Ac Foundation
Ac Foundation is a private foundation, 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.
Ac Foundation at a glance
In short: Ac Foundation gave $225K across 5 grants in 2024 (avg $45K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $224,590
- -1.9% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $44,918
- -1.9% vs 2023
- Median grant
- $9,000
- Total assets
- $8,157,645
- +50.3% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Ac Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was West Valley-Mission Comm College Di ($200K). Together the top 5 received $225K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 18 grants of 24 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Ac Foundation gives
- Giving held roughly steady from 2021 to 2024 (−6%). Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $225K (2024) to $277K (2022). In 2024 it made 5 grants totaling $225K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| West Valley-Mission Comm College Di Saratoga, CA | Charity Purpose | $200,000 |
| Filoli Historical Heritage Woodside, CA | Charitable Purpose | $12,500 |
| International Students Inc San Jose, CA | Charity Purpose | $9,000 |
| Valley Church Cupertino, CA | Charity Purpose | $2,090 |
| The Church in Cupertino Cupertino, CA | Charity Purpose | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $8,157,645 | $3,377,471 | $294,175 | $224,590 | 5 | $294,175 | $3,363,036 | $307,576 |
| 2023 | $5,427,553 | $-1,019,058 | $247,149 | $229,000 | 5 | $247,149 | $152,617 | $252,290 |
| 2022 | $4,166,136 | $292,943 | $316,499 | $277,419 | 5 | $316,499 | $292,951 | $257,677 |
| 2021 | $6,600,746 | $1,383,686 | $276,289 | $239,438 | 4 | $276,289 | $1,383,686 | $323,869 |
| 2020 | $6,690,593 | $108,286 | $242,136 | $228,250 | 5 | — | $124,411 | $265,105 |
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.
Leadership & Key People
Officers and directors from IRS filings
Ac Foundation is led by Yong Jian Wang, CEO on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Yong Jian Wang
CEO
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ac Foundation
How much does Ac Foundation give each year?
Ac Foundation gave $225K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $229K across 5 grants.
What is Ac Foundation's typical grant size?
Ac Foundation's median grant in 2024 was $9,000, and its average grant was $44,918, across 5 grants on its 2024 IRS Form 990-PF.
Where does Ac Foundation give grants?
Ac Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cupertino, CA (2 grants).
Does Ac Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Ac Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity Purpose" (4 grants).
Who are Ac Foundation's largest grantees?
Ac Foundation's largest 2024 grantees include West Valley-Mission Comm College Di ($200,000), Filoli Historical Heritage ($12,500) and International Students Inc ($9,000), according to its 2024 IRS Form 990-PF. Together they received 99% of its itemized 2024 grant dollars.
How large is Ac Foundation?
Ac Foundation reported $8.2M in total assets on its 2024 IRS Form 990-PF. It paid out $294K in qualifying distributions that year, against a required minimum of $308K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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