Passion and Perseverance Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 88-3733405

Passion and Perseverance Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $7.7M in total assets. In 2025, it awarded 7 grants totaling $169K. Net investment income was $805K.

Key facts about Passion and Perseverance Foundation

In short: Passion and Perseverance Foundation gave $169K across 7 grants in 2025 (avg $24K), mostly in California. Source: 2025 IRS Form 990-PF.

EIN
88-3733405
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$168,960
Grants made (2025)
7
Average grant
$24,137
Median grant
$10,000
Total assets
$7,661,476
Primary geography
California (57% 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

$7.7M

+54.2% YoY

Annual Giving

$169K

-9.6% YoY

Grant Count

7

+0.0% YoY

Avg Grant Size

$24K

-9.6% YoY

Under IRS private-foundation payout rules, Passion and Perseverance Foundation reported a distributable amount of $266K for 2025 — the minimum it must pay out in qualifying distributions.

How Passion and Perseverance Foundation gives

  • In 2025 it paid out 74% 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

3states

Share of all 7 itemized 2025 grant dollars.

Cities

GreenwichMilpitasArcadiaNew HavenOaklandSan DiegoSan FranciscoWatertownWellesley

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K0 grants20221 grants20237 grants20247 grants2025

From 2023 to 2025, annual grant giving ranged from $26K (2023) to $187K (2024). In 2025 it made 7 grants totaling $169K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2025

Greenwich Academy Inc: $60KGreenwich Academy Inc$60KGIVE2ASIA: $47KGIVE2ASIA$47KTsinghua Education Foundation N a Inc: $43KTsinghua Education FoundationN a Inc$43KHarvard Griffin Gsas Chinese Students and Scholars: $10KHarvard Griffin Gsas ChineseStudents and Scholars$10KNorth America Federation of Tsinghua Alumni Associ: $5KNorth America Federation ofTsinghua Alumni Associ$5KGreenwich Ballet Academy Inc: $2KGreenwich Ballet Academy Inc$2KVillagecore: $2KVillagecore$2K

The largest 2025 recipient was Greenwich Academy Inc ($60K). Together the top 7 received $169K.

Grant Size Distribution

15 grants across all recorded years

12<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 15 (80%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Greenwich Academy Inc Greenwich, CTGeneral & Unrestricted$60,000
GIVE2ASIA San Francisco, CASenior Kitchen in Wujia Village$47,460
Tsinghua Education Foundation N a Inc Milpitas, CAGeneral & Unrestricted$42,500
Harvard Griffin Gsas Chinese Students and Scholars Watertown, MAGeneral & Unrestricted$10,000
North America Federation of Tsinghua Alumni Associ Arcadia, CACharitable Event$5,000
Greenwich Ballet Academy Inc Greenwich, CTGeneral & Unrestricted$2,000
Villagecore San Diego, CAGeneral & Unrestricted$2,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2022202320242025
Metric202520242023
Total Assets$7,661,476$4,967,694$3,020,425
Revenue$2,936,010$2,171,505$1,567,474
Expenses$242,228$224,236$45,702
Qualifying Distributions$198,343$201,336$35,559
Net Investment Income$804,832$90,211$66,641
Distributable Amount$266,239$168,901$73,627

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
  2. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Officers and directors from IRS filings

Passion and Perseverance Foundation is led by Zhengyuan Han, Director, President, Secretary & Treasurer on every filing since 2022 — the only officer listed, and uncompensated.

Officers on the 2025 filing

  • Zhengyuan Han

    Director, President, Secretary & Treasurer

    On filings since 2022

    1 hr/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 Passion and Perseverance Foundation

How much does Passion and Perseverance Foundation give each year?

Passion and Perseverance Foundation gave $169K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $187K across 7 grants.

What is Passion and Perseverance Foundation's typical grant size?

Passion and Perseverance Foundation's median grant in 2025 was $10,000, and its average grant was $24,137, across 7 grants on its 2025 IRS Form 990-PF.

Where does Passion and Perseverance Foundation give grants?

Passion and Perseverance Foundation gives mostly in California: 57% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Connecticut (37%) and Massachusetts (6%). The most frequent recipient cities were Greenwich, CT (2 grants).

Does Passion and Perseverance Foundation give general operating support?

Yes: 71% of Passion and Perseverance Foundation's 2025 grants with a stated purpose (5 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Passion and Perseverance Foundation's largest grantees?

Passion and Perseverance Foundation's largest 2025 grantees include Greenwich Academy Inc ($60,000), GIVE2ASIA ($47,460) and Tsinghua Education Foundation N a Inc ($42,500), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.

How large is Passion and Perseverance Foundation?

Passion and Perseverance Foundation reported $7.7M in total assets on its 2025 IRS Form 990-PF. It paid out $198K in qualifying distributions that year, against a required minimum of $266K (roughly 5% of its investment assets).

What is Passion and Perseverance Foundation's EIN?

Passion and Perseverance Foundation's EIN (Employer Identification Number) is 88-3733405. 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.

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