Chung Family Foundation Ltd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$173K
-2.0% YoY
Annual Giving
$10K
+25.0% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$3K
-16.7% YoY
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.
About Chung Family Foundation Ltd
Based on IRS filings
Chung Family Foundation Ltd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $172,904 | $176,404 | $189,489 |
| Revenue | $6,500 | $-3,654 | $10,097 |
| Expenses | $10,000 | $9,431 | $10,600 |
| Qualifying Distributions | $10,000 | $8,000 | $10,600 |
| Net Investment Income | $3,490 | $5,000 | $8,705 |
| Distributable Amount | $7,737 | $7,681 | $8,162 |
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
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Potomac Presbyterian Church ($6,000), Adventist Healthcare ($3,500), Hermon Presbyterian Church ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVENTIST HEALTHCARE ROCKVILLE, MD | CHARITABLE MEDICAL CARE | $3,500 |
| POTOMAC PRESBYTERIAN CHURCH POTOMAC, MD | CHARITABLE CARE | $6,000 |
| HERMON PRESBYTERIAN CHURCH BETHESDA, MD | CHARITABLE CARE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHAN K CHUNG | PRES/DIR | 0.1 | — |
| EUN H CHUNG | VP/DIR | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Chung Family Foundation Ltd?
Chung Family Foundation Ltd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in POTOMAC, MD. It holds $173K in total assets as of 2024.
How large is Chung Family Foundation Ltd?
As of 2024, Chung Family Foundation Ltd holds $173K in total assets with $7K in annual revenue. It awarded 3 grants totaling $10K in 2024.
Where does Chung Family Foundation Ltd operate?
Chung Family Foundation Ltd has awarded grants in California, District of Columbia, Maryland, New York, South Carolina.
What size grants does Chung Family Foundation Ltd award?
In 2024, Chung Family Foundation Ltd awarded 3 grants totaling $10K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Chung Family Foundation Ltd required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Chung Family Foundation Ltd reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Chung Family Foundation Ltd's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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