Tang and Zhang Family Foundation
Tang and Zhang Family Foundation is a private foundation focused on Education, based in Burlingame, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $18.2M in total assets. In 2024, it awarded 3 grants totaling $687K. Net investment income was $555K.
Tang and Zhang Family Foundation at a glance
In short: Tang and Zhang Family Foundation gave $687K across 3 grants in 2024 (avg $229K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $687,000
- +358.0% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $229,000
- +52.7% vs 2023
- Median grant
- $117,000
- Total assets
- $18,162,907
- +58.6% vs 2023
- Primary geography
- Indiana (73% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Tang and Zhang Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Renaissance Charitable Foundation ($500K). Together the top 3 received $687K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Tang and Zhang Family Foundation gives
- In 2024 it paid out 118% 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 2023 to 2024, annual grant giving ranged from $150K (2023) to $687K (2024). In 2024 it made 3 grants totaling $687K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Renaissance Charitable Foundation Indianapolis, IN | Donation | $500,000 |
| Sacred Heart Schools Atherton Atherton, CA | Donation | $117,000 |
| Asian American Scholar Forum Inc New York, NY | Donation | $70,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $18,162,907 | $6,728,036 | $884,368 | $687,000 | 3 | $884,368 | $555,207 | $752,092 |
| 2023 | $11,451,610 | $6,571,610 | $220,000 | $150,000 | 1 | — | — | — |
| 2022 | $5,100,000 | $5,100,000 | — | — | — | — | — | — |
Under IRS private-foundation payout rules, Tang and Zhang Family Foundation reported a distributable amount of $752K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Tang and Zhang Family Foundation is led by Woon Khang Tang, CEO on every filing since 2022; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Woon Khang Tang
CEO
On filings since 2022
No compensation reported
Man Zhang
CFO
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Tang and Zhang Family Foundation
How much does Tang and Zhang Family Foundation give each year?
Tang and Zhang Family Foundation gave $687K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $150K across 1 grant.
What is Tang and Zhang Family Foundation's typical grant size?
Tang and Zhang Family Foundation's median grant in 2024 was $117,000, and its average grant was $229,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does Tang and Zhang Family Foundation give grants?
Tang and Zhang Family Foundation gives mostly in Indiana: 73% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (17%) and New York (10%).
Does Tang and Zhang Family Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Tang and Zhang Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (3 grants).
How large is Tang and Zhang Family Foundation?
Tang and Zhang Family Foundation reported $18.2M in total assets on its 2024 IRS Form 990-PF. It paid out $884K in qualifying distributions that year, against a required minimum of $752K (roughly 5% of its investment assets).
What is Tang and Zhang Family Foundation?
Tang and Zhang Family Foundation is a private foundation focused on Education, based in Burlingame, CA. It holds $18.2M in total assets as of 2024.
What is Tang and Zhang Family Foundation's EIN?
Tang and Zhang Family Foundation's EIN (Employer Identification Number) is 88-4271221. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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