Lu & Wang Family Foundation Inc
Lu & Wang Family Foundation Inc is a private foundation, based in Garrison, NY. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $467K in total assets. In 2025, it awarded 9 grants totaling $14K. Net investment income was $33K.
Lu & Wang Family Foundation Inc at a glance
In short: Lu & Wang Family Foundation Inc gave $14K across 9 grants in 2025 (avg $2K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,175
- +24.3% vs 2024
- Grants made (2025)
- 9
- +28.6% vs 2024
- Average grant
- $1,575
- -3.3% vs 2024
- Median grant
- $1,000
- Total assets
- $467,389
- +1.4% vs 2024
- Primary geography
- New York (56% 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 Lu & Wang Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Spence School ($5K). Together the top 9 received $14K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 36 grants of 36 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Lu & Wang Family Foundation Inc gives
- Giving grew 50% from 2022 to 2025. Method
- In 2025 it paid out 202% 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 2025, annual grant giving ranged from $9K (2022) to $14K (2025). In 2025 it made 9 grants totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spence School New York, NY | Educational | $5,000 |
| Collegiate School New York, NY | Educational | $3,000 |
| Global Youth Philanthropy Leader Los Angeles, CA | Educational | $2,760 |
| Reef Guardian Hawaii Princeville, HI | Charitable | $1,500 |
| UNC-Chapel Hill Chapel Hill, NC | Educational | $1,000 |
| Kids Saving the Rainforest Palo Alto, CA | Charitable | $500 |
| Pelotonia Columbus, OH | Charitable | $207 |
| World Wildlife Fund Washington, DC | Charitable | $108 |
| New England Aquarium Boston, MA | Charitable | $100 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $467,389 | $32,696 | $40,024 | $14,175 | 9 | $39,976 | $32,648 | $19,752 |
| 2024 | $460,881 | $4,013 | $25,307 | $11,400 | 7 | $24,755 | $3,461 | $22,670 |
| 2023 | $508,197 | $39,739 | $51,080 | $13,398 | 11 | $51,080 | $39,739 | $23,729 |
| 2022 | $493,060 | $510,000 | $17,940 | $9,430 | 9 | $14,650 | — | $13,113 |
Under IRS private-foundation payout rules, Lu & Wang Family Foundation Inc reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lu & Wang Family Foundation Inc is led by Yihui Wang, CEO on every filing since 2022; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Yihui Wang
CEO
On filings since 2022
2 hrs/week
No compensation reported
Ping Lu
CFO
On filings since 2022
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 Lu & Wang Family Foundation Inc
How much does Lu & Wang Family Foundation Inc give each year?
Lu & Wang Family Foundation Inc gave $14K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 7 grants.
What is Lu & Wang Family Foundation Inc's typical grant size?
Lu & Wang Family Foundation Inc's median grant in 2025 was $1,000, and its average grant was $1,575, across 9 grants on its 2025 IRS Form 990-PF.
Where does Lu & Wang Family Foundation Inc give grants?
Lu & Wang Family Foundation Inc gives mostly in New York: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were California (23%) and Hawaii (11%). The most frequent recipient cities were New York, NY (2 grants).
Does Lu & Wang Family Foundation Inc give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Lu & Wang Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants) and "Educational" (4 grants).
Who are Lu & Wang Family Foundation Inc's largest grantees?
Lu & Wang Family Foundation Inc's largest 2025 grantees include Spence School ($5,000), Collegiate School ($3,000) and Global Youth Philanthropy Leader ($2,760), according to its 2025 IRS Form 990-PF. Together they received 76% of its itemized 2025 grant dollars.
How large is Lu & Wang Family Foundation Inc?
Lu & Wang Family Foundation Inc reported $467K in total assets on its 2025 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).
What is Lu & Wang Family Foundation Inc's EIN?
Lu & Wang Family Foundation Inc's EIN (Employer Identification Number) is 87-3789278. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2025
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