The Future Wanxiang Foundation Inc
The Future Wanxiang Foundation Inc is a private foundation based in South Barrington, Illinois. It supports organizations through grants; in 2024, it awarded $2,062,348 across 26 grants.
The Future Wanxiang Foundation Inc at a glance
In short: The Future Wanxiang Foundation Inc gave $2.1M across 26 grants in 2024 (avg $79K), mostly in Illinois. 50% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,062,348
- +20.2% vs 2023
- Grants made (2024)
- 26
- -16.1% vs 2023
- Average grant
- $79,321
- +43.3% vs 2023
- Median grant
- $37,500
- Total assets
- $52,664,414
- +34.2% vs 2023
- New grantees (estimate)
- 50% first-time grantees (13 of 26, 2024)
- Primary geography
- Illinois (76% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Future Wanxiang Foundation Inc
- How to Apply
-
The filing lists the contact as Future Wanxiang Foundation. Form and materials, deadlines, and restrictions on awards are listed as N/A. The foundation states that it does not restrict giving to preselected organizations.
- Contact
Application contact: Future Wanxiang Foundation
Mailing address: 9 South Meadow Ct, South Barrington, IL 60010
Phone: (847) 628-8638
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Future Wanxiang Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Northwestern University ($1.0M). Together the top 10 received $1.7M.
Grant Size Distribution
98 grants across all recorded years
The most common grant size was under $50K: 62 grants of 98 (63%).
Geographic Focus
Where this funder awards grants
In 2024, 76% of grant dollars went to recipients in Illinois, 10% to New York, 4% to Montana, 3% to California, and 3% to Iowa.
Grant Distribution by State
Share of 2024 grant dollars across all 26 itemized grants.
States
Cities
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 grant lists in IRS Form 990-PF filings (2020–2024). 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 2020 to 2024, annual grant giving ranged from $293K (2020) to $2.1M (2024). In 2024 it made 26 grants totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| 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 |
Ready to take the next step with The Future Wanxiang Foundation Inc?
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 | $52,664,414 | $15,672,770 | $2,255,680 | $2,062,348 | 26 | $2,069,185 | $1,840,800 | $2,402,887 |
| 2023 | $39,247,324 | $8,555,802 | $1,909,691 | $1,716,000 | 31 | $1,719,632 | $2,659,112 | $1,954,415 |
| 2022 | $32,601,213 | $2,508,607 | $1,116,161 | $1,072,400 | 18 | $1,074,127 | $206,880 | $1,517,140 |
| 2021 | $31,208,767 | $25,003,776 | $987,025 | $980,242 | 16 | $983,775 | $526 | $377,057 |
| 2020 | $7,192,016 | $7,500,294 | $308,278 | $293,000 | 7 | — | — | $156,925 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations. Northwestern University describes its mission as excellent teaching, innovative research, and students’ personal and intellectual growth. HOPE Chicago says it works to expand access to debt-free postsecondary education and support students and parents in completing those pathways. World Business Chicago describes its work as driving inclusive economic growth and job creation, supporting business, and promoting Chicago as a global city. The Chicago Council on Global Affairs says it provides insight on global issues, advances policy solutions, and fosters dialogue.
Grantmaking
In 2024, the foundation made 26 grants totaling $2,062,348. Awards ranged from $1,000 to $1,000,000, with a median of $37,500. The largest grant was $1,000,000 to Northwestern University for general support. Other notable grants included $100,000 each to the National Committee on US-China Relations, World Business Chicago, the University of Illinois, the University of Chicago, and HOPE Chicago, all for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Weidi Lu as president, Gang Li as treasurer, and Pin Ni as executive chair.
The Future Wanxiang Foundation Inc is led by Weidi Lu, President since 2022 (on filings since 2020); 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Weidi Lu
President
Director, President & Secretary → President, 2022
On filings since 2020
20 hrs/week
$26K (2022) → $68K (2024)
Pin Ni
Executive Chair
Director & Executive Chair → Executive Chair, 2022
On filings since 2020
1 hr/week
No compensation reported
Gang Li
Treasurer
Director & Vice President → Director, Vice President & Treasurer, 2021
Director, Vice President & Treasurer → Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $68K, to Weidi Lu (President).
Frequently asked questions about The Future Wanxiang Foundation Inc
How much does The Future Wanxiang Foundation Inc give each year?
The Future Wanxiang Foundation Inc gave $2.1M across 26 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 31 grants.
What is The Future Wanxiang Foundation Inc's typical grant size?
The Future Wanxiang Foundation Inc's median grant in 2024 was $37,500, and its average grant was $79,321, across 26 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Future Wanxiang Foundation Inc that year got $44K on average.
Where does The Future Wanxiang Foundation Inc give grants?
The Future Wanxiang Foundation Inc gives mostly in Illinois: 76% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (10%). The most frequent recipient cities were Chicago, IL (11 grants) and New York, NY (4 grants).
Does The Future Wanxiang Foundation Inc give general operating support?
Yes: 100% of The Future Wanxiang Foundation Inc's 2024 grants with a stated purpose (26 of 26) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Future Wanxiang Foundation Inc's largest grantees?
The Future Wanxiang Foundation Inc's largest 2024 grantees include Northwestern University ($1,000,000), National Committee on US-China Relations ($100,000) and World Business Chicago ($100,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is The Future Wanxiang Foundation Inc?
The Future Wanxiang Foundation Inc reported $52.7M in total assets on its 2024 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $2.4M (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 Future Wanxiang Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations. Northwestern University describes its mission as excellent teaching, innovative research, and students’ personal and intellectual growth. See mission & focus areas ↑
How do I apply for a grant from The Future Wanxiang Foundation Inc?
The filing lists the contact as Future Wanxiang Foundation. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 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 with grantees in common, and similar funders in Illinois
The Chicago Community Trust
Chicago, IL
The Chicago Community Trust funds eligible nonprofits working to narrow the wealth gap and meet urgent needs, with priorities including economic mobility, education, jobs, homeownership, and community development in metropolitan Chicago and Cook County. Its 2025 grants had a median of $26,500, though amounts varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
$7.1B
Grants
4,316
Total Given
$1.2B
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
The Allstate Foundation
Northbrook, IL
The Allstate Foundation funds youth empowerment, efforts to prevent and address relationship abuse, nonprofit leadership, and related economic opportunity and equity work. Its 2024 grants ranged from $250 to $2 million, with a median of $1,000, and awards must support work in the United States. It accepts proposals from organizations beyond a preselected list; proposals are reviewed as received.
Assets
$89.3M
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
Chicago, IL
The Elks National Foundation funds scholarships, youth programs, veterans’ services, and charitable projects through Elks Lodges and state associations across the United States. Its 2026 grants had a median size of $10,000, though awards varied widely; the profile describes application routes for specific Lodge and scholarship programs but does not state whether it accepts unsolicited requests.
Assets
$954.1M
Grants
1,536
Total Given
$36.5M
John D and Catherine T Macarthur Foundation
Chicago, IL
The MacArthur Foundation funds work advancing a more just, verdant, and peaceful world, including climate solutions, criminal justice, journalism, technology, and Chicago. In 2024, its grants had a median of $160,000, though awards ranged widely; it generally does not accept unsolicited requests, with possible exceptions for specific open calls or proposals that meet program guidelines.
Assets
$9.3B
Grants
1,086
Total Given
$356.1M
Arie and Ida Crown Memorial
Chicago, IL
Arie and Ida Crown Memorial supports education, the environment, health and human services, gun violence prevention, homelessness prevention, and Jewish community and Israel initiatives, with a strong focus on Chicago and giving across the U.S. and internationally. In 2024, its grants ranged from $500 to $3 million, with a median of $55,000. It uses an invitation-only process and does not accept unsolicited requests.
Assets
$1.4B
Grants
897
Total Given
$115.2M
More similar funders
More Funders in Illinois
Cite this profile
Grantable. (2026). The Future Wanxiang Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-future-wanxiang-foundation-inc-morg_87ea1cc4d219489b99c8f8557907314a
BibTeX
@misc{grantable_851628916_2026,
author = {{Grantable}},
title = {{The Future Wanxiang Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-future-wanxiang-foundation-inc-morg_87ea1cc4d219489b99c8f8557907314a},
note = {Accessed 2026-10-15. 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 Future Wanxiang Foundation Inc'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.
The Future Wanxiang Foundation Inc down — hundreds of funders to go?