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
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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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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