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.
Key facts about Wemagic Foundation
- EIN
- 85-4107512
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $13,000
- Grants made (2024)
- 2
- Average grant
- $6,500
- Median grant
- $6,500
- Total assets
- $210,769
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Wemagic Foundation gives
- Giving fell 28% from 2021 to 2024. Method
- In 2024 it paid out 156% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Wemagic Foundation
- How to evaluate Wemagic Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Wemagic Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
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
Ready to take the next step with Wemagic Foundation?
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 | $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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients 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
No officer or director reported compensation in the available filings.
From 2024 IRS 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
Similar Funders
Funders that support many of the same organizations
Fortune Home Foundation
San Jose, CA
Assets
—
Grants
1
Total Given
$11K
Cosmos and Evelyne Nicolaou Foundation
Wilmington, DE
Assets
$3.0M
Grants
2
Total Given
$55K
Hui Foundation
Atherton, CA
Assets
$13K
Grants
3
Total Given
$256K
The Chan Family Foundation
Cupertino, CA
Assets
$3.0M
Grants
6
Total Given
$103K
Goldberg Family Foundation
Woodside, CA
Assets
$16K
Grants
10
Total Given
$3.5M
Pichai Family Foundation
San Francisco, CA
Assets
—
Grants
11
Total Given
$9.2M
Chip Foundation
Cupertino, CA
Assets
—
Grants
13
Total Given
$169K
Randall a Wolf Family Foundation
Fremont, CA
Assets
$38.5M
Grants
30
Total Given
$1.2M
Stephenson Foundation
Palo Alto, CA
Assets
$21.4M
Grants
30
Total Given
$1.2M
Chambers Family Foundation
Palo Alto, CA
Assets
$9.6M
Grants
31
Total Given
$3.4M
The George & Wilma Leonard Charitable
Novato, CA
Assets
$8.5M
Grants
47
Total Given
$535K
Floyd Family Foundation
Palo Alto, CA
Assets
$6.6M
Grants
85
Total Given
$950K
More Funders in California
Data last updated September 2026. Sourced from IRS Form 990-PF filings.