Passion and Perseverance Foundation
Passion and Perseverance Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 7 grants totaling $187K. Net investment income was $90K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
+64.5% YoY
Annual Giving
$187K
+628.1% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$27K
+4.0% YoY
Under IRS private-foundation payout rules, Passion and Perseverance Foundation reported a distributable amount of $169K for 2024 — the minimum it must pay out in qualifying distributions.
About Passion and Perseverance Foundation
Based on IRS filings
Passion and Perseverance Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 7 grants totaling $187K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,967,694 | $3,020,425 | $1,498,653 |
| Revenue | $2,171,505 | $1,567,474 | $1,504,153 |
| Expenses | $224,236 | $45,702 | $5,500 |
| Qualifying Distributions | $201,336 | $35,559 | $5,500 |
| Net Investment Income | $90,211 | $66,641 | $3 |
| Distributable Amount | $168,901 | $73,627 | $5,841 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Give2asia ($63,280), Greenwich Academy Inc ($50,000), Tsinghua Education Foundation N a Inc ($42,600).
| Recipient | Purpose | Amount |
|---|---|---|
| GIVE2ASIA OAKLAND, CA | General & Unrestricted | $63,280 |
| GREENWICH ACADEMY INC GREENWICH, CT | Pre-Bicentennial Campaign | $50,000 |
| GREENWICH ACADEMY INC GREENWICH, CT | General & Unrestricted | $10,000 |
| GREENWICH BALLET ACADEMY INC GREENWICH, CT | Charitable Event | $1,000 |
| TSINGHUA ALUMNI ASSOCIATION AT GREATER BOSTON WELLESLEY, MA | General & Unrestricted | $5,000 |
| TSINGHUA EDUCATION FOUNDATION N A INC MILPITAS, CA | General & Unrestricted | $42,600 |
| TSINGHUA EDUCATION FOUNDATION N A INC MILPITAS, CA | Charitable Event | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Zhengyuan Han | Dir, Pres, Sec, Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Passion and Perseverance Foundation?
Passion and Perseverance Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $5.0M in total assets as of 2024.
How large is Passion and Perseverance Foundation?
As of 2024, Passion and Perseverance Foundation holds $5.0M in total assets with $2.2M in annual revenue. It awarded 7 grants totaling $187K in 2024.
Where does Passion and Perseverance Foundation operate?
Passion and Perseverance Foundation has awarded grants in California, Connecticut, Massachusetts.
What size grants does Passion and Perseverance Foundation award?
In 2024, Passion and Perseverance Foundation awarded 7 grants totaling $187K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Passion and Perseverance Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Passion and Perseverance Foundation reported a distributable amount of $169K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2022–2024.
Explore Open Grants
Browse active grant opportunities in Passion and Perseverance Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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