Gina And David Chu Foundation in New York, New York (NY)

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Gina And David Chu Foundation
Employer Identification Number (EIN)311816440
Name of OrganizationGina And David Chu Foundation
In Care of NameWai G Eng Cpa Pc
Address25 E 22nd St, New York, NY 10010-5301
SubsectionCharitable Organization
Ruling Date04/2002
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$178,932
Amount of Income$5,798
Form 990 Revenue Amount$23,427
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution


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Amount of income in 2012: $5,798 (it was $381,341 in 2011)
Gina And David Chu Foundation: 

 $5,798
Other organizations performing similar types of work: 

 $74,889

Assets in 2012: $178,932 (it was $176,502 in 2011)
This organization: 

 $178,932
Other organizations performing similar types of work: 

 $50,639

Financial snapshot ($)

Revenue for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$23,427$23,427$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$5,895
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$17,532
Total expenses and disbursements$3,492$101$0$3,391
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$3,492$101$3,391
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$19,935
Net investment income$23,326
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$176,502$195,487
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$141,012
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$8,304
Other$27,186
Total liabilities$0
Total liabilities and net assets/fund balances$176,502
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$17,532
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$467
Total credits and payments$1,725
2011 estimated tax payments and 2010 overpayment credited to 2011$1,725
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$1,258
Amount to be credited to 2012 estimated tax$1,258
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$183,641
Net value of noncharitable-use assets$180,880
Minimum investment return$9,044
Distributable Amount (for 2011)
Distributable amount$8,577
Undistributed Income (for 2011)
Distributable amount for 2011$8,577
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Renaissance Charitable Foundation Inc6100 W 96th St Ste 105, Indianapolis, IN 46278-6018IN2001-06$176,857,446
2Harrison County Community Foundation Support Organ IncPO BOX 279, Corydon, IN 47112-0279IN2000-06$153,991,047
3Rockford Memorial Foundation2400 N Rockton Ave, Rockford, IL 61103-3655IL1984-01$97,088,007
4Mangrove FoundationHamilton Bermuda Hm Gx, Bermudainternational2000-07$94,797,869
5Tiger Woods Charity Event Corp121 Innovation Dr Ste 150, Irvine, CA 92617-3093CA1999-11$29,576,140
6Howard & Alice Settle Foundationfor An Invincible America Inc1537 Bull Lea Rd, Lexington, KY 40511-1200KY2007-09$14,333,640
7Kickstart-International Inc567 Sutter St, San Francisco, CA 94102-1129CA2001-09$14,022,031
8Legacy Global Foundation Inc1423 S Higley Rd Ste 127, Mesa, AZ 85206-3450AZ2003-06$7,331,775
9Carepartners FoundationPO BOX 5779, Asheville, NC 28813-5779NC2004-08$7,096,500
10Brotman Family Foundation1200 5th Ave Ste 1300, Seattle, WA 98101-3151WA2000-11$4,966,345
11Island Outreach Foundation Inc150 Senix Ave, Ctr Moriches, NY 11934-2909NY2008-05$39,768,099
12Foundation 141720 Whitestone Expy Ste 403, Whitestone, NY 11357-3000NY2008-06$18,310,734
13Meringoff Family Foundation Inc30 West 26th Street, New York, NY 10010-2011NY2007-08$3,966,586
14Klingenstein-Martell FoundationC/O Tanton And Co37 W57th St 5th F, New York, NY 10019NY1999-10$1,551,656
15National Fuel Gas Company Foundation6363 Main St, Williamsville, NY 14221-5855NY2005-03$1,500,553
16Gartner Fam Charitable TrTwo Court Square 8th Floor, Long Island City, NY 11101-4356NY2007-10$1,248,214
17American Freinds Of Ner Yisroel Inc706 Eastern Parkway, Brooklyn, NY 11213-3448NY2002-03$799,648
18Alton E Peters Charitable Tr, Peters Elizabeth Et Al750 3rd Ave Fl 11, New York, NY 10017-2716NY1999-12$447,247
19Carpenter Family Caritas Foundation36 Knollwood Dr, Rochester, NY 14618-3513NY2008-04$432,876
20Richard And Pamela Ader Foundation820 Park Avenue, New York, NY 10021-2758NY2008-06$363,003
Number of organizations performing similar types of work
Alaska4
Alabama30
Arkansas21
Arizona50
California324
Colorado66
Connecticut46
District of Columbia21
Delaware19
Florida177
Georgia79
Hawaii13
Iowa28
Idaho12
Illinois107
Indiana38
Kansas22
Kentucky32
Louisiana23
Massachusetts80
Maryland70
Maine11
Michigan78
Minnesota56
Missouri48
Mississippi12
Montana10
North Carolina74
North Dakota4
Nebraska10
New Hampshire9
New Jersey126
New Mexico6
Nevada22
New York217
Ohio101
Oklahoma27
Oregon39
Pennsylvania118
Rhode Island19
South Carolina33
South Dakota6
Tennessee36
Texas188
Utah25
Virginia83
Vermont5
Washington60
Wisconsin47
West Virginia14
Wyoming7
International9
Total2,762

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