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        <Desc>Reimagining Entrepreneurship &amp; Innovation for the 21st Centuryon July 22-24, 2025, CAPRI USA Foundation co-hosted a three-day international conference in Copenhagen in partnership with the Center for Asia-Pacific Resilience and Innovation (CAPRI), the University of Virginia, and Copenhagen Business School. The educational program convened researchers, entrepreneurs, policymakers, and business leaders from Asia, Europe, and North America to examine how entrepreneurship and innovation can address global challenges, including artificial intelligence governance, industrial policy, sustainable energy, climate resilience, democratic governance, and inclusive economic development. Through keynote presentations and panel discussions, the conference fostered cross-sector dialogue, promoted international collaboration, and advanced public understanding of policies and practices that support resilient and inclusive innovation ecosystems.</Desc>
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        <Desc>Navigating Turbulent Times: U.S.-China Relations During the Second Trump AdministrationON January 8, 2025, CAPRI USA Foundation co-sponsored an educational policy forum that brought together leading scholars, policymakers, and international affairs experts in Shanghai to examine the evolving U.S.China relationship during the second Trump Administration. The program explored the implications of changing U.S. foreign policy on trade, technology, national security, regional stability, and cross-Strait relations, while discussing strategies for managing geopolitical risks and promoting constructive engagement. Through expert presentations and panel discussions, the forum enhanced public understanding of one of the world's most significant bilateral relationships and fostered informed dialogue among academic, policy, and business communities.</Desc>
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      <InvestmentsPubTradedSecGrp>
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        <EOYAmt>669006</EOYAmt>
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      <LoansFromOfficersDirectorsGrp>
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        <EOYAmt>0</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>137269</BOYAmt>
        <EOYAmt>669006</EOYAmt>
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        <EOYAmt>669006</EOYAmt>
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      <ReconcilationRevenueExpnssAmt>532717</ReconcilationRevenueExpnssAmt>
      <PriorPeriodAdjustmentsAmt>-980</PriorPeriodAdjustmentsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>false</FSAuditedInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
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        <CurrentTaxYearAmt>710000</CurrentTaxYearAmt>
        <TotalAmt>930000</TotalAmt>
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      <TaxRevLeviedOrgnztnlBnft170Grp>
        <TotalAmt>0</TotalAmt>
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      <GovtFurnSrvcFcltsVl170Grp>
        <TotalAmt>0</TotalAmt>
      </GovtFurnSrvcFcltsVl170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus1YearAmt>220000</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>710000</CurrentTaxYearAmt>
        <TotalAmt>930000</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>835576</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>94424</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus1YearAmt>94</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>211</CurrentTaxYearAmt>
        <TotalAmt>305</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <UnrelatedBusinessNetIncm170Grp>
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      <OtherIncome170Grp>
        <TotalAmt>0</TotalAmt>
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      <TotalSupportAmt>930305</TotalSupportAmt>
      <First5Years170Ind>X</First5Years170Ind>
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      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
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        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
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          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <EmployeeCnt>0</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>grantmaking</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>grant to support project</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>135000</RegionTotalExpendituresAmt>
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      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Europe</RegionTxt>
        <OfficesCnt>0</OfficesCnt>
        <EmployeeCnt>0</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>program services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Copenhagen event</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>16896</RegionTotalExpendituresAmt>
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      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>east asia</RegionTxt>
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        <EmployeeCnt>0</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>program services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Events in Taiwan and China</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>12852</RegionTotalExpendituresAmt>
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      <TotalSpentAmt>164748</TotalSpentAmt>
      <GrantsToOrgOutsideUSGrp>
        <RegionTxt>EAST ASIA</RegionTxt>
        <PurposeOfGrantTxt>support project</PurposeOfGrantTxt>
        <CashGrantAmt>135000</CashGrantAmt>
        <MannerOfCashDisbursementTxt>wire transfe</MannerOfCashDisbursementTxt>
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      <TransferToForeignCorpInd>false</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>false</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>false</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>false</ForeignPartnershipInd>
      <BoycottCountriesInd>false</BoycottCountriesInd>
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        <FormAndLineReferenceDesc>Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US</FormAndLineReferenceDesc>
        <ExplanationTxt>CAPRI USA and CAPRI (Taiwan) have a written agreement confirming that the funds are to be used only for charitable and educational purposes consistent with the shared mission of both organizations, including research, policy programs, conferences, and related program activities conducted primarily in Taiwan.CAPRI (Taiwan) maintains accounting records for the use of the grant funds, including invoices, receipts, payment records, and bank/wire transfer records. CAPRI (Taiwan)s use of funds is also reviewed and supervised by its Taiwan accounting firm in accordance with local accounting and reporting requirements.CAPRI USA can receive and review information from CAPRI (Taiwan) regarding the use of the funds when needed.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I, Line 3f - Method of Accounting</FormAndLineReferenceDesc>
        <ExplanationTxt>The organization reports expenditures based on the same method of accounting used for its financial statements. The organization uses the accrual method of accounting.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part II, Line 1 - Method of Accounting</FormAndLineReferenceDesc>
        <ExplanationTxt>The organization reports expenditures based on the same method of accounting used for its financial statements. The organization uses the accrual method of accounting.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>a draft copy of the 990 is provided to all members of the board of directors upon completion. The board of directors will review the 990 for any changes or comments.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>all members of the board of directors and key employees are required to sign and submit to management a conflict of interest statement. management reviews each statement and considers any conflict of interest when engaging in transactions covered by the policy. the organization may enter in transactions in which there is a conflict of interest upon the review and approval of the board of trustees.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>All written requests for the organization's corporate documents, conflict of interest policy and financial statements will be considered.</ExplanationTxt>
      </SupplementalInformationDetail>
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</Return>