The Crimson Riverstone Foundation
The Crimson Riverstone Foundation is a private foundation based in Wilmington, Delaware. Its 2025 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
The Crimson Riverstone Foundation at a glance
In short: The Crimson Riverstone Foundation gave $77K across 20 grants in 2025 (avg $4K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $76,500
- +31.9% vs 2024
- Grants made (2025)
- 20
- +122.2% vs 2024
- Average grant
- $3,825
- -40.6% vs 2024
- Median grant
- $3,000
- Total assets
- $5,811,179
- +4.4% vs 2024
- Primary geography
- California (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to The Crimson Riverstone Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Crimson Riverstone Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Life Science Cares Inc ($10K). Together the top 10 received $59K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars were distributed among recipients in California (56%), Massachusetts (20%), New York (13%), Tennessee (7%), and Georgia (5%).
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
Cities
How The Crimson Riverstone Foundation gives
- 21% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out 30% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $58K (2024) to $77K (2025). In 2025 it made 20 grants totaling $77K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Life Science Cares Inc Cambridge, MA | General & Unrestricted | $10,000 |
| Michael J Fox Foundation for Parkinsons Research New York, NY | General & Unrestricted | $10,000 |
| University of California Berkeley Foundation Berkeley, CA | Industrial Engineering and Operations Research (IEOR) Department in the College of Engineering fund | $10,000 |
| California Fire Foundation Sacramento, CA | Charitable Event | $5,000 |
| Northeastern University Boston, MA | College of Science Dean's Fund | $5,000 |
| Society for Preservation & Encourmt of Barbershop La Jolla, CA | General & Unrestricted | $5,000 |
| St Jude Childrens Research Hospital Inc Memphis, TN | General & Unrestricted | $5,000 |
| Just in Time for Foster Youth San Diego, CA | General & Unrestricted | $3,000 |
| Los Angeles Fire Department Foundation Los Angeles, CA | General & Unrestricted | $3,000 |
| Operation for Hope Foundation Inc La Jolla, CA | General & Unrestricted | $3,000 |
Ready to take the next step with The Crimson Riverstone Foundation?
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 | $5,811,179 | $427,480 | $180,136 | $76,500 | 20 | $93,786 | $2,060,930 | $307,729 |
| 2024 | $5,563,835 | $3,465,643 | $109,407 | $58,000 | 9 | $71,223 | $2,270,987 | $78,873 |
| 2023 | $2,207,599 | $2,219,549 | $11,950 | — | — | $11,858 | $229 | $17,291 |
Under IRS private-foundation payout rules, The Crimson Riverstone Foundation reported a distributable amount of $308K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for a range of organizations. For example, Life Science Cares says it partners with nonprofits to address poverty and inequality; Just in Time for Foster Youth describes its work supporting young people transitioning from foster care; and StandUp for Kids says its mission is to end youth homelessness. Other 2025 recipients include the California Fire Foundation, which describes its work as assisting fire victims and educating the public about fire safety, and St. Jude Children’s Research Hospital, whose stated mission is to advance cures and prevention for pediatric catastrophic diseases.
Grantmaking
In 2025, the foundation made 20 grants totaling $76,500. Grants ranged from $500 to $10,000, with a median grant of $3,000. Among the largest were $10,000 each to Life Science Cares, the Michael J. Fox Foundation for Parkinson’s Research, and the University of California Berkeley Foundation. Other notable grants included $5,000 each to the California Fire Foundation, Northeastern University, the Society for Preservation & Encouragement of Barbershop, and St. Jude Children’s Research Hospital.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Zhongmin Maxwell Wang as director and president, and Jiahan Jenny Yu as director, secretary, and treasurer.
The Crimson Riverstone Foundation is led by Zhongmin Maxwell Wang, Director & President on every filing since 2023; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Zhongmin Maxwell Wang
Director & President
On filings since 2023
1 hr/week
No compensation reported
Jiahan Jenny Yu
Director, Secretary & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 The Crimson Riverstone Foundation
How much does The Crimson Riverstone Foundation give each year?
The Crimson Riverstone Foundation gave $77K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $58K across 9 grants.
What is The Crimson Riverstone Foundation's typical grant size?
The Crimson Riverstone Foundation's median grant in 2025 was $3,000, and its average grant was $3,825, across 20 grants on its 2025 IRS Form 990-PF.
Where does The Crimson Riverstone Foundation give grants?
The Crimson Riverstone Foundation gives mostly in California: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (20%) and New York (13%). The most frequent recipient cities were San Diego, CA (9 grants) and La Jolla, CA (2 grants).
Does The Crimson Riverstone Foundation give general operating support?
Yes: 70% of The Crimson Riverstone Foundation's 2025 grants with a stated purpose (14 of 20) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Charitable Event" (3 grants).
Who are The Crimson Riverstone Foundation's largest grantees?
The Crimson Riverstone Foundation's largest 2025 grantees include Life Science Cares Inc ($10,000), Michael J Fox Foundation for Parkinsons Research ($10,000) and University of California Berkeley Foundation ($10,000), according to its 2025 IRS Form 990-PF. Together they received 39% of its itemized 2025 grant dollars.
How large is The Crimson Riverstone Foundation?
The Crimson Riverstone Foundation reported $5.8M in total assets on its 2025 IRS Form 990-PF. It paid out $94K in qualifying distributions that year, against a required minimum of $308K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Crimson Riverstone Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants show support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from The Crimson Riverstone Foundation?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Crimson Riverstone Foundation's EIN?
The Crimson Riverstone Foundation's EIN (Employer Identification Number) is 92-1776092. IRS Form 990 filing data is available on this page for 2023–2025.
Does The Crimson Riverstone Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 12, 2026)
- IRS filings on file for fiscal years 2023–2024
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Cite this profile
Grantable. (2026). The Crimson Riverstone Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/the-crimson-riverstone-foundation-morg_834ee70db2b148bdbf550b0a32a9b181
BibTeX
@misc{grantable_921776092_2026,
author = {{Grantable}},
title = {{The Crimson Riverstone Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-crimson-riverstone-foundation-morg_834ee70db2b148bdbf550b0a32a9b181},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Crimson Riverstone Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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