Gerri and Rich Wong Family Foundation
EIN 853971817About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $750,000. This amount represents 25% or more of the Foundation's net assets of $42,357 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XiV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2021 | $750K | $4.7M | $4.9M | 5 |
| 2022 | $786K | $6.6M | $3.5M | 4 |
| 2023 | $1.6M | $8.5M | $2.3M | 12 |
| 2024 | $4.0M | $12.8M | $7.1M | 15 |
Grant Size Distribution
Based on 36 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (36 total)
| Purpose | ||||
|---|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | Boston, MA | $2,988,209 | General & Unrestricted (See In-Kind Grant General Explanation attachment) | 2024 |
| Fidelity Investments Charitable Gift Fund | Boston, MA | $1,100,000 | General & Unrestricted | 2023 |
| University of Chicago | Chicago, IL | $415,000 | IEL/RUSTANDY, ODYSSEY IN SUPPORT OF VETERANS, HARRIS COUNCIL | 2024 |
| University of Chicago | Chicago, IL | $325,000 | Rustandy and the IEL Urban Lab partnership and the odyssey scholarship | 2022 |
| Massachusetts Institute of Technology | Cambridge, MA | $275,000 | Blue Prints Fund, MIT Delta V Fund, JPAL Fund, The International Policy Lab Fund, and the Humanities Fund | 2021 |
| University of Chicago | Chicago, IL | $250,000 | U Chicago Booth - Rustandy Center Harris - Inclusive Economy Lab | 2021 |
| City Colleges of Chicago Foundation | Chicago, IL | $211,000 | Romulo V. Ronquillo Memorial Endowment Fund FOR RESPIRATORY CARE, THE ENDOWMENT FUND, AND THE DISTRIBUTION SCHOLARSHIP FUND | 2022 |
| Sacred Heart Schools Atherton | Atherton, CA | $180,000 | ANNUAL FUND 2024-2025, SOPHIE'S SCHOLARS PROGRAM, CAPITAL CAMPAIGN, SHP LACROSSE, SHP PULSE, AUCTION UNDERWRITING | 2024 |
| Sacred Heart Schools Atherton | Atherton, CA | $170,000 | ANNUAL FUND 2023-2024, SOPHIE'S SCHOLARS PROGRAM, EDUCATING FOR A LIFETIME CAMPAIGN, SHP LACROSSE, AUCTION UNDERWRITING | 2024 |
| Massachusetts Institute of Technology | Cambridge, MA | $150,000 | Effectiveness & Inequality Fund, MIT DELTA V, AND HUMANITIES FUND | 2022 |
| Boys & Girls Club of the Peninsula | Menlo Park, CA | $150,000 | General & Unrestricted | 2023 |
| University of Notre Dame Du Lac | Notre Dame, IN | $125,000 | University of Notre Dame for the support of the Wilson Sheehan Lab for Economic Opportunities (LEO LAB) | 2021 |
| Sacred Heart Schools Atherton | Atherton, CA | $125,000 | AUCTION UNDERWRITING, AUCTION FUND A NEED, SOPHIE'S SCHOLARS, AND CAPITAL CAMPAIGN | 2023 |
| City of Burlingame | Burlingame, CA | $100,000 | Burlingame Parks & Rec. Foundation | 2022 |
| University of Chicago | Chicago, IL | $75,000 | The Booth/Rustandy and Harris/Inclusive Economies Lab work | 2021 |
| Massachusetts Institute of Technology | Cambridge, MA | $50,000 | Blueprint Labs and Delta V Funds | 2023 |
| Pledge 1 Percent Org Inc | San Francisco, CA | $50,000 | General & Unrestricted | 2024 |
| University of Chicago | Chicago, IL | $50,000 | Chicago Booth - Rustandy Center Civic Chicago Program | 2024 |
| Catholic Charities of Santa Clara County | San Jose, CA | $30,000 | To mitigate homelessness and poverty in the Bay Area | 2023 |
| Tides Center | San Francisco, CA | $25,000 | Project #1131 and general operating support | 2021 |
| Lifemoves | Santa Clara, CA | $25,000 | General & Unrestricted | 2023 |
| Stanford University | Redwood City, CA | $25,000 | Stanford Women's Cancer Center | 2023 |
| Boys & Girls Club of the Peninsula | Menlo Park, CA | $25,000 | To support BGCP's Competitive Sports | 2024 |
| Lifemoves | Santa Clara, CA | $25,000 | General & Unrestricted | 2024 |
| Samaritan House | San Mateo, CA | $20,200 | General & Unrestricted | 2024 |