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ZHU FAMILY FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ZHU FAMILY FOUNDATION INC (EIN 20-3753379)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-04-05
IRS object ID
202140959349100209
Schema version
2020v4.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-04-05T11:26:45-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION SOURCEBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE HOLLOW LN STE 212AddressLine1Txt
CityLAKE SUCCESSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203753379EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Zhu Family Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlZHUFBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personhuican zhuPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2021-03-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirsthuicanPersonFirstNm
Person LastzhuPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,070,049FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$28,491DividendsRevAndExpnssAmt
Dividends Net Invst Incm$28,491DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$174,135NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,884,633GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$174,135CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$202,632TotalRevAndExpnssAmt
Total Net Invst Incm$202,632TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$7,996OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$7,996OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,560TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$12,666OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$12,666OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$22,222TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,996TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$12,666TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$247,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$247,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$269,722TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,996TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$260,166TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$67,090ExcessRevenueOverExpensesAmt
Net Investment Income$194,636NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$17,710SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$26,747SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$26,747SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,364,273CorporateStockBOYAmt
Corporate Stock EOY$1,288,146CorporateStockEOYAmt
Corporate Stock EOYFMV$2,043,302CorporateStockEOYFMVAmt
Total Assets BOY$1,381,983TotalAssetsBOYAmt
Total Assets EOY$1,314,893TotalAssetsEOYAmt
Total Assets EOYFMV$2,070,049TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,381,983RetainedEarningBOYAmt
Retained Earning EOY$1,314,893RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,381,983TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,314,893TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,381,983TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,314,893TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,381,983TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$67,090ExcessRevenueOverExpensesAmt
Subtotal$1,314,893SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,314,893TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$1,884,633GrossSalesPriceAmt
Cost Or Other Basis$1,710,498CostOrOtherBasisAmt
Gain Or Loss$174,135GainOrLossAmt
Gains Minus Excess Or Losses$174,135GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$174,135CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,705InvestmentIncomeExciseTaxAmt
Subtotal$2,705SubtotalAmt
Tax Based On Investment Income$2,705TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,100EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$1,100TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$1,605TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonHuican ZhuPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
TitlePres, Dir, SecTitleTxt
Average Hrs Per Wk Devoted To Pos2.0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,773,498AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$54,587AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,828,085TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,828,085AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$27,421CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,800,664NetVlNoncharitableAssetsAmt
Minimum Investment Return$90,033MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$90,033MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,705TaxBasedOnInvestmentIncomeAmt
Total Tax$2,705TotalTaxAmt
Distributable Before Adj$87,328DistributableBeforeAdjAmt
Distributable Before Ded$87,328DistributableBeforeDedAmt
Distributable As Adjusted$87,328DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$260,166ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$260,166QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$260,166AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$87,328DistributableAsAdjustedAmt
Undistributed Income PY$88,758UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Qualifying Distributions$260,166QualifyingDistributionsAmt
Applied To Year1$88,758AppliedToYear1Amt
Applied To Current Year$87,328AppliedToCurrentYearAmt
Remaining Distri From Corpus$84,080RemainingDistriFromCorpusAmt
Total Corpus$84,080TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$84,080ExcessDistriCyovToNextYrAmt
Excess From Current Year$84,080ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHuican ZhuContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BETH ISRAEL DEACONESS MEDICAL CENTER INC
330 BROOKLINE AVEBOSTONMA02215N/APCSummer Training Program$12,500
CENTER FOR EXCELLENCE IN EDUCATION
8201 GREENSBORO DR STE 215MCLEANVA22102N/APCRSI Summer Camp Program$15,000
MATHEMATICS FOUNDATION OF AMERICA
129 HANCOCK STCAMBRIDGEMA02139N/APCCanada/USA Mathcamp Program$10,000
PRESIDENT AND FELLOWS OF HARVARD COLLEGE Sternlic
124 MOUNT AUBURN STCAMBRIDGEMA02138N/APCGeneral & Unrestricted$5,000
PRESIDENT AND FELLOWS OF HARVARD COLLEGE Sternlic
124 MOUNT AUBURN STCAMBRIDGEMA02138N/APCZhu Family Scholarship Fund$100,000
STANFORD UNIVERSITY
PO BOX 20466STANFORDCA94309N/APCREAP/Freeman-Spogli Institute for International Studies$20,000
STANFORD UNIVERSITY
PO BOX 20466STANFORDCA94309N/APCStanford Math Camp (SUMaC), Org MRLE, Award GAHXB Funds$15,000
STANFORD UNIVERSITY
PO BOX 20466STANFORDCA94309N/APCThe Fung Lab Fund - Dr. Lawrence Fung Department of Psychiatry and Behavioral science$15,000
THE HARKER SCHOOL
4525 UNION AVESAN JOSECA95124N/APCAnnual Fund$2,500
UNIVERSITY OF CALIFORNIA SANTA BARBARA
4219 CHEADLE HALL 4TH FLSANTA BARBARACA93106N/APCCollege of Engineering$40,000
UNIVERSITY OF CALIFORNIA SANTA BARBARA
4219 CHEADLE HALL 4TH FLSANTA BARBARACA93106N/APCZhu Chair at UCSB$12,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$247,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$28,491ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$174,135ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$202,632ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$202,632TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ARK FINTECH INNOVATION ETF$102,136$99,420
ARK GENOMIC REVOLUTION MULTI S$314,167$279,780
ARK INNOVATION ETF$176,775$186,735
FACEBOOK INC$86,597$108,991
INVESCO QQQ TRUST$144,510$188,244
ISHARES PHLX SEMICONDUCTOR ETF$65,286$113,754
THE TRADE DESK INC$176,330$344,430
VANGUARD 500 INDEX FUND ADM$222,345$721,948

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$12,641$12,641
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$7,996Amt
Net Investment Income$7,996NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2020$1,100
990-PF Excise Tax for 2019$460

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