The Shen Family Foundation
The Shen Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 8 grants totaling $53K. Net investment income was $223K.
The Shen Family Foundation at a glance
In short: The Shen Family Foundation gave $53K across 8 grants in 2024 (avg $7K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $53,250
- +77.5% vs 2023
- Grants made (2024)
- 8
- +166.7% vs 2023
- Average grant
- $6,656
- -33.4% vs 2023
- Median grant
- $4,975
- Total assets
- $2,385,321
- +36.6% vs 2023
- Primary geography
- California (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Shen Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Trustees of the University of Pennsylvania ($15K). Together the top 7 received $53K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How The Shen Family Foundation gives
- Giving grew 104% from 2021 to 2024. Method
- In 2024 it paid out 60% 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 2020 to 2024, annual grant giving ranged from $10K (2020) to $53K (2024). In 2024 it made 8 grants totaling $53K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Trustees of the University of Pennsylvania Philadelphia, PA | Hubert and Lea Shen Endowed Scholarship Fund | $15,000 |
| Harvard-Westlake School Los Angeles, CA | Harvard Westlake School Annual Fund | $10,000 |
| Westridge School for Girls Pasadena, CA | Westridge School Annual Fund | $10,000 |
| Gets Theological Seminary Covina, CA | General & Unrestricted | $5,000 |
| The Gathering San Mateo, CA | Charitable Event | $4,950 |
| The Gathering San Mateo, CA | Charitable Event | $4,800 |
| Teak Fellowship Inc New York, NY | General & Unrestricted | $2,500 |
| Living Hope Community Church of Walnut Valley Brea, CA | Youth Honduras 2024 Missions trip fund | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,385,321 | $707,373 | $68,198 | $53,250 | 8 | $67,417 | $223,171 | $111,652 |
| 2023 | $1,745,820 | $447,303 | $48,800 | $30,000 | 3 | $47,635 | $47,313 | $76,379 |
| 2022 | $1,337,974 | $482,081 | $30,478 | $17,500 | 2 | $28,578 | $102,363 | $53,914 |
| 2021 | $886,371 | $391,956 | $36,099 | $26,100 | 4 | $35,789 | $68,145 | $40,371 |
| 2020 | $530,514 | $255,390 | $24,903 | $10,000 | 1 | — | $21,801 | $19,851 |
Under IRS private-foundation payout rules, The Shen Family Foundation reported a distributable amount of $112K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Shen Family Foundation is led by Hubert Shen, Director, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hubert Shen
Director, President & Treasurer
On filings since 2020
5 hrs/week
No compensation reported
Lea Shen
Director & Secretary
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.
Frequently asked questions about The Shen Family Foundation
How much does The Shen Family Foundation give each year?
The Shen Family Foundation gave $53K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $30K across 3 grants.
What is The Shen Family Foundation's typical grant size?
The Shen Family Foundation's median grant in 2024 was $4,975, and its average grant was $6,656, across 8 grants on its 2024 IRS Form 990-PF.
Where does The Shen Family Foundation give grants?
The Shen Family Foundation gives mostly in California: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (28%). The most frequent recipient cities were San Mateo, CA (2 grants).
Does The Shen Family Foundation give general operating support?
Yes: 50% of The Shen Family Foundation's 2024 grants with a stated purpose (4 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Shen Family Foundation's largest grantees?
The Shen Family Foundation's largest 2024 grantees include Trustees of the University of Pennsylvania ($15,000), Harvard-Westlake School ($10,000) and Westridge School for Girls ($10,000), according to its 2024 IRS Form 990-PF. Together they received 66% of its itemized 2024 grant dollars.
How large is The Shen Family Foundation?
The Shen Family Foundation reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $67K in qualifying distributions that year, against a required minimum of $112K (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 Shen Family Foundation's EIN?
The Shen Family Foundation's EIN (Employer Identification Number) is 84-3036069. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Shen Family Foundation funds
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