Asian Pacific Fund
The Asian Pacific Fund is a 501(c)(3) public charity and community foundation based in San Francisco, California. Established in 1994, the organization is dedicated to uplifting the Bay Area Asian American, Native Hawaiian, and Pacific Islander (AANHPI) community by mobilizing resources and amplifying voices to drive positive change. The organization operates as a grantmaker and manages donor-advised funds, strengthening community organizations and addressing significant funding gaps for AANHPI-serving nonprofits.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.7M
+5.8% YoY
Annual Giving
$1.6M
+4.2% YoY
Grant Count
42
-34.4% YoY
Avg Grant Size
$38K
+58.8% YoY
Mission & Focus Areas
Mission Statement: The organization's mission is to uplift Bay Area Asian Americans, Native Hawaiians, and Pacific Islanders (AANHPIs) by mobilizing resources and amplifying voices to drive positive change and create an inclusive, thriving society.
Primary Focus Areas:
- Senior and youth services
- Health and counseling
- Legal aid
- Advocacy and civic engagement
- Arts and culture
- Leadership development and recognition in higher education and philanthropy
- Scholarship programs for undergraduate and graduate students
The organization addresses a critical funding disparity: while over 32% of the Bay Area's population comprises more than 25 AANHPI ethnic groups, only $0.20 of every $100 of foundation funding is designated to AANHPI communities, and less than 1% of foundation funding goes to organizations serving AANHPIs.
Grantmaking
The organization provides grants to strengthen community organizations serving underserved AANHPIs. Recent activity includes distributing over $1 million to support Bay Area nonprofits serving the AANHPI community.
Grant Types
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Geographic Focus
Where this funder awards grants
The organization primarily funds organizations and initiatives in the Bay Area, with a specific focus on serving Asian American, Native Hawaiian, and Pacific Islander communities in the region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $24,282,548–$24.3 million
- Annual Revenue: $4,929,380
- Total Expenses: $3.2 million
- Total Liabilities: $89,500
As of 2024:
- Total Assets: $25,698,240
Donor-Advised Funds: The organization operates a donor-advised fund through which donors can direct the distribution or investment of funds.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,698,240 | $24,282,548 | $20,898,995 |
| Revenue | $3,649,188 | $4,929,380 | $2,544,907 |
| Expenses | $3,448,378 | $3,200,985 | $4,661,512 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,093,970 | $880,460 | $226,591 |
| Distributable Amount | — | — | — |
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
242 grants across all recorded years
Open Grants
2 open opportunities from Asian Pacific Fund
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
President & Executive Director: Carolyn Wang Kong
Development Director: Gurpreet Tung
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROLYN WANG KONG | PRESIDENT & EXECUTIVE DIRECTOR | 40 | $246,000 |
| GURPREET TUNG | DIRECTOR OF DEVELOPMENT | 40 | $157,154 |
| MARYANN TREBLE | DIRECTOR OF FINANCE & OPERATIONS | 40 | $129,898 |
| TAVAE SAMUELU | DIRECTOR OF COMMUNITY INITIATIVES & GRANTMAKING | 40 | $128,680 |
| TOM COLE | CHAIR | 1.5 | — |
| EMERALD YEH | SECRETARY | 1.5 | — |
| NELSON ISHIYAMA | TREASURER (THROUGH JULY 2024) | 1.5 | — |
| KAI HONG | TREASURER (AS OF AUG 2024) | 1.5 | — |
| NEEL CHATTERJEE | BOARD MEMBER | 0.5 | — |
| ROSALYN CHEN | BOARD MEMBER | 0.5 | — |
| KATHY CHOU | BOARD MEMBER | 0.5 | — |
| RUPAL HOLLENBECK | BOARD MEMBER | 0.5 | — |
| JAN KANG | BOARD MEMBER | 0.5 | — |
| MARGARET LAPIZ | BOARD MEMBER | 0.5 | — |
| MICHELE LAU | BOARD MEMBER | 0.5 | — |
| RAJ MATHAI | BOARD MEMBER | 0.5 | — |
| CARINA RUIZ SINGH | BOARD MEMBER | 0.5 | — |
Recent News & Activity
Recent developments and announcements
**June 2025:** The Asian Pacific Fund hosted the third ACT Fund Convening focused on "Numbers and Narratives"
Chang-Lin Tien Award - Asian Pacific Fund**2024:** Distributed over $1 million to support Bay Area nonprofits serving the AANHPI community
Asian Pacific Fund | Asian Pacific Fund Distributes Over $1 Million to Support**Leadership Transition:** Recent organizational leadership changes and reflections on leadership and community engagement
Contact Information
Address: 345 California Street, Suite 700, San Francisco, CA 94104
Phone: (415) 395-9985
Email: info@asianpacificfund.org
Website: asianpacificfund.org
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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