DANIEL HAIMING & CAI LI CHANG FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: DANIEL HAIMING & CAI LI CHANG FAMILY FOUNDATION (EIN 81-1567287)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-08-30
IRS object ID: 202402439349100700
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Depreciation Schedule
Investments Corp Stock Schedule
Land Etc Schedule2
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Other Professional Fees Schedule
Reasonable Cause Explanation
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-08-30T06:46:10-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3333 New Hyde Park Rd Ste 406	AddressLine1Txt
City	New Hyde Park	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11042	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	811567287	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DHC & CLC Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% Foundation Source	InCareOfNm
Business Name Control	DANI	BusinessNameControlTxt
Phone	8008391754	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	cai li chang	PersonNm
Person Title	secretary	PersonTitleTxt
Phone	8008391754	PhoneNum
Signature	2024-08-22	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jeffrey D Haskell	PreparerPersonNm
PTIN	P01345770	PTIN
Phone	8008391754	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$77,159,344	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$398,453	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$614	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$614	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$906,668	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$906,668	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$1,284,504	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$768,623	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$14,500	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$35,731	TotalRevAndExpnssAmt
Total Net Invst Incm	$907,282	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss	$9,000	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$9,000	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$294,628	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$294,628	OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss	$726,639	InterestRevAndExpnssAmt
Interest Net Invst Incm	$15,675	InterestNetInvstIncmAmt
Taxes Rev And Expnss	$188,749	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$20,378	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$149,131	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$158,830	DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss	$38,243	OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl	$38,243	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$587	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl	$587	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$299,234	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$1,951	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$297,283	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,715,910	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$332,632	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$494,244	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$212,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$212,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,927,910	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$332,632	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$706,244	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$1,892,179	ExcessRevenueOverExpensesAmt
Net Investment Income	$574,650	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$70,874	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$189,735	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$189,735	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$59,209,744	CorporateStockBOYAmt
Corporate Stock EOY	$57,611,187	CorporateStockEOYAmt
Corporate Stock EOYFMV	$64,603,026	CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$12,336,290	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$244,128	LandBldgEquipAccumDeprecAmt
Land BOY	$12,240,626	LandBOYAmt
Land EOY	$12,092,162	LandEOYAmt
Land EOYFMV	$12,334,933	LandEOYFMVAmt
Other Assets BOY	$1,650	OtherAssetsBOYAmt
Other Assets EOY	$31,650	OtherAssetsEOYAmt
Other Assets EOYFMV	$31,650	OtherAssetsEOYFMVAmt
Total Assets BOY	$71,522,894	TotalAssetsBOYAmt
Total Assets EOY	$69,924,734	TotalAssetsEOYAmt
Total Assets EOYFMV	$77,159,344	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$12,413,499	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$12,707,518	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$12,413,499	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$12,707,518	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$59,109,395	RetainedEarningBOYAmt
Retained Earning EOY	$57,217,216	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$59,109,395	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$57,217,216	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$71,522,894	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$69,924,734	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$59,109,395	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$1,892,179	ExcessRevenueOverExpensesAmt
Subtotal	$57,217,216	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$57,217,216	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	Publicly-traded Securities	PropertyDesc
Gross Sales Price	$768,623	GrossSalesPriceAmt
Cost Or Other Basis	$926,166	CostOrOtherBasisAmt
Gain Or Loss	-$157,543	GainOrLossAmt
Gains Minus Excess Or Losses	-$157,543	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$157,543	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$7,988	InvestmentIncomeExciseTaxAmt
Subtotal	$7,988	SubtotalAmt
Tax Based On Investment Income	$7,988	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$1,200	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$7,600	ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits	$8,800	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$812	OverpaymentAmt
Applied To ES Tax	$812	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Org Report Or Register State	DE	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8008391754	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
Cai Li Chang
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir, Sec, Treas	35.0	$0	$0	$0
Daniel Hai-ming Chang
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir, Pres	15.0	$0	$0	$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
Fidelity
245 SUMMER STREET	BOSTON	CA	02210	INVESTMENT MGMT	$222,466
Charles Schwab & Co
3000 SCHWAB WAY	WESTLAKE	TX	76262	Investment Mgmt	$72,162
FOUNDATION SOURCE
55 WALLS DRIVE 3RD FL	FAIRFIELD	CT	06824	Administrative	$75,400

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	EDUCATIONAL LECTURE SERIES - PROVIDE EDUCATIONAL RESOURCES AND LEARNING OPPORTUNITIES THAT ARE NOT COMMONLY AVAILABLE IN CHINESE TO LOCAL CHINESE (MANDARIN)-SPEAKING COMMUNITY	Description1Txt
Expenses1	$1,905	Expenses1Amt

Field	Value	IRS element (for citing)
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$57,997,424	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$111,236	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$58,108,660	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$12,693,889	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$45,414,771	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$681,222	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$44,733,549	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,236,677	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$2,236,677	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$7,988	TaxBasedOnInvestmentIncomeAmt
Total Tax	$7,988	TotalTaxAmt
Distributable Before Adj	$2,228,689	DistributableBeforeAdjAmt
Distributable Before Ded	$2,228,689	DistributableBeforeDedAmt
Distributable As Adjusted	$2,228,689	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$706,244	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$40,366	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$746,610	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$2,228,689	DistributableAsAdjustedAmt
Prior Year1	2021	PriorYear1Yr
Prior Year2	2020	PriorYear2Yr
Prior Year3	2019	PriorYear3Yr
Excess Distribution Cyov Yr1	$10,015,508	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$10,015,508	TotalExcessDistributionCyovAmt
Qualifying Distributions	$746,610	QualifyingDistributionsAmt
Applied To Current Year	$746,610	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$1,482,079	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$1,482,079	ExcessDistributionCyovAppCYAmt
Total Corpus	$8,533,429	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$8,533,429	ExcessDistriCyovToNextYrAmt
Excess From Year1	$8,533,429	ExcessFromYear1Amt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	Cai Li Chang	ContributingManagerNm
Contributing Manager	Daniel Hai-ming Chang	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CAMPANILE FOUNDATION
5500 CAMPANILE DR 168	SAN DIEGO	CA	92182	N/A	PC	provide support for the Electric Drive Transportation Center in the Electrical and Computer Engineering department	$200,000
CHINESE WRITERS ASSOCIATION OF AMERICA
10785 BIRCH BLUFF AVE	SAN DIEGO	CA	92131	N/A	PC	for the publication of the anthology of the Writers Association	$1,000
FRIENDS OF COAST WALK TRAIL
1515 COAST WALK	LA JOLLA	CA	92037	N/A	PC	General & Unrestricted	$2,500
FRIENDS OF WE CHINESE IN AMERICA
4151 CLAIREMONT MESA BLVD	SAN DIEGO	CA	92117	N/A	PC	General & Unrestricted	$3,500
U C SAN DIEGO FOUNDATION
9500 GILMAN DR MC 0940	LA JOLLA	CA	92093	N/A	PC	Global Policy and Strategy 21st Century China Center	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$212,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$614	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$906,668	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Income		OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$1,284,504	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Federal Tax Refund	Desc
Exclusion	01	ExclusionCd
Exclusion	$14,500	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	-$362,722	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	-$362,722	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Chang Family Irrevocable Trust	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Rd Suite 123	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	18909	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$398,453	TotalContributionsAmt
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Noncash Property	NVIDIA CORP NVDA, 816 sh.	NoncashPropertyDesc
Fair Market Value	$398,453	FairMarketValueAmt
Received	2023-12-22	ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	BOOKKEEPING SERVICES	CategoryTxt
Amt	$9,000	Amt
Disbursements Charitable Prps	$9,000	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt
BUILDING	2022-06-23	$4,330,514	$85,298	SL	27	$157,473
LAND	2022-06-23	$7,995,410		L
FURNITURE - SOFA	2023-02-01	$10,366		SL	7	$1,357

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (142 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
ABB LTD	$463,941	$571,470
ABBOTT LABS	$692,227	$688,488
ABBVIE INC	$486,136	$601,594
ADOBE SYSTEMS, INC	$331,620	$375,858
ADVANCED MICRO DEVICES INC	$515,405	$515,935
AIR PRODS & CHEM INC	$353,107	$376,475
ALBEMARLE CP	$641,967	$411,768
ALPHABET INC CL A	$1,562,186	$1,556,146
AMAZON COM	$1,550,866	$1,464,701
AMGEN INC	$247,615	$339,864
AMPHENOL CORPORATION	$339,493	$455,998
ANALOG DEVICES INC	$550,403	$714,816
ANSYS INC	$62,062	$90,720
APPLE INC	$1,648,146	$2,165,962
APPLIED MATERIALS INC	$1,386,321	$1,928,632
BANK OF AMERICA CORP	$728,750	$604,377
BAYER A G SPONSORED ADR	$15,965	$9,230
BIOGEN INC	$167,365	$181,139
BLACKROCK INC	$515,540	$511,434
BOEING CO	$180,104	$205,921
BRISTOL-MYERS SQUIBB CO	$115,464	$102,620
BROADCOM INC	$1,055,600	$2,152,129
BUNGE GLOBAL SA	$109,386	$121,140
CANADIAN PACIFIC RAILWAY LTD	$914,778	$786,568
CAPITAL ONE FINANCIAL CORP	$411,563	$385,493
CARRIER GLOBAL	$219,807	$246,690
CATERPILLAR INC	$371,056	$576,557
CENTENE CORP	$320,389	$304,261
CF INDUSTRIES HOLDINGS, INC	$530,923	$616,920
CHECK POINT SOFTWARE TECHNOLOG	$208,716	$275,022
CHENIERE ENERGY INC	$327,806	$559,075
CHEVRON CORP	$390,835	$492,228
CHUBB LIMITED	$444,930	$524,320
CIGNA CORPORATION	$104,943	$122,176
CISCO SYSTEMS INC	$589,211	$522,377
CITIGROUP INC	$187,426	$158,178
COMERICA INC	$265,456	$181,383
CONOCOPHILLIPS	$707,882	$1,146,771
CORTEVA INC	$120,076	$125,359
COSTCO WHOLESALE CORPORATION	$664,031	$1,003,321
CSX CORP	$594,948	$613,659
CVS CAREMARK CORP	$538,213	$430,332
D R HORTON	$160,820	$250,767
DEERE CO	$805,311	$1,019,668
DELL TECHNOLOGIES INC CLASS C	$253,052	$386,937
DEXCOM, INC	$153,395	$151,390
DIAGEO PLC ADS	$265,813	$202,467
DOLLAR GENERAL CORP	$173,251	$108,760
DOW INC	$45,760	$48,424
EAST WEST BANCORP, INC	$470,792	$460,480
ELI LILLY & CO	$388,946	$932,671
EOG RESOURCES INC	$223,070	$314,470
EXPEDITORS INTL WASH INC	$295,573	$345,984
EXXON MOBIL CORP	$58,750	$79,984
FEDEX CORPORATION	$176,742	$177,079
FORTREA HOLDINGS INC	$105,240	$82,015
FREEPORT-MCMORAN COPPER & GOLD	$760,644	$859,062
GEN DYNAMICS CP	$116,304	$145,415
GLOBE LIFE INC	$79,969	$91,290
GOLDMAN SACHS GROUP	$734,365	$775,398
HALLIBURTON COMPANY	$14,663	$21,690
HOME DEPOT INC	$591,450	$557,946
HONEYWELL INTL	$310,646	$350,216
HSBC HOLDINGS PLC	$53,152	$44,594
IAC INTERACTIVE CORP	$121,463	$69,665
ILLINOIS TOOL WORKS	$388,160	$453,156
INGERSOLL-RAND INC	$10,558	$13,612
INTEL CORP	$452,653	$473,606
INTERCONTINENTAL EXCHANGE, INC	$455,737	$436,662
INTERNATIONAL BUSINESS MACHINE	$64,490	$81,775
INTERNATIONAL PAPER CO	$76,815	$62,178
INTUIT	$1,199,165	$1,246,934
JD.COM, INC	$365,516	$138,672
JOHNSON & JOHNSON	$160,617	$152,822
JP MORGAN CHASE	$568,091	$650,633
KROGER CO	$132,270	$137,130
L3HARRIS TECHNOLOGIES	$130,100	$150,593
LABORATORY CORP AMER HLDGS	$596,819	$534,132
LAM RESEARCH CORP	$35,723	$62,661
LINDE PLC COM	$355,919	$470,263
LOCKHEED MARTIN CORP	$27,285	$45,324
LOWES COMPANIES INC	$868,885	$785,602
LVMH MOET HENN UNSP	$495,512	$592,943
MAGNA INTERNATIONAL INC	$315,128	$242,228
MARATHON OIL CORP COM	$70,118	$108,720
MARATHON PETROLEUM CORP	$30,355	$74,180
MARTIN MARIETTA MATLS INC	$383,876	$506,394
MARVELL TECHNOLOGY, INC	$40,370	$60,310
MASTERCARD INC	$347,961	$440,158
MATCH GROUP INC	$342,796	$104,719
MEDTRONIC PLC	$329,606	$271,854
MERCADOLIBRE, INC	$322,565	$502,893
META PLATFORMS INC	$514,337	$530,940
MICROSOFT CORP	$2,172,056	$2,553,311
MONDELEZ INTERNATIONAL INC	$48,503	$54,323
MONSTER BEVERAGE CORP	$88,405	$115,220
MORGAN STANLEY	$573,099	$612,653
NASDAQ OMX GROUP	$512,003	$584,307
NICE SYSTEMS LTD	$514,175	$394,032
NIDEC CORPORATION ADR	$116,620	$40,344
NORFOLK SOUTHERN CORP	$552,509	$534,219
NVIDIA CORP	$2,425,868	$4,336,145
O'REILLY AUTOMOTIVE INC	$69,474	$95,008
OCCIDENTAL PETROLEUM CORP	$6,791	$8,718
OCCIDENTAL PETROLEUM CORP WARR	$89	$701
ORACLE CORP	$715,559	$851,874
OWENS CORNING	$200,755	$340,929
PARKER HANNIFIN CP	$406,079	$612,731
PAYPAL HOLDINGS, INC	$922,461	$328,544
PROCTER GAMBLE CO	$222,579	$205,156
PULTE GROUP INC	$46,555	$103,220
QORVO INC	$425,901	$310,804
QUALCOMM INC	$796,806	$719,390
QUANTA SVCS INC	$129,948	$237,380
QUEST DIAGNOSTICS	$78,443	$65,493
RAYTHEON TECHNOLOGIES CORP	$622,891	$639,289
REGENERON PHARMACEUTICALS INC	$137,831	$197,615
RESMED INC	$761,692	$563,366
ROCHE HOLDING LTD ADR	$445,793	$313,933
ROCKWELL AUTOMATION INC	$368,212	$333,766
SALESFORCE.COM	$563,166	$671,007
SAP AKTIENGESELL ADS	$374,294	$420,485
SIEMENS AG	$308,351	$346,098
SK TELECOM ADS ADS	$85,525	$38,991
SKYWORKS SOLUTIONS, INC	$396,563	$286,671
STARBUCKS CORP COM	$477,250	$415,243
STRYKER CORPORATION	$433,540	$552,504
TAIWAN SEMICONDUCTOR MFG CO LT	$912,635	$924,039
TARGET CORPORATION	$74,795	$56,968
THERMO FISHER SCIENTIFIC INC	$638,134	$654,995
UFP INDUSTRIES	$39,905	$62,775
UNILEVER PLC AMER	$71,044	$65,448
UNION PACIFIC	$550,770	$591,944
V F CORP	$138,034	$34,404
VALERO ENERGY CORP	$443,482	$726,050
VEEVA SYSTEMS INC	$51,015	$57,756
VISA INC	$470,760	$611,823
WALT DISNEY HOLDINGS CO	$424,432	$249,652
WELLS FARGO & CO	$138,714	$147,660
WHIRLPOOL CORP	$132,969	$73,671
WYNDHAM HOTELS & RESORTS INC C	$271,478	$261,333
ZIMMER BIOMET HOLDINGS	$179,978	$176,465

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (3 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
BUILDING	$4,330,514	$242,771	$4,087,743	$4,330,514
LAND	$7,995,410		$7,995,410	$7,995,410
FURNITURE - SOFA	$10,366	$1,357	$9,009	$9,009

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

DescDesc	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
A QUIET EVENING- OIL PAINTING	$10,000	$10,000
SPRING LIGHT-OIL PAINTING	$20,000	$20,000
STATUE - ANGEL MARBLE STATUE	$771	$771
STATUE - GARDEN MARBLE STATUE	$879	$879

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
Administrative Fees	$75,400	$75,400
Bank Charges	$1,951		$1,951
Computers/Electronic Devices	$2,833	$2,833
Digital Subscriptions	$193	$193
Equipment Maintenance	$910	$910
EQUIPMENT/FURNITURE	$12,670	$12,670
Office & Supplies	$16,644	$16,644
Postage/Delivery Service	$23	$23
Property insurance	$92,040	$92,040
Property Maintenance	$96,180	$96,180
State or Local Filing Fees	$390	$390

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Federal Tax Refund	Desc
Revenue And Expenses Per Books	$14,500	RevenueAndExpensesPerBooksAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	LINE OF CREDIT	Desc
BOY Book Value	$12,413,499	BOYBookValueAmt
EOY Book Value	$12,707,518	EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	Investment Management Services	CategoryTxt
Amt	$294,628	Amt
Net Investment Income	$294,628	NetInvestmentIncomeAmt

Reasonable Cause Explanation ReasonableCauseExplanation

Field	Value	IRS element (for citing)
Explanation	We respectfully request that the Foundation's quarterly estimated tax payments be treated as timely and request that no underpayment penalties be assessed because the payment delay was due to reasonable cause. Treasury Regulations SEC. 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to submit a payment in a timely fashion for Form 990-PF. The Foundation's 2023 990-PF quarterly estimates were underpaid due to administrative error. It was discovered during the preparation of the 2023 990-PF that information relevant to the tax calculation was misclassified which caused the underpayment. Form 990-PF Part V, Line 8 reports no underpayment penalty of estimated tax since this was through no fault of the Foundation. The administrator is in the process of updating its policies and procedures to ensure that this will not occur in the future. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's and its administrator's actions were reasonable and in good faith. The underpayment of quarterly estimates was not in any way due to an intentional disregard of IRS rules but rather a clerical error. Therefore, we believe the Foundation is entitled to abatement of any penalty.	ExplanationTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (5 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
990-PF Estimated Tax for 2023	$1,200
990-PF Excise Tax for 2022	$3,540
990-T Extension for 2022	$14,500
Foreign Tax Paid	$20,378	$20,378
Property Taxes	$149,131		$149,131