Chung Foundation is a private foundation focused on Human Services, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $977K in total assets. In 2024, it awarded 8 grants totaling $2.0M. Net investment income was $197K.
Key facts about Chung Foundation
- EIN
- 82-3760826
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,011,500
- Grants made (2024)
- 8
- Average grant
- $251,438
- Median grant
- $39,250
- Total assets
- $977,499
- Primary geography
- Washington (75% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Chung Foundation funds
By grant dollars, the top recipient states for Chung Foundation's 8 itemized 2024 grants were Washington (75%) and District of Columbia (20%). The most frequent recipient cities were Federal Way, WA (2 grants) and Colorado Spgs, CO (2 grants). 38% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$977K
-45.7% YoY
Annual Giving
$2.0M
+264.4% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$251K
+127.8% YoY
Under IRS private-foundation payout rules, Chung Foundation reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.
About Chung Foundation
Based on IRS filings
Chung Foundation is a private foundation focused on Human Services, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $977K in total assets. In 2024, it awarded 8 grants totaling $2.0M. Net investment income was $197K.
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 | $977,499 | $1,801,416 | $1,574,960 |
| Revenue | $1,234,441 | $834,877 | $555,214 |
| Expenses | $2,058,358 | $608,421 | $793,873 |
| Qualifying Distributions | $2,046,719 | $595,587 | $780,503 |
| Net Investment Income | $197,117 | $42,795 | $26,076 |
| Distributable Amount | $76,290 | $91,568 | $81,023 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include World Vision ($1,500,000 across 2 grants), International Justice Mission ($400,000), Childrens Hopechest Inc ($41,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WORLD VISION FEDERAL WAY, WA | Honduras and Asia project | $1,100,000 |
| INTERNATIONAL JUSTICE MISSION WASHINGTON, DC | Northern Triangle fund and general purpose | $400,000 |
| WORLD VISION FEDERAL WAY, WA | Honduras Promesa del Sur Project | $400,000 |
| CHILDRENS HOPECHEST INC PALMER LAKE, CO | Uganda Vocational Training Graduates Start-Up Tools fund | $41,000 |
| NEMA FOUNDATION INC SARASOTA, FL | HHC - Vanguard LoveWorks Fund DAF | $37,500 |
| CASA OF THE PIKES PEAK REGION INC COLORADO SPGS, CO | General & Unrestricted | $25,000 |
| RESOURCE EXCHANGE INTERNATIONAL INC COLORADO SPGS, CO | General & Unrestricted | $5,000 |
| Pine Creek High School COLORADO SPRINGS, CO | To support PCHS Speech & Debate Team | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Caleb Chung | Dir, VP | 1 | — |
| Leisle Chung | Dir, Pres, Sec, Treas | 1 | — |
| Vinh Chung | Dir, VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Chung Foundation?
Chung Foundation is a private foundation focused on Human Services, based in WILMINGTON, DE. It holds $977K in total assets as of 2024.
How large is Chung Foundation?
As of 2024, Chung Foundation holds $977K in total assets with $1.2M in annual revenue. It awarded 8 grants totaling $2.0M in 2024.
Where does Chung Foundation operate?
Chung Foundation has awarded grants in Arkansas, California, Colorado, District of Columbia, Florida, Minnesota, Ohio, Washington.
What size grants does Chung Foundation award?
In 2024, Chung Foundation awarded 8 grants totaling $2.0M — an average of about $251K per grant, based on its IRS Form 990 filings.
How much is Chung Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Chung Foundation reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Chung Foundation's EIN?
Chung Foundation's EIN (Employer Identification Number) is 82-3760826. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Chung Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.