Passion and Perseverance Foundation
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
Share of all 7 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2025 recipient was Greenwich Academy Inc ($60K). Together the top 7 received $169K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 12 grants of 15 (80%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Greenwich Academy Inc Greenwich, CT | General & Unrestricted | $60,000 |
| GIVE2ASIA San Francisco, CA | Senior Kitchen in Wujia Village | $47,460 |
| Tsinghua Education Foundation N a Inc Milpitas, CA | General & Unrestricted | $42,500 |
| Harvard Griffin Gsas Chinese Students and Scholars Watertown, MA | General & Unrestricted | $10,000 |
| North America Federation of Tsinghua Alumni Associ Arcadia, CA | Charitable Event | $5,000 |
| Greenwich Ballet Academy Inc Greenwich, CT | General & Unrestricted | $2,000 |
| Villagecore San Diego, CA | General & Unrestricted | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- 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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