George Yang Family Foundation

Nonprofit profile at a glance

EIN
921542844
IRS 990-PF coverage
2022–2024
Forms available
Form 990-PF 2024
Location
Scottsdale, AZ, USA
Phone
4802138322
Rating
74
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Private Operating Foundations

Reported finances

Revenue
$14,166
Expenses
$46,431

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Private Operating Foundations

What it reported funding in 2024

The foundation reported 4 grants totaling $17,600. The stated grant purposes included to support research initiatives aimed at improving the understanding, treatment, and prevention of leukemia and related blood cancers., to support medical research initiatives conducted by the university of arizona, advancing scientific knowledge and improving health outcomes through innovative studies., and to assist in advancing medical research and healthcare programs that enhance patient care and promote innovative treatment methods., plus 1 other reported purpose.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 88% of its reported charitable disbursements as grants.

The verdict

SUPPORTED - The filed numbers largely add up and the filing identifies who received its grants. A relatively small share of available resources goes to charitable grants and a relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 58
  • Cost Efficiency: 38
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 92

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 57.9%; rating input score 58; 8th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 37.9%; rating input score 38; 12th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 37.13; rating input score 92; 92nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 57.9% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 92th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Grant Deployment: Grant deployment ratio scored 58/100.
  • Moderate — Cost Efficiency: Grant expense ratio scored 38/100.