The Li Foundation Inc
The Li Foundation Inc is a private foundation, based in Berkeley, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6.7M in total assets. In 2025, it awarded 3 grants totaling $404K. Net investment income was $77K.
The Li Foundation Inc at a glance
In short: The Li Foundation Inc gave $404K across 3 grants in 2025 (avg $135K), mostly in Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $404,313
- +3.1% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $134,771
- +3.1% vs 2024
- Median grant
- $65,000
- Total assets
- $6,704,905
- -3.1% vs 2024
- Primary geography
- Connecticut (69% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Li Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Yale University ($279K). Together the top 2 received $339K.
Organizations only. It also paid 1 grant to individuals ($65,000), which are not listed by name.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was in the $50–100K range: 12 grants of 18 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Li Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $205K (2020) to $422K (2022). In 2025 it made 3 grants totaling $404K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Yale University New Haven, CT | Fellowship | $279,313 |
| 1 grant to individuals Recipients not named | — | $65,000 |
| Needham Research Center Orange, CA | Fellowship | $60,000 |
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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 | $6,704,905 | $347,331 | $562,472 | $404,313 | 3 | $483,242 | $76,670 | $523,957 |
| 2024 | $6,921,464 | $435,538 | $547,596 | $392,106 | 3 | $469,853 | $92,034 | $490,771 |
| 2023 | $7,034,848 | $402,162 | $501,219 | $376,216 | 4 | $428,010 | $83,047 | $422,103 |
| 2022 | $7,134,500 | $679,424 | $564,390 | $422,335 | 5 | $493,362 | $70,594 | $438,472 |
| 2021 | $7,026,167 | $443,212 | $326,784 | $229,316 | 3 | $277,751 | $98,269 | $473,908 |
| 2020 | $6,913,301 | $274,121 | $401,907 | $205,000 | 3 | — | $38,046 | $384,718 |
| 2019 | $7,050,035 | $710,538 | $433,129 | $270,000 | 4 | — | $597,009 | $375,904 |
Under IRS private-foundation payout rules, The Li Foundation Inc reported a distributable amount of $524K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Li Foundation Inc is led by Andrew Leong, President on the 2025 filing; 4 of 12 officers listed in 2025 are compensated.
Officers on the 2025 filing
Andrew Leong
President
New on the 2025 filing
5 hrs/week
$8K (2025)
Dillon Deduonni
Director
Secretary → Director, 2020
On filings since 2019
5 hrs/week
$4K (2019) → $0 (2025)
Minfong Ho Dennis
Director
On filings since 2019
5 hrs/week
$900 (2020) → $0 (2025)
Taie Li
Director
On filings since 2019
5 hrs/week
$600 (2020) → $0 (2025)
Christina Van Zandt
Director
On filings since 2020
5 hrs/week
$300 (2020) → $0 (2025)
Conner Deduonni
Director
On filings since 2022
5 hrs/week
$400 (2022) → $0 (2025)
Renyung Ho
Director
On filings since 2020
5 hrs/week
No compensation reported
Finn Li
Director
New on the 2025 filing
5 hrs/week
No compensation reported
Anna Li
Vice President
Director → Vice President, 2020
On filings since 2019
5 hrs/week
$300 (2019) → $5K (2025)
Ling Kou Li
Member
Treasurer → Director, 2020
Director → Member, 2025
On filings since 2019
5 hrs/week
$4K (2019) → $0 (2025)
Brian Leong
Secretary
On filings since 2020
5 hrs/week
$3K (2021) → $5K (2025)
Eric Way Leong
Treasurer
On filings since 2020
5 hrs/week
$900 (2020) → $5K (2025)
Former officers (7)
- Former: Andrew Leong Way (2019–2024) — President
- Former: Gail Chun-Deduonni (2019–2024) — Director
- Former: Mary Dennis (2020–2024) — Director
- Former: Ariana Li (2023–2024) — Director
- Former: Ling Li Ng (2024) — Director
- Former: Carlos Chang Koo (2019) — Director
- Former: Eric Leong Way (2019) — Director
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $8K, to Andrew Leong (President). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The Li Foundation Inc
How much does The Li Foundation Inc give each year?
The Li Foundation Inc gave $404K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $392K across 3 grants.
What is The Li Foundation Inc's typical grant size?
The Li Foundation Inc's median grant in 2025 was $65,000, and its average grant was $134,771, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Li Foundation Inc give grants?
The Li Foundation Inc gives mostly in Connecticut: 69% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (15%).
Does The Li Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Li Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Fellowship" (3 grants).
How large is The Li Foundation Inc?
The Li Foundation Inc reported $6.7M in total assets on its 2025 IRS Form 990-PF. It paid out $483K in qualifying distributions that year, against a required minimum of $524K (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 is The Li Foundation Inc's EIN?
The Li Foundation Inc's EIN (Employer Identification Number) is 13-6098783. 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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 30, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Li Foundation Inc's focus areas in our free grants database
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