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· Private foundation

The Ernest and Joan Liu Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$365k
Granted FY2025still arriving
13
Grants FY2025still arriving
—
States reached
$50k
Largest
01What it funds
0196% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2025.

Education$1.2MPhilanthropy$356kInternational$201kArts & Culture$160kSocial Science$160kHealth$148kReligion$15kPublic Benefit$1kOther$0
02FY2025 · 13 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k1 grant · $1k
  • $10k–50k8 grants · $164k
  • $50k–250k4 grants · $200k
$28,000
Median grant
—
States reached
$7.7M
Total assets
Largest grants
RecipientAmount
MUSEUM OF CHINESE IN AMERICA$50,000
THE UNIVERSITY OF CHICAGO$50,000
CHINATOWN HEALTH CLINIC FOUNDATION$50,000
CHINA INSTITUTE IN AMERICA$50,000
CORNELL UNIVERSITY$33,000
THE UNIVERSITY OF CHICAGO$28,000
CORNELL UNIVERSITY$28,000
TAIPEI AMERICAN SCHOOL FOUNDATION$25,000
GROTON SCHOOL$20,000
CORNELL UNIVERSITY$10,000
THE TOWN SCHOOL INC$10,000
THE BREARLEY SCHOOL$10,000
REGIS HIGH SCHOOL$1,000
02Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

72%of every dollar goes to organizations it has funded before.
$1.4M · 13 repeat orgs$541k to everyone else

13 repeat relationships: 10 still active in FY2025, 3 since wound down.

How the two cohorts compare

Re-uppedFunded once

Organizations

13
16

Total granted

$1.4M
$541k

Median revenue growth · since first grant

+32%
+34%

Still filing today

15%
31%

New vs renewed · share of each year

In FY2025, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’20’21’22’23’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’22’23’25
EducationInternationalArts & CultureOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • CU
    CORNELL UNIVERSITY
    3× · 2022–2025 · $296k
  • TU
    THE UNIVERSITY OF CHICAGO
    3× · 2022–2025 · $213k
  • RH
    REGIS HIGH SCHOOL
    4× · 2020–2025 · $186k

Funded once

  • CI
    CHINA INSTITUTE IN AMERICA INCORPORATEDgraduated
    one grant, 2020 · $201k · revenue +132%
  • Cornell University
    one grant, 2021 · $135k · revenue +23%
  • University of Chicagograduated
    one grant, 2021 · $50k · revenue +34%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

03Its field
03the grantee network

7 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 7 of the 29 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
7/7
Grantees still filing
6/7
Grew since first funded

Where the money sits, by cause and then by grantee

CORNELL UNIVERSITY: $296,000 · OtherCORNELL UNIVERSITYTHE UNIVERSITY OF CHICAGO: $213,000 · OtherTHE UNIVERSITY OF CHICAGOREGIS HIGH SCHOOL: $186,000 · OtherREGIS HIGH SCHOOLCORNELL CLASS OF 1964: $140,110 · OtherCORNELL CLASS OF 1964CHINATOWN HEALTH CLINIC FOUNDATION: $125,000 · OtherCHINATOWN HEALTH CLINIC FOUNDATIONMUSEUM OF CHINESE IN AMERICA: $115,000 · OtherMUSEUM OF CHINESE IN AMERICACHINA INSTITUTE IN AMERICA: $100,000 · OtherCHINA INSTITUTE IN AMERICAGROTON SCHOOL: $50,000 · Other+15 more: $206,700 · Other+15 moreCornell University: $135,000 · EducationCornell Unive…University of Chicago: $50,000 · EducationUniversity of…THE BREARLEY SCHOOL: $20,000 · EducationTHE BREARLEY …GROTON SCHOOL: $20,000 · EducationGROTON SCHOOLCHINA INSTITUTE IN AMERICA INCORPORATED: $201,100 · InternationalCHINA INSTI…MUSEUM OF CHINESE IN AMERICA: $45,000 · Arts & Culture
Other$1,431,810Education$225,000International$201,100Arts & Culture$45,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$10M$100Mgrantee revenue →↑ funder's share of their budgetCHINA INSTITUTE IN AMERICA INCORPORATED: $201,100 over 1y, 6.7% of budgetCornell University: $135,000 over 1y, 0.0% of budgetUniversity of Chicago: $50,000 over 1y, 0.0% of budgetMUSEUM OF CHINESE IN AMERICA: $45,000 over 1y, 0.3% of budgetTHE BREARLEY SCHOOL: $20,000 over 2y, 0.0% of budgetGROTON SCHOOL: $20,000 over 2y, 0.0% of budgetTHE TOWN SCHOOL INC: $5,000 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds CHINA INSTITUTE IN AMERICA INCORPORATED ↗
  • Who funds Cornell University ↗
  • Who funds University of Chicago ↗
  • Who funds MUSEUM OF CHINESE IN AMERICA ↗
  • Who funds THE BREARLEY SCHOOL ↗
  • Who funds GROTON SCHOOL ↗
  • Who funds THE TOWN SCHOOL INC ↗

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 29 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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