GE LI & NING ZHAO FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- GE LI & NING ZHAO FAMILY FOUNDATION (EIN 35-2684719)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-10
- IRS object ID
- 202313149349102301
- 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-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 | 2023-11-10T12:05:53-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | 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 | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2023-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Ge | PersonFirstNm |
| Person Last | Li | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $232,354,250 | 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 | $21,319,172 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $28,922 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $28,922 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $6,989,422 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,989,422 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$68,016,103 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $281,274,899 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $23,785,825 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $5,607,329 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $5,607,329 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | -$34,071,258 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $36,411,498 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $17,331 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $17,331 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,670 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,670 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,490,554 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,222,083 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $268,471 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $501,400 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $121,966 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $8,401 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $113,565 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,132,921 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,232,154 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $399,367 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $12,708,632 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $12,708,632 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $14,841,553 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,232,154 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $13,107,999 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$48,912,811 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $35,179,344 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $67,456,262 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $11,337,944 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $11,337,944 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations EOY | $14,663,050 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $14,610,246 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $190,038,637 | CorporateStockBOYAmt |
| Corporate Stock EOY | $138,302,485 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $97,516,141 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $60,000,000 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $104,964,862 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $98,603,000 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $10,784,030 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $10,486,706 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $10,286,919 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $328,278,929 | TotalAssetsBOYAmt |
| Total Assets EOY | $279,755,047 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $232,354,250 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $388,929 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $388,929 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $328,278,929 | RetainedEarningBOYAmt |
| Retained Earning EOY | $279,366,118 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $328,278,929 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $279,366,118 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $328,278,929 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $279,755,047 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $328,278,929 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$48,912,811 | ExcessRevenueOverExpensesAmt |
| Subtotal | $279,366,118 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $279,366,118 | 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 | $281,274,899 | GrossSalesPriceAmt |
| Cost Or Other Basis | $257,489,074 | CostOrOtherBasisAmt |
| Gain Or Loss | $23,785,825 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $23,785,825 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $23,785,825 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $488,993 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $488,993 | SubtotalAmt |
| Tax Based On Investment Income | $488,993 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $437,931 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $61,700 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $499,631 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $10,638 | OverpaymentAmt |
| Applied To ES Tax | $10,638 | 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 | 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 | 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 | 4.0 | $0 | $0 | $0 |
| Michael Le-Cheng Li | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 8.0 | $0 | $0 | $0 |
| dr Ning Zhao | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres, Sec | 10.0 | $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 | $1,483,333 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $113,383 |
| 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 | $213,090,392 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $12,858,170 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $10,286,919 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $236,235,481 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $236,235,481 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,543,532 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $232,691,949 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,634,597 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,634,597 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $488,993 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $488,993 | TotalTaxAmt |
| Distributable Before Adj | $11,145,604 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $11,145,604 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $11,145,604 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $13,107,999 | 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 | $13,107,999 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,145,604 | DistributableAsAdjustedAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Excess Distribution Cyov Yr2 | $1,047,708 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,278,440 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,326,148 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $13,107,999 | QualifyingDistributionsAmt |
| Applied To Current Year | $11,145,604 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,962,395 | RemainingDistriFromCorpusAmt |
| Total Corpus | $4,288,543 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $4,288,543 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $1,047,708 | ExcessFromYear2Amt |
| Excess From Year1 | $1,278,440 | ExcessFromYear1Amt |
| Excess From Current Year | $1,962,395 | ExcessFromCurrentYearAmt |
| 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 |
|---|---|---|---|---|---|---|---|
| COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK | |||||||
| 622 W 113TH ST MC4524 | NEW YORK | NY | 10025 | N/A | PC | FOR THE BENEFIT OF COLUMBIA COLLEGE, THE FACULTY OF ARTS AND SCIENCES AND THE GRADUATE SCHOOL OF ARTS & SCIENCES | $3,000,000 |
| FRED HUTCHINSON CANCER CENTER | |||||||
| 1100 FAIRVIEW AVE N MAIL STOP J5-20 | SEATTLE | WA | 98109 | 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 | TO ESTABLISH THE NING ZHAO & GE LI FAMILY INITIATIVE FOR LUNG CANCER RESEARCH AND NEW THERAPIES | $4,000,000 |
| PEDDIE SCHOOL | |||||||
| 201 S MAIN ST | HIGHTSTOWN | NJ | 08520 | N/A | PC | Zhao Li Family Endowed Scholarship Fund | $1,000,000 |
| PEKING UNIVERSITY EDUCATION FOUNDATION USA | |||||||
| 475 EL CAMINO REAL STE 401 | MILLBRAE | CA | 94030 | N/A | PC | endowment fund at the Yenching Academy of Peking University | $1,578,632 |
| SOMERSET HILLS LEARNING INSTITUTE INC | |||||||
| 1810 BURNT MILLS RD | BEDMINSTER | NJ | 07921 | N/A | PC | General & Unrestricted | $15,000 |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | |||||||
| 3451 WALNUT ST 433 FRANKLIN BLDG | PHILADELPHIA | PA | 19104 | N/A | PC | Football Facility Fund, Coaches Fund, Basketball Varsity Fund, Field Hockey Varsity Fund, the Field Hockey Impact Fund, and the Women's Athletics Endowment Fund, Student-Athlete Fund, Li Basketball Endowment Fund and the Women's Basketball Foreign Trip Fund at the Division of Recreation and Intercollegiate Athletics of the university. | $2,000,000 |
| COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK | |||||||
| 622 W 113TH ST MC4524 | New York | NY | 10025 | n/a | The Valentini Endowment Fund for the Columbia College Journey | $1,000,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $12,708,632 | 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 | $28,922 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,989,422 | 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 | -$68,016,103 | 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 | $59 |
| RESCISSION OFFER STLM-BARCLAY BABA NOTES | 01 | $5,607,270 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$55,390,430 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$55,390,430 | 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 Dr Ning Zhao | 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 | $21,319,172 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | LYELL IMMUNOPHARMA, LYEL, 1050000 sh. | $7,869,750 | 2022-08-08 |
| 1 | LYELL IMMUNOPHARMA, LYEL, 200000 sh. | $1,535,000 | 2022-08-09 |
| 1 | LYELL IMMUNOPHARMA, LYEL, 1000524 sh. | $7,679,022 | 2022-08-09 |
| 1 | LYELL IMMUNOPHARMA, LYEL, 520000 sh. | $4,235,400 | 2022-09-12 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Amt | $1,670 | Amt |
| Net Investment Income | $1,670 | NetInvestmentIncomeAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| Short ExplanationShortExplanationTxt |
|---|
| dr Ge Li |
| *DR. GE LI, DIRECTOR/TREASURER 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, 2022, THE FOUNDATION PAID $261,250 FOR ADMINISTRATIVE SERVICES AND $1,222,083 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, 2022, THE FOUNDATION PAID $261,250 FOR ADMINISTRATIVE SERVICES AND $1,222,083 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 (7 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BK OF AMERICA CORP BOND PERPET | $14,964,862 | $14,664,000 |
| CITI 11.5% GEARED BUFF CONTING | $10,000,000 | $9,681,000 |
| CITI 12.6% GEARED BUFF CONTING | $10,000,000 | $9,827,000 |
| CITI 8.3% GEARED BUFF CONTING | $20,000,000 | $19,712,000 |
| CITI 10.35% GEARED BUFF CONTIN | $10,000,000 | $7,983,000 |
| CITI 9.2% GEARED BUFF CONTING | $30,000,000 | $26,736,000 |
| UBS 12% GEARED BUFF CONTING ME | $10,000,000 | $10,000,000 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INVESCO S&P 500 EQUAL WEIGHT E | $3,242,046 | $2,825,000 |
| LYELL IMMUNOPHARMA, | $21,222,051 | $9,568,754 |
| PIMCO DYNAMIC INCOME OPPORTUNI | $4,868,000 | $3,108,218 |
| SPDR DOW JONES INDUSTRIAL AVER | $8,656,822 | $8,283,250 |
| SPDR S&P 500 ETF TRUST | $37,398,178 | $36,330,850 |
| VANGUARD FTSE EUROPEAN ETF | $9,982,467 | $8,149,680 |
| WUXI BIOLOGICS (CAYMAN) INC | $52,932,921 | $29,250,389 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $14,663,050 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $14,610,246 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CICFH HEALTHCARE INVESTMENT FU | $5,000,000 | $4,994,331 |
| GREENBACKER RENEWABLE ENERGY | $4,444,186 | $4,915,602 |
| SPECIAL OPPORTUNITY FUND VII, | $1,042,520 | $376,986 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $17,331 | LegalFeesAmt |
| Disbursements Charitable Prps | $17,331 | 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 | $113,383 | $113,383 | |
| K-1 Exp GREENBACKER RENEWABLE | $8,401 | $8,401 | |
| 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 | $59 | $59 |
| REsCISSION OFFER STLM-BARCLAY BABA NOTES | $5,607,270 | $5,607,270 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OUTSTANDING OPTIONS | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $388,929 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $1,222,083 | $1,222,083 | |
| ADMINISTRATION OF FOUNDATION | $261,250 | $261,250 | |
| DESIGN FEE | $7,221 | $7,221 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2022 | $409,500 |
| 990-PF Extension for 2021 | $91,900 |