Wemagic Foundation
Wemagic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ALTOS HILLS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $211K in total assets. In 2024, it awarded 2 grants totaling $13K. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$211K
+21.3% YoY
Annual Giving
$13K
+550.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$7K
+225.0% YoY
Under IRS private-foundation payout rules, Wemagic Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Wemagic Foundation
Based on IRS filings
Wemagic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ALTOS HILLS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $211K in total assets. In 2024, it awarded 2 grants totaling $13K. Net investment income was $32K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $210,769 | $173,736 | $113,560 |
| Revenue | $31,807 | $5,571 | $6,394 |
| Expenses | $13,252 | $2,597 | $20,018 |
| Qualifying Distributions | $13,000 | $2,000 | $20,000 |
| Net Investment Income | $31,807 | $2,571 | $6,394 |
| Distributable Amount | $8,349 | $7,264 | $7,350 |
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
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Home of Christ in Menlo Park ($9,500), Castilleja School Foundation ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Home of Christ in Menlo Park Menlo Park, CA | Donation to local church | $9,500 |
| Castilleja School Foundation Palo Alto, CA | Donation to Castilleja View360 activity | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Huisheng Wang | CEO | 1 | — |
| Yinqing Zhao | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wemagic Foundation?
Wemagic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ALTOS HILLS, CA. It holds $211K in total assets as of 2024.
How large is Wemagic Foundation?
As of 2024, Wemagic Foundation holds $211K in total assets with $32K in annual revenue. It awarded 2 grants totaling $13K in 2024.
Where does Wemagic Foundation operate?
Wemagic Foundation has awarded grants in California.
What size grants does Wemagic Foundation award?
In 2024, Wemagic Foundation awarded 2 grants totaling $13K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Wemagic Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wemagic Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wemagic Foundation's EIN?
Wemagic Foundation's EIN (Employer Identification Number) is 85-4107512. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wemagic Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.