2022-10-16T22:10:55-07:00 2021-12-31 990 2021-01-01 980483202 FUDAN UNIVERSITY EDUCATION DEVELOPMENT FOUNDATION FUDA 2407608256 9500 Gilman Drive Room 0519 La Jolla CA 92093 Yingfeng Lu Vice President 5713768541 2022-10-09 1 11 1 AAL2 2021 2022-09-23 18:48:47Z YANG Zengguo Room 425 Yuan Chengying Building 220 Handan Road Shanghai CH 200433 2535242 0 X https://fuedf.fudan.edu.cn/ X 2006 DE FUDAN UNIVERSITY EDUCATION DEVELOPMENT FOUNDATION is organized exclusively for charitable and educational purposes with the mission as promoting higher education and academic research of Fudan University. FUDAN UNIVERSITY EDUCATION DEVELOPMENT FOUNDATION mainly raises funds to set up fellowships, scholarships, facilitate student exchange and enhance campus infrastructures, etc.. 7 7 0 2 0 0 2851365 2488291 0 0 446 51097 13049 -4146 2864860 2535242 3253974 3189585 0 0 0 0 0 0 0 8896 8855 3262870 3198440 -398010 -663198 34611555 35710233 0 0 34611555 35710233 1) Support academic research and talents cultivation in Fudan University. 2) Promote higher education in Fudan University and other educational organizations in China. 3) Strengthen global cooperations of education and research. 4) Enhance communication between Shanghai, China and the world. 0 0 1047431 1047431 0 SCHOLARSHIPS & STUDENT FINANCIAL AIDS: To provide substantial support for students' development, and to satisfy the financial needs from low income families, funds were raised to set up kinds of Scholarships and Financial Aids, which includes excellence scholarship, liberal arts scholarship, research scholarship, exchange student scholarship, etc, and different levels of Financial Aids so that each financially challenged students can live a healthy life during their university time. In 2021, there were fifteen (15) Scholarships and Financial Aids programs granted, hundereds of students benefited from those Scholarships and Financial Aids. 1025641 1025641 0 FACULTY DEVELOPMENT PROGRAM: To build a world-class university, Fudan sets up long-term plans on promoting the quality of faculty. Foundation raised kinds of fund for faculty training, chair professor recruiting, fellowships for outstanding faculties and sponsorships for academic seminars and lectures given from global well-known scholars.In 2021, there was one (1) Faculty Development Programs were granted, which was Haoqing Chair Professor Program. 781814 781814 0 INFRASTRUCTURE DEVELOPMENT: Funds are raised to support all means of Infrastructure Development necessary to provide better teaching, research, and living conditions for all faculty, staff and students. In 2021, the granted fund was used to build DONG GU LIZHEN Art Museum and renovate JIU YUAN buildings. 80000 80000 0 ACADEMIC RESEARCH 189517 189517 0 SCHOOL & DEPARTMENT FUND 65182 65182 0 OTHER 334699 334699 0 3189585 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 HK 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 DE X YINGFENG LU 5713768541 ROOM 423 YUAN CHENGYING BUILDING 220 HANDAN ROAD FUDAN UNIVERSITY SHANGHAI CH 200433 XU ZHENG CHAIRMAN, DIRECTOR 4 X X 0 0 0 CHAN ALLEN DIRECTOR 2 X 0 0 0 YUEN FRANCIS DIRECTOR, TREASURER 4 X X 0 0 0 LAM COLIN DIRECTOR 0.5 X 0 0 0 CHIANG LAI YUEN DIRECTOR 0.5 X 0 0 0 CHAN ANSON DIRECTOR 0.5 X 0 0 0 YANG ZENGGUO DIRECTOR, PRESIDENT 8.00 0 X X 0 0 0 LU YINGFENG VICE PRESIDENT 16.00 X 0 0 0 ZHANG YI VICE PRESIDENT 0.5 X 0 0 0 LU LI AN VICE PRESIDENT 0.5 X 0 0 0 SHEN GUOLIN VICE PRESIDENT 0.5 X 0 0 0 0 0 0 0 0 0 0 0 2488291 2488291 0 51097 51097 0 0 0 0 0 0 0 0 0 0 0 0 0 0 EXCHANGE GAINS/LOSSES 523000 -4146 -4146 0 0 0 0 0 0 -4146 2535242 46951 0 0 3189585 3189585 522 522 3937 3937 3138 3138 1258 1258 3198440 3189585 8855 0 142460 214670 1325058 612141 4661 4661 0 0 33144037 34883422 34611555 35710233 0 0 X 31603859 33383471 3007696 2326762 34611555 35710233 34611555 35710233 -663198 1761876 X 0 1 X 0 0 X 2694845 1667976 1849429 2851365 2488291 11551906 0 0 0 0 0 0 0 0 0 0 2694845 1667976 1849429 2851365 2488291 11551906 7155627 4396279 4133 28167 1707 13495 46951 94453 0 0 0 0 0 0 0 0 0 0 0 0 11646359 0 0.37748 0.36719 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1788325 0 327995 25000 0 0 2091320 1689823 0 173502 75000 0 0 1788325 1576625 0 188298 75000 0 0 1689923 1652496 0 -971 75000 0 0 1576525 1500744 0 214252 62500 0 0 1652496 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4661 0 4661 0 0 0 0 0 0 LGT CF PREMIUM STRATEGY GIM TRANCHE IV 30936547 F ALL-STARS INVESTMENT US FUND 2005961 F ALL-STARS INVESTMENT PRIVATE PARTNERS FUND 1940914 F 34883422 2535242 0 0 0 0 0 2535242 0 0 0 2535242 3198440 0 0 0 0 0 3198440 0 0 0 3198440 Schedule D, Part V, Line 4 Schedule D, Part V, Line 4 - Fudan University Education Development Foundation has two (2) Endowment Fund till now. 1) Fudan-Yin Fan Wu & Ling Chao Chang Wu Endowment Fund. This Endowment Fund is set up permanently to generate income through investment for Scholarship. Each recipient can receive USD 1,500 per academic year. According to the designated ROI in the donation agreement, there are 16-17 students to be granted the scholarship annually since 2012. 2) Xie Xide Chair Professor. This endowment is set up permanently to generate income through investment for Fellowship in Physics Department. According to the designated ROI in the donation agreement, USD 50,000 will be allocated to this fellowship each year since 2017. 1 East Asia and the Pacific 0 0 Grantmaking 3189585 East Asia and the Pacific 0 0 Investments 34833422 0 0 38023007 East Asia and the Pacific Scholarship, Financial Aids, Fellowship, Academic Research, Campus Infrastructure, Schools & Departments' Development and other chairy program 3189585 wire transfer 0 Book Value 1 0 0 0 1 0 0 0 Schedule F, Part I, Line 2 Schedule F, Part I, Line 2 - As described in Form 990 Part I line 1 of our mission, Fudan University Education Development Foundation is exclusively established to raise funds to support academic research, talents cultivation and infrastructure constructions in Fudan University and other high educational organizations in China. The majority of the donation is supposed to be granted to Fudan University, China. To make good use of all grants and execute sufficient monitor, our foundation sets up the management procedures as below: 1) Application: The candidates are required to file application form and submit it with their proposals. 2) Screen & Evaluation: Designated professional staffs are responsible for screening and evaluating applications with proposals, then give recommendations for grant action. 3) Review & Approval: The applications are reviewed and approved by different level of officers, special management committees, and directors based on the purpose and the amount of grants. 4) Periodically Reporting: The beneficiaries are required to provide regular progress reports on quarterly, half yearly or annually basis. 5) Final Assessment: When the grant is completed, foundation checks its compliance and effectiveness through expenditure data, reports, and field investigation if necessary. Besides, to facilitate the monitoring locally, our largest beneficiary, Fudan University, sets up a Grant Administration Office on campus which is full of experienced professional staffs. The office is responsible to both the foundation and the university's grant management. In other words, our foundation can get sufficient information of all the grants and implement supervision with the assistance of that office. Form 990, Part VI, Section B, Line 11b Form 990 including all series Schedules were filled by financial staff and reviewed by Vice President. Form 990, Part VI, Section B, Line 12c According to Conflict of Interest Policy, if there is any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors. After exercising due diligence, the board will held meeting to discuss and determine whether a conflict really exists, and vote on the transaction or arrangement related. If the board has reasonable cause to believe a member has failed to disclose actual or possible conflict or interest, it shall take appropriate disciplinary and corrective action. Form 990, Part VI, Section B, Line 15 The process of Determining Compensation applies to the compensation of excutive officers including president, vice president, secretary, treasurer, and other high-level officers. The process includes all of these steps: a) Use of comparability data to determine compensation scheme. Compare the compensation for similarly qualified persons in functionally comparable positions at similarly organizations, and then design its own compensation scheme. b) Review and Approval. The compensation of the person is reviewed and approved by the board of directors. c) Contemporaneous documentation and record-keeping with respect to the deliberations and decisions. Form 990, Part VI, Section C, Line 19 Fudan University Education Development Foundation makes our governing documents, conflict of interest policy, financial statements and other essential documents available to the public upon request. Fudan University Education Development Foundation has filed and submitted Form 8868 through Extensiontax.com. Our foundation has been approved to an automatic 6-months extension untill Nov. 15, 2022.