Chang Foundation
Chang Foundation is a private foundation, based in Wilmette, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $540K in total assets. In 2025, it awarded 5 grants totaling $27K. Net investment income was $20K.
Chang Foundation at a glance
In short: Chang Foundation gave $27K across 5 grants in 2025 (avg $5K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $26,550
- -37.7% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $5,310
- -25.2% vs 2024
- Median grant
- $2,000
- Total assets
- $540,241
- -1.4% vs 2024
- Primary geography
- Michigan (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Chang Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was The University of Michigan ($20K). Together the top 5 received $27K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Chang Foundation gives
- Giving grew 21% from 2022 to 2025. Method
- In 2025 it paid out 68% 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 2019 to 2025, annual grant giving ranged from $22K (2022) to $43K (2024). In 2025 it made 5 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Michigan Ann Arbor, MI | General | $20,000 |
| U Chicago Annual Fund Chicago, IL | General | $3,250 |
| Football Amumni of Michigan Ann Arbor, MI | General | $2,000 |
| Lyrics for Life Newberry, FL | General | $1,000 |
| Midwest Asian Health Association Chicago, IL | General | $300 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $540,241 | $22,324 | $30,050 | $26,550 | 5 | $26,550 | $20,324 | $38,900 |
| 2024 | $547,967 | $22,210 | $42,600 | $42,600 | 6 | $42,600 | $22,210 | $36,139 |
| 2023 | $568,357 | $40,257 | $37,900 | $30,100 | 2 | $31,900 | $26,007 | $31,817 |
| 2022 | $566,000 | $16,553 | $23,677 | $22,000 | 2 | $22,000 | $18,289 | $32,773 |
| 2021 | $573,124 | $364,057 | $31,092 | $30,000 | 1 | — | $362,965 | $28,914 |
| 2020 | $240,159 | $17,665 | $1,841 | — | — | — | $11,912 | $25,700 |
| 2019 | $227,197 | $24,173 | $30,204 | $27,700 | 1 | — | $18,139 | $23,084 |
Under IRS private-foundation payout rules, Chang Foundation reported a distributable amount of $39K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Chang Foundation is led by Hamilton Chang, Director on every filing since 2024 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Hamilton Chang
Director
On filings since 2024
1 hr/week
No compensation reported
Former officers (1)
- Former: Cheng-Yang Chang MD (2019–2023) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Chang Foundation
How much does Chang Foundation give each year?
Chang Foundation gave $27K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $43K across 6 grants.
What is Chang Foundation's typical grant size?
Chang Foundation's median grant in 2025 was $2,000, and its average grant was $5,310, across 5 grants on its 2025 IRS Form 990-PF.
Where does Chang Foundation give grants?
Chang Foundation gives mostly in Michigan: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Illinois (13%). The most frequent recipient cities were Ann Arbor, MI (2 grants) and Chicago, IL (2 grants).
Does Chang Foundation give general operating support?
Yes: 100% of Chang Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Chang Foundation's largest grantees?
Chang Foundation's largest 2025 grantees include The University of Michigan ($20,000), U Chicago Annual Fund ($3,250) and Football Amumni of Michigan ($2,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is Chang Foundation?
Chang Foundation reported $540K in total assets on its 2025 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $39K (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 Chang Foundation's EIN?
Chang Foundation's EIN (Employer Identification Number) is 38-2796315. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 23, 2020)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 7, 2024)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2020–2024
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