LU & WANG FAMILY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LU & WANG FAMILY FOUNDATION INC (EIN 87-3789278)
Tax period
2024-11-01 to 2025-10-31
Filed
2026-01-08
IRS object ID
202600139349100450
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-01-08T17:19:26-06:00ReturnTs
Tax Period End2025-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204851730PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Entholpy EMC IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line146520 Fremont BlvdAddressLine1Txt
Address Line2Ste606AddressLine2Txt
CityFremontCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94538ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN873789278EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Lu & Wang Family Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Yihui WangInCareOfNm
Business Name ControlLU&WBusinessNameControlTxt
Phone9173868801PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1784 Old Albany Post RoadAddressLine1Txt
CityGarrisonCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10524ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYIHUI WANGPersonNm
Person TitleCEOPersonTitleTxt
Phone9173868801PhoneNum
Signature2026-01-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANMING XUPreparerPersonNm
PTINP00728294PTIN
Phone4089962002PhoneNum
Preparation2026-01-08PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$438,487FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$3,287DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,287DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$29,409NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$97,791GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$29,409CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$32,696TotalRevAndExpnssAmt
Total Net Invst Incm$32,696TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$3,363OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$3,363OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$48TaxesRevAndExpnssAmt
Taxes Net Invst Incm$48TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$22,335TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$22,335TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$103OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$103OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$25,849TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$48TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$25,801TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,175ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,175ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$40,024TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$48TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$39,976TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$7,328ExcessRevenueOverExpensesAmt
Net Investment Income$32,648NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,435CashBOYAmt
Cash EOY$36,075CashEOYAmt
Cash EOYFMV$36,075CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,310SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$40,398SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$40,398SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$5,162AcctRcvblAmt
Acct Rcvbl EOY$5,162AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$5,162AcctRcvblEOYFMVAmt
Corporate Stock BOY$226,443CorporateStockBOYAmt
Corporate Stock EOY$158,061CorporateStockEOYAmt
Corporate Stock EOYFMV$243,005CorporateStockEOYFMVAmt
Other Investments BOY$227,693OtherInvestmentsBOYAmt
Other Investments EOY$227,693OtherInvestmentsEOYAmt
Other Investments EOYFMV$113,847OtherInvestmentsEOYFMVAmt
Total Assets BOY$460,881TotalAssetsBOYAmt
Total Assets EOY$467,389TotalAssetsEOYAmt
Total Assets EOYFMV$438,487TotalAssetsEOYFMVAmt
Accounts Payable BOY$1,455AccountsPayableBOYAmt
Accounts Payable EOY$15,291AccountsPayableEOYAmt
Total Liabilities BOY$1,455TotalLiabilitiesBOYAmt
Total Liabilities EOY$15,291TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$459,426RetainedEarningBOYAmt
Retained Earning EOY$452,098RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$459,426TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$452,098TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$460,881TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$467,389TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$459,426TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$7,328ExcessRevenueOverExpensesAmt
Subtotal$452,098SubtotalAmt
Tot Net Ast Or Fund Balances EOY$452,098TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property153 Shares of S&P500 ETFsPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-09-15AcquiredDt
Sold2024-12-24SoldDt
Gross Sales Price$97,791GrossSalesPriceAmt
Cost Or Other Basis$68,382CostOrOtherBasisAmt
Gain Or Loss$29,409GainOrLossAmt
Gains Minus Excess Or Losses$29,409GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$29,409CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$454InvestmentIncomeExciseTaxAmt
Subtotal$454SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$454TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Tax Due$454TaxDueAmt

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 StateNYOrgReportOrRegisterStateCd
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 Line1Yihui WangBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9173868801PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1784 Old Albany Post RoadAddressLine1Txt
CityGarrisonCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10524ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
YIHUI WANG
784 Old Albany Post RoadGarrisonNY10524CEO2.00$0$0$0
PING LU
784 Old Albany Post RoadGarrisonNY10524CFO2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$276,946AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$19,477AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$113,847FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$410,270TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$410,270AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,154CashDeemedCharitableAmt
Net Vl Noncharitable Assets$404,116NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,206MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,206MinimumInvestmentReturnAmt
Tax Based On Investment Income$454TaxBasedOnInvestmentIncomeAmt
Total Tax$454TotalTaxAmt
Distributable Before Adj$19,752DistributableBeforeAdjAmt
Distributable Before Ded$19,752DistributableBeforeDedAmt
Distributable As Adjusted$19,752DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$39,976ExpensesAndContributionsAmt
Qualifying Distributions$39,976QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$19,752DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$1,537ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$27,351ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$2,085ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$30,973TotalExcessDistributionCyovAmt
Qualifying Distributions$39,976QualifyingDistributionsAmt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$19,752AppliedToCurrentYearAmt
Remaining Distri From Corpus$20,224RemainingDistriFromCorpusAmt
Total Corpus$51,197TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$51,197ExcessDistriCyovToNextYrAmt
Excess From Year3$1,537ExcessFromYear3Amt
Excess From Year2$27,351ExcessFromYear2Amt
Excess From Year1$2,085ExcessFromYear1Amt
Excess From Current Year$20,224ExcessFromCurrentYearAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerYIHUI WANGContributingManagerNm
Contributing ManagerPING LUContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Global Youth Philanthropy Leader
742 W 28th StLos AngelesCA90007PC Public charity deEducational$2,760
Spence School
22 E 91st StreetNew YorkNY10128PC Public charity deEducational$5,000
Kids Saving the Rainforest
3790 El Camino Real Ste 206Palo AltoCA94306PC Public charity deCharitable$500
World Wildlife Fund
1250 24th Street NWWashingtonDC20037PC Public charity deCharitable$108
Pelotonia
2281 Kenny Rd Ste 450ColumbusOH43210PC Public charity deCharitable$207
Reef Guardian Hawaii
3737 Kaweonui RdPrincevilleHI96722PC Public charity deCharitable$1,500
UNC-Chapel Hill
PO Box 309Chapel HillNC27514PC Public charity deEducational$1,000
New England Aquarium
1 Central WharfBostonMA02110PC Public charity deCharitable$100
Collegiate School
301 Freedom Pl SNew YorkNY10069PC Public charity deEducational$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,175TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,287ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$29,409ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$32,696ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$32,696TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
Asset153 Shares of SP500 ETFsAssetDesc
Acquired2023-09AcquiredDt
How AcquiredPurchasedHowAcquiredTxt
Sold2024-12SoldDt

Purchaser Name PurchaserNameGrp

FieldValueIRS element (for citing)
Person12242024PersonNm
FieldValueIRS element (for citing)
Gross Sales Price$97,791GrossSalesPriceAmt
Basis$68,382BasisAmt
Total Net$29,409TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFidelity Investment AC0400 Common StocksStockNm
EOY Book Value$158,061EOYBookValueAmt
EOYFMV$243,005EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (20 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Private NoteAT COST$227,693$113,847
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV
FMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOperating ExpensesDesc
Revenue And Expenses Per Books$103RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$103DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bank Fee$33$33
Legal service fee$2,080$2,080
Tax Preparation Fee$1,250$1,250

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryInvestment Income TaxCategoryTxt
Amt$48Amt
Net Investment Income$48NetInvestmentIncomeAmt

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