LIU SHIMING ART FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: LIU SHIMING ART FOUNDATION (EIN 87-2425228)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-13
IRS object ID: 202303179349305050
Schema version: 2022v5.0
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
Schedule A
Schedule B
Schedule F
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-13T11:32:04-06:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390974031	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WEGNER CPAS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2921 LANDMARK PL STE 300	AddressLine1Txt
City	MADISON	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	537134236	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	872425228	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LIU SHIMING ART FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LIUS	BusinessNameControlTxt
Phone	9176050098	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 EAST 40TH STREET FL 2	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10016	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PUIKING HUI	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	9176050098	PhoneNum
Signature	2023-11-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	PUIKING	PersonFirstNm
Person Last	HUI	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	AMANDA VANNATTA CPA	PreparerPersonNm
PTIN	P00948755	PTIN
Phone	6082744020	PhoneNum
Preparation	2023-11-10	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PUIKING HUI	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 EAST 40TH STREET FL 2	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10016	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,451,673	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.LSMARTFUND.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2021	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	TO GRANT SCHOLARSHIPS TO COLLEGE STUDENTS FOR STUDIES ON ASIAN ARTS, CULTURE, AND HISTORY.	ActivityOrMissionDesc
Voting Members Governing Body	3	VotingMembersGoverningBodyCnt
Voting Members Independent	3	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$1,451,673	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$0	PYTotalRevenueAmt
CY Total Revenue	$1,451,673	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$1,042,606	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$0	PYOtherExpensesAmt
CY Other Expenses	$241,230	CYOtherExpensesAmt
PY Total Expenses	$0	PYTotalExpensesAmt
CY Total Expenses	$1,283,836	CYTotalExpensesAmt
PY Revenues Less Expenses	$0	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$167,837	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,986	TotalAssetsBOYAmt
Total Assets EOY	$169,823	TotalAssetsEOYAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,986	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$169,823	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE LIU SHIMING ART FOUNDATION WAS FOUNDED IN 2021 TO PRESERVE THE WORKS OF ACCLAIMED CHINESE ARTIST LIU SHIMING, AS WELL AS FOR THE ADVANCEMENT OF THE GLOBAL DISCOURSE SURROUNDING THE ARTS, HISTORY AND CULTURE. THE FUND AIMS TO SUPPORT ART STUDENTS AND EMERGING ARTISTS BY ENCOURAGING THE CREATION OF ALL FORMS OF ART AND MULTICULTURAL STUDY. THE FOUNDATION GOALS ARE TO FOSTER A GREATER UNDERSTANDING AND APPRECIATION OF ASIAN ART FORMS AND TO CONTEXTUALIZE THEM WITHIN A GLOBAL PURVIEW. ENGAGING STUDENTS AND ARTISTS TO CONCEPTUALIZE THE CREATIVE PROCESS BY FOCUSING ON A MULTICULTURAL EAST AND WEST PERSPECTIVE SHOULD BE FUNDAMENTAL TO THE HUMAN EXPERIENCE.	MissionDesc
Significant New Program Srvc	Yes (1)	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,224,665	ExpenseAmt
Grant	$1,042,606	GrantAmt
Revenue	$0	RevenueAmt
Desc	ONE OF THE PRIMARY PURPOSES OF THE LIU SHIMING ART FOUNDATION IS TO PROVIDE SUPPORT AND FUNDING FOR EMERGING ARTISTS, ESPECIALLY IN THE FIELD OF SCULPTURE. THE LIU SHIMING ART FOUNDATION PROVIDES SEED DONATIONS TO SET UP A "LIU SHIMING SCHOLARS FUND" AT UNIVERSITIES AND INSTITUTIONS AROUND THE WORLD. THE RECIPIENT INSTITUTIONS REWARD SCHOLARSHIPS ON AN ANNUAL BASIS TO THOSE WITH DEMONSTRATED FINANCIAL NEED, WHO SHOW PROMISE IN THE FIELD OF ART, HISTORY, AND MULTI-CULTURAL STUDIES. IN 2022, WE COLLABORATED WITH A TOTAL OF 15 SCHOOLS WORLDWIDE, INCLUDING 8 SCHOOLS WITHIN THE COUNTRY AND 7 SCHOOLS OVERSEAS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$0	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$0	RevenueAmt
Desc	THE LIU SHIMING ART GRANT IS A CHARITABLE FUND THAT AIMS TO ENCOURAGE ARTISTS WHO ARE DEDICATED TO THE LIFETIME PURSUIT OF DEVELOPING THEIR ART AND CONTRIBUTING TO SOCIETY. OUR HIGHEST PRIORITY IS TO SUPPORT ARTISTS EARLY IN THEIR CAREERS WHO CREATE WORK OR PROJECTS THAT HAVE THE POTENTIAL TO BLOSSOM AND GROW, WHILE WE ENCOURAGE THEM TO REFLECT ON HOW HUMANITY AND MULTICULTURALISM ARE REPRESENTED IN THEIR WORK.THE LIU SHIMING ART FOUNDATION AWARDS NUMEROUS GRANTS TO YOUNG ARTISTS WHO ARE NO LONGER ENROLLED IN SCHOOL OR STUDENTS ENROLLED IN INSTITUTIONS OUTSIDE OUR PARTNER UNIVERSITIES/COLLEGES. WE LAUNCHED THIS PROJECT IN THE YEAR 2022, BUT THE DISBURSEMENT OF SUPPORT FUNDS WILL TAKE PLACE IN THE YEAR 2023.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$1,224,665	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	Yes (1)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	3	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	3	GoverningBodyVotingMembersCnt
Independent Voting Member	3	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	0	ConflictOfInterestPolicyInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	YI LIANG	PersonNm
Phone	9176050098	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 EAST 40TH STREET FL 2	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10016	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
ZHIYONG YANG
PRESIDENT	1.00	Yes (X)	Yes (X)	$0	$0	$0
SI YANG
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
YU BAI
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
ZEZONG MAO
EXECUTIVE PRESIDENT	10.00		Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$1,451,673	AllOtherContributionsAmt
Total Contributions	$1,451,673	TotalContributionsAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,451,673	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$566,606	TotalAmt
Program Services	$566,606	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$476,000	TotalAmt
Program Services	$476,000	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$21,750	TotalAmt
Management And General	$21,750	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$2,894	TotalAmt
Management And General	$2,894	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$61,345	TotalAmt
Program Services	$55,329	ProgramServicesAmt
Management And General	$6,016	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$35,502	TotalAmt
Program Services	$35,502	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$51,122	TotalAmt
Program Services	$22,635	ProgramServicesAmt
Management And General	$28,487	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,650	TotalAmt
Program Services	$1,650	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,500	TotalAmt
Program Services	$4,500	ProgramServicesAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$343	TotalAmt
Program Services	$319	ProgramServicesAmt
Management And General	$24	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,096	TotalAmt
Program Services	$1,096	ProgramServicesAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	EXHIBITION EXPENSE	Desc
Total	$61,028	TotalAmt
Program Services	$61,028	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,283,836	TotalAmt
Program Services	$1,224,665	ProgramServicesAmt
Management And General	$59,171	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,986	BOYAmt
EOY	$169,823	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,986	BOYAmt
EOY	$169,823	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,986	BOYAmt
EOY	$169,823	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,986	BOYAmt
EOY	$169,823	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,986	BOYAmt
EOY	$169,823	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$167,837	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$50,030	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,451,673	CurrentTaxYearAmt
Total	$1,501,703	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$50,030	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,451,673	CurrentTaxYearAmt
Total	$1,501,703	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$1,311,449	SubstantialContributorsTotAmt
Public Support Total170	$190,254	PublicSupportTotal170Amt
Total Support	$1,501,703	TotalSupportAmt
First5 Years170	Yes (X)	First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCH A, PART II	FormAndLineReferenceDesc
Explanation	THE 2021 COLUMN OF SCHEDULE A, PART II REPRESENTS THE INITIAL SHORT YEAR OF THE ORGANIZATION FROM AUGUST 25, 2021 TO DECEMBER 31, 2021.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
NORTH AMERICA	GRANTS TO RECIPIENTS IN REGION	$156,000
MIDDLE EAST AND NORTH AFRICA	GRANTS TO RECIPIENTS IN REGION	$290,000
EAST ASIA AND THE PACIFIC	GRANTS TO RECIPIENTS IN REGION	$30,000

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$476,000	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$476,000	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (6 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt
MIDDLE EAST AND NORTH AFRICA	PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS	$100,000	$0
MIDDLE EAST AND NORTH AFRICA	PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS	$81,000	$0
EAST ASIA AND THE PACIFIC	PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS	$30,000	$0
MIDDLE EAST AND NORTH AFRICA	PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS	$106,000	$0
NORTH AMERICA	PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS	$78,000	$0
NORTH AMERICA	PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS	$78,000	$0

Field	Value	IRS element (for citing)
Total501c3 Org	6	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt
Transfer To Foreign Corp	0	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	0	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	0	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	ONE OF THE PRIMARY PURPOSES OF THE LIU SHIMING ART FOUNDATION IS TO PROVIDE SUPPORT AND FUNDING FOR EMERGING ARTISTS, ESPECIALLY IN THE FIELD OF SCULPTURE. THE LIU SHIMING ART FOUNDATION PROVIDES SEED DONATIONS TO SET UP A LIU SHIMING SCHOLARS FUND AT UNIVERSITIES AND INSTITUTIONS AROUND THE WORLD. THE RECIPIENT INSTITUTIONS REWARD SCHOLARSHIPS ON AN ANNUAL BASIS TO THOSE WITH DEMONSTRATED FINANCIAL NEED, WHO SHOW PROMISE IN THE FIELD OF ART, HISTORY, AND MULTI-CULTURAL STUDIES. LIU SHIMING ART FOUNDATION SEEKS TO IDENTIFY COLLEGES AND UNIVERSITIES WITH A PREFERENCE FOR THOSE COLLEGES AND UNIVERSITIES WITH AN ART SCHOOL, SCULPTURE MAJOR OR CULTURAL STUDY DEPARTMENT FOR FUNDING OF THESE SCHOLARS FUNDS. ONCE FUNDS ARE GRANTED THE COLLEGE/UNIVERSITY WILL BE RESPONSIBLE FOR CHOOSING RECIPIENTS OF FUNDS AND THE FOUNDATION WILL REQUEST AND RETAIN FUND RECIPIENTS INFORMATION.
PART I, LINE 3:	EXPENSES ARE REPORTED ON CASH BASIS.
PART III ACCOUNTING METHOD:

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
GEORGIA STATE UNIVERSITY FOUNDATION INC
PO BOX 2668	ATLANTA	GA	303012668	586033185	501(C)(3)	$55,000	$0	SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES
MARYLAND INSTITUTE COLLEGE OF ART
1300 MOUNT ROYAL AVE	BALTIMORE	MD	21217	520591661	501(C)(3)	$66,000	$0	SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES
THE UCLA FOUNDATION
201 GSEIS BLDG	LOS ANGELES	CA	90095	952250801	501(C)(3)	$150,000	$0	SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES
THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
615 WEST 131ST ST MC 8741	NEW YORK	NY	10027	135598093	501(C)(3)	$6,000	$0	SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES
ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
PO BOX 2260	TEMPE	AZ	852802260	866051042	501(C)(3)	$82,106	$0	SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES
RUTGERS UNIVERSITY FOUNDATION
335 GEORGE STREET	NEW BRUNSWICK	NJ	08901	237318742	501(C)(3)	$156,000	$0	SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES
UNIVERSITY OF GEORGIA FOUNDATION
1 PRESS PLACE SUITE 101	ATHENS	GA	30602	586033837	501(C)(3)	$51,500	$0	SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES

Field	Value	IRS element (for citing)
Total501c3 Org	7	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	ONE OF THE PRIMARY PURPOSES OF THE LIU SHIMING ART FOUNDATION IS TO PROVIDE SUPPORT AND FUNDING FOR EMERGING ARTISTS, ESPECIALLY IN THE FIELD OF SCULPTURE. THE LIU SHIMING ART FOUNDATION PROVIDES SEED DONATIONS TO SET UP A LIU SHIMING SCHOLARS FUND AT UNIVERSITIES AND INSTITUTIONS AROUND THE WORLD. THE RECIPIENT INSTITUTIONS REWARD SCHOLARSHIPS ON AN ANNUAL BASIS TO THOSE WITH DEMONSTRATED FINANCIAL NEED, WHO SHOW PROMISE IN THE FIELD OF ART, HISTORY, AND MULTI-CULTURAL STUDIES. LIU SHIMING ART FOUNDATION SEEKS TO IDENTIFY COLLEGES AND UNIVERSITIES WITH A PREFERENCE FOR THOSE COLLEGES AND UNIVERSITIES WITH AN ART SCHOOL, SCULPTURE MAJOR OR CULTURAL STUDY DEPARTMENT FOR FUNDING OF THESE SCHOLARS FUNDS. ONCE FUNDS ARE GRANTED THE COLLEGE/UNIVERSITY WILL BE RESPONSIBLE FOR CHOOSING RECIPIENTS OF FUNDS AND THE FOUNDATION WILL REQUEST AND RETAIN FUND RECIPIENTS INFORMATION.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III, LINE 2	DURING 2022 THE ORGANIZATION LAUNCHED ITS GRANTS PROGRAM WHICH IS DESCRIBED IN FORM 990, PART III, LINE 4B.
FORM 990, PART VI, SECTION B, LINE 11B	THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.