Peter Ly MD Family Foundation
Peter Ly MD Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $565K in total assets. In 2025, it awarded 5 grants totaling $21K. Net investment income was $26K.
Peter Ly MD Family Foundation at a glance
In short: Peter Ly MD Family Foundation gave $21K across 5 grants in 2025 (avg $4K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,500
- +78.3% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $4,100
- +113.9% vs 2024
- Median grant
- $3,000
- Total assets
- $565,021
- +30.6% vs 2024
- Primary geography
- California (85% 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 Peter Ly MD Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was San Marino School Foundation ($8K). Together the top 5 received $21K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Peter Ly MD Family Foundation gives
- Giving grew 39% from 2022 to 2025. Method
- In 2025 it paid out 148% 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 2019 to 2025, annual grant giving ranged from $12K (2024) to $21K (2025). In 2025 it made 5 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| San Marino School Foundation San Marino, CA | General & Unrestricted | $7,500 |
| Lifetech Inc Irvine, CA | General & Unrestricted | $6,000 |
| Henry E Huntington Library & Art Gallery San Marino, CA | General & Unrestricted | $3,000 |
| New York Medical College Valhalla, NY | General & Unrestricted | $3,000 |
| Hope for China Dogs Rescue W Hollywood, CA | General & Unrestricted | $1,000 |
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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 | $565,021 | $171,880 | $39,543 | $20,500 | 5 | $33,821 | $26,471 | $22,908 |
| 2024 | $432,684 | $27,822 | $25,784 | $11,500 | 6 | $20,308 | $22,516 | $22,178 |
| 2023 | $430,646 | $9,717 | $29,255 | $13,000 | 3 | $24,064 | $12,266 | $21,257 |
| 2022 | $450,184 | $13,357 | $30,589 | $14,700 | 8 | $24,773 | $10,211 | $22,483 |
| 2021 | $467,416 | $30,952 | $28,935 | $14,500 | 8 | $22,959 | $24,976 | $25,084 |
| 2020 | $465,399 | $22,809 | $28,898 | $14,500 | 9 | — | $17,326 | $23,143 |
| 2019 | $471,488 | $20,063 | $28,657 | $16,800 | 13 | — | $14,571 | $23,186 |
Under IRS private-foundation payout rules, Peter Ly MD Family Foundation reported a distributable amount of $23K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Peter Ly MD Family Foundation is led by Evelyn Xu, Co- President, Secretary, Treasurer & Director on every filing since 2019; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Evelyn Xu
Co- President, Secretary, Treasurer & Director
On filings since 2019
1 hr/week
$2K (2020) → $2K (2025)
Peter Ly
Director & Co- President
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Evelyn Xu (Co- Pres, Sec, Treas, Dir).
Frequently asked questions about Peter Ly MD Family Foundation
How much does Peter Ly MD Family Foundation give each year?
Peter Ly MD Family Foundation gave $21K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 6 grants.
What is Peter Ly MD Family Foundation's typical grant size?
Peter Ly MD Family Foundation's median grant in 2025 was $3,000, and its average grant was $4,100, across 5 grants on its 2025 IRS Form 990-PF.
Where does Peter Ly MD Family Foundation give grants?
Peter Ly MD Family Foundation gives mostly in California: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (15%). The most frequent recipient cities were San Marino, CA (2 grants).
Does Peter Ly MD Family Foundation give general operating support?
Yes: 100% of Peter Ly MD Family Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Peter Ly MD Family Foundation's largest grantees?
Peter Ly MD Family Foundation's largest 2025 grantees include San Marino School Foundation ($7,500), Lifetech Inc ($6,000) and Henry E Huntington Library & Art Gallery ($3,000), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is Peter Ly MD Family Foundation?
Peter Ly MD Family Foundation reported $565K in total assets on its 2025 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
What is Peter Ly MD Family Foundation's EIN?
Peter Ly MD Family Foundation's EIN (Employer Identification Number) is 47-1119817. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
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