Huang Chen Foundation Inc

Overview

The Huang Chen Foundation Inc is a private grantmaking foundation based in Minneapolis, Minnesota. It is recognized as a 501(c)(3) organization, which means donations made to the foundation are tax-deductible[1]. The foundation focuses on philanthropic endeavors, supporting various causes including alternative protein initiatives, women's health, and responses to international crises like the Ukraine situation[3].

Financial Overview

As of recent filings, the foundation's financial data shows significant activity in grantmaking. In 2023, the Huang Chen Foundation issued $338,800 in grants[2]. The financial statements for the foundation indicate that it derives revenue from various sources such as dividends and sales of assets, while also focusing on charitable disbursements[1].

Grant History

The foundation has an active grantmaking profile. In recent years, it has issued a notable number of grants across different categories. Specifically, in 2023, there were 9 awards, in 2022 there were 12 awards, and in 2021 the foundation granted 18 awards[2]. This pattern shows a consistent commitment to supporting a variety of charitable causes.

Governance and Leadership

The leadership of the Huang Chen Foundation includes directors such as Angela C Huang, Geoffrey E Chen, and Andrew Chih Chun Huang. None of these directors receive compensation for their roles within the foundation[1]. This suggests that the foundation operates with a focus on its philanthropic mission rather than personal benefit.

Mission and Activities

While specific details on the foundation's mission statement are not readily available, its activities suggest a commitment to philanthropic ventures that address global and local issues. The support for alternative protein initiatives, women's health, and crisis response aligns with broader trends in global philanthropy aimed at addressing pressing societal challenges[3].

Conclusion

The Huang Chen Foundation Inc plays a role in the nonprofit sector through its grantmaking activities and support for diverse causes. Despite limited public information on its detailed mission or operational specifics, its financial activities and grant history indicate a commitment to making a positive impact through strategic philanthropy.