BROOKLYN -- Clara Wu Tsai and Joe Tsai, owners of the NBA’s Brooklyn Nets, the WNBA’s New York Liberty and Barclays Center, announced the first grant recipients of the Joe and Clara Tsai Foundation’s Social Justice Fund as part of the couple’s five-point action plan to support social justice and equality initiatives that benefit black, indigenous and people of color. According to Brian Mahoney of the Associated Press, Nets owner Joe Tsai is donating 350,000 KN95 masks and 100,000 medical goggles through his Joe and Clara Tsai Foundation. For donors, GlobalGiving provides an additional layer of vetting and due diligence for each of its nonprofit partners every two years, which may include site visit verification. For more information, visit our grants page. Key Persons data is unavailable for this organization. $5 million to the Jaeb Center for Health Research Foundation for a clinical trial to evaluate a virtual specialty clinic model for people with diabetes. Share your impact data to update your score. Presented here are up to five of the highest compensated employees listed on page 7 of the IRS Form 990. (BMF affiliation code: 3). Here are notable new grant awards compiled by the Chronicle: $50 million over 10 years to support programs that advance social justice and economic mobility for Blacks, Indigenous people, and people of color, particularly in Brooklyn. We provide links to all available 990s here, whether or not this organization is eligible for a Finance & Accountability score. … Despite the circumstances of his arrest – and despite never committing a crime – Meek has been on probation his entire adult life, and has been sent back to jail multiple times for minor technical violations, including for “popping a wheelie” on a dirt bike and performing a concert without the proper travel pre-approvals. URL not available | 7660 FAY AVE NO H816 La Jolla CA 92037-0021. Born December 18, 1957 in Bryn Mawr, PA to the late Joseph W. and Charity Navigator provides an assessment of the organization’s engagement with the constituents it serves. Independent foundation . As New York became the epicenter for the novel coronavirus outbreak in the United States — and eventually the world — Joe and Clara Wu Tsai did what they could to help. Charity Navigator’s Encompass Rating System evolves on a quarterly basis as we add new metrics and indicators, which we call Beacons. Residents of the city voted on the projects, and the foundation will pay to demolish condemned homes, hire young people for beautification projects, help older people make repairs to their homes, and other improvement ideas. The foundation also made $2 million in program-related investments to support these causes. Joe and Clara Tsai Foundation. Clara Wu Tsai, ’88, MA ’88, served on a presidential task force that helped shape the Stanford Neurosciences Institute and Stanford ChEM-H(Chemistry, Engineering & Medicine for Human Health). The company's filing status is listed as Active and its File Number is C3639665. $10 million to nine colleges and universities in the San Francisco Bay Area to continue the Koret Scholars program for the next five years. EIN: 46-4577561. The Joe and Clara Tsai Foundation is headquartered in La Jolla, CA, and is a 501(c)(3) organization. Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. Brooklyn Nets owners Joe Tsai and Clara Wu Tsai have pledged $50 million to social justice and economic equality initiatives to support Black, … This organization is ineligible for a Finance & Accountability score. Our partnership with Feedback Labs and Guidestar by Candid, and other partners including Fund for Shared Insight, GlobalGiving and Keystone Accountability, enables us to launch the first version of this beacon with Constituent Feedback information collected on Candid's site. The nonprofit is not heavily reliant on individual donors because beneficiaries fund a majority of its costs or it does not receive any private charitable contributions. Joe and Clara Wu Tsai donate more ventilators to New York than initially thought. The data is updated monthly. We have not issued this nonprofit a Finance & Accountability score. The nonprofit does not primarily deliver services directly to beneficiaries or it is not reasonable to expect the nonprofit to measure impact for its primary activity. $1 million to eight neighborhood-revitalization projects in Flint, Mich. April 5, 2020 9:32 am. The nonprofit is eligible for a score, but we have not yet developed the specific algorithms to estimate the impact of the type of service it delivers and so cannot issue a score yet. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. Do you work at The Joe and Clara Tsai Foundation? Charity Navigator will provide an assessment of the organization’s leadership capacity, strategic planning, and the ability to readily innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization’s mission. GlobalGiving is the largest global crowdfunding community connecting nonprofits, donors, and companies in nearly every country. Mr. Tsai previously purchased 49% of the team for $1 billion in October 2017, from Russian billionaire Mikhail Prokhorov. $5 million to the University of Illinois at Urbana-Champaign to continue Humanities Without Walls, its consortium of interdisciplinary humanities centers at colleges and universities. To issue an Impact & Results score, we estimate the actual impact a nonprofit has on the lives of those it serves, and determine whether it is making good use of donor resources to achieve that impact. This does not indicate a positive or negative assessment, only that we have not reached a conclusion for the following reason: This beta feature is currently viewable only on desktop or tablet screens. This pledge is in addition to the $10 million commitment to the NBA Foundation that will come from the NBA’s Brooklyn Nets men’s basketball team. Subscribe Unlock nonprofit financial insights that will help you make more informed decisions. Other metrics will be added later in the year. The IRS NTEE classification code is T20, Private Grantmaking Foundations within the Philanthropy, Voluntarism and Grantmaking Foundations category. The Joe and Clara Tsai Foundation is headquartered in La Jolla, CA, and is a 501 (c) (3) organization. Clara Wu Tsai and Joe Tsai own the NBA’s Brooklyn Nets and the WNBA’s New York Liberty basketball teams. $9.3 million in grants to improve health equity in California during the Covid-19 pandemic, address racial disparities in pandemic response, and advance racial justice for communities of color. BARCLAYS CENTER - Five Black Brooklyn community leaders were named recipients of the Joe and Clara Tsai Foundation Social Justice Fund, which aims to support social justice and equality initiatives that benefit Black people, Indigenous people, and people of color. A future version of this Beacon will also assess an organization's people operations and its Diversity, Equity and Inclusion (DEI) metrics. Joe and Clara Tsai Foundation $50 million over 10 years to support programs that advance social justice and economic mobility for Blacks, Indigenous people, and people of color, particularly in Brooklyn. The amounts include salary, cash bonuses, and expense accounts. This organization is either not eligible for a Beacon (see below), or that Beacon is not yet available. View information about the BMF on the IRS website here. Letters of inquiry are due November 1. Private non-operating foundation (BMF foundation code: 04), Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). $4 million to the Bridgespan Group to expand its Leading for Impact and Leadership Accelerator programs to Philadelphia and Camden, N.J. Each grant maker gave $2 million to the effort. See details here. In 2016, the Tsais made a substantial gift to Yale University, Joe Tsai’s alma mater, to establish a new center on innovative thinking, one that placed diversity at the core of its mission. Read the IRS policies for compensation reporting here. The IRS ruling year for tax exemption was 2014. Like the Encompass Rating System, the Culture & Community Beacon is designed to evolve as relevant metrics are developed and ready for integration. Program data is not available for this organization. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. All Black History Month, we’ll be amplifying the stories of the first five grant recipients of the Joe and Clara Tsai Foundation’s Social Justice Fund. Clara Tsai runs a charitable organization, the Joe and Clara Tsai Foundation, which oversees causes including economic mobility in Brooklyn. Some metrics are based on the most recent available filing, while others are based on averages of values over multiple years. Charity Navigator assesses how well a nonprofit delivers on its mission. lock Unlock financial insights by subscribing to our monthly plan. Check back often to see how this organization’s score changes. We have not issued this nonprofit an Impact & Results score. Constituent Feedback data provides 100% of the basis for the initial evaluation of the Culture & Community Beacon. Pandemic Primer September 17, 2020. In early April, the Joe and Clara Tsai Foundation, Jack Ma Foundation and Alibaba Foundation donated 2,000 ventilators, 2.6 million face masks and 170,000 goggles to the Greater New York Hospital Association. This data will provide the basis for the initial evaluation of Culture & Community. This does not indicate a positive or negative assessment, only that we have not reached a conclusion for one of the following reasons: The nonprofit is eligible for a score, but we have not yet gotten to scoring it. She Helped Found Reform Alliance, a Social Justice Group, Alongside the Likes of Jay-Z, … The Registered Agent on file for this company is Michelle B. Graham and is located at 6050 El Tordo, Rancho Santa Fe, CA 92067. Contact Information. Team owners Joe and Clara Tsai pledged $50 million over 10 years to support the effort, starting with five local Black leaders who will receive funding from their foundation. Feedback Labs has documented several studies which indicate that beyond achieving organizational goals, nonprofits that are attentive and responsive to concerns and ideas raised by beneficiaries establish stronger relationships with the people they serve, promote greater equity, and empower constituents in ways that can help to ensure better long-term outcomes. * Joe and clara tsai foundation - stock sales plan allows for sale of up to about 6.5 million shares of alibaba group holding ltd's stock through oct 2017 Find out why. She said the concentration of experts from many fields within walking distance of one another on one campus and the university’s ability to harness this collective knowledge were key factors that she and her hus… Learn about the Encompass Rating System: Announcement | FAQ | Release Notes. June 25, 2016. The project has pledged $1.3 million over five years to Marquette University, a member of the consortium. The program helps first-generation, low-income, and underrepresented minority college students complete their degrees and overcome obstacles that the Covid-19 pandemic has exacerbated. Clara Wu Tsai and Joe Tsai own the NBA’s Brooklyn Nets and the WNBA’s New York Liberty basketball teams. Encompass Scores are calculated from one or more Beacon Scores. We also track accountability and transparency policies to ensure the good governance and integrity of the organization. The recipients are Brooklynites who are tackling racial disparities in healthcare, climate policy, … Send grant announcements to grants.editor@philanthropy.com. The IRS Form 990 is the source of the finance and accountability data used within the Encompass Rating System. Constituent Feedback and Listening Practice data are not available for this organization. The Chronicle of Philanthropy subscribers also have full access to GrantStation’s searchable database of grant opportunities. EIN: 46-4577561. Carolyn Joy Pancoast of West Chester, PA Carolyn Joy Pancoast, 58, passed suddenly on Sat. Share this article 27 shares share tweet text email link Nick Friar. Founder, The Joe and Clara Tsai Foundation. Encompass Rating Beta V3 provides an evaluation of an organization's Culture and Community by measuring its Constituent Feedback practices. M.J. Prest has been writing about major gifts, grant making, and executive moves for, What the New Philanthropy.com Means for You. Canada Joe and Clara Tsai may not be household names in America, but the couple have long been groundbreaking leaders in the worlds of philanthropy and business. The foundation intends to do some of its social-justice work in partnership with the two basketball teams and the Barclays Center, a sports arena in Brooklyn. $4.5 million to its Neurodegeneration Challenge Network to support 30 teams of researchers that are studying neurodegenerative disorders, including Alzheimer’s, Parkinson’s, and ALS. Nonprofit organizations and individuals may apply for grants worth between $5,000 and $20,000 each to archive and preserve the music and recorded sound heritage of North America for future generations. The impact analysis framework that we use is not well suited to these nonprofits. Innovation in the Age of Coronavirus. Telephone: 8584001307 ; Need more information about Foundations? THE JOE AND CLARA TSAI FOUNDATION LA JOLLA, CA 92037-0021 | Tax-exempt since Sept. 2014 EIN: 46-4577561 Classification (NTEE) This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990. Below are some key data points from the BMF for this organization. When an organization is eligible for a Finance & Accountability beacon score, each metric is based on elements of the 990. https://news.yale.edu/2017/05/18/yale-announces-tsai-center-innovative-thinking $1 million to Veterans Life Center to build a residence for military veterans in North Carolina and provide services to help them avoid homelessness, incarceration, suicide, and premature death. $1.9 million to the Women’s Philanthropy Institute at the Indiana University Lilly Family School of Philanthropy to back research on women’s giving and help nonprofit groups and donors more effectively use insights from that research. This data is only available if this charity has at least one year of e-file Form 990 data. Revenue and expense data is not available for this organization. H816 La Jolla, CA United States 92037 . The Joe And Clara Tsai Foundation is a California Domestic Corporation filed on January 22, 2014. The Joe and Clara Wu Tsai Foundation have announced the first recipients of grants from its Social Justice Fund. Location 7660 Fay Ave., Ste. The Joe and Clara Tsai Foundation. IRS Forms 990 are provided courtesy of Foundation Center. Grants worth up to $20,000 each are also awarded to scientific research projects related to the impact of music on the human condition. We award every nonprofit that completes the Candid survey full credit for this Beacon, in recognition of their willingness to publicly share this information with the nonprofit and philanthropic communities. This compensation data is displayed exactly how it is reported to the IRS. Lawrenceville School Alum Makes Single Largest Donation In School's History - Lawrenceville, NJ - Joe Tsai and his wife, Clara, made the donation through the Joe & Clara Tsai Foundation. Encompass Rating Beta V3 does not provide an evaluation of the organization's leadership and adaptability. This organization is not eligible for a Culture & Community score. (Source: IRS Business Master File and Form 990). Clara Wu Tsai is a businesswoman, cultural producer and investor with a lifelong interest in improving economic mobility. Feedback practices have been shown to support better Diversity, Equity, and Inclusion outcomes, an essential area of assessment that we intend to further expand and develop in the future. Try our monthly plan today. You can find resources to help nonprofits improve their feedback practices here. Learn more about GlobalGiving.Note: GlobalGiving Badges do not effect the nonprofit’s Impact & Results score. Find out why. The Joe and Clara Tsai Foundation. This organization is ineligible for a Impact & Results score. Meet Mrs. Clara Wu Tsai; she is the Brooklyn Nets‘ New First Lady, her husband Joseph Tsai, Co-founder of e-commerce Alibaba acquire 51% of the team for $2.35 billion. (See report below.) Established earlier this year by the Tsais, owners of the NBA's Brooklyn Nets, the WNBA's New York Liberty, and the Barclays Center arena, the fund committed $50 million over ten years in August to drive economic empowerment and address systemic … Share your impact data to update your score. Through the Joe and Clara Tsai Foundation, the Brooklyn Nets governor and his wife donated 2.6 million masks, 170,000 goggles and 2,000 ventilators to New York in early April. Donations are tax-deductible. Check back later for updates. The Exempt Organization IRS Business Master File (BMF) includes cumulative information the IRS collects and displays for all exempt organizations. EIN 464577561 . The Grammy Museum, with support from the Recording Academy, is accepting letters of inquiry for its annual grant program. Although the data is not evaluated for quality at this time, future iterations of this Beacon will include third party or other data that will serve to validate the information provided by the nonprofit. See report below to find out why. The COVID-19 pandemic and its evolving aftermath are reshaping the world around us, and myriad Long Island forces – large and small, corporate and nonprofit, industrial and academic – have risen to the challenge. In March 2016, Tsai donated $30 million to his alma mater, Yale Law School, in honor of his father to support the continuing work of the Law School's China Center and renamed it Paul Tsai China Center. Clara Wu Tsai. Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people/communities they serve, may be more effective. Website here a Finance & Accountability score this nonprofit an Impact & Results score designed evolve... 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