Key Takeaways
- Jen-Hsun and Lori Huang Foundation 2024 giving: $126.3 million, per Business Insider.
- Donor-advised fund share: about 65% of the 2024 giving went to an account that lets donors take a tax deduction now and advise where the money goes.
- Foundation payout: about 1.4% of net assets in 2024, by WYDE's calculation from Business Insider's figures.
The Jen-Hsun and Lori Huang Foundation donated $126.3 million in 2024, and about 65% of that giving went to a donor-advised fund, Business Insider reported. Between 2023 and 2024, its net assets nearly tripled, from around $3.34 billion to $9.13 billion, according to the same report. By WYDE's calculation, the 2024 giving equaled about 1.4% of those net assets. Business Insider reported that Jensen Huang, whose wife, Lori, leads the foundation, is out at Nvidia, and that the foundation's future is an open question.
Jen-Hsun and Lori Huang Foundation 2024 Figures
In 2024, the foundation donated some $126.3 million, Business Insider reported. IBTimes UK put the foundation's assets at about $9.2 billion at the end of 2024.
Net assets are a foundation's total assets minus its liabilities. Business Insider described net assets as nearly tripling between 2023 and 2024, from around $3.34 billion to $9.13 billion, based on the most recent available tax returns.
Donor-Advised Fund Share of 2024 Foundation Giving
Business Insider reported that around 65% of the 2024 total went to a donor-advised fund. By WYDE's calculation, 65% of $126.3 million is about $82.1 million. By WYDE's calculation, the other 35%, about $44.2 million, is outside that donor-advised share, and neither outlet says where that money went. Business Insider reported that the foundation committed around $30.5 million to Oregon State University across three donations in 2024, according to a filing. Neither outlet says whether the Oregon State gifts came from that share.
IBTimes UK reported that a substantial portion of the foundation's 2024 charitable distributions went to a donor-advised fund, meaning the ultimate recipients of that money are not immediately clear from its public filings. It also reported that the foundation's giving practices have attracted questions about transparency.
Jen-Hsun and Lori Huang Foundation 2024 Payout: About 1.4% of Net Assets
A payout rate is the share of a foundation's net assets that it gives to charity in a year. By WYDE's calculation, the $126.3 million the foundation gave in 2024 equaled about 1.4% of the $9.13 billion in net assets Business Insider reported. Neither outlet gives a benchmark for a normal payout rate.
The ratio compares annual giving with the size of the holdings, so a rising asset base can lower the rate even when dollar giving rises.
IBTimes UK reported that much of the foundation's wealth is closely tied to Nvidia shares, and that those shares have risen substantially as the company has grown.
People Also Ask
Who runs the Jen-Hsun and Lori Huang Foundation?
Lori Huang is the president of the Jen-Hsun and Lori Huang Foundation, according to IBTimes UK. Jensen Huang, her husband, is listed as its secretary and chief financial officer, according to IBTimes UK. IBTimes UK reported that the Jen-Hsun and Lori Huang Foundation was established in 2007 and is based in Palo Alto, California.
How much did the Jen-Hsun and Lori Huang Foundation donate in 2024?
The Jen-Hsun and Lori Huang Foundation donated $126.3 million in 2024, Business Insider reported.
What is a donor-advised fund?
A donor-advised fund is an account that lets donors immediately get a tax deduction and advise on where to direct the money, Business Insider explained. About 65% of the Jen-Hsun and Lori Huang Foundation's 2024 giving went to a donor-advised fund.
How large are the Jen-Hsun and Lori Huang Foundation's assets?
The Jen-Hsun and Lori Huang Foundation had about $9.2 billion in assets at the end of 2024, IBTimes UK reported. Business Insider reported net assets of $9.13 billion. Net assets are assets minus liabilities, so the two figures differ.
Sources: Business Insider, IBTimes UK.