Zhang Initiative Foundation
Zhang Initiative Foundation is a private foundation, based in Dublin, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it awarded 2 grants totaling $107K. Net investment income was $142K.
Zhang Initiative Foundation at a glance
In short: Zhang Initiative Foundation gave $107K across 2 grants in 2025 (avg $54K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $107,000
- -42.7% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $53,500
- +14.5% vs 2024
- Median grant
- $53,500
- Total assets
- $2,436,488
- +1.2% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Zhang Initiative Foundation funds
How this funder distributes its grants
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 18 grants of 28 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Zhang Initiative Foundation gives
- In 2025 it paid out 80% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $23K (2019) to $407K (2021). In 2025 it made 2 grants totaling $107K.
*2022: Covers 21 months (fiscal year-end changed).
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 grants to individuals Recipients not named | — | $107,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,436,488 | $141,858 | $113,261 | $107,000 | 2 | $113,261 | $141,858 | $141,284 |
| 2024 | $2,407,891 | $152,623 | $191,733 | $186,850 | 4 | $191,733 | $152,623 | $128,313 |
| 2023 | $2,447,001 | $131,778 | $115,874 | $105,600 | 6 | $115,874 | $131,778 | $119,120 |
| 2022* | $2,431,097 | $278,187 | $228,026 | $210,500 | 5 | $225,935 | $278,187 | $219,789 |
| 2021 | $2,380,936 | $447,107 | $413,131 | $406,874 | 11 | — | $147,107 | $117,323 |
| 2020 | $2,346,960 | $31,766 | $130,617 | $116,600 | 6 | — | $31,766 | $117,459 |
| 2019 | $2,445,811 | $505,113 | $35,686 | $22,500 | 5 | — | $505,113 | $113,685 |
*2022: Covers 21 months (fiscal year-end changed).
Under IRS private-foundation payout rules, Zhang Initiative Foundation reported a distributable amount of $141K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Zhang Initiative Foundation is led by Ming Zhang, President & CEO on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ming Zhang
President & CEO
On filings since 2019
2 hrs/week
No compensation reported
Hong Zhang
Secretary
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Zhang Initiative Foundation
How much does Zhang Initiative Foundation give each year?
Zhang Initiative Foundation gave $107K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $187K across 4 grants.
How large is Zhang Initiative Foundation?
Zhang Initiative Foundation reported $2.4M in total assets on its 2025 IRS Form 990-PF. It paid out $113K in qualifying distributions that year, against a required minimum of $141K (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.
Where does Zhang Initiative Foundation operate?
Zhang Initiative Foundation has awarded grants in California, District of Columbia, Florida, Massachusetts, North Carolina, New York.
What is Zhang Initiative Foundation's EIN?
Zhang Initiative Foundation's EIN (Employer Identification Number) is 82-1458818. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS December 7, 2019)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 23, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 16, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Zhang Initiative Foundation funds
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