The TF & JY Shao Foundation

Private foundation · Grantmaker Houston, TX EIN: 75-2897359

The TF & JY Shao Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 4 grants totaling $66K. Net investment income was $185K.

Key facts about The TF & JY Shao Foundation

In short: The TF & JY Shao Foundation gave $66K across 4 grants in 2024 (avg $16K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
75-2897359
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$65,548
Grants made (2024)
4
Average grant
$16,387
Median grant
$17,744
Total assets
$1,368,681
Primary geography
Texas (57% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

+8.6% YoY

Annual Giving

$66K

+30.9% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$16K

+30.9% YoY

Under IRS private-foundation payout rules, The TF & JY Shao Foundation reported a distributable amount of $68K for 2024 — the minimum it must pay out in qualifying distributions.

How The TF & JY Shao Foundation gives

  • Giving held roughly steady from 2021 to 2024 (−1%). Method
  • In 2024 it paid out 112% 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

1state

Share of 2024 grant dollars across all 4 itemized grants.

States

Cities

StrawnHouston

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K4 grants2020 3 grants2021 5 grants2022 4 grants2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $50K (2023) to $120K (2022). In 2024 it made 4 grants totaling $66K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Strawn ISD Education Foundation: $37K across 3 grantsStrawn ISD EducationFoundation$37K · 3 grantsTongji University: $29KTongji University$29K

The largest 2024 recipient was Strawn ISD Education Foundation ($37K across 3 grants). Together the top 2 received $66K.

Grant Size Distribution

20 grants across all recorded years

19<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 19 grants of 20 (95%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Tongji University Scholarship assistance for 45 students$28,500
Strawn ISD Education Foundation Strawn, TXAcademic achievement incentive programs$25,000
Strawn ISD Education Foundation Strawn, TXAfter school tutoring and IXL programs$10,488
Strawn ISD Education Foundation Strawn, TXSummer Library program and Battle of the Books$1,560

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$1,368,681$1,260,421$1,700,812
Revenue$185,938$-390,324$-68,638
Expenses$77,678$50,067$135,860
Qualifying Distributions$76,528$50,067$127,546
Net Investment Income$184,788$16,411$8,107
Distributable Amount$68,381$54,697$62,202

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The TF & JY Shao Foundation is led by Tzu Fann Shao, President since 2021 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Tzu Fann Shao

    President

    President & Tr. → President, 2021

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Wei Ann Bay

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Wei Li Shao

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Jeannie Shao (2020–2023) — Secretary

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 TF & JY Shao Foundation

How much does The TF & JY Shao Foundation give each year?

The TF & JY Shao Foundation gave $66K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $50K across 4 grants.

What is The TF & JY Shao Foundation's typical grant size?

The TF & JY Shao Foundation's median grant in 2024 was $17,744, and its average grant was $16,387, across 4 grants on its 2024 IRS Form 990-PF.

Where does The TF & JY Shao Foundation give grants?

The TF & JY Shao Foundation gives mostly in Texas: 57% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Strawn, TX (3 grants).

Does The TF & JY Shao Foundation give general operating support?

Not in 2024: none of the 4 grants with a stated purpose on The TF & JY Shao Foundation's 2024 IRS Form 990-PF were described as general or operating support.

How large is The TF & JY Shao Foundation?

The TF & JY Shao Foundation reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $77K in qualifying distributions that year, against a required minimum of $68K (roughly 5% of its investment assets).

What is The TF & JY Shao Foundation's EIN?

The TF & JY Shao Foundation's EIN (Employer Identification Number) is 75-2897359. 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.

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