The Illinois State Capitol

Form 990-PFTax year 2024EIN 85-1628916

The Future Wanxiang Foundation Inc

A private foundation in South Barrington, IL. Its return for tax year 2024 lists 26 grants and $2.1 million paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Future Wanxiang Foundation
9 South Meadow Ct
South Barrington, IL 60010
(847) 628-8638
Form and materials
N/A
Deadlines
N/A
Restrictions
N/A

Assets and giving by year

5 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $2,062,348

    Grants listed
    26
    Assets, end of year
    $52,664,414
  • Tax year 2023

    $1,716,000

    Grants listed
    31
    Assets, end of year
    $39,247,324
  • Tax year 2022

    $1,072,400

    Grants listed
    18
    Assets, end of year
    $32,601,213
  • Tax year 2021

    $980,242

    Grants listed
    16
    Assets, end of year
    $31,208,767
  • Tax year 2020

    $293,000

    Grants listed
    7
    Assets, end of year
    $7,192,016

Grants paid in 2024

26 grants, largest first

As listed on the return.

  1. Northwestern UniversityEvanston, IL

    General support

    $1,000,000
  2. National Committee on Us-China RelationsNew York, NY

    General support

    $100,000
  3. World Business ChicagoChicago, IL

    General support

    $100,000
  4. University of IllinoisUrbana, IL

    General support

    $100,000
  5. University of ChicagoChicago, IL

    General support

    $100,000
  6. Hope ChicagoChicago, IL

    General support

    $100,000
  7. Max Baucus InstituteMissoula, MT

    General support

    $75,000
  8. China InstituteNew York, NY

    General support

    $65,000
  9. Community FoundationMuscatine, IA

    General support

    $58,498
  10. The Chicago Council on Global AffairsChicago, IL

    General support

    $50,000
  11. Advance American FreedomIndianapolis, IN

    General support

    $50,000
  12. Intersect IllinoisChicago, IL

    General support

    $50,000
  13. CGCC FoundationDanville, CA

    General support

    $50,000
  14. City Club of ChicagoChicago, IL

    General support

    $25,000
  15. The Nature ConservancyArlington, VA

    General support

    $25,000
  16. The New York PhilharmonicNew York, NY

    General support

    $25,000
  17. Aapi Forward Nonprofit FoundationPortland, OR

    General support

    $25,000
  18. Art Institute of ChicagoChicago, IL

    General support

    $19,450
  19. Breakthrough T1DNew York, NY

    General support

    $15,000
  20. The American Zhu Kezhen Education FoundationElk Grove, CA

    General support

    $10,000
  21. US China General Chamber of CommerceChicago, IL

    General support

    $8,000
  22. Environmental Law & Policy CenterChicago, IL

    General support

    $5,000
  23. Xilin AssociationLisle, IL

    General support

    $2,500
  24. Economic Club of ChicagoChicago, IL

    General support

    $1,900
  25. Elgin Youth Symphany OrchestraElgin, IL

    General support

    $1,000
  26. The Future ChicagoChicago, IL

    General support

    $1,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Sports and recreation1 grant $1,000,00072% of the total
  2. Community development2 grants $125,0009% of the total
  3. Education3 grants $121,3509% of the total
  4. International aid1 grant $50,0004% of the total
  5. Philanthropy and grantmaking1 grant $50,0004% of the total
  6. Arts and culture1 grant $25,0002% of the total
  7. 1 other causes1 grant $15,0001% of the total

By State

Grants to organizations with a US address, latest year.

  1. Illinois15 grants $1,563,850
  2. New York4 grants $205,000
  3. Montana1 grant $75,000
  4. California2 grants $60,000
  5. Iowa1 grant $58,498
  6. Indiana1 grant $50,000
  7. Oregon1 grant $25,000
  8. Virginia1 grant $25,000

Officers, directors and trustees

3 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Weidi LuPRESIDENT Hours 20Pay $68,000
  • Gang LiTREASURER Hours 1Pay $0
  • Pin NiEXECUTIVE CHAIR Hours 1Pay $0

The return

More foundations

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Same main cause (sports and recreation), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. Gary A Hansberger FoundationBig Rock, IL 13 grants Preselected only $2,003,160 giving
  2. Bobbie and Stanton Cook Family FoundationWinnetka, IL 25 grants Preselected only $2,660,000 giving
  3. Peter Kinney and Lisa Sandquist FoundationChicago, IL 16 grants Preselected only $1,429,000 giving
  4. The Ellis Goodman Family FoundationGlencoe, IL 37 grants Preselected only $1,371,050 giving
  5. Gary NFPChicago, IL 10 grants Preselected only $1,325,000 giving