Chang Foundation

Foundation · Grantmaker Wilmette, IL EIN: 38-2796315

Chang Foundation is a private foundation, based in Wilmette, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $548K in total assets. In 2024, it awarded 6 grants totaling $43K. Net investment income was $22K.

Key facts about Chang Foundation

EIN: 38-2796315
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $42,600
Grants made (2024): 6
Average grant: $7,100
Median grant: $3,050
Total assets: $547,967
Primary geography: Michigan (70% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Chang Foundation funds

By grant dollars, the top recipient states for Chang Foundation's 6 itemized 2024 grants were Michigan (70%) and Illinois (30%). The most frequent recipient cities were Chicago, IL (2 grants). 100% of grants with a stated purpose were for general or operating support.

How Chang Foundation gives

Giving grew 42% from 2021 to 2024. Method
In 2024 it paid out 118% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$548K

-5.3% YoY

Annual Giving

$43K

+111.9% YoY

Grant Count

+500.0% YoY

Avg Grant Size

$7K

-64.7% YoY

Under IRS private-foundation payout rules, Chang Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.

About Chang Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $30K (70%)

Illinois $13K (30%)

Share of all 6 itemized 2024 grant dollars.

States

Illinois Michigan

Cities

Ann ArborChicagoKenilworthNorthbrookVernon Hills

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$547,967	$578,357	$566,000
Revenue	$22,210	$40,257	$16,553
Expenses	$42,600	$27,900	$23,677
Qualifying Distributions	$42,600	$21,900	$22,000
Net Investment Income	$22,210	$26,007	$18,289
Distributable Amount	$36,139	$31,817	$32,773

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 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 6 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include The University of Michigan ($30,000), U Chicago Annual Fund ($5,000), Kenilworth Union Church ($5,000).

Recipient	Purpose	Amount
THE UNIVERSITY OF MICHIGAN Ann Arbor, MI	GENERAL	$30,000
U CHICAGO ANNUAL FUND Chicago, IL	GENERAL	$5,000
KENILWORTH UNION CHURCH Kenilworth, IL	GENERAL	$5,000
COVE SCHOOL Northbrook, IL	GENERAL	$1,100
NORTH EASTERN ILLINOIS COUNCIL Vernon Hills, IL	GENERAL	$1,000
UNIVERSITY OF CHICAGO CANCER RESEAR Chicago, IL	GENERAL	$500

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
Hamilton Chang	Director	1	—

Frequently Asked Questions

How large is Chang Foundation?

As of 2024, Chang Foundation holds $548K in total assets with $22K in annual revenue. It awarded 6 grants totaling $43K in 2024.

Where does Chang Foundation operate?

Chang Foundation has awarded grants in Illinois, Michigan.

What size grants does Chang Foundation award?

In 2024, Chang Foundation awarded 6 grants totaling $43K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Chang Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Chang Foundation reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.