Xu & Zhang Foundation

Private foundation · Grantmaker Saratoga, CA EIN: 36-4748359

Xu & Zhang Foundation is a private foundation focused on Education, based in Saratoga, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 3 grants totaling $5K. Net investment income was $4K.

Key facts about Xu & Zhang Foundation

In short: Xu & Zhang Foundation gave $5K across 3 grants in 2025 (avg $2K), mostly in California. Source: 2025 IRS Form 990-PF.

EIN
36-4748359
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$5,225
Grants made (2025)
3
Average grant
$1,742
Median grant
$1,538
Total assets
$1,622,671
Primary geography
California (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.6M

+948.1% YoY

Annual Giving

$5K

-86.6% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$2K

-86.6% YoY

Under IRS private-foundation payout rules, Xu & Zhang Foundation reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.

How Xu & Zhang Foundation gives

  • Giving fell 87% from 2022 to 2025. Method
  • In 2025 it paid out 26% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

PittsburghSaratogaSan JosePleasanton

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K2 grants2020 4 grants2021 2 grants2022 1 grant2023 3 grants2024 3 grants2025

From 2020 to 2025, annual grant giving ranged from $5K (2025) to $44K (2021). In 2025 it made 3 grants totaling $5K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Harker School: $3KHarker School$3KSaratoga Education Foundation: $2KSaratoga Education Foundation$2KSaratoga Music Booster: $1KSaratoga Music Booster$1K

The largest 2025 recipient was Harker School ($3K). Together the top 3 received $5K.

Grant Size Distribution

13 grants across all recorded years

13<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 13 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Harker School San Jose, CASupport education$2,500
Saratoga Education Foundation Saratoga, CASupport education$1,538
Saratoga Music Booster Saratoga, CASupport Saratoga music education$1,187

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,622,671$154,814$184,367
Revenue$1,491,409$4,164$9,787
Expenses$5,658$39,502$35,774
Qualifying Distributions$5,658$39,502$35,774
Net Investment Income$3,909$9,950$9,787
Distributable Amount$21,983$8,813$9,274

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS March 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS March 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 15, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 11, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 16, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 11, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Xu & Zhang Foundation is led by Wei Xu, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Wei Xu

    President

    On filings since 2020

    No compensation reported

  • Yi Zhang

    Director

    On filings since 2020

    No compensation reported

Former officers (2)
  • Former: Tianpei Zhang (2020–2023) — Director
  • Former: Wenxiang Xu (2020–2023) — Director

Data from IRS Form 990 filings, 2020–2025. "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 Xu & Zhang Foundation

How much does Xu & Zhang Foundation give each year?

Xu & Zhang Foundation gave $5K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $39K across 3 grants.

What is Xu & Zhang Foundation's typical grant size?

Xu & Zhang Foundation's median grant in 2025 was $1,538, and its average grant was $1,742, across 3 grants on its 2025 IRS Form 990-PF.

Where does Xu & Zhang Foundation give grants?

Xu & Zhang Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Saratoga, CA (2 grants).

Does Xu & Zhang Foundation give general operating support?

Not in 2025: none of the 3 grants with a stated purpose on Xu & Zhang Foundation's 2025 IRS Form 990-PF were described as general or operating support.

How large is Xu & Zhang Foundation?

Xu & Zhang Foundation reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Xu & Zhang Foundation?

Xu & Zhang Foundation is a private foundation focused on Education, based in Saratoga, CA. It holds $1.6M in total assets as of 2025.

What is Xu & Zhang Foundation's EIN?

Xu & Zhang Foundation's EIN (Employer Identification Number) is 36-4748359. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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