The Gu and Yang Family Foundation

Private foundation · Grantmaker Waban, MA EIN: 88-1079586

The Gu and Yang Family Foundation is a private foundation, based in Waban, MA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $307 in total assets. In 2025, it awarded 4 grants totaling $6K. Net investment income was $2K.

Key facts about The Gu and Yang Family Foundation

In short: The Gu and Yang Family Foundation gave $6K across 4 grants in 2025 (avg $1K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.

EIN
88-1079586
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$5,850
Grants made (2025)
4
Average grant
$1,463
Median grant
$600
Total assets
$307
Primary geography
Massachusetts (83% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$307

-91.9% YoY

Annual Giving

$6K

+116.7% YoY

Grant Count

4

+100.0% YoY

Avg Grant Size

$1K

+8.3% YoY

How The Gu and Yang Family Foundation gives

  • Giving grew 290% from 2022 to 2025. Method
  • In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

West NewtonLexingtonNewtonBaltimore

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K1 grant2022 1 grant2023 2 grants2024 4 grants2025

From 2022 to 2025, annual grant giving ranged from $2K (2022) to $6K (2025). In 2025 it made 4 grants totaling $6K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

The Fessenden School: $5KThe Fessenden School$5KJohn Hopkins Hospital: $1KJohn Hopkins Hospital$1KDharma Drum Mountain Mssachusetts Buddhist Association: $200Dharma Drum MountainMssachusetts Buddhist…$200Newton Education Support Network: $150Newton Education SupportNetwork$150

The largest 2025 recipient was The Fessenden School ($5K). Together the top 4 received $6K.

Grant Size Distribution

8 grants across all recorded years

8<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 8 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Fessenden School Newton, MATo support education$4,500
John Hopkins Hospital Baltimore, MDTo support medical research and help other patients$1,000
Dharma Drum Mountain Mssachusetts Buddhist Association Lexington, MATo support religious study$200
Newton Education Support Network Newton, MATo support education-related community activities$150

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2K$4K$6K$8K2022 2023 2024 2025
Metric202520242023
Total Assets$307$3,777$1,206
Revenue$1,758$5,922$4,805
Expenses$5,850$3,419$5,000
Qualifying Distributions$5,850$2,700$5,540
Net Investment Income$2,084$1,539$4,946
Distributable Amount——$57

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2022 (received by the IRS July 22, 2024)
  2. Updated Form 990-PF for fiscal year 2023 (received by the IRS August 5, 2024)
  3. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
  4. Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
  5. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Officers and directors from IRS filings

The Gu and Yang Family Foundation is led by Shirley W. Yang, President on every filing since 2022; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Shirley W. Yang

    President

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jie Lin

    Director

    On filings since 2022

    0.5 hrs/week

    No compensation reported

  • Mingzhu Wang

    Director

    On filings since 2022

    0.5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2022–2025. "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 Gu and Yang Family Foundation

How much does The Gu and Yang Family Foundation give each year?

The Gu and Yang Family Foundation gave $6K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 2 grants.

What is The Gu and Yang Family Foundation's typical grant size?

The Gu and Yang Family Foundation's median grant in 2025 was $600, and its average grant was $1,463, across 4 grants on its 2025 IRS Form 990-PF.

Where does The Gu and Yang Family Foundation give grants?

The Gu and Yang Family Foundation gives mostly in Massachusetts: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Maryland (17%). The most frequent recipient cities were Newton, MA (2 grants).

Does The Gu and Yang Family Foundation give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on The Gu and Yang Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.

How large is The Gu and Yang Family Foundation?

The Gu and Yang Family Foundation reported $307 in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $2K.

What is The Gu and Yang Family Foundation's EIN?

The Gu and Yang Family Foundation's EIN (Employer Identification Number) is 88-1079586. IRS Form 990 filing data is available on this page for 2022–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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