﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2022v5.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-08-07T17:40:44-07:00</ReturnTs>
    <TaxPeriodEndDt>2023-09-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>830651827</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Natalie Group</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>2025 Gateway Place 110</AddressLine1Txt>
        <CityNm>San Jose</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>95110</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-10-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>472268821</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>SHOUCHENG ZHANG FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>SHOU</BusinessNameControlTxt>
      <PhoneNum>6506785439</PhoneNum>
      <USAddress>
        <AddressLine1Txt>684 SAN JUAN ST</AddressLine1Txt>
        <CityNm>STANFORD</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>94305</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>BARBARA ZHANG</PersonNm>
      <PersonTitleTxt>CFO</PersonTitleTxt>
      <SignatureDt>2025-08-07</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>WEI QIU</PreparerPersonNm>
      <PTIN>P01592990</PTIN>
      <PhoneNum>4086276289</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2022</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="22015553" softwareVersionNum="2022v5.0">
      <AmendedReturnInd>X</AmendedReturnInd>
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1919910</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>261600</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>6667</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>6667</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>6667</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>10249</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>10249</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>10249</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>151</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>6176</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>151</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>151</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">595929</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>595929</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>-13696</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>874596</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>612996</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>3371</TotalAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">93593</TaxesRevAndExpnssAmt>
        <TaxesAdjNetIncmAmt>93593</TaxesAdjNetIncmAmt>
        <TaxesDsbrsChrtblAmt>75</TaxesDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>1534</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingAdjNetIncmAmt>1534</TravConfMeetingAdjNetIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>1534</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">22160</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesAdjNetIncmAmt>22160</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>22160</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>117287</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>117287</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>23769</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>20000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>20000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>137287</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>117287</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>43769</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>737309</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>612996</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>247989</CashBOYAmt>
        <CashEOYAmt>459832</CashEOYAmt>
        <CashEOYFMVAmt>459832</CashEOYFMVAmt>
        <OtherInvestmentsBOYAmt>719076</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt>713830</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>635346</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSchedule">303020</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">824732</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule">824732</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>1270085</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1998394</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1919910</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>9000</AccountsPayableBOYAmt>
        <TotalLiabilitiesBOYAmt>9000</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>902913</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>1164513</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>358172</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>833881</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1261085</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1998394</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1270085</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1998394</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1261085</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>737309</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>1998394</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>1998394</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VARIOUS PER OPPENHEIMER_949</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-12-01</AcquiredDt>
          <SoldDt>2023-03-31</SoldDt>
          <GrossSalesPriceAmt>6176</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6025</CostOrOtherBasisAmt>
          <GainOrLossAmt>151</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>151</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>151</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>151</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>8521</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>8521</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>8521</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>237</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>237</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>18</EsPenaltyAmt>
        <TaxDueAmt>8302</TaxDueAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>true</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd referenceDocumentId="SubstantialContributorsSchedul">true</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>https://www.sczhangfoundation.org/</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>BARBARA ZHANG</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>6506785439</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>684 SAN JUAN ST</AddressLine1Txt>
          <CityNm>STANFORD</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94305</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BARBARA ZHANG</PersonNm>
          <USAddress>
            <AddressLine1Txt>684 SAN JUAN ST</AddressLine1Txt>
            <CityNm>STANFORD</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94305</ZIPCd>
          </USAddress>
          <TitleTxt>CEO &amp; CFO</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEPHANIE ZHANG</PersonNm>
          <USAddress>
            <AddressLine1Txt>684 SAN JUAN ST</AddressLine1Txt>
            <CityNm>STANFORD</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94305</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>1) Stanford Physics Fellowships with international and interdisciplinary collaborations. We coordinated with the Stanford Physics department to establish a Shoucheng Zhang Fellowship for select Stanford graduate students pursuing research in material science and condensed matter physics. This collaboration started in 2019, shortly after Professor Zhangs passing. This year, 2022-2023, the program selected another four outstanding Fellows to join the Stanford Shoucheng Zhang Fellowship at Stanford. The foundation also hosted events for Stanford faculty and students to discuss new discoveries in science and further collaborations in research. Attached below are photos from a gathering between the new Fellows and Stanford faculty.</Description1Txt>
        <Expenses1Amt>6245</Expenses1Amt>
        <Description2Txt>2) Stanford SCCEI (Stanford Center on Chinas Economy and Institutions)We helped to support the operations and Summer student of the Stanford Rural Education Action Program (REAP), which is a program under Stanford Center on China's Economy and Institutions . With the foundations support, the REAP program was able to sift through brilliant ideas from the scientific community and find ones showing promise for improving real-world issues affecting children's health and education in rural China. https://sccei.fsi.stanford.edu/reap/</Description2Txt>
        <Expenses2Amt>3000</Expenses2Amt>
        <Description3Txt>3) Work together with the Elevate Tutoring program. This year the Shoucheng Zhang Foundation is continuously working with the Elevate Tutoring to help providing scholarship money to first-generation college students who receive training and then provide free STEM tutoring to in-need middle and high school students. The Tutor Training Fellowship Program is halfway through its 12th year and has now seen 200 tutors provide over 19,000 hours of free STEM tutoring. I was honored to attend the Shoucheng Zhang scholarship recipients, Kate Duong and Niklas Feil-Haws graduation ceremony.</Description3Txt>
        <Expenses3Amt>15000</Expenses3Amt>
        <Description4Txt>4) Support Stanford HAI program. We helped support the Stanford Institute for Human-Centered Artificial Intelligence through donations, collaboration building, and event publicity. We helped organize several introductions between key partners and Professor Fei-Fei Li, the Denning Co-Director of Stanford HAI. We also organized discussions among Stanford students and faculty about the vision and direction of the Stanford HAI program.</Description4Txt>
        <Expenses4Amt>2000</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>602386</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>452066</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>824732</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1879184</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1879184</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>28188</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1850996</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>92550</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>43769</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>43769</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2014-10-21</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>396</Year1Amt>
          <Year2Amt>32778</Year2Amt>
          <Year3Amt>30973</Year3Amt>
          <TotalAmt>64147</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <Year1Amt>337</Year1Amt>
          <Year2Amt>27861</Year2Amt>
          <Year3Amt>26327</Year3Amt>
          <TotalAmt>54525</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>43769</CurrentYearAmt>
          <Year1Amt>39250</Year1Amt>
          <Year2Amt>36069</Year2Amt>
          <Year3Amt>27002</Year3Amt>
          <TotalAmt>146090</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>43769</CurrentYearAmt>
          <Year1Amt>39250</Year1Amt>
          <Year2Amt>36069</Year2Amt>
          <Year3Amt>27002</Year3Amt>
          <TotalAmt>146090</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>61700</CurrentYearAmt>
          <Year1Amt>30589</Year1Amt>
          <Year2Amt>28174</Year2Amt>
          <Year3Amt>20649</Year3Amt>
          <TotalAmt>141112</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>BARBARA ZHANG</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Asian American Scholar Forum</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1776 Broadway Ste 1101</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>CHARITABLE DONATION</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>20000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionAmt>6667</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionAmt>10249</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>151</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>DANHUA CAPITAL II GP LLC</Desc>
          <ExclusionAmt>611571</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>XANTHUS FUND, L.L.C.</Desc>
          <ExclusionAmt>-15642</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>612996</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>612996</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>13</LineNumberTxt>
          <RelationshipStatementTxt>Providing funds for accomplishment of exempt purpose.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="22015553" softwareVersionNum="2022v5.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>BARBARA ZHANG</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>684 SAN JUAN ST</AddressLine1Txt>
          <CityNm>STANFORD</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94305</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>80000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>Andrew Gu</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>435 Tasso St 305</AddressLine1Txt>
          <CityNm>Palo Alto</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94301</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>15600</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorPersonNm>HongFei Da</ContributorPersonNm>
        <ContributorForeignAddress>
          <AddressLine1Txt>18 Marina Blvd</AddressLine1Txt>
          <CityNm>Singapore</CityNm>
          <ProvinceOrStateNm>Singapore</ProvinceOrStateNm>
          <CountryCd>SN</CountryCd>
          <ForeignPostalCd>018980</ForeignPostalCd>
        </ContributorForeignAddress>
        <TotalContributionsAmt>50000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorPersonNm>Jean Wong</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1011 Via Del Pozo</AddressLine1Txt>
          <CityNm>Los Altos</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94022</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorPersonNm>Global Academy of Science and Arts</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>108 Bryant St Apt 13</AddressLine1Txt>
          <CityNm>Mountain View</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94041</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>100000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>6</ContributorNum>
        <ContributorPersonNm>Shan Li</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>501 Forests Ave 705</AddressLine1Txt>
          <CityNm>Palo Alto</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94301</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>6000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>7</ContributorNum>
        <ContributorPersonNm>Sophie Lo</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>450 Cotton St</AddressLine1Txt>
          <CityNm>Menlo Park</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94025</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="22015553" softwareVersionNum="2022v5.0">
      <OtherAssetsScheduleGrp>
        <Desc>DANHUA CAPITAL II GP LLC</Desc>
        <BOYBookValueAmt>303020</BOYBookValueAmt>
        <EOYBookValueAmt>610732</EOYBookValueAmt>
        <EOYFMVAmt>610732</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>Texas RV Park</Desc>
        <EOYBookValueAmt>214000</EOYBookValueAmt>
        <EOYFMVAmt>214000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="22015553" softwareVersionNum="2022v5.0">
      <OtherExpensesScheduleGrp>
        <Desc>Bank Charge</Desc>
        <RevenueAndExpensesPerBooksAmt>14</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>14</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>14</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Compliance Filings</Desc>
        <RevenueAndExpensesPerBooksAmt>189</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>189</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>189</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>VARIOUS OPERATION-ACTIVITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>21245</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>21245</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>21245</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Website Support</Desc>
        <RevenueAndExpensesPerBooksAmt>712</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>712</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>712</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="22015553" softwareVersionNum="2022v5.0">
      <OtherIncomeDetail>
        <Desc>DANHUA CAPITAL II GP LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>611571</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>611571</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1946</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>XANTHUS FUND, L.L.C.</Desc>
        <RevenueAndExpensesPerBooksAmt>-15642</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-15642</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-15642</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <SubstantialContributorsSch documentId="SubstantialContributorsSchedul" softwareId="22015553" softwareVersionNum="2022v5.0">
      <SubstantialContributorDetail>
        <PersonNm>Babara Zhang</PersonNm>
        <USAddress>
          <AddressLine1Txt>684 SAN JUAN ST</AddressLine1Txt>
          <CityNm>STANFORD</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94305</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
      <SubstantialContributorDetail>
        <PersonNm>Andrew Gu</PersonNm>
        <USAddress>
          <AddressLine1Txt>435 Tasso St 305</AddressLine1Txt>
          <CityNm>Palo Alto</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94301</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
      <SubstantialContributorDetail>
        <PersonNm>HongFei Da</PersonNm>
        <ForeignAddress>
          <AddressLine1Txt>42-01 18 Marina Blvd</AddressLine1Txt>
          <CityNm>Singapore</CityNm>
          <ProvinceOrStateNm>Singapore</ProvinceOrStateNm>
          <CountryCd>SN</CountryCd>
          <ForeignPostalCd>018980</ForeignPostalCd>
        </ForeignAddress>
      </SubstantialContributorDetail>
      <SubstantialContributorDetail>
        <PersonNm>Jean Wong</PersonNm>
        <USAddress>
          <AddressLine1Txt>1011 Via Del Pozo</AddressLine1Txt>
          <CityNm>Los Altos</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94022</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
      <SubstantialContributorDetail>
        <PersonNm>GLOBAL ACADEMY OF SCIENCE AND ARTS</PersonNm>
        <USAddress>
          <AddressLine1Txt>108 Bryant St Apt 13</AddressLine1Txt>
          <CityNm>Mountain View</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94041</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
      <SubstantialContributorDetail>
        <PersonNm>Shan Li</PersonNm>
        <USAddress>
          <AddressLine1Txt>501 Forests Ave 705</AddressLine1Txt>
          <CityNm>Palo Alto</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94301</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="22015553" softwareVersionNum="2022v5.0">
      <TaxesDetail>
        <CategoryTxt>ATTORNEY GENERAL</CategoryTxt>
        <Amt>75</Amt>
        <AdjustedNetIncomeAmt>75</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>75</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FTB</CategoryTxt>
        <Amt>27253</Amt>
        <AdjustedNetIncomeAmt>27253</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>IRS</CategoryTxt>
        <Amt>324</Amt>
        <AdjustedNetIncomeAmt>324</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>IRS</CategoryTxt>
        <Amt>65941</Amt>
        <AdjustedNetIncomeAmt>65941</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>