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Cyrus Tang Foundation

Profile

Last Updated: 2016-02-12

At A Glance

Cyrus Tang Foundation

(formerly Tang Family Foundation)

8960 Spanish Ridge Ave.

Las Vegas, NV United States 89148-1302

Telephone: (702) 734-3700

URL: www.tangfoundation.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $346,319,804

Total giving: $12,472,272

EIN

880361180

BRIDGE Number

4509144023

Background

Established in 1996 in NV - Cyrus Tang came to the U.S. in 1950 as an immigrant, and through hard work, became a successful entrepreneur. While he has been consistently diligent in his business activities, Mr. Tang has always been mindful of how best to use his resources to help society in areas where the needs are the greatest. He determined early that both a sound mind and healthy body are needed for a community to progress. As a businessman, he regards investments in these areas as providing the best return. To this end, Mr. Tang establishes his objective of providing assistance in the fields of education and medicine to his native and adopted countries, China and the U.S., respectively

Purpose and Activities

Giving primarily to improve the quality of life in disadvantaged communities of China, through effective investments in education and public health, and by fostering community spirit.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

"Pass The Torch" Rural Educational Assistance Program

This program was set up to address educational and employment challenges in impoverished rural areas. The pilot project was launched in 2004 with four towns in Jiangsu, Anhui, and Shaanxi provinces. The towns have populations averaging forty thousand, and were selected on the basis of their local governments' demonstrated commitment to improving quality of life and to their willingness to participate in the program. The program includes: financial assistance to cover education-related expenses in order to allow disadvantaged primary and middle school children to complete their schooling; skills and vocational training to young adults so that they may acquire employable skills. This training program also covers agronomics for those who intend to remain in the rural communities to farm; information dissemination on matters of health, law, finances by university professors and students to disadvantaged communities; and financing in conjunction with university expertise to set up model villages to serve as bases for hands-on teaching of agronomic skills, and for disseminating the latest in agricultural technology.

Big Brother Big Sister

The program involves CT Scholarship recipients teaming up with, and providing assistance to, primary and middle school children in disadvantaged rural areas. Under this new program, CT Scholarship recipients will target one or more primary and/or middle schools in selected impoverished areas. They will then conduct their own investigations, including personal interviews, to draw up a list of students who are considered to still require financial help. In addition to organizing fund drives, CT Scholarship recipients will also be mentoring the children and maintain contact with them throughout their years at school.

Cyrus Tang Compassionate Heart Scholarship

This scholarship is designed to encourage the development of character, good citizenship as well as scholastic diligence among young students. The award is given to middle school and high school students who have the following values: devotion to parents; respect for teachers and elders; care for others; willingness to help; diligence and hard work; and good grades. The scholarship recipients are selected annually through anonymous voting by fellow students. One recipient is selected from each class of each grade from all middle schools and high schools in a selected county. The award is Rmb 400 per student per year for middle school students, and Rmb 800 per student per year for high school students. Recipients are expected to join the school's CompassionateHeart team so as to help them develop from an early age a spirit of helping others. The scholarship was initiated in Oct. 2006 to cover rural counties.

Cyrus Tang Scholarship for Personal Development and Community Service

This scholarship program is designed for undergraduates and at present is available at 21 key universities and for university students from Wujiang City. Awards are based on the students' scholastic achievements, financial needs, exemplary conduct and civic involvement. The scholarship is annual, but may be awarded consecutively to a recipient for up to the entire undergraduate stay. Scholarship recipients are required to be involved in community work. They perform the services as members of the CaringHeart Clubs. Every institution participating in the scholarship program has set up a club for this purpose. See foundation web site for participating institutions.

Tang Award for Chinese Materia Medica Development

These awards are to promote the research and development of traditional Chinese medicine (TCM) by encouraging the creativity and diligence of scientists and technicians. The awards are given by the China Academy of Chinese Medical Sciences with the financial support of the foundation. Two winners are selected bi-annually, one for research in TCM fundamentals, and the other for research into TCM applications. Candidates are recommended based on peer review and have to be nationally recognized for recent research achievements. Each award is accompanied by a prize of Rmb 200,000 - the largest of its kind in China.

Fields of Interest

Subjects
  • Education
  • Higher education
  • Human services
International Interests
  • China

Financial Data

Year ended 2014-12-31

Assets: $346,319,804 (market value)

Gifts received: $30,231,494

Expenditures: $13,456,575

Total giving: $12,472,272

Qualifying distributions: $20,603,271

Giving activities include:

$12,472,272 for 86 grants (high: $2,006,557