Kwaan Family Foundation Inc
EIN 943434816
Possibly inactive.
Last 990-PF filing on record is from 2022
(4 years ago). This foundation may have filed its
final return or ceased operations — verify before investing time in an application.
Total Given 2021–2022
$258K
2 grants · $129K avg/year
based on 2 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$129K
typical big bets · $66K–$192K
grant size
0%
transactional · single-year
repeat
$252K
Assets (2021)
2
Distinct Recipients
About
Statement Describing Transaction: At the request of its creator/donor, Hau Kwaan, the Foundation's directors adopted resolutions to liquidate and dissolve the Foundation by selling all of its assets comprised entirely of cash and marketable securities on May 23-24, 2022 and November 16-17, 2022 and contributing all of the net proceeds from such sales amounting to $255,005.64, to Northwestern University in Evanston, IL, which transfer occurred on December 14, 2022.Certified Copy of Liquidation Plan, Resolution, Etc.: See Attached Statement 5.Schedule of Asset Recipients: Northwestern University, 633 Clark St., Evanston, IL 60208; Tel. No. 847-491-3741Nature and FMV of Distributed Assets:See Attached Statement 6.
Focus Areas
Application Information
Accepts Unsolicited Proposals
No — Preselected Only
Phone
(847) 420-1868
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | N/A | $225K | $-38K | N/A |
| 2021 | $3K | $252K | $4K | 1 |
| 2022 | $255K | $0 | $6K | 1 |
Grant Size Distribution
Based on 2 grants on record
Minimum
$3K
25th Pctl
$66K
Median
$129K
Average
$129K
75th Pctl
$192K
Maximum
$255K
Geographic Distribution
Officers & Directors
HK
Hau C Kwaan
President
Leadership
LK
Louise Kwaan
Secretary
Leadership
LL
Laura Lasley
Director
WK
Walter Kwaan
Director
HK
Hau C Kwaan
President
Leadership
LK
Louise Kwaan
Secretary
Leadership
WK
Walter Kwaan
Director
LL
Laura Lasley
Director
HK
Hau C Kwaan
President
Leadership
LK
Louise Kwaan
Secretary
Leadership
LL
Laura Lasley
Director
WK
Walter Kwaan
Director
Grants Awarded (2 total)
| Purpose | ||||
|---|---|---|---|---|
| Northwestern University | Evanston, IL | $255,006 | Funding of fellowship programs to attract medical students to specialize in hematology and the treatment of blood diseases | 2022 |
| ASH Found - American Soc of Hematology | Washington, DC | $2,784 | Funding of fellowship programs to attract medical students to specialize in hematology and the treatment of blood diseases | 2021 |