Zhang Initiative Foundation
Zhang Initiative Foundation is a private foundation, based in Dublin, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 4 grants totaling $187K. Net investment income was $153K.
Zhang Initiative Foundation at a glance
In short: Zhang Initiative Foundation gave $187K across 4 grants in 2024 (avg $47K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $186,850
- +76.9% vs 2023
- Grants made (2024)
- 4
- -33.3% vs 2023
- Average grant
- $46,713
- +165.4% vs 2023
- Median grant
- $42,675
- Total assets
- $2,407,891
- -1.6% vs 2023
- Primary geography
- California (54% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Zhang Initiative Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was The Harker School ($100K). Together the top 4 received $187K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 21 grants of 30 (70%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Zhang Initiative Foundation gives
- Giving fell 54% from 2021 to 2024. Method
- In 2024 it paid out 149% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $106K (2022) to $407K (2021). In 2024 it made 4 grants totaling $187K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Harker School San Jose, CA | Charity | $100,000 |
| Schwab Charitable Fund Orlando, FL | Charity | $80,000 |
| Ase Foundation Durham, NC | Charity | $5,350 |
| Zheda Alumni Foundation San Jose, CA | Charity | $1,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 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 | $2,372,227 | $104,877 | $113,586 | $105,500 | 3 | $111,495 | $104,877 | $130,466 |
| 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 |
Under IRS private-foundation payout rules, Zhang Initiative Foundation reported a distributable amount of $128K for 2024 — 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 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ming Zhang
President & CEO
On filings since 2020
2 hrs/week
No compensation reported
Hong Zhang
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 $187K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $106K across 6 grants.
What is Zhang Initiative Foundation's typical grant size?
Zhang Initiative Foundation's median grant in 2024 was $42,675, and its average grant was $46,713, across 4 grants on its 2024 IRS Form 990-PF.
Where does Zhang Initiative Foundation give grants?
Zhang Initiative Foundation gives mostly in California: 54% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (43%). The most frequent recipient cities were San Jose, CA (2 grants).
Does Zhang Initiative Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Zhang Initiative Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (4 grants).
How large is Zhang Initiative Foundation?
Zhang Initiative Foundation reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $192K in qualifying distributions that year, against a required minimum of $128K (roughly 5% of its investment assets).
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 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Zhang Initiative Foundation funds
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