Ascending Way Inc
Ascending Way Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Los Altos, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $355K in total assets. In 2024, it awarded 19 grants totaling $51K. Net investment income was $11K.
Key facts about Ascending Way Inc
- EIN
- 81-3901518
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $50,952
- Grants made (2024)
- 19
- Average grant
- $2,682
- Median grant
- $3,000
- New grantees (estimate)
- 63% first-time grantees (12 of 19, 2024)
- Total assets
- $354,710
- Primary geography
- California (27% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Ascending Way Inc funds
By grant dollars, the top recipient states for Ascending Way Inc's 19 itemized 2024 grants were California (27%), Washington (13%) and Virginia (12%). The most frequent recipient cities were San Jose, CA (2 grants). None of its 19 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (18 grants).
Is Ascending Way Inc open to new grantees?
63%
first-time grantees, 2024
In 2024, 12 of 19 grantees (63%) were first-time recipients. First grants averaged $3K; repeat grants $3K. How we count
Medians: $3K first-time, $2K repeat.
- 21% of 2024 grantees were also funded in 2023. Method
- Giving grew 107% from 2021 to 2024. Method
- In 2024 it paid out 147% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Ascending Way Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$355K
-12.1% YoY
Annual Giving
$51K
+342.4% YoY
Grant Count
19
+137.5% YoY
Avg Grant Size
$3K
+86.3% YoY
Under IRS private-foundation payout rules, Ascending Way Inc reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
About Ascending Way Inc
Based on IRS filings
Ascending Way Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Los Altos, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $355K in total assets. In 2024, it awarded 19 grants totaling $51K. Net investment income was $11K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 19 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $354,710 | $403,423 | $403,520 |
| Revenue | $6,342 | $13,242 | $9,739 |
| Expenses | $53,413 | $14,589 | $14,393 |
| Qualifying Distributions | $53,116 | $14,335 | $13,867 |
| Net Investment Income | $10,893 | $10,718 | $9,719 |
| Distributable Amount | $36,012 | $26,148 | $22,908 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include World Vision ($6,795), Abundant Life Christian Fellowship ($5,500), Heart of Hope Asian American Hospice ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| World Vision Auburn, WA | Charitable | $6,795 |
| Abundant Life Christian Fellowship Mountain View, CA | Charitable | $5,500 |
| Heart of Hope Asian American Hospice San Jose, CA | Charitable | $5,000 |
| Samaritan's Purse Boone, NC | Charitable | $5,000 |
| Habitat for Humanity International Americus, GA | Charitable | $3,000 |
| International Association for Refugees Minneapolis, MN | Charitable | $3,000 |
| Mosaic Foundation Omaha, NE | Charitable | $3,000 |
| Prison Fellowship Merrifield, VA | Charitable | $3,000 |
| Stephen's Children Grand Rapids, MI | Charitable | $3,000 |
| HeartCry Missionary Society Radford, VA | Charitable | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Chin-Peng Dow | CEO | 2 | — |
| Anny Dow | Director | 2 | — |
| Ancy Dow | Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ascending Way Inc?
Ascending Way Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Los Altos, CA. It holds $355K in total assets as of 2024.
How large is Ascending Way Inc?
As of 2024, Ascending Way Inc holds $355K in total assets with $6K in annual revenue. It awarded 19 grants totaling $51K in 2024.
Where does Ascending Way Inc operate?
Ascending Way Inc has awarded grants in California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Maryland, Michigan, Minnesota, Mississippi, North Carolina, Nebraska, New York, Texas, Virginia, Washington.
What size grants does Ascending Way Inc award?
In 2024, Ascending Way Inc awarded 19 grants totaling $51K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Ascending Way Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ascending Way Inc reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ascending Way Inc's EIN?
Ascending Way Inc's EIN (Employer Identification Number) is 81-3901518. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.