Yenching Foundation

“| Other Expenses:, Amount:| Bank Fees general financial fees, $15.00| Software & Apps Office expenses, $418.00| State Taxes & Filing Fees, $50.00| Airfare Travel for board meeting, $3625.00| Hotels travel for board meeting, $3468.00|”

“| Liabilities Name:, BOY Amount:, EOY Amount:| Retained earnings, $3651, 0|”

“| Explanation:| The organization incurred $7,166.70 in expenses during the year. These expenses were primarily related to legal and travel costs. Legal fees supported the organizations compliance and registration efforts. Travel costs covered in-person board meetings and fundraising outreach activities in support of future program development.”

“| Explanation:| Yenching Foundation facilitates cultural exchanges between U.S. and Chinese college students. Specifically the organization identifies opportunities in the United States for Chinese students to visit in the summer for cultural experiences and similarly creates opportunities for U.S. students to engage with Chinese culture through short-term programs. The Foundations goal is to promote mutual understanding and academic exchange between students in both countries.”

“| Explanation:| In 2024 the Yenching Foundation focused on organizational development to support its mission. This included strategic fundraising and planning activities to lay the groundwork for future cross-cultural exchange programs. Board members met in person to align on programming build partnerships and develop relationships with host institutions and potential funders. These foundational efforts are expected to enable the launch of direct student exchange activities in 2025.”