Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 10-01-2024 , and ending 09-30-2025
Name of foundation
SHU-TUNG AND ALICE LI FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)8 VAN VOOREN DR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OAKLAND, NJ07436
A Employer identification number

81-4754976
B Telephone number (see instructions)

(201) 465-4336
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$64,920,380J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,571,253 1,571,253 1,571,253
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,235,668
b Gross sales price for all assets on line 6a 8,127,768
7 Capital gain net income (from Part IV, line 2)... 1,235,668
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-810 -810  
12 Total. Add lines 1 through 11........ 2,806,111 2,806,111 1,571,253
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 319,351 36,750 36,750 140,870
14 Other employee salaries and wages...... 753,327     632,614
15 Pension plans, employee benefits....... 101,877 185 185 79,147
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
43,934     43,934
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,752 5,513 5,513 7,088
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
351,370 348,980 348,980 1,723
17 Interest............... 161 161 161  
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
131,947 43,961 43,961 65,695
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
150,592 5,152 5,152
20 Occupancy.............. 374,340 12,840 12,840 303,215
21 Travel, conferences, and meetings....... 2,330     730
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
329,324     285,996
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,574,305 453,542 453,542 1,561,012
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 2,574,305 453,542 453,542 1,561,012
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 231,806
b Net investment income (if negative, enter -0-) 2,352,569
c Adjusted net income (if negative, enter -0-)... 1,117,711
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 372,510 719,170 719,170
2 Savings and temporary cash investments......... 740,593 1,122,440 1,122,440
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 2,537    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 45,733,366 Click to see attachment
List of Attached Documents:
// Content
45,179,255 		62,716,140
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,629,530
Less: accumulated depreciation (attach schedule) right arrow663,463 797,435 Click to see attachment
List of Attached Documents:
// Content
966,067 		338,123
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
26,199 		Click to see attachment
List of Attached Documents:
// Content
24,507 		Click to see attachment
List of Attached Documents:
// Content
24,507
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 47,672,640 48,011,439 64,920,380
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
9,199 		Click to see attachment
List of Attached Documents:
// Content
116,193
23 Total liabilities (add lines 17 through 22)......... 9,199 116,193
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 47,663,441 47,895,246
29 Total net assets or fund balances (see instructions)..... 47,663,441 47,895,246
30 Total liabilities and net assets/fund balances (see instructions). 47,672,640 48,011,439
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
47,663,441
2
Enter amount from Part I, line 27a .....................
2
231,806
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
47,895,247
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
47,895,246
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 500 SH BRISTOL MEYERS SQUIB P 2023-12-13 2024-10-03
b 500 SH BRISTOL MEYERS SQUIB P 2024-01-19 2024-10-03
c 500 SH BRISTOL MEYERS SQUIB P 2024-05-03 2024-10-07
d 500 SH BRISTOL MEYERS SQUIB P 2024-07-01 2024-10-07
e 500 SH BRISTOL MEYERS SQUIB P 2024-07-01 2024-10-23
500 SH CVS HEALTH CORP P 2023-05-03 2024-10-23
500 SH CVS HEALTH CORP P 2023-05-08 2024-10-29
500 SH FORTINET INC P 2023-02-14 2024-10-29
300 SH MEDTRONIC PLC SHS P 2024-06-21 2024-10-02
500 SH PFIZER INC P 2024-01-16 2024-10-16
500 SH PFIZER INC P 2024-01-23 2024-10-16
3000 SH 89BIO INC P 2024-08-06 2024-11-08
200 SH CHEVRON CORP P 2024-02-22 2024-11-18
1000 SH COTERRA ENERGY P 2024-01-02 2024-11-18
1000 SH COTERRA ENERGY P 2024-01-29 2024-12-13
1000 SH COTERRA ENERGY P 2024-02-15 2024-12-13
1000 SH CSX CORP P 2020-04-24 2024-12-20
50 SH LAUDER ESTEE CO P 2024-06-06 2024-12-11
200 SH LAUDER ESTEE CO P 2024-06-12 2024-12-11
250 SH LAUDER ESTEE CO P 2024-07-11 2024-12-11
200 SH BECTON DICKINSON P 2023-12-05 2025-01-03
50 SH BECTON DICKINSON P 2024-04-17 2025-01-03
1000 SH BRISTOL MYERS SQUIB P 2024-05-31 2025-01-03
1000 SH COTERRA ENERGY P 2024-08-26 2025-01-14
500 SH FORTINET INC P 2024-05-21 2025-01-14
200 SH UNITED PARCEL SERVICE P 2024-01-19 2025-01-22
300 SH UNITED PARCEL SERVICE P 2024-03-08 2025-01-24
500 SH BRISTOL MEYERS SQUIB P 2024-05-29 2025-02-07
250 SH CVS HEALTH CORP P 2023-05-11 2025-02-12
250 SH CVS HEALTH CORP P 2023-05-25 2025-02-12
500 SH CVS HEALTH CORP P 2024-06-27 2025-02-18
1000 SH FIRST TRUST NASDAQ P 2023-02-22 2025-02-27
300 SH GILEAD SCIENCES P 2024-03-28 2025-02-13
200 SH GILEAD SCIENCES P 2024-04-09 2025-02-13
500 SH GILEAD SCIENCES P 2024-04-09 2025-02-27
500 SH MERCK COMPANY P 2025-01-08 2025-03-07
2000 SH PFIZER INC P 2024-05-08 2025-03-31
700 SH PFIZER INC P 2024-01-23 2025-03-31
1000 SH KRAFT HEINZ CO P 2024-12-13 2025-04-28
1000 SH KRAFT HEINZ CO P 2024-12-18 2025-04-28
500 SH LAUDER ESTEE CO P 2024-10-10 2025-04-04
1000 SH PFIZER INC P 2023-12-15 2025-04-08
800 SH PFIZER INC P 2024-02-12 2025-04-08
500 SH CVS HEALTH CORP P 2024-05-16 2025-05-12
1000 OCCIDENTAL PETE CORP P 2023-03-15 2025-05-12
500 SH CVS HEALTH CORP P 2024-09-09 2025-05-16
1000 SH CVS HEALTH CORP P 2024-09-20 2025-05-16
1000 OCCIDENTAL PETE CORP P 2025-02-25 2025-05-23
1000 SH BANK AMERICAN CORP P 2023-03-21 2025-06-27
1000 SH BRISTOL MYERS SQUIB P 2024-07-03 2025-06-18
500 SH LAUDER ESTEE CO P 2024-10-18 2025-06-27
300 SH UNITED PARCEL SERVICE P 2024-05-10 2025-06-09
300 SH UNITED PARCEL SERVICE P 2024-10-16 2025-06-09
150 SH BECTON DICKINSON P 2024-04-17 2025-07-18
100 SH BECTON DICKINSON P 2024-07-19 2025-07-18
50 SH BECTON DICKINSON P 2024-11-14 2025-07-18
250 SH BECTON DICKINSON P 2024-12-20 2025-07-30
1000 SH KRAFT HEINZ CO P 2025-01-17 2025-07-28
1000 SH KRAFT HEINZ CO P 2025-01-24 2025-07-28
500 SH KRAFT HEINZ CO P 2025-02-07 2025-07-28
500 SH LAUDER ESTEE CO P 2025-01-17 2025-07-29
500 SH MEDTRONIC PLC SHS P 2024-04-19 2025-07-15
500 SH MEDTRONIC PLC SHS P 2024-07-11 2025-07-15
400 SH UNITED PARCEL SERVICE P 2024-11-13 2025-07-09
200 SH UNITED PARCEL SERVICE P 2025-02-21 2025-07-09
500 SH CITIGROUP INC P 2023-09-28 2025-08-28
1000 SH COTERRA ENERGY P 2024-08-12 2025-08-19
2000 SH COTERRA ENERGY P 2024-09-18 2025-08-19
2000 SH COTERRA ENERGY P 2024-09-30 2025-08-19
500 SH GILEAD SCIENCES P 2024-04-23 2025-08-04
500 SH GILEAD SCIENCES P 2024-07-09 2025-08-04
500 SH LAUDER ESTEE CO P 2024-11-08 2025-08-07
500 SH PFIZER INC P 2024-02-12 2025-08-22
1500 SH PFIZER INC P 2025-01-28 2025-08-22
2000 SH 89BIO INC P 2024-08-06 2025-09-19
4000 SH 89BIO INC P 2024-08-12 2025-09-19
1000 SH 89BIO INC P 2024-08-14 2025-09-19
250 SH BECTON DICKINSON P 2024-11-14 2025-09-12
200 SH BECTON DICKINSON P 2024-11-22 2025-09-12
50 SH BECTON DICKINSON P 2025-04-16 2025-09-12
200 SH BECTON DICKINSON P 2025-04-16 2025-09-29
300 SH CROWN CASTLE INC P 2025-09-16 2025-09-19
4000 SH JOHN HANCOCK BOND FUND P 2020-02-19 2025-09-30
1000 SH JOHN HANCOCK BOND FUND P 2020-04-15 2025-09-30
15.185 SH JOHN HANCOCK BOND FUND P 2023-01-03 2025-09-30
500 SH KRAFT HEINZ CO P 2025-02-07 2025-09-04
2000 SH KRAFT HEINZ CO P 2025-06-04 2025-09-04
2500 SH KRAFT HEINZ CO P 2025-06-25 2025-09-10
2000 SH PFIZER INC P 2024-12-02 2025-09-25
1000 SH PFIZER INC P 2025-02-21 2025-09-25
2000 SH PFIZER INC P 2025-06-18 2025-09-25
23165.056 SH PGIM HIGH YIELD P 2024-07-18 2024-12-05
2155 SH ISHARES CORE MSCI P 2023-01-01 2024-12-05
118 SH VANGUARD SP 500 P 2022-09-26 2024-10-04
677.60 SH FIDELITY 500 INDEX P 2025-01-01 2025-07-30
889.002 SH FIDELITY INTL INDX P 2019-10-16 2025-06-23
697 SH ISHARES MSCI PACIFIC P 2024-01-01 2025-07-30
1750 SH VANGUARD FTSE EUROPE ETF P 2024-01-01 2025-07-30
50 SH BANK OF MONTREAL P 2021-12-28 2024-12-30
50 SH BK OF AMERICA CORP P 2024-08-26 2024-12-02
25000 SH FLAGSTAR BK NATL P 2024-09-26 2024-11-29
50000 SH JP MORGAN CHASE BK NA COLUMBUS P 2024-03-06 2024-11-21
40000 SH JP MORGAN CHASE BK NA COLUMBUS P 2020-01-30 2024-11-29
45000 SH AMERICAN EAGLE BK P 2024-12-18 2025-03-11
85 SH B OF A FINANCE LLC P 2023-06-28 2025-09-19
75000 SH BMO HARRIS BK NATL P 2024-07-26 2025-02-27
50000 SH BMO HARRIS BK NATL P 2023-02-08 2025-02-27
100000 SH CENTRAL SVGS BK P 2024-03-27 2025-03-11
25 SH GS FINANCE CORP BEARUSH P 2023-02-08 2025-03-11
80 SH GS FINANCE CORP BEARISH P 2024-05-30 2025-04-10
45 SH JP MORGAN CHASE FINANCIAL P 2024-07-24 2025-01-14
50 SH JP MORGAN CHASE FINANCIAL P 2024-05-30 2025-09-02
100 SH BOSTON BEER CO P 2022-04-18 2024-12-20
150 SH BOSTON BEER CO P 2022-01-27 2024-12-20
500 SH SELECT SECTOR SPDR TRIST P 2022-09-26 2024-11-06
200 SH WALT DISNEY CO P 2022-01-27 2024-11-29
68 SH WALT DISNEY CO P 2022-01-24 2024-11-29
1000 SH WAYSTAR HOLDING CORP P 2024-01-18 2024-12-13
500 SH ANHEUSER BUSCH INBEV P 2022-08-03 2025-08-19
500 SH ANHEUSER BUSCH INBEV P 2022-01-28 2025-02-27
200 BIOGEN INC P 2022-09-19 2025-05-13
200 BIOGEN INC P 2022-09-19 2025-05-13
250 SH CHARLES SCHWAB CORP P 2023-03-20 2025-03-25
250 SH CHARLES SCHWAB CORP P 2023-03-20 2025-04-30
500 SH GENERAL MOTORS P 2022-04-27 2025-05-13
500 SH GENERAL MOTORS P 2020-02-27 2025-05-13
150 SH INTERNATIONAL BUSINESS MACHINES P 2020-01-21 2025-08-19
250 SH JOHNSON JOHNSON P 2020-03-02 2025-08-05
100 SH NVIDIA CORP P 2022-05-23 2025-08-19
100 SH NVIDIA CORP P 2022-05-23 2025-05-12
250 SH NVIDIA CORP P 2022-04-27 2025-05-12
250 SH NVIDIA CORP P 2022-04-27 2025-03-25
250 SH SELECT SECTOR SPDR TRIST P 2022-09-26 2025-03-25
40 SH VANGUARD INDEX FUND P 2022-04-28 2025-08-19
1000 SH VERIZON COMMUNICATIONS P 2021-09-24 2025-03-11
500 SH WYN RESORTS LTD P 2022-05-31 2025-05-13
250 SH WYN RESORTS LTD P 2022-04-18 2025-05-13
250 SH WYN RESORTS LTD P 2022-01-28 2025-05-13
750 SH XPO INC COMMON STOCK P 2022-01-27 2025-01-08
117 SH INVESCO PREFERRED P 2023-10-27 2024-10-09
163 SH INVESCO EMERGING MARKETS P 2023-10-27 2024-10-09
16 SH ISHARES TIPS BOND ETF P 2023-10-27 2024-10-09
28 SH ISHARES IBOXX INVESTMENT GRADE P 2023-10-27 2024-10-09
1191 SH ISHARES 20 YEAR TREASURY P 2023-10-27 2024-10-09
57 SH ISHARES MBS ETF P 2023-10-27 2024-10-09
71 SH VANGUARD TOTAL INTERNATIONAL P 2022-10-28 2024-10-09
17 SH VANGUARD INTERMEDIATE TERM P 2022-10-28 2024-10-09
867 SH ISHARES CORE SP US GROWTH P 2022-10-27 2024-10-10
2139 SH ISHARES CORE SP US GROWTH P 2022-10-27 2024-12-04
4517 SH VANGUARD INTL EQTY INDX P 2022-10-27 2024-10-03
2140 SH VANGUARD RUSSELL P 2023-10-23 2024-12-04
4390 SH VANGUARD FTSE DEVELOPED MARKETS P 2022-10-27 2025-03-04
37 SH ISHARES TIPS BOND ETF P 2023-10-27 2025-03-12
338 SH ISHARES 20 YEAR TREASURY P 2023-10-27 2025-03-12
881 SH ISHARES MBS ETF P 2023-10-27 2025-03-12
5112 SH SCHWAB SHORT TERM US TREASURY P 2022-10-28 2025-03-12
76 SH VANGUARD SHORT TERM CORP BOND P 2023-10-27 2025-03-12
44 SH VANGUARD INTERM TERM GOVT P 2023-10-27 2025-03-12
879 SH ISHARES CORE Sp US VALUE P 2022-10-27 2025-03-13
2686 SH VANGUARD FTSE EMERGING MARKETS P 2022-10-27 2025-03-13
2362 SH VANGUARD RUSSELL 2000 P 2023-10-23 2025-03-13
1701 SH ISHARES CORE SP US GROWTH P 2022-10-27 2025-06-04
1259 SH ISHARES CORE SP US GROWTH P 2022-10-27 2025-06-04
505 SH ISHARES CORE SP US GROWTH P 2022-10-27 2025-07-11
977 SH VANGUARD FTSE DEVELOPED MARKETS P 2022-10-27 2025-07-11
679 SH ISHARES CORE SP US GROWTH ETF P 2022-10-27 2025-09-04
628 SH VANGUARD FTSE EMERGING MARKETS ETF P 2022-10-27 2025-09-04
1096 SH VANGUARD RUSSELL 2000 P 2023-10-23 2025-09-04
560 SH ISHARES CORE SP US GROWTH ETF P 2022-10-27 2025-09-29
1021 SH VANGUARD FTSE EMERGING MARKETS ETF P 2022-10-27 2025-09-29
112 SH VANGUARD RUSSELL 2000 P 2023-10-23 2025-09-29
SEC 1256 GAIN FROM K-1 - SHORT TERM PORTION P 2024-01-01 2024-12-31
SEC 1256 GAIN FROM K-1 - LONG TERM PORTION P 2023-01-01 2024-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 26,599   25,952 647
b 26,599   25,552 1,047
c 26,632   22,421 4,211
d 26,632   20,980 5,652
e 25,823   20,980 4,843
27,803   35,667 -7,864
27,998   35,521 -7,523
39,430   31,027 8,403
26,231   24,841 1,390
14,624   14,490 134
14,624   14,470 154
29,968   25,365 4,603
31,438   31,372 66
25,461   26,401 -940
24,870   25,451 -581
24,870   25,005 -135
31,486   21,484 10,002
4,020   6,325 -2,305
16,079   23,721 -7,642
20,099   25,669 -5,570
45,192   47,711 -2,519
11,298   11,799 -501
55,864   41,627 14,237
28,409   24,762 3,647
45,230   30,912 14,318
26,118   31,967 -5,849
39,295   46,725 -7,430
27,676   20,643 7,033
15,528   17,632 -2,104
15,528   17,280 -1,752
32,765   29,349 3,416
44,339   41,370 2,969
30,964   22,347 8,617
20,643   14,110 6,533
55,057   35,274 19,783
47,322   50,485 -3,163
49,241   57,471 -8,230
17,234   20,258 -3,024
28,616   32,360 -3,744
28,616   31,280 -2,664
25,534   48,147 -22,613
21,836   27,267 -5,431
17,469   22,444 -4,975
31,898   29,343 2,555
43,425   60,673 -17,248
30,267   28,906 1,361
60,534   58,408 2,126
40,419   49,854 -9,435
46,614   29,410 17,204
46,347   40,814 5,533
39,736   46,006 -6,270
29,406   44,914 -15,508
29,406   41,420 -12,014
26,597   35,397 -8,800
17,731   23,534 -5,803
8,866   11,522 -2,656
44,401   57,857 -13,456
27,904   29,866 -1,962
27,904   29,914 -2,010
13,952   14,865 -913
45,760   39,344 6,416
43,930   40,319 3,611
43,930   39,692 4,238
40,430   54,465 -14,035
20,215   23,606 -3,391
47,807   20,785 27,022
22,768   24,715 -1,947
45,537   47,042 -1,505
45,537   48,601 -3,064
56,348   34,254 22,094
56,348   34,322 22,026
44,932   32,577 12,355
12,733   14,028 -1,295
38,198   40,812 -2,614
29,518   16,910 12,608
59,036   31,290 27,746
14,759   7,937 6,822
46,336   57,608 -11,272
37,068   45,628 -8,560
9,267   10,282 -1,015
36,079   41,126 -5,047
27,414   28,617 -1,203
54,874   67,966 -13,092
13,718   16,766 -3,048
208   202 6
13,256   14,865 -1,609
53,023   54,311 -1,288
65,583   65,479 104
46,786   52,426 -5,640
23,393   26,791 -3,398
46,786   48,834 -2,048
112,119   110,034 2,085
123,230   106,591 16,639
62,141   39,689 22,452
149,811   140,828 8,983
49,509   37,002 12,507
34,637   34,903 -266
133,866   106,986 26,880
50,000   48,506 1,494
50,000   50,006 -6
25,000   25,006 -6
50,000   49,871 129
40,000   39,706 294
44,994   44,667 327
85,000   85,006 -6
75,000   73,261 1,739
49,994   50,000 -6
99,994   100,000 -6
31,819   25,006 6,813
82,898   83,910 -1,012
45,000   45,005 -5
50,000   49,252 748
30,846   35,473 -4,627
46,269   63,585 -17,316
46,348   34,598 11,750
23,409   27,419 -4,010
7,959   9,058 -1,099
33,868   21,656 12,212
31,155   26,508 4,647
29,886   31,345 -1,459
24,527   41,430 -16,903
24,702   41,430 -16,728
20,239   14,342 5,897
20,112   14,342 5,770
24,865   19,000 5,865
24,865   15,382 9,483
36,390   19,970 16,420
42,839   33,870 8,969
17,826   1,648 16,178
12,167   1,648 10,519
30,417   4,665 25,752
30,202   4,665 25,537
23,343   17,299 6,044
18,320   10,189 8,131
43,460   54,340 -10,880
48,024   33,202 14,822
24,012   18,316 5,696
24,012   20,915 3,097
102,642   30,913 71,729
1,444   1,204 240
3,433   2,891 542
1,747   1,649 98
3,106   2,793 313
112,618   100,151 12,467
5,377   4,942 435
3,544   3,406 138
1,401   1,280 121
115,490   72,749 42,741
303,751   179,482 124,269
219,159   162,928 56,231
208,880   144,099 64,781
223,598   171,386 52,212
4,054   3,812 242
30,375   28,422 1,953
82,045   76,383 5,662
124,014   123,225 789
5,965   5,698 267
2,593   2,492 101
79,125   60,844 18,281
121,377   96,884 24,493
189,428   159,048 30,380
245,055   142,730 102,325
181,072   105,642 75,430
76,437   42,374 34,063
55,508   38,142 17,366
106,889   56,974 49,915
32,112   22,652 9,460
103,830   73,800 30,030
91,695   46,989 44,706
55,134   36,827 18,307
10,933   7,542 3,391
32,486     32,486
48,729     48,729
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       647
b       1,047
c       4,211
d       5,652
e       4,843
      -7,864
      -7,523
      8,403
      1,390
      134
      154
      4,603
      66
      -940
      -581
      -135
      10,002
      -2,305
      -7,642
      -5,570
      -2,519
      -501
      14,237
      3,647
      14,318
      -5,849
      -7,430
      7,033
      -2,104
      -1,752
      3,416
      2,969
      8,617
      6,533
      19,783
      -3,163
      -8,230
      -3,024
      -3,744
      -2,664
      -22,613
      -5,431
      -4,975
      2,555
      -17,248
      1,361
      2,126
      -9,435
      17,204
      5,533
      -6,270
      -15,508
      -12,014
      -8,800
      -5,803
      -2,656
      -13,456
      -1,962
      -2,010
      -913
      6,416
      3,611
      4,238
      -14,035
      -3,391
      27,022
      -1,947
      -1,505
      -3,064
      22,094
      22,026
      12,355
      -1,295
      -2,614
      12,608
      27,746
      6,822
      -11,272
      -8,560
      -1,015
      -5,047
      -1,203
      -13,092
      -3,048
      6
      -1,609
      -1,288
      104
      -5,640
      -3,398
      -2,048
      2,085
      16,639
      22,452
      8,983
      12,507
      -266
      26,880
      1,494
      -6
      -6
      129
      294
      327
      -6
      1,739
      -6
      -6
      6,813
      -1,012
      -5
      748
      -4,627
      -17,316
      11,750
      -4,010
      -1,099
      12,212
      4,647
      -1,459
      -16,903
      -16,728
      5,897
      5,770
      5,865
      9,483
      16,420
      8,969
      16,178
      10,519
      25,752
      25,537
      6,044
      8,131
      -10,880
      14,822
      5,696
      3,097
      71,729
      240
      542
      98
      313
      12,467
      435
      138
      121
      42,741
      124,269
      56,231
      64,781
      52,212
      242
      1,953
      5,662
      789
      267
      101
      18,281
      24,493
      30,380
      102,325
      75,430
      34,063
      17,366
      49,915
      9,460
      30,030
      44,706
      18,307
      3,391
      32,486
      48,729
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,235,668
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -16,410
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 32,701
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 32,701
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 32,701
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 22,500
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 22500 7 22,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 519
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 10,720
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNJ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.thelifoundation.org
14
The books are in care ofright arrowTINA LI Telephone no.right arrow (201) 465-4336

Located atright arrow8 VAN VOOREN DROAKLANDNJ ZIP+4right arrow07436
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SHU-TUNG LI TRUSTEE
040.00 		175,000 881  
644 NAVAHO TRAIL DRIVE
FRANKLIN LAKES,NJ07417
ALICE LI TRUSTEE
005.00 		0    
644 NAVAHO TRAIL DRIVE
FRANKLIN LAKES,NJ07417
TINA LI TRUSTEE
040.00 		144,351 10,679  
295 GLEN PLACE
FRANKLIN LAKES,NJ07417
PEGGY HANSEN TRUSTEE
001.00 		0    
252 7TH AVE UNIT PHW
NEW YORK,NY10001
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
WEI CHANG SCIENTIST
040.00 		101,889 23,623  
20-16 CALYNE DR
FAIR LAWN,NJ07410
NAHID OKANOVIC FACILITY MANAGER
040.00 		104,164 12,193  
295 GLEN PLACE
FRANKLIN LAKES,NJ07417
KEVIN CAPARINO SCIENTIST
040.00 		85,857 27,526  
919 BOULEVARD APT A
NEW MILFORD,NJ07646
DEBBIE YUEN GENERAL MANGER
040.00 		150,000 20,983  
125 OVERLOOK DR
WOODCLIFF LAKE,NJ07677
SHUANHU ZHOU SCIENTIST
040.00 		130,056 6,403  
15 SURREY DR
WAYNE,NJ07470
Total number of other employees paid over $50,000...................right arrow 2
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 THE SHU-TUNG AND ALICE LI FOUNDATION, LABORATORY FOR TISSUE ENGINEERING RESEARCH, IS DEDICATED TO THE RESEARCH AND TRANSLATIONAL DEVELOPMENT OF TISSUE EQUIVALENT PRODUCTS TO ADVANCE REGENERATIVE TREATMENT OF DIFFICULT TO HEAL TISSUES AND ORGANS. 1,561,012
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NONE  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
59,198,052
b
Average of monthly cash balances.......................
1b
496,255
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
59,694,307
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
59,694,307
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
895,415
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
58,798,892
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,939,945
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
0
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment
List of Attached Documents:
// Content
..........
1a
1,561,012
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
299,155
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,860,167
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
1,117,711 988,556 1,213,572 848,315 4,168,154
b 85% (0.85) of line 2a ......... 950,054 840,273 1,031,536 721,068 3,542,931
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		1,860,167 1,492,923 1,302,549 971,014 5,626,653
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		1,860,167 1,492,923 1,302,549 971,014 5,626,653
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 62,920,380 55,977,384 41,050,074 54,217,599 214,165,437
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		1,959,963 1,832,762 1,405,572 1,737,921 6,936,218
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a  
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14   1,571,253
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14   1,235,668
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..     2,806,921
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,806,921
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
4 ALL INVESTMENT INCOME IS ALLOCATED TO THE FOUNDATIONS EXEMPT FUNCTION OF TISSUE ENGINEERING.
8 ALL INVESTMENT INCOME IS ALLOCATED TO THE FOUNDATIONS EXEMPT FUNCTION OF TISSUE ENGINEERING.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24019898
Software Version: 24.0.1.0
Part VI Line 7 - Tax Paid with the Original Return: 22,500


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 15,752 5,513 5,513 7,088

TY 2024 AllOthProgRltdInvestmentsSch
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount
NONE  

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
SEE ATTACHED     512,870     150,592 5,152 5,152  

TY 2024 InvestmentsCorpStockSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Name of Stock End of Year Book Value End of Year Fair Market Value
SECURITIES 45,179,255 62,716,140

TY 2024 LandEtcSchedule2
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
SEE SCHEDULE AND 4562 ATTACHED 1,629,530 663,463 966,067 338,123


TY 2024 LegalFeesSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 43,934     43,934


TY 2024 OtherAssetsSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PATENTS 26,199 24,507 24,507


TY 2024 OtherDecreasesSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Description Amount
ROUNDING 1


TY 2024 OtherExpensesSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE CLEANING AND SUPPLIES 5,035     4,078
OFFICE SUPPLIES EXPENSES 15,159     9,853
REPAIRS AND MAINTENANCE 7,235     5,860
COMPUTER SOFTWARE 480      
WEBSITE AND INTERNET SERVICES 8,015     5,210
SUPPLIES 4,210     2,736
TELEPHONE 6,130     3,984
VIDEO CONFERENCING 226     147
POSTAGE AND MAILING 167     42
INSURANCE 13,254     10,736
LAB SHIPPING AND HANDLING COSTS 116     116
LAB EQUIPMENT RENTALS 5,787     5,787
LAB SAFETY MATERIALS 236     236
LAB SUPPLIES AND RESEARCH MATERIALS 7,920     7,920
LAB RAW MATERIALS 9,529     9,529
LAB SMALL TOLLS 20,081     20,081
LAB CHEMICAL AND MOULD PURCHASES 57,963     57,963
LAB ACCESSORIES 29,159     29,159
LAB PROFESSIONAL MEMBERSHIPS 1,620     1,620
AMORTIZATION 1,962     1,962
UTILITIES 46,440     37,616
CASH REWARDS - CREDIT CARD -5,555     -4,499
MEALS 11,984     7,789
DECOR EXPENSES 11,465     7,453
SECURITY 1,844     1,124
EQUIPMENT RENTAL AND MAINTENANCE 3,660     3,660
TRASH AND RECYCLING 2,621     1,704
SUNDRY EXPENSES 3,942     2,562
GIFTS 1,264      
LAB EQUIPMENT REPAIRS 9,215     9,215
LAB SOFTWARE 320     320
LAB TRAINING AND EDUCATION 3,463     3,463
NJ ANNUAL REPORT 92      
PUBLICATION FEES 8,294     8,294
COMPUTER COSTS AND EXPENSES 2,756     1,791
LANDSCAPING AND SNOW REMOVAL 21,865     17,711
WAREHOUSE EXPENSES 2,412     1,954
CONSULTING FEES 8,820     8,820
DUES 138      


TY 2024 OtherIncomeSchedule2
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SECTION 1231 LOSS FROM PTP K-1 -22 -22  
OTHER INVESTMENT INCOME FROM PTP K-1 -788 -788  


TY 2024 OtherLiabilitiesSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 8,288 113,546
PAYROLL TAXES PAYABLE 911 2,647


TY 2024 OtherProfessionalFeesSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 310,918 310,918 310,918  
RETIREMENT PLAN ACTUARY 2,390     1,723
OTHER PORTFOLIO DEDECTIONS FROM PTP K1 38,062 38,062 38,062  


TY 2024 TaxesSchedule
Name:
SHU-TUNG AND ALICE LI FOUNDATION INC
EIN:
81-4754976
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 91,107 3,121 3,121 65,695
FEDERAL INCOME TAX 40,490 40,490 40,490  
FOREIGN TAXES PAID ON DIVIDENDS 350 350 350