NonprofitsThe Peach Foundation

Education

The Peach Foundation

FOSTER CITY, CA

Total revenue

$2.0M

Total expenses

$1.2M

Net assets

$12.2M

Grants received

$2.0M

79 grants

EIN

912155836

Tax year

2024

Mission

Granting scholarships and educational funds to help children from the poorest parts of china and southeast asia with an opportunity to complete a college education. To help break the vicious cycle of poverty and to raise the educational standard of the regions in which the children live. See part iii & schedule o for details.

Programs

3 programs

Using 'teacher training funds' to purchase teaching materials and to conduct training seminars for schools located in the poorest regions of china in order to enhance the effectiveness of teaching. Schools in china received teaching materials and/or held seminars using the teacher training funds in 2024. See attachment a, schedule to form 990 part iii for reference. Using 'library funds' to purchase books for schools located in the poorest regions of china. Schools received books bought with the library funds in 2024. See attachment a, schedule to form 990 part iii for reference. Using 'student magazine funds' to publish the foundation's magazine, peacher, which collects articles from scholarship recipients and serves as a vehicle for them to share ideas and enhance writing skills. See attachment a, schedule to form 990 part iii for reference. Using 'myanmar project funds', 'thailand project funds', and 'cambodia project funds' to help the poorest children to obtain education from middle schools to colleges and train teachers to obtain better teaching skills. See attachment a, schedule to form 990 part iii for reference.

Expenses: $311KGrants: $311K

Using 'student medical funds' for physical examinations and medical treatments deemed necessary for those scholarship recipients who cannot afford the expenses themselves. See attachment a, schedule to form 990 part iii for reference.

Expenses: $6KGrants: $6K

Payroll and office expenses allocated to programs.

Expenses: $83K

Financials

FY 2024

Revenue

Contributions & grants$1.6M
Program service revenue
Investment income$408K
Other revenue
Total revenue$2.0M

Expenses

Grants paid$887K
Salaries & benefits$67K
Fundraising$10K
Other expenses$201K
Total expenses$1.2M
Total assets$12.2M
Net assets$12.2M

People

5 listed

NameRoleCompensation

RUTH JENG

PRESIDENT

Board

$50K

40 hrs/wk

ANLI CHAO

SECRETARY

Board

30 hrs/wk

LINDA LIM

TREASURER

Board

EMILY MANN

DIRECTOR

Board

10 hrs/wk

CLARA YU

DIRECTOR

Board

Grants received

Showing 79 of 79

FromAmountPurposeYear
$150K
CHARITABLE
2024
$36K
GENERAL SUPPORT
2024
$12K
CHARITY CONTRIBUTION
2024
$9K
General Support
2024
$9K
General & Unrestricted
2024
$3K
TO HELP CHILDREN FROM THE POOREST PARTS OF CHINA WITH AN OPPORTUNITY TO COMPLETE A COLLEGE EDUCATION. TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND TO RAISE THE EDUCATIONAL STANDARD OF THE REGIONS IN WHICH CHILDREN LIVE.
2024
$900
THE PEACH FOUNDATION WAS FORMED TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA AND SOUTHEAST ASIA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION.
2024
$200
UNRESTRICTED DONATION ENABLE THE RECIPIENTS TO CARRY OUT ITS PROGRAMS.
2024
$200K
CHARITABLE
2023
$100K
CHARITABLE
2023
$85K
For grant recipient's exempt purposes
2023
$17K
CHARITY CONTRIBUTION
2023
$8K
General & Unrestricted
2023
$5K
General Support
2023
$4K
CHARITY PURPOSE
2023
$3K
TO HELP CHILDREN FROM THE POOREST PARTS OF CHINA WITH AN OPPORTUNITY TO COMPLETE A COLLEGE EDUCATION. TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND TO RAISE THE EDUCATIONAL STANDARD OF THE REGIONS IN WHICH CHILDREN LIVE.
2023
$2K
TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION. OUR HOPE IS TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND, THROUGH INCREASING EQUALITY OF OPPORTUNITY, RAISE THE EDUCATIONAL STANDARDS OF THE REGIONS IN WHICH THE CHILDREN LIVE.
2023
$2K
GENERAL SUPPORT
2023
$2K
IN SUPPORT OF RF DONATIONS TO CHARITABLE ORGANIZATIONS
2023
$900
THE PEACH FOUNDATION WAS FORMED TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA AND SOUTHEAST ASIA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION.
2023
$53K
For grant recipient's exempt purposes
2022
$38K
GENERAL SUPPORT
2022
$16K
CHARITY CONTRIBUTION
2022
$11K
Annual donation to support under priviledged kids in China's rural areas
2022
$9K
General Support
2022
$8K
GENERAL SUPPORT
2022
$4K
General Support
2022
$4K
CHARITY PURPOSE
2022
$2K
TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION. OUR HOPE IS TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND, THROUGH INCREASING EQUALITY OF OPPORTUNITY, RAISE THE EDUCATIONAL STANDARDS OF THE REGIONS IN WHICH THE CHILDREN LIVE.
2022
$900
MATCHING GIFT PROGRAM - FOR GENERAL SUPPORT OF ITS MISSION
2022
$900
THE PEACH FOUNDATION WAS FORMED TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA AND SOUTHEAST ASIA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION.
2022
$43K
For grant recipient's exempt purposes
2021
$43K
For grant recipient's exempt purposes
2021
$27K
General Support
2021
$5K
General Support
2021
$2K
SUPPORT OF OTHER CHARITABLE ORGANIZATIONS
2021
$2K
TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION. OUR HOPE IS TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND, THROUGH INCREASING EQUALITY OF OPPORTUNITY, RAISE THE EDUCATIONAL STANDARDS OF THE REGIONS IN WHICH THE CHILDREN LIVE.
2021
$900
THE PEACH FOUNDATION WAS FORMED TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA AND SOUTHEAST ASIA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION.
2021
$675
Annual donation to support under priviledged kids in China's rural areas
2021
$120K
Charitable
2020
$34K
For grant recipient's exempt purposes
2020
$11K
CHARITY CONTRIBUTION
2020
$8K
TO HELP CHILDREN FROM THE POOREST PARTS OF CHINA WITH AN OPPORTUNITY TO COMPLETE A COLLEGE EDUCATION. TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND TO RAISE THE EDUCATIONAL STANDARD OF THE REGIONS IN WHICH CHILDREN LIVE.
2020
$4K
Provide fund to the organziation for educational support.
2020
$4K
General support
2020
$3K
TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION. OUR HOPE IS TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND, THROUGH INCREASING EQUALITY OF OPPORTUNITY, RAISE THE EDUCATIONAL STANDARDS OF THE REGIONS IN WHICH THE CHILDREN LIVE.
2020
$2K
SUPPORT OF OTHER CHARITABLE ORGANIZATIONS
2020
$950
Annual donation to support under priviledged kids in China's rural areas
2020
$450
THE PEACH FOUNDATION WAS FORMED TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA AND SOUTHEAST ASIA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION.
2020
$425
MATCHING CONTRIBUTION MADE BY EMPLOYEE OF YELP, INC.
2020
$115K
For grant recipient's exempt purposes
2019
$3K
TO HELP CHILDREN FROM THE POOREST PARTS OF CHINA WITH AN OPPORTUNITY TO COMPLETE A COLLEGE EDUCATION. TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND TO RAISE THE EDUCATIONAL STANDARD OF THE REGIONS IN WHICH CHILDREN LIVE.
2019
$1K
Donation for facemasks purchases
2019
$43K
For grant recipient's exempt purposes
2018
$11K
Education
2018
$9K
Scholarship for students in rural cities in Asia
2018
$3K
TO GIVE CHILDREN FROM THE POOREST PARTS OF CHINA OPPORTUNITIES TO COMPLETE A COLLEGE EDUCATION. OUR HOPE IS TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND, THROUGH INCREASING EQUALITY OF OPPORTUNITY, RAISE THE EDUCATIONAL STANDARDS OF THE REGIONS IN WHICH THE CHILDREN LIVE.
2018
$3K
SPONSORING CHILDREN FOR AN EDUCATION
2018
$26K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$5K
INTERNATIONAL/FOREIGN AFFAIRS
2017
$5K
Provide fund to the organziation for educational support.
2017

Funded by

$2.0M from 24 funders · 79 grants · 2017–2024

Kwoh & Pong Foundation

$570K · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$443K · 8 grants · 2017–2023

Donor Advised Charitable Giving Inc

$297K · 7 grants · 2017–2023

American Online Giving Foundation Inc

$290K · 6 grants · 2019–2024

Paypal Charitable Giving Fund

$145K · 4 grants · 2021–2024

Fongsong Life Foundation

$56K · 4 grants · 2020–2024

Yu And Wei Foundation

$29K · 5 grants · 2018–2023

TLC Charities Inc

$27K · 3 grants · 2018–2024

Details

EIN912155836
NTEE codeB82
Subsection03
Ruling date2002-03
Formed2001
Employees2
Volunteers9
THE PEACH FOUNDATION — Mission, Financials & Grants Received | Grantivo