Chao Suet Foundation
Chao Suet Foundation is a private foundation, based in San Francisco, CA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $549K in total assets. In 2024, it awarded 8 grants totaling $13K. Net investment income was $18K.
Chao Suet Foundation at a glance
In short: Chao Suet Foundation gave $13K across 8 grants in 2024 (avg $2K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,950
- +12.6% vs 2023
- Grants made (2024)
- 8
- +14.3% vs 2023
- Average grant
- $1,619
- -1.5% vs 2023
- Median grant
- $1,375
- Total assets
- $548,838
- +3.0% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Chao Suet Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Chinese Newcomers Services ($3K). Together the top 8 received $13K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
How Chao Suet Foundation gives
- Giving held roughly steady from 2021 to 2024 (−2%). 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 2024, annual grant giving ranged from $8K (2020) to $27K (2019). In 2024 it made 8 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chinese Newcomers Services San Francisco, CA | Newcomers Programs | $3,000 |
| YMCA San Francisco, CA | Program Services | $2,200 |
| Uc Chinese Alumni Fdn San Francisco, CA | Education related contributions | $2,000 |
| Cyc San Francisco, CA | Program Services | $1,750 |
| All SF San Francisco, CA | Program Services | $1,000 |
| Self Help San Mateo, CA | Program Services | $1,000 |
| Chinese Historical Society San Francisco, CA | Program Services | $1,000 |
| On LOK San Francisco, CA | Program Services | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $548,838 | $48,119 | $31,946 | $12,950 | 8 | $25,614 | $18,403 | — |
| 2023 | $532,665 | $17,431 | $25,995 | $11,500 | 7 | $21,164 | $12,600 | — |
| 2022 | $541,229 | $24,376 | $30,130 | $15,000 | 8 | $25,086 | $19,332 | — |
| 2021 | $546,983 | $35,862 | $29,561 | $13,150 | 6 | $24,145 | $30,446 | — |
| 2020 | $540,682 | $11,996 | $29,523 | $8,000 | 3 | — | $4,883 | $24,263 |
| 2019 | $558,209 | $11,066 | $50,611 | $27,300 | 12 | — | $3,315 | $24,175 |
Leadership & Key People
Officers and directors from IRS filings
Chao Suet Foundation is led by Fred Leung, President on the 2024 filing; all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Fred Leung
President
New on the 2024 filing
3 hrs/week
$4K (2024)
Eddie W. Tsang
Secretary
Director → Treasurer, 2021
Treasurer → Secretary, 2024
On filings since 2019
3 hrs/week
$5K (2019) → $4K (2024)
Stephen Loo
Treasurer
President → Treasurer, 2024
On filings since 2022
3 hrs/week
$3K (2022) → $4K (2024)
Former officers (2)
- Former: Wing Y. Leung (2019–2021) — President
- Former: George H. Leung (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to Eddie Tsang (Secretary). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Chao Suet Foundation
How much does Chao Suet Foundation give each year?
Chao Suet Foundation gave $13K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $12K across 7 grants.
What is Chao Suet Foundation's typical grant size?
Chao Suet Foundation's median grant in 2024 was $1,375, and its average grant was $1,619, across 8 grants on its 2024 IRS Form 990-PF.
Where does Chao Suet Foundation give grants?
Chao Suet Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were San Francisco, CA (7 grants).
Does Chao Suet Foundation give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on Chao Suet Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Services" (6 grants).
Who are Chao Suet Foundation's largest grantees?
Chao Suet Foundation's largest 2024 grantees include Chinese Newcomers Services ($3,000), YMCA ($2,200) and Uc Chinese Alumni Fdn ($2,000), according to its 2024 IRS Form 990-PF. Together they received 56% of its itemized 2024 grant dollars.
How large is Chao Suet Foundation?
Chao Suet Foundation reported $549K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $48K.
What is Chao Suet Foundation's EIN?
Chao Suet Foundation's EIN (Employer Identification Number) is 94-3104580. IRS Form 990 filing data is available on this page for 2019–2024.
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 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 29, 2022)
- IRS filings on file for fiscal years 2020–2024
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