Simon & Nikki Yu Foundation Inc
Simon & Nikki Yu Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOREST HILLS, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $958K in total assets. In 2024, it awarded 4 grants totaling $23K. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$958K
+45.4% YoY
Annual Giving
$23K
+99.4% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$6K
+49.5% YoY
Under IRS private-foundation payout rules, Simon & Nikki Yu Foundation Inc reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About Simon & Nikki Yu Foundation Inc
Based on IRS filings
Simon & Nikki Yu Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOREST HILLS, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $958K in total assets. In 2024, it awarded 4 grants totaling $23K. Net investment income was $32K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $958,010 | $658,834 | $285,355 |
| Revenue | $345,000 | $429,459 | $302,447 |
| Expenses | $60,074 | $55,981 | $17,092 |
| Qualifying Distributions | $46,840 | $34,271 | $17,092 |
| Net Investment Income | $31,766 | $7,783 | $2,447 |
| Distributable Amount | $50,208 | $33,237 | $13,694 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ling Shen Ching Tze ($10,000), New York College of Traditional Chinese Medicine ($8,000), True Buddha Diamond Temple of NY ($4,407).
| Recipient | Purpose | Amount |
|---|---|---|
| True Buddha Diamond Temple of NY Flushing, NY | Charitable | $4,407 |
| Ling Shen Ching Tze Redmond, WA | Charitable | $10,000 |
| Rainbow Temple North Bend, WA | Charitable | $1,000 |
| New York College of Traditional Chinese Medicine Mineola, NY | Educational | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SIMON YU | CEO | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Simon & Nikki Yu Foundation Inc?
Simon & Nikki Yu Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOREST HILLS, NY. It holds $958K in total assets as of 2024.
How large is Simon & Nikki Yu Foundation Inc?
As of 2024, Simon & Nikki Yu Foundation Inc holds $958K in total assets with $345K in annual revenue. It awarded 4 grants totaling $23K in 2024.
Where does Simon & Nikki Yu Foundation Inc operate?
Simon & Nikki Yu Foundation Inc has awarded grants in New York, Washington.
What size grants does Simon & Nikki Yu Foundation Inc award?
In 2024, Simon & Nikki Yu Foundation Inc awarded 4 grants totaling $23K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Simon & Nikki Yu Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Simon & Nikki Yu Foundation Inc reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Simon & Nikki Yu Foundation Inc's EIN?
Simon & Nikki Yu Foundation Inc's EIN (Employer Identification Number) is 87-4104684. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.