The Wang & Tao Family Foundation
The Wang & Tao Family Foundation is a private foundation, based in Hillsborough, CA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $912K in total assets. In 2023, it awarded 4 grants totaling $51K. Net investment income was $29K.
The Wang & Tao Family Foundation at a glance
In short: The Wang & Tao Family Foundation gave $51K across 4 grants in 2023 (avg $13K), mostly in California. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $50,600
- -8.2% vs 2022
- Grants made (2023)
- 4
- -20.0% vs 2022
- Average grant
- $12,650
- +14.8% vs 2022
- Median grant
- $10,000
- Total assets
- $911,677
- -1.9% vs 2022
- Primary geography
- California (80% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who The Wang & Tao Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
The largest 2023 recipient was Schwab Charitable Fund ($30K). Together the top 4 received $51K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 4 itemized grants.
States
Cities
How The Wang & Tao Family Foundation gives
- Giving grew 5522% from 2020 to 2023. Method
- In 2023 it paid out 108% of its IRS minimum distribution (the 5% rule). 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 2023, annual grant giving ranged from $900 (2020) to $55K (2022). In 2023 it made 4 grants totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable Fund San Francisco, CA | General Purpose | $30,000 |
| Hillsborough Schools Foundation Hillsborough, CA | General Purpose | $10,000 |
| Northwestern University Evanston, IL | General Purpose | $10,000 |
| Kipp Foundation Irwindale, CA | General Purpose | $600 |
Ready to take the next step with The Wang & Tao Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | $911,677 | $43,151 | $60,462 | $50,600 | 4 | $50,845 | $28,975 | $47,103 |
| 2022 | $928,988 | $32,738 | $74,894 | $55,100 | 5 | $60,324 | $18,169 | $51,774 |
| 2021 | $971,144 | $40,753 | $41,922 | $19,500 | 5 | — | $29,738 | $53,837 |
| 2020 | $972,313 | $1,009,957 | $37,644 | $900 | 2 | — | $982,263 | $16,183 |
Under IRS private-foundation payout rules, The Wang & Tao Family Foundation reported a distributable amount of $47K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Wang & Tao Family Foundation is led by Tao Tao, Chief Executive Officer on every filing since 2020; none of the 2 officers listed in 2023 report compensation.
Officers on the 2023 filing
Tao Tao
Chief Executive Officer
On filings since 2020
2 hrs/week
No compensation reported
Chao Wang
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 Wang & Tao Family Foundation
How much does The Wang & Tao Family Foundation give each year?
The Wang & Tao Family Foundation gave $51K across 4 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $55K across 5 grants.
What is The Wang & Tao Family Foundation's typical grant size?
The Wang & Tao Family Foundation's median grant in 2023 was $10,000, and its average grant was $12,650, across 4 grants on its 2023 IRS Form 990-PF.
Where does The Wang & Tao Family Foundation give grants?
The Wang & Tao Family Foundation gives mostly in California: 80% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The next largest state was Illinois (20%).
Does The Wang & Tao Family Foundation give general operating support?
Yes: 100% of The Wang & Tao Family Foundation's 2023 grants with a stated purpose (4 of 4) were for general or operating support, per its 2023 IRS Form 990-PF.
How large is The Wang & Tao Family Foundation?
The Wang & Tao Family Foundation reported $912K in total assets on its 2023 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $47K (roughly 5% of its investment assets).
What is The Wang & Tao Family Foundation's EIN?
The Wang & Tao Family Foundation's EIN (Employer Identification Number) is 84-3345282. IRS Form 990 filing data is available on this page for 2020–2023.
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 2020–2023
Explore Open Grants
Browse active grant opportunities in The Wang & Tao Family Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
McKesson Foundation Inc
Dallas, TX
The McKesson Foundation funds cancer support and care, healthcare workforce pathways, and emergency response, with grants mainly supporting organizations in the United States and Canada. Its 2025 grants had a median of $100,000, though amounts ranged from $10,000 to about $2.47 million. Its filing says it does not accept unsolicited requests, while its application page describes an online application process with stated submission windows.
Assets
$1.6M
Grants
76
Total Given
$16.6M
Valhalla Foundation
Woodside, CA
The Valhalla Foundation funds early childhood and K–12 education, data science education, medical research and talent, environmental innovation, and collaborative philanthropy, with 2024 grants reaching organizations in multiple states and Washington, DC. Its 2024 grants ranged from $5,250 to $10 million, with a median of $650,000. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$527.1M
Grants
80
Total Given
$131.7M
Meyer and Raena Hammerman
Chicago, IL
Assets
$378K
Grants
116
Total Given
$68K
Deloitte Foundation
Stamford, CT
The Deloitte Foundation funds U.S. education initiatives, including scholarships, curriculum and faculty support, mentoring, and grants to education nonprofits and universities, particularly through local programs in about 30 selected locations. Its 2025 grants had a median of $50,000, and it does not accept unsolicited requests for its Local Impact Grant Program.
Assets
$51.4M
Grants
121
Total Given
$32.5M
Viking Global Foundation Inc
Stamford, CT
Assets
$7.1M
Grants
423
Total Given
$3.6M
More similar funders
More Funders in California
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Wang & Tao Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Wang & Tao Family Foundation down — hundreds of funders to go?