GE LI & NING ZHAO FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GE LI & NING ZHAO FAMILY FOUNDATION (EIN 35-2684719)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-04
- IRS object ID
- 202523089349101557
- Schema version
- 2024v5.2
- 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
- Accounting Fees Schedule
- Compensation Explanation
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- 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 | 2025-11-04T14:27:43-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 2024-01-01 | 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 | 2025-10-29 | 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 | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $283,889,857 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $533,187 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $533,187 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $27,418,109 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $27,418,109 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,646,945 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $816,266,254 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,515,467 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $75 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $75 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $29,598,316 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $33,466,838 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $31,947 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $31,947 | 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 | $1,875,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,528,750 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $346,250 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $437,600 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $7,914 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $7,914 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $99,714 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $10,831 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $88,883 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,453,820 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,541,226 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $474,994 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $205,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $205,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,658,820 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,541,226 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $679,994 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $26,939,496 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $31,925,612 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $20,506,507 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,111,330 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,111,330 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $9,637,141 | USGovernmentObligationsBOYAmt |
| Corporate Stock BOY | $41,221,815 | CorporateStockBOYAmt |
| Corporate Stock EOY | $66,431,788 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $44,579,224 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $200,964,862 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $231,929,859 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $228,438,207 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $10,269,519 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $10,165,451 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,761,096 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $282,599,844 | TotalAssetsBOYAmt |
| Total Assets EOY | $309,638,428 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $283,889,857 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $99,088 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $99,088 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $282,599,844 | RetainedEarningBOYAmt |
| Retained Earning EOY | $309,539,340 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $282,599,844 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $309,539,340 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $282,599,844 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $309,638,428 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $282,599,844 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $26,939,496 | ExcessRevenueOverExpensesAmt |
| Subtotal | $309,539,340 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $309,539,340 | 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 | $816,266,254 | GrossSalesPriceAmt |
| Cost Or Other Basis | $810,750,787 | CostOrOtherBasisAmt |
| Gain Or Loss | $5,515,467 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $5,515,467 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,515,467 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $443,766 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $443,766 | SubtotalAmt |
| Tax Based On Investment Income | $443,766 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $414,682 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $39,300 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $453,982 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $10,216 | OverpaymentAmt |
| Applied To ES Tax | $10,216 | 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 (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 |
|---|---|---|---|---|---|---|---|---|
| Dr Ge Li | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres, Sec, Treas | 12.0 | $0 | $0 | $0 |
| Michael Le-Cheng Li | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas, Pres, Sec | 8.0 | $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 | $1,875,000 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $88,300 |
| 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 | $253,136,763 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,588,367 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $9,761,097 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $272,486,227 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $272,486,227 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,087,293 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $268,398,934 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $13,419,947 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $13,419,947 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $443,766 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $443,766 | TotalTaxAmt |
| Distributable Before Adj | $12,976,181 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $12,976,181 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $12,976,181 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $679,994 | 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 | $679,994 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $12,976,181 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $372,480 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,278,440 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,962,395 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $3,613,315 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $679,994 | QualifyingDistributionsAmt |
| Applied To Current Year | $679,994 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $3,613,315 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $3,613,315 | ExcessDistributionCyovAppCYAmt |
| Undistributed Income CY | $8,682,872 | UndistributedIncomeCYAmt |
| 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 |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CANCER RESEARCH AMERICA NFCR INC | |||||||
| 5515 SECURITY LANE STE 1105 | ROCKVILLE | MD | 20852 | N/A | PC | In support of "The Nearness of You Concert" at Lincoln Center in New York City | $25,000 |
| MADISON SQUARE PARK CONSERVANCY INC | |||||||
| ELEVEN MADISON AVE 15FL | NEW YORK | NY | 10010 | N/A | PC | Charitable Event | $55,000 |
| MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ | |||||||
| PO BOX 27106 | NEW YORK | NY | 10087 | N/A | PC | General & Unrestricted | $100,000 |
| NEW YORK-PRESBYTERIAN FUND INC | |||||||
| 525 E 68TH ST BOX 123 | NEW YORK | NY | 10065 | N/A | PC | Center for Youth Mental Health | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $205,000 | 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 | $533,187 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $27,418,109 | 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 | $1,646,945 | 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 | K-1 Inc/Loss | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $75 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $29,598,316 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $29,598,316 | 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 |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dr Ge Li | PersonNm |
| Short Explanation | *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, 2024, THE FOUNDATION PAID $346,250 FOR ADMINISTRATIVE SERVICES AND $1,528,750 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. | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (20 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BK OF AMERICA CORP BOND PERPET | $12,929,859 | $13,109,707 |
| BNS 18.27% GEARED BUFFERED | $12,000,000 | $11,937,600 |
| BOA 12.11% GEARED BUFFERED | $12,000,000 | $11,642,400 |
| BOA 18.51% GEARED BUFFERED | $12,000,000 | $12,159,900 |
| CITI 12.2% GEARED BUFFERED | $12,000,000 | $11,739,600 |
| CITI 12.6% GEARED BUFFERED | $12,000,000 | $11,475,600 |
| CITI 12.95% GEARED BUFFERED | $10,000,000 | $9,825,000 |
| CITI 13.6% GEARED BUFFERED | $15,000,000 | $14,697,000 |
| CITI 14.1% GEARED BUFFERED | $10,000,000 | $10,000,000 |
| CITI 14.2% GEARED BUFFERED | $12,000,000 | $12,013,200 |
| CITI 14.5% GEARED BUFFERED | $10,000,000 | $9,729,000 |
| CITI 14.7% GEARED BUFFERED | $12,000,000 | $11,905,200 |
| CITI 15.2% GEARED BUFFERED | $12,000,000 | $11,277,600 |
| CITI 15.251% GEARED BUFFERED | $10,000,000 | $9,560,000 |
| CITI 17.2% GEARED BUFFERED | $12,000,000 | $12,091,200 |
| GS 12.96% GEARED BUFFERED | $10,000,000 | $9,840,000 |
| HSBC 15.08% GEARED BUFFERED | $10,000,000 | $10,112,000 |
| UBS 10.9% GEARED BUFFERED | $12,000,000 | $11,806,800 |
| UBS 12.6% GEARED BUFFERED | $12,000,000 | $11,541,600 |
| UBS 14.55% GEARED BUFFERED | $12,000,000 | $11,974,800 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALPHABET INC CL A | $1,902,821 | $1,893,000 |
| ISHARES BITCOIN TRUST | $1,169,231 | $1,061,000 |
| ISHARES TRUST RUSSELL 1000 GRO | $2,053,006 | $2,007,900 |
| LYELL IMMUNOPHARMA, | $17,844,497 | $1,476,432 |
| MICROSOFT CORP | $2,507,285 | $2,529,000 |
| NIKE INC-CL B | $1,976,808 | $1,891,750 |
| SPDR S&P 500 ETF TRUST | $11,461,291 | $11,135,520 |
| TAIWAN SEMICONDUCTOR MFG CO LT | $1,824,790 | $1,777,410 |
| WALT DISNEY HOLDINGS CO | $974,604 | $1,113,500 |
| WUXI BIOLOGICS (CAYMAN) INC | $24,717,455 | $19,693,712 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CICFH HEALTHCARE INVESTMENT FU | $5,000,000 | $4,989,596 |
| GREENBACKER RENEWABLE ENERGY | $4,122,931 | $4,412,549 |
| SPECIAL OPPORTUNITY FUND VII, | $1,042,520 | $358,951 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $31,947 | LegalFeesAmt |
| Disbursements Charitable Prps | $31,947 | 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 | $88,300 | $88,300 | |
| K-1 Exp GREENBACKER RENEWABLE | $10,831 | $10,831 | |
| Registered Agent Fee | $558 | $558 | |
| State or Local Filing Fees | $25 | $25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Inc/Loss GREENBACKER RENEWABLE ENERGY | Desc |
| Revenue And Expenses Per Books | $75 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $75 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OUTSTANDING OPTIONS | Desc |
| EOY Book Value | $99,088 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $1,528,750 | $1,528,750 | |
| ADMINISTRATION OF FOUNDATION | $346,250 | $346,250 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2024 | $397,900 |
| 990-PF Extension for 2023 | $39,700 |