The Future Wanxiang Foundation Inc
The Future Wanxiang Foundation Inc is a private foundation based in South Barrington, Illinois. Established in 2021, the foundation operates as a 501(c)(3) charitable organization with a single employee. The foundation is supported by the Future Wanxiang Trust.
Key facts about The Future Wanxiang Foundation Inc
- EIN
- 85-1628916
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,062,348
- Grants made (2024)
- 26
- Average grant
- $79,321
- Median grant
- $37,500
- New grantees (estimate)
- 50% first-time grantees (13 of 26, 2024)
- Total assets
- $52,664,414
- Primary geography
- Illinois (76% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Future Wanxiang Foundation Inc funds
By grant dollars, the top recipient states for The Future Wanxiang Foundation Inc's 26 itemized 2024 grants were Illinois (76%) and New York (10%). The most frequent recipient cities were Chicago, IL (11 grants) and New York, NY (4 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Future Wanxiang Foundation Inc open to new grantees?
50%
first-time grantees, 2024
In 2024, 13 of 26 grantees (50%) were first-time recipients. First grants averaged $44K; repeat grants $115K. How we count
Medians: $50K first-time, $25K repeat.
- 46% of 2024 grantees were also funded in 2023. Method
- Giving grew 110% from 2021 to 2024. Method
- In 2024 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$52.7M
+34.2% YoY
Annual Giving
$2.1M
+20.2% YoY
Grant Count
26
-16.1% YoY
Avg Grant Size
$79K
+43.3% YoY
Under IRS private-foundation payout rules, The Future Wanxiang Foundation Inc reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Arts, Culture & Humanities
The foundation directs its grantmaking primarily toward organizations in Illinois, New York, and California.
Grantmaking
The foundation made 18 grants in recent years, with total giving of $1.1 million to $2.06 million depending on the fiscal year. Notable recent grants include:
Grant Range
$59,600
Average Grant
$59,600
Ready to take the next step with The Future Wanxiang Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Illinois, New York, and California.
Grant Distribution by State
Share of all 26 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2023-2024):
- Total Assets: $32.6 million to $52.6 million
- Total Revenues: $2.5 million to $8.5 million
- Total Giving: $1.1 million to $2.06 million
- Total Expenses: $1.9 million
Revenue Composition (2023):
- Total grants and contributions: $5,825,000
- Investment income and dividends: $2,730,802
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $52,664,414 | $39,247,324 | $32,601,213 |
| Revenue | $15,672,770 | $8,555,802 | $2,508,607 |
| Expenses | $2,255,680 | $1,909,691 | $1,116,161 |
| Qualifying Distributions | $2,069,185 | $1,719,632 | $1,074,127 |
| Net Investment Income | $1,840,800 | $2,659,112 | $206,880 |
| Distributable Amount | $2,402,887 | $1,954,415 | $1,517,140 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Northwestern University ($1,000,000), National Committee on US-China Relations ($100,000), World Business Chicago ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHWESTERN UNIVERSITY EVANSTON, IL | GENERAL SUPPORT | $1,000,000 |
| NATIONAL COMMITTEE ON US-CHINA RELATIONS NEW YORK, NY | GENERAL SUPPORT | $100,000 |
| WORLD BUSINESS CHICAGO CHICAGO, IL | GENERAL SUPPORT | $100,000 |
| UNIVERSITY OF ILLINOIS URBANA, IL | GENERAL SUPPORT | $100,000 |
| UNIVERSITY OF CHICAGO CHICAGO, IL | GENERAL SUPPORT | $100,000 |
| HOPE CHICAGO CHICAGO, IL | GENERAL SUPPORT | $100,000 |
| MAX BAUCUS INSTITUTE MISSOULA, MT | GENERAL SUPPORT | $75,000 |
| CHINA INSTITUTE NEW YORK, NY | GENERAL SUPPORT | $65,000 |
| COMMUNITY FOUNDATION MUSCATINE, IA | GENERAL SUPPORT | $58,498 |
| THE CHICAGO COUNCIL ON GLOBAL AFFAIRS CHICAGO, IL | GENERAL SUPPORT | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Pin Ni – Executive Chair
- Weidi Lu – President
- Gang Li – Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Weidi Lu | President | 20 | $68,000 |
| Gang Li | Treasurer | 1 | — |
| Pin Ni | Executive Chair | 1 | — |
Recent News & Activity
Recent developments and announcements
In February 2025, the foundation made a significant $25 million gift to Northwestern University's Kellogg School of Management to launch the Northwestern Innovation Institute. This major gift supports research initiatives with real-world impact and represents a substantial commitment to innovation and education.
Kellogg School of Management Launches Northwestern Innovation Institute withSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Future Wanxiang Foundation Inc fund?
The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Arts, Culture & Humanities The foundation directs its grantmaking primarily toward organizations in Illinois, New York, and California.
How do I apply for a grant from The Future Wanxiang Foundation Inc?
**Grant Characteristics:** • Typical award range: $500–$1,000,000 • Average grant size: $59,600 • Median grant size: $22,500 **Recent Grant Activity:** The foundation made 18 grants in recent years, with total giving of $1.1 million to $2.06 million depending on the fiscal year. Notable recent grants include: • Northwestern University: $250,000 (General Support) • Asian Pacific American Institute for Congressional Studies: $135,000 (General Support) • World Business Chicago: $100,000 (General S…
Where does The Future Wanxiang Foundation Inc make grants?
The foundation primarily funds organizations in Illinois, New York, and California.
What size grants does The Future Wanxiang Foundation Inc award?
In 2024, The Future Wanxiang Foundation Inc awarded 26 grants totaling $2.1M — an average of about $79K per grant, based on its IRS Form 990 filings.
How much is The Future Wanxiang Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Future Wanxiang Foundation Inc reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Future Wanxiang Foundation Inc's EIN?
The Future Wanxiang Foundation Inc's EIN (Employer Identification Number) is 85-1628916. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Future Wanxiang Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Chicago Community Trust
CHICAGO, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
Baird Foundation Inc
MILWAUKEE, WI
Assets
—
Grants
3,751
Total Given
$6.6M
Arthur J Gallagher Foundation
ROLLING MEADOWS, IL
Assets
—
Grants
2,692
Total Given
$1.6M
The Allstate Foundation
NORTHBROOK, IL
Assets
—
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
CHICAGO, IL
Assets
$885.0M
Grants
1,485
Total Given
$31.9M
Baxter International Foundation
DEERFIELD, IL
Assets
$67.5M
Grants
1,300
Total Given
$13.7M
John D and Catherine T Macarthur
CHICAGO, IL
Assets
$9.3B
Grants
1,086
Total Given
$356.1M
Arie and Ida Crown Memorial
CHICAGO, IL
Assets
—
Grants
897
Total Given
$115.2M
Jewish Federation of Metropolitan
CHICAGO, IL
Assets
$1.1B
Grants
839
Total Given
$176.8M
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
Verizon Foundation
BASKING RIDGE, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
Enterprise Holdings Foundation
SAINT LOUIS, MO
Assets
—
Grants
9,499
Total Given
$73.1M
More Funders in Illinois
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.