Paylocity founder built a charitable foundation around the values of Baháʼí, a little-known faith from Persia. The organization funded hundreds of nonprofits until it suddenly announced its closure in May. https://t.co/F5nY51WmYY (Photo: Chicago Tribune/Getty Images) https://t.co/vOVWdIN6Bo ...

Paylocity founder built a charitable foundation around the values of Baháʼí, a little-known faith from Persia. The organization funded hundreds of nonprofits until it suddenly announced its closure in May. Read more: https://t.co/66GSJ9q5UO (Photo: Chicago Tribune/Getty Images) https://t.co/7JAqmqxTs1 ...

Paylocity founder built a charitable foundation around the values of Baháʼí, a little-known faith from Persia. The organization funded hundreds of nonprofits until it suddenly announced its closure in May. Read more: https://t.co/fkjlqguj0v (Photo: Chicago Tribune/Getty Images) https://t.co/OehCdAsWI2 ...

Paylocity founder built a charitable foundation around the values of Baháʼí, a little-known faith from Persia. The organization funded hundreds of nonprofits until it suddenly announced its closure in May. Read more: https://t.co/ksIlDsFXA7 (Photo: Chicago Tribune/Getty Images) https://t.co/AggKsQzmwN ...

Paylocity founder built a charitable foundation around the values of Baháʼí, a little-known faith from Persia. The organization funded hundreds of nonprofits until it suddenly announced its closure in May. Read more: https://t.co/M1xYnXJU5I (Photo: Chicago Tribune/Getty Images) https://t.co/w25kTkiDHt ...

Core Insights - Nvidia's stock price surge has significantly increased CEO Jensen Huang's wealth and charitable contributions [2][3] - The Jen-Hsun and Lori Huang Foundation has grown from $828 million to over $9.1 billion in assets over the past five years, making it one of the largest private foundations in the U.S. [3][4] - The foundation's growth is primarily attributed to Nvidia shares donated by Huang, which have appreciated over 16,800% since their initial donation [4][5] Foundation Operations - The foundation is required to distribute at least 5% of its assets annually, leading to an estimated distribution of $369 million in 2025 [5] - As of 2023, the foundation operates without paid staff and lacks a public website, indicating limited operational infrastructure [6] - A significant portion of the foundation's disbursements is directed to donor-advised funds (DAFs), with $46 million allocated to a Schwab DAF in 2023 [7][8] Philanthropic Trends - DAFs are increasingly popular among wealthy donors for their flexibility in tax deductions and donation timing, particularly among younger tech entrepreneurs [8] - The foundation's concentrated position in Nvidia stock raises concerns about risk management, with suggestions for diversification over time [10] - The Huangs continue to contribute to the foundation, with a recent donation of 440,000 Nvidia shares valued at $60 million [10]