Chung Family Foundation Ltd
Chung Family Foundation Ltd is a private foundation, based in Potomac, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $173K in total assets. In 2024, it awarded 3 grants totaling $10K. Net investment income was $3K.
Chung Family Foundation Ltd at a glance
In short: Chung Family Foundation Ltd gave $10K across 3 grants in 2024 (avg $3K), mostly in Maryland. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $10,000
- +25.0% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $3,333
- -16.7% vs 2023
- Median grant
- $3,500
- Total assets
- $172,904
- -2.0% vs 2023
- Primary geography
- Maryland (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 Chung Family Foundation Ltd funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Potomac Presbyterian Church ($6K). Together the top 3 received $10K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Chung Family Foundation Ltd gives
- Giving held roughly steady from 2021 to 2024 (−13%). Method
- In 2024 it paid out 129% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $8K (2023) to $12K (2021). In 2024 it made 3 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Potomac Presbyterian Church Potomac, MD | Charitable Care | $6,000 |
| Adventist Healthcare Rockville, MD | Charitable Medical Care | $3,500 |
| Hermon Presbyterian Church Bethesda, MD | Charitable Care | $500 |
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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 | $172,904 | $6,500 | $10,000 | $10,000 | 3 | $10,000 | $3,490 | $7,737 |
| 2023 | $176,404 | $-3,654 | $9,431 | $8,000 | 2 | $8,000 | $5,000 | $7,681 |
| 2022 | $189,489 | $10,097 | $10,600 | $10,600 | 4 | $10,600 | $8,705 | $8,162 |
| 2021 | $189,992 | $2,294 | $11,500 | $11,500 | 2 | $11,500 | $8,348 | $8,713 |
| 2020 | $199,198 | $1,803 | $13,109 | $10,000 | 3 | — | $3,969 | $8,865 |
Under IRS private-foundation payout rules, Chung Family Foundation Ltd reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Chung Family Foundation Ltd is led by Chan K. Chung, President & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chan K. Chung
President & Director
On filings since 2020
0.1 hrs/week
No compensation reported
Eun H. Chung
Vice President & Director
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Chung Family Foundation Ltd
How much does Chung Family Foundation Ltd give each year?
Chung Family Foundation Ltd gave $10K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8K across 2 grants.
What is Chung Family Foundation Ltd's typical grant size?
Chung Family Foundation Ltd's median grant in 2024 was $3,500, and its average grant was $3,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Chung Family Foundation Ltd give grants?
Chung Family Foundation Ltd gives mostly in Maryland: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Chung Family Foundation Ltd give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Chung Family Foundation Ltd's 2024 IRS Form 990-PF were described as general or operating support.
How large is Chung Family Foundation Ltd?
Chung Family Foundation Ltd reported $173K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is Chung Family Foundation Ltd's EIN?
Chung Family Foundation Ltd's EIN (Employer Identification Number) is 52-1907839. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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