Bin Fang Foundation
Preselected recipients only
Bin Fang Foundation is a private foundation in Chester, Pennsylvania. In tax year 2024 it gave $67,988 in 11 grants; the typical grant was $5,000 and the largest $25,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$67,988
- Number of grants11
- Typical grant$5,000
- Largest grant$25,000
- Assets$2.2 million
- New grantees73%
Giving in 2024 was up from $14,800 the year before.
73% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $14,800 | 6 | $2.1 million |
| 2024 | $67,988 | 11 | $2.2 million |
How to apply
Bin Fang Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Bin Fang Foundation funds
Where it gives
Its grants went to recipients in 4 states, the most to Pennsylvania.
| State | Grants | Amount |
|---|---|---|
| Pennsylvania | 7 | $48,000 |
| Washington | 1 | $8,000 |
| New York | 2 | $6,988 |
| Oregon | 1 | $5,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Everest Pace Center Inc | Support mission | $25,000 |
| CSTS | Support stroke educational efforts | $10,000 |
| Aaifpa | Empowering asian americans | $8,000 |
| China Institute in America | Event sponsor | $5,888 |
| Sagp | Fighting COVID together event | $5,000 |
| Chinese Youth and Women | Support youth leadership | $5,000 |
| HXGV Chinese Cultural Center | Donation | $3,000 |
| Capa Te | Covid education | $2,000 |
| FHL Church | Donation | $2,000 |
| Sing Tago Daily | Community new year event | $1,100 |
| Focus Media LLC | Support community intitiatives | $1,000 |
Officers and trustees
- Xiaobin Li
- Guofang Wang
- Zhong Li
Questions people ask
Does Bin Fang Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Bin Fang Foundation give?
$67,988 in tax year 2024, across 11 grants, with a typical grant of $5,000.
Who runs Bin Fang Foundation?
Its 2024 filing lists Xiaobin Li (President), Guofang Wang (Chair) and Zhong Li (Secretary).
What does Bin Fang Foundation fund?
Based on its grants, mainly faith communities and education.