Ac Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CUPERTINO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.2M in total assets. In 2024, it awarded 5 grants totaling $225K. Net investment income was $3.4M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.2M
+50.3% YoY
Annual Giving
$225K
-1.9% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$45K
-1.9% YoY
Under IRS private-foundation payout rules, Ac Foundation reported a distributable amount of $308K for 2024 — the minimum it must pay out in qualifying distributions.
About Ac Foundation
Based on IRS filings
Ac Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CUPERTINO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.2M in total assets. In 2024, it awarded 5 grants totaling $225K. Net investment income was $3.4M.
Focus Areas
Ready to take the next step with Ac Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,157,645 | $5,427,553 | $4,166,136 |
| Revenue | $3,377,471 | $-1,019,058 | $292,943 |
| Expenses | $294,175 | $247,149 | $316,499 |
| Qualifying Distributions | $294,175 | $247,149 | $316,499 |
| Net Investment Income | $3,363,036 | $152,617 | $292,951 |
| Distributable Amount | $307,576 | $252,290 | $257,677 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include West Valley-mission Comm College Di ($200,000), Filoli Historical Heritage ($12,500), International Students Inc ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VALLEY CHURCH CUPERTINO, CA | CHARITY PURPOSE | $2,090 |
| INTERNATIONAL STUDENTS INC SAN JOSE, CA | CHARITY PURPOSE | $9,000 |
| WEST VALLEY-MISSION COMM COLLEGE DI SARATOGA, CA | CHARITY PURPOSE | $200,000 |
| FILOLI HISTORICAL HERITAGE Woodside, CA | CHARITABLE PURPOSE | $12,500 |
| THE CHURCH IN CUPERTINO Cupertino, CA | CHARITY PURPOSE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| YONG JIAN WANG | CEO | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ac Foundation?
Ac Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CUPERTINO, CA. It holds $8.2M in total assets as of 2024.
How large is Ac Foundation?
As of 2024, Ac Foundation holds $8.2M in total assets with $3.4M in annual revenue. It awarded 5 grants totaling $225K in 2024.
Where does Ac Foundation operate?
Ac Foundation has awarded grants in California, Mississippi.
What size grants does Ac Foundation award?
In 2024, Ac Foundation awarded 5 grants totaling $225K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is Ac Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ac Foundation reported a distributable amount of $308K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ac Foundation's EIN?
Ac Foundation's EIN (Employer Identification Number) is 80-0473481. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ac Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Gochnauer Family Foundation
CORONA DEL MAR, CA
Assets
$15.2M
Grants
39
Total Given
$313K
Cottage Health
SANTA BARBARA, CA
Assets
$172.1M
Grants
6
Total Given
$179K
International Right of Way Association
GARDENA, CA
Assets
$5.7M
Grants
1
Total Given
$9K
Quince Interfaith Housing Corporation
LEMON GROVE, CA
Assets
—
Grants
0
Total Given
—
William & Lillian Schwartz Charitable Foundation
LA JOLLA, CA
Assets
$325K
Grants
1
Total Given
$3K
Covia Foundation
GLENDALE, CA
Assets
$15.2M
Grants
1
Total Given
$4.8M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Ac Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Ac Foundation to a real strategy.