Ustc Initiative Foundation
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.
Ustc Initiative Foundation at a glance
In short: Ustc Initiative Foundation gave $60K across 2 grants in 2024 (avg $30K), mostly in California. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $60,000
- -95.0% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $30,000
- -95.0% vs 2023
- Median grant
- $30,000
- Total assets
- $4,907,754
- +20.6% vs 2023
- Primary geography
- California (50% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Ustc Initiative Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Stanford University ($30K). Together the top 2 received $60K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 3 grants of 8 (38%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Ustc Initiative Foundation gives
- Giving grew 20% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $30K (2019) to $1.2M (2023). In 2024 it made 2 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $4,907,754 | $938,716 | $108,771 | $60,000 | 2 | $140,817 |
| 2023 | $4,068,671 | $1,713,553 | $1,216,739 | $1,203,000 | 2 | $82,014 |
| 2022 | $3,563,310 | $1,246,086 | $882,106 | $860,000 | 2 | $1,158 |
| 2021 | $3,207,432 | $510,824 | $53,037 | $50,000 | 1 | $267 |
| 2020 | $2,744,654 | $481,489 | $60,119 | $50,000 | 1 | $358 |
| 2019 | $2,320,912 | $464,226 | $67,760 | $30,000 | 1 | $1,395 |
About Ustc Initiative Foundation
Based on IRS filings
Ustc Initiative Foundation is a public charity 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
Leadership & Key People
Officers and directors from IRS filings
Ustc Initiative Foundation is led by Hua Jiang, President on every filing since 2019; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hua Jiang
President
On filings since 2019
2 hrs/week
No compensation reported
Long Yu
Director
On filings since 2019
2 hrs/week
No compensation reported
Ou Chen
Director
On filings since 2019
2 hrs/week
No compensation reported
Haoying Sun
Secretary
On filings since 2019
1 hr/week
No compensation reported
Lei Zhang
Chief Financial Officer
On filings since 2019
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Ustc Initiative Foundation
How much does Ustc Initiative Foundation give each year?
Ustc Initiative Foundation gave $60K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.2M across 2 grants.
How large is Ustc Initiative Foundation?
Ustc Initiative Foundation reported $4.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $939K.
What is Ustc Initiative Foundation?
Ustc Initiative Foundation is a public charity focused on Education, based in Pasadena, CA. It holds $4.9M in total assets as of 2024.
Where does Ustc Initiative Foundation operate?
Ustc Initiative Foundation has awarded grants in Arizona, California.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS August 21, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Ustc Initiative Foundation funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Ustc Initiative Foundation's focus areas in our free grants database
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