To further relationship that would benefit and enrich the academic communities of Asians and Asian Americans in the U.S.A. and in Asia by: (a) providing support for academic communities, including universities, colleges, academic institutions, and affiliate entities, students, faculties and friends; (b) promoting academic and cultural exchange between academic institutions in the U.S.A. and Asia; (c) promoting and inspiring Asian and Asian Americans' excellence in industries.
Key facts about Ustc Initiative Foundation
- EIN
- 27-4542683
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $60,000
- Grants made (2024)
- 2
- Average grant
- $30,000
- Median grant
- $30,000
- Total assets
- $4,907,754
- Primary geography
- California (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Ustc Initiative Foundation gives
- Giving grew 20% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Ustc Initiative Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+20.7% YoY
Annual Giving
$60K
-95.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$30K
-95.0% YoY
About Ustc Initiative Foundation
Based on IRS filings
Ustc Initiative Foundation is a nonprofit organization focused on Education, based in Pasadena, CA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 2 grants totaling $60K. Net investment income was $141K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,907,754 | $4,065,506 | $3,563,310 |
| Revenue | $938,716 | $1,715,071 | $1,246,086 |
| Expenses | $108,771 | $1,216,505 | $882,106 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $140,817 | $86,680 | $1,158 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Stanford University ($30,000), University of Arizona Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Stanford University Stanford, CA | The program builds collaboration between Stanford and top Asian universities by attracting Asian undergraduate students to Stanford to work with faculty and students on research in the summer. By being part of the UGVR cohort, Asian students learn from and enhance Stanford undergraduate and graduate students' experience with a diverse, international population, broadening the perspective of both groups. | $30,000 |
| UNIVERSITY OF ARIZONA FOUNDATION Tucson, AZ | Academic exchange activities at University of Arizona are expected to enhance the cooperation and knowledge sharing between scholars and students. It will cover various aspects such as lectures and conduct seminars, as well as providing opportunities for students and researchers to visit and study at University of Arizona, thereby promoting the exchange and progress of academic ideas and research achievements. | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Hua Jiang | President | 2 | — |
| Lei Zhang | Chief Financial Officer | 3 | — |
| Haoying Sun | Secretary | 1 | — |
| Long Yu | Director | 2 | — |
| Ou Chen | Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ustc Initiative Foundation?
Ustc Initiative Foundation is a nonprofit organization focused on Education, based in Pasadena, CA. It holds $4.9M in total assets as of 2024.
How large is Ustc Initiative Foundation?
As of 2024, Ustc Initiative Foundation holds $4.9M in total assets with $939K in annual revenue. It awarded 2 grants totaling $60K in 2024.
Where does Ustc Initiative Foundation operate?
Ustc Initiative Foundation has awarded grants in Arizona, California.
What size grants does Ustc Initiative Foundation award?
In 2024, Ustc Initiative Foundation awarded 2 grants totaling $60K — an average of about $30K per grant, based on its IRS Form 990 filings.
What is Ustc Initiative Foundation's EIN?
Ustc Initiative Foundation's EIN (Employer Identification Number) is 27-4542683. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.