GE LI & NING ZHAO FAMILY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GE LI & NING ZHAO FAMILY FOUNDATION (EIN 35-2684719)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-31
- IRS object ID
- 202413059349100021
- 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
- Compensation Explanation
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-31T09:17:47-05:00 | 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 | 352684719 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ge Li & Ning Zhao Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | GELI | 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 | ge li | PersonNm |
| Person Title | treasurer | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-10-23 | 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 | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $268,087,758 | 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 | $17,608,460 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $125,315 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $125,315 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $21,324,055 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $21,324,055 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$23,288,938 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $840,061,135 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $31,679,544 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $71,256 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $71,180 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $15,840,148 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $53,200,094 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $424 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $424 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,645 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,645 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,506,708 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,243,068 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $263,640 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $750,200 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $30,462 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $30,462 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $125,238 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $8,925 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $116,313 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,414,677 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,253,638 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $410,839 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,191,745 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,191,745 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $12,606,422 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,253,638 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $10,602,584 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,233,726 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $51,946,456 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $11,337,944 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $20,506,507 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $20,506,507 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $14,663,050 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $9,637,141 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $9,753,809 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $138,302,485 | CorporateStockBOYAmt |
| Corporate Stock EOY | $41,221,815 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $26,133,354 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $104,964,862 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $200,964,862 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $201,733,650 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $10,486,706 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $10,269,519 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,960,438 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $279,755,047 | TotalAssetsBOYAmt |
| Total Assets EOY | $282,599,844 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $268,087,758 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $388,929 | OtherLiabilitiesBOYAmt |
| Total Liabilities BOY | $388,929 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $279,366,118 | RetainedEarningBOYAmt |
| Retained Earning EOY | $282,599,844 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $279,366,118 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $282,599,844 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $279,755,047 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $282,599,844 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $279,366,118 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,233,726 | ExcessRevenueOverExpensesAmt |
| Subtotal | $282,599,844 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $282,599,844 | 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 | $840,061,135 | GrossSalesPriceAmt |
| Cost Or Other Basis | $808,381,591 | CostOrOtherBasisAmt |
| Gain Or Loss | $31,679,544 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $31,679,544 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $31,679,544 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $722,056 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $722,056 | SubtotalAmt |
| Tax Based On Investment Income | $722,056 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $699,138 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $39,700 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $738,838 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $16,782 | OverpaymentAmt |
| Applied To ES Tax | $16,782 | 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 | 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 |
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 | 55 WALLS DRIVE FL 3 | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | 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 | Yes (true) | 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| Dr Ge Li | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas, Pres, Sec | 12.0 | $0 | $0 | $0 |
| Michael Le-Cheng Li | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas | 8.0 | $0 | $0 | $0 |
| DR Ning Zhao | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres, Sec | 4.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| EnBoon Capital Management Corporation | |||||
| 251 Little Falls Dr | WILMINGTON | DE | 19808 | ADMIN & Inv MGMT | $1,500,000 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $116,131 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $226,298,139 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,393,561 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $9,960,438 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $243,652,138 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $243,652,138 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,654,782 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $239,997,356 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,999,868 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,999,868 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $722,056 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $722,056 | TotalTaxAmt |
| Distributable Before Adj | $11,277,812 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $11,277,812 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $11,277,812 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $10,602,584 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $10,602,584 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,277,812 | DistributableAsAdjustedAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Excess Distribution Cyov Yr3 | $1,047,708 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,278,440 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,962,395 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,288,543 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $10,602,584 | QualifyingDistributionsAmt |
| Applied To Current Year | $10,602,584 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $675,228 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $675,228 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,613,315 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $3,613,315 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $372,480 | ExcessFromYear3Amt |
| Excess From Year2 | $1,278,440 | ExcessFromYear2Amt |
| Excess From Year1 | $1,962,395 | ExcessFromYear1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DR GE LI | ContributingManagerNm |
| Contributing Manager | DR NING ZHAO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COMMITTEE OF 100 INC | |||||||||||
| PO BOX 3504 | NEW YORK | NY | 10008 | N/A | PC | General & Unrestricted | $15,000 | ||||
| LIFE SCIENCE CARES INC | |||||||||||
| PO BOX 425486 | CAMBRIDGE | MA | 02142 | N/A | PC | General & Unrestricted | $15,000 | ||||
| MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ | |||||||||||
| PO BOX 27106 | NEW YORK | NY | 10087 | N/A | PC | The MSK Presidential Vision Fund | $100,000 | ||||
| MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ | |||||||||||
| PO BOX 27106 | NEW YORK | NY | 10087 | N/A | PC | General & Unrestricted | $4,000,000 | ||||
| PEDDIE SCHOOL | |||||||||||
| 201 S MAIN ST | HIGHTSTOWN | NJ | 08520 | N/A | PC | General & Unrestricted | $1,100,000 | ||||
| SCRIPPS RESEARCH INSTITUTE | |||||||||||
| 10550 N TORREY PINES RD | LA JOLLA | CA | 92037 | N/A | PC | General & Unrestricted | $50,000 | ||||
| THE CHINESE UNIVERSITY OF HONG KONG | |||||||||||
| N/A | PC | establishment of an Endowed Professorship in Medicine | $1,911,745 | RM G01 G/F JOHN FULTON CENTRE | SHATIN | NEW TERRITORIES | HK | ||||
| TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW | |||||||||||
| 622 W 113TH ST MC4524 | NEW YORK | NY | 10025 | N/A | PC | General & Unrestricted | $1,000,000 | ||||
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | |||||||||||
| PO BOX 71332 | PHILADELPHIA | PA | 19176 | N/A | PC | General & Unrestricted | $2,000,000 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,191,745 | 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 | $125,315 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $21,324,055 | 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 | -$23,288,938 | 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 (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| K-1 Inc/Loss | 14 | $71,180 |
| Federal Tax Refund | 01 | $76 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$1,768,312 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$1,768,312 | 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 | DR Ge Li | ContributorPersonNm |
Contributor Foreign Address ContributorForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | House 185 No 1883 Nong Hua Mu Rd | AddressLine1Txt |
| City | SHANGHAI | CityNm |
| Country | CH | CountryCd |
| Foreign Postal | 201204 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $17,608,460 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | AMAZON COM AMZN, 69000 sh. | $10,221,660 | 2023-12-13 |
| 1 | MICROSOFT CORP MSFT, 20000 sh. | $7,386,800 | 2023-12-15 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Amt | $1,645 | Amt |
| Net Investment Income | $1,645 | NetInvestmentIncomeAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| Short ExplanationShortExplanationTxt |
|---|
| Dr Ge Li |
| *DR. GE LI, DIRECTOR/TREASURER/PRESIDENT/SECRETARY OF GE LI & NING ZHAO FAMILY FOUNDATION (THE "FOUNDATION"), IS AN OWNER AT THE CONSULTING FIRM OF ENBOON CAPITAL MANAGEMENT CORPORATION, A DISQUALIFIED PERSON WHICH PROVIDES ADMINISTRATIVE AND INVESTMENT MANAGEMENT SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2023, THE FOUNDATION PAID $260,000 FOR ADMINISTRATIVE SERVICES AND $1,240,000 FOR INVESTMENT MANAGEMENT SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C. SUCH CONSULTING FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. |
| DR Ning Zhao |
| *DR. NING ZHAO, DIRECTOR/PRESIDENT/SECRETARY OF GE LI & NING ZHAO FAMILY FOUNDATION (THE "FOUNDATION"), IS AN OWNER AT THE CONSULTING FIRM OF ENBOON CAPITAL MANAGEMENT CORPORATION, A DISQUALIFIED PERSON WHICH PROVIDES ADMINISTRATIVE AND INVESTMENT MANAGEMENT SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2023, THE FOUNDATION PAID $260,000 FOR ADMINISTRATIVE SERVICES AND $1,240,000 FOR INVESTMENT MANAGEMENT SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C. SUCH CONSULTING FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (19 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BANK NOVA SCOTIA BC SER A AUTO | $10,000,000 | $10,149,000 |
| BCS 10.44% GEARED BUFFERED | $10,000,000 | $10,157,000 |
| BCS 17.98% GEARED BUFFERED | $10,000,000 | $9,963,000 |
| BCS 20.66% GEARED BUFFERED | $15,000,000 | $15,072,000 |
| BK OF AMERICA CORP BOND PERPET | $14,964,862 | $14,963,850 |
| BNS 11.42% GEARED BUFFERED | $10,000,000 | $10,101,000 |
| BOA 10.51 % GEARED BUFFERED | $10,000,000 | $10,000,000 |
| BOA 10.95% GEARED BUFFERED AUT | $10,000,000 | $10,164,000 |
| CITI 11.35% GEARED BUFFERED | $11,000,000 | $10,942,800 |
| CITI 14.1 % GEARED BUFFERED | $10,000,000 | $9,984,000 |
| CITI 15.1 % GEARED BUFFERED | $10,000,000 | $9,996,000 |
| CITI 20.15% GEARED BUFFERED | $10,000,000 | $10,001,000 |
| CITI L L.55% GEARED BUFFERED | $10,000,000 | $10,000,000 |
| GS 14.12% GEARED BUFFERED | $10,000,000 | $10,093,000 |
| GS 14.8% GEARED BUFFERED | $10,000,000 | $10,000,000 |
| JPM 13.39% GEARED BUFFERED | $10,000,000 | $10,000,000 |
| RBC 17% GEARED BUFFERED | $10,000,000 | $10,119,000 |
| UBS 14.55% GEARED BUFFERED | $10,000,000 | $10,026,000 |
| UBS 15.35% GEARED BUFFERED | $10,000,000 | $10,002,000 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AMAZON COM | $10,221,660 | $10,483,860 |
| LYELL IMMUNOPHARMA, | $18,224,051 | $4,573,678 |
| MICROSOFT CORP | $7,386,800 | $7,520,800 |
| PFIZER INC | $521,304 | $575,800 |
| PIMCO DYNAMIC INCOME OPPORTUNI | $4,868,000 | $2,979,216 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $9,637,141 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $9,753,809 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CICFH HEALTHCARE INVESTMENT FU | $5,000,000 | $4,991,954 |
| GREENBACKER RENEWABLE ENERGY | $4,226,999 | $4,602,443 |
| SPECIAL OPPORTUNITY FUND VII, | $1,042,520 | $366,041 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $424 | LegalFeesAmt |
| Disbursements Charitable Prps | $424 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $116,131 | $116,131 | |
| K-1 Exp GREENBACKER RENEWABLE | $8,925 | $8,925 | |
| Registered Agent Fee | $157 | $157 | |
| State or Local Filing Fees | $25 | $25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 Inc/Loss GREENBACKER RENEWABLE ENERGY | $71,180 | $71,180 |
| Federal Tax Refund | $76 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OUTSTANDING OPTIONS | Desc |
| BOY Book Value | $388,929 | BOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $1,243,068 | $1,243,068 | |
| Philanthropic Consulting Srvcs | $1,750 | $1,750 | |
| ADMINISTRATIVE OF FOUNDATION | $260,000 | $260,000 | |
| DESIGN FEE | $1,890 | $1,890 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2023 | $688,500 |
| 990-PF Extension for 2022 | $61,700 |