Chao and Fong Family Foundation Inc

NEW YORK, NY EIN: 88-2598566

Chao and Fong Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $94K in total assets. In 2024, it awarded 3 grants totaling $12K. Net investment income was $4K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$94K

-60.7% YoY

Annual Giving

$12K

+106.9% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$4K

+37.9% YoY

Under IRS private-foundation payout rules, Chao and Fong Family Foundation Inc reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About Chao and Fong Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $18K (75%)

California $5K (21%)

Connecticut $900 (4%)

States

California Connecticut New York

Cities

New YorkSan FranciscoStamford

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$93,997	$238,880	$115,378
Revenue	$75,653	$152,325	$121,600
Expenses	$13,089	$6,380	$6,222
Qualifying Distributions	$13,089	$6,380	—
Net Investment Income	$3,807	$40,209	—
Distributable Amount	$13,164	$6,419	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Doctors Without Borders ($5,500), International Rescue Committee ($5,500), Carter Burden Luncheon Club ($1,000).

Recipient	Purpose	Amount
CARTER BURDEN LUNCHEON CLUB NEW YORK, NY	SOCIAL SERVICES	$1,000
DOCTORS WITHOUT BORDERS NEW YORK, NY	HUMANITARIAN AID	$5,500
INTERNATIONAL RESCUE COMMITTEE NEW YORK, NY	HUMANITARIAN AID	$5,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROSE CHAO	PRESIDENT	0.5	—
NATHAN CHAO	VICE-PRESIDENT	0.5	—
CHLOE CHAO	TREASURER	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Chao and Fong Family Foundation Inc?

Chao and Fong Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $94K in total assets as of 2024.

How large is Chao and Fong Family Foundation Inc?

As of 2024, Chao and Fong Family Foundation Inc holds $94K in total assets with $76K in annual revenue. It awarded 3 grants totaling $12K in 2024.

Where does Chao and Fong Family Foundation Inc operate?

Chao and Fong Family Foundation Inc has awarded grants in California, Connecticut, New York.

What size grants does Chao and Fong Family Foundation Inc award?

In 2024, Chao and Fong Family Foundation Inc awarded 3 grants totaling $12K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Chao and Fong Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Chao and Fong Family Foundation Inc reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Chao and Fong Family Foundation Inc's EIN?

Chao and Fong Family Foundation Inc's EIN (Employer Identification Number) is 88-2598566. IRS Form 990 filing data is available on this page for 2022–2024.