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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.2M
+58.6% YoY
Annual Giving
$687K
+358.0% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$229K
+52.7% YoY
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.
About Tang and Zhang Family Foundation
Based on IRS filings
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.
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 | $18,162,907 | $11,451,610 | $5,100,000 |
| Revenue | $6,728,036 | $6,571,610 | $5,100,000 |
| Expenses | $884,368 | $220,000 | — |
| Qualifying Distributions | $884,368 | — | — |
| Net Investment Income | $555,207 | — | — |
| Distributable Amount | $752,092 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Renaissance Charitable Foundation ($500,000), Sacred Heart Schools Atherton ($117,000), Asian American Scholar Forum Inc ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SACRED HEART SCHOOLS ATHERTON Atherton, CA | Donation | $117,000 |
| Renaissance Charitable Foundation Indianapolis, IN | Donation | $500,000 |
| Asian American Scholar Forum Inc New York, NY | Donation | $70,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WOON KHANG TANG | CEO | — | — |
| MAN ZHANG | CFO | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Tang and Zhang Family Foundation?
As of 2024, Tang and Zhang Family Foundation holds $18.2M in total assets with $6.7M in annual revenue. It awarded 3 grants totaling $687K in 2024.
Where does Tang and Zhang Family Foundation operate?
Tang and Zhang Family Foundation has awarded grants in California, Indiana, New York.
What size grants does Tang and Zhang Family Foundation award?
In 2024, Tang and Zhang Family Foundation awarded 3 grants totaling $687K — an average of about $229K per grant, based on its IRS Form 990 filings.
How much is Tang and Zhang Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tang and Zhang Family Foundation reported a distributable amount of $752K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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