The L Foundation Inc
The L Foundation Inc is a private foundation, based in Sugar Land, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $178K in total assets. In 2025, it awarded 1 grant totaling $60K. Net investment income was $3K.
Key facts about The L Foundation Inc
In short: The L Foundation Inc gave $60K across 1 grant in 2025 (avg $60K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 82-3356036
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $60,000
- Grants made (2025)
- 1
- Average grant
- $60,000
- Median grant
- $60,000
- Total assets
- $178,405
- Primary geography
- New York (100% 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
$178K
+30.0% YoY
Annual Giving
$60K
+1100.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$60K
+1100.0% YoY
Under IRS private-foundation payout rules, The L Foundation Inc reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
How The L Foundation Inc gives
- In 2025 it paid out 494% of 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
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $5K (2024) to $104K (2019). In 2025 it made 1 grant totaling $60K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Rochester ($60K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Rochester Rochester, NY | Unrestricted | $60,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $178,405 | $137,195 | $138,152 |
| Revenue | $102,399 | $6,055 | $-89,699 |
| Expenses | $61,188 | $6,048 | $1,212 |
| Qualifying Distributions | $60,722 | $5,659 | $763 |
| Net Investment Income | $2,546 | $5,699 | $2,389 |
| Distributable Amount | $12,293 | $10,749 | $8,630 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
Leadership & Key People
Officers and directors from IRS filings
The L Foundation Inc is led by Yan Michael Li, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Yan Michael Li
President
On filings since 2019
No compensation reported
Gang Li
Secretary
On filings since 2019
No compensation reported
Xiaoping Becky Zhang
Vice President & Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 L Foundation Inc
How much does The L Foundation Inc give each year?
The L Foundation Inc gave $60K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 1 grant.
How large is The L Foundation Inc?
The L Foundation Inc reported $178K in total assets on its 2025 IRS Form 990-PF. It paid out $61K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
Where does The L Foundation Inc operate?
The L Foundation Inc has awarded grants in New York.
What is The L Foundation Inc's EIN?
The L Foundation Inc's EIN (Employer Identification Number) is 82-3356036. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The L Foundation Inc by hand.
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