable Amount | $53,232 | $49,963 | $46,944 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2021–2024
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.
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