Xelay Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN MATEO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 10 grants totaling $153K. Net investment income was $1.0M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+49.4% YoY
Annual Giving
$153K
-15.3% YoY
Grant Count
10
-9.1% YoY
Avg Grant Size
$15K
-6.9% YoY
Under IRS private-foundation payout rules, Xelay Foundation reported a distributable amount of $195K for 2024 — the minimum it must pay out in qualifying distributions.
About Xelay Foundation
Based on IRS filings
Xelay Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN MATEO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 10 grants totaling $153K. Net investment income was $1.0M.
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 | $2,542,776 | $1,701,881 | $1,706,497 |
| Revenue | $1,114,523 | $212,271 | $14,856 |
| Expenses | $302,554 | $213,169 | $217,796 |
| Qualifying Distributions | $155,810 | $183,095 | $166,050 |
| Net Investment Income | $1,014,075 | $204,395 | $7,106 |
| Distributable Amount | $195,340 | $125,526 | $149,947 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
62 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The University of Chicago ($76,000), Mit Alumni Association ($20,000), New Life Community Church ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MIT ALUMNI ASSOCIATION CAMBRIDGE, MA | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $20,000 |
| THE UNIVERSITY OF CHICAGO CHICAGO, IL | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $76,000 |
| XELAY FOUNDATION ACADEMIC SCHOLARSHIP 2024-2025 SAN MATEO, CA | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
| ODYSSEY SAN MATEO, CA | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $4,336 |
| XELAY FOUNDATION COLLEGIATE TENNIS SCHOLARSHIP 2024-2025 SAN MATEO, CA | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $5,585 |
| SILICON VALLEY TSINGHUA NETWORK MILPITAS, CA | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $750 |
| NUEVA RTP SAN MATEO, CA | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
| TAIWANESE AMERICAN ORGANIZATION ANN ARBOR, MI | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $4,000 |
| CAMBODIAN CHILDRENS FUND SANTA MONICA, CA | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $2,150 |
| NEW LIFE COMMUNITY CHURCH BURLINGAME, CA | TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALEX YANG | BOARD OF DIRECTORS | 3 | — |
| ELAINE CHEN | DIRECTOR | 1 | — |
| DIANA CHANG | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Xelay Foundation?
Xelay Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN MATEO, CA. It holds $2.5M in total assets as of 2024.
How large is Xelay Foundation?
As of 2024, Xelay Foundation holds $2.5M in total assets with $1.1M in annual revenue. It awarded 10 grants totaling $153K in 2024.
Where does Xelay Foundation operate?
Xelay Foundation has awarded grants in California, District of Columbia, Illinois, Massachusetts, Maryland, Michigan, New York, Tennessee, Texas, Washington.
What size grants does Xelay Foundation award?
In 2024, Xelay Foundation awarded 10 grants totaling $153K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Xelay Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Xelay Foundation reported a distributable amount of $195K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Xelay Foundation's EIN?
Xelay Foundation's EIN (Employer Identification Number) is 81-0846134. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Xelay 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.
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