The Wang & Tao Family Foundation
The Wang & Tao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$912K
-1.9% YoY
Annual Giving
$51K
-8.2% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$13K
+14.8% YoY
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.
About The Wang & Tao Family Foundation
Based on IRS filings
The Wang & Tao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $911,677 | $928,988 | $971,144 |
| Revenue | $43,151 | $32,738 | $40,753 |
| Expenses | $60,462 | $74,894 | $41,922 |
| Qualifying Distributions | $50,845 | $60,324 | — |
| Net Investment Income | $28,975 | $18,169 | $29,738 |
| Distributable Amount | $47,103 | $51,774 | $53,837 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Schwab Charitable Fund ($30,000), Hillsborough Schools Foundation ($10,000), Northwestern University ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HILLSBOROUGH SCHOOLS FOUNDATION HILLSBOROUGH, CA | GENERAL PURPOSE | $10,000 |
| KIPP FOUNDATION IRWINDALE, CA | GENERAL PURPOSE | $600 |
| NORTHWESTERN UNIVERSITY EVANSTON, IL | GENERAL PURPOSE | $10,000 |
| SCHWAB CHARITABLE FUND SAN FRANCISCO, CA | GENERAL PURPOSE | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TAO TAO | CHIEF EXECUTIVE OFFICER | 2 | — |
| CHAO WANG | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Wang & Tao Family Foundation?
The Wang & Tao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HILLSBOROUGH, CA. It holds $912K in total assets as of 2023.
How large is The Wang & Tao Family Foundation?
As of 2023, The Wang & Tao Family Foundation holds $912K in total assets with $43K in annual revenue. It awarded 4 grants totaling $51K in 2023.
Where does The Wang & Tao Family Foundation operate?
The Wang & Tao Family Foundation has awarded grants in California, Illinois.
What size grants does The Wang & Tao Family Foundation award?
In 2023, The Wang & Tao Family Foundation awarded 4 grants totaling $51K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The Wang & Tao Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Wang & Tao Family Foundation reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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