Coleman Fung Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.1M in total assets. In 2024, it awarded 3 grants totaling $500K. Net investment income was $877K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.1M
+2.3% YoY
Annual Giving
$500K
-74.5% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$167K
-66.0% YoY
Under IRS private-foundation payout rules, Coleman Fung Foundation Inc reported a distributable amount of $757K for 2024 — the minimum it must pay out in qualifying distributions.
About Coleman Fung Foundation Inc
Based on IRS filings
Coleman Fung Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.1M in total assets. In 2024, it awarded 3 grants totaling $500K. Net investment income was $877K.
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 | $13,130,633 | $12,834,434 | $13,921,385 |
| Revenue | $915,812 | $972,576 | $399,421 |
| Expenses | $619,613 | $2,059,527 | $1,754,929 |
| Qualifying Distributions | $560,615 | $2,016,028 | $1,720,041 |
| Net Investment Income | $877,114 | $939,477 | $395,483 |
| Distributable Amount | $757,272 | $705,304 | $793,655 |
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
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of California Berkeley Foundation ($250,000), University of California Berkeley Foundation ($200,000), Oakwood University Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OAKWOOD UNIVERSITY INC HUNTSVILLE, AL | Community Health Action Center | $50,000 |
| UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION BERKELEY, CA | Engineering Student Center Expansion and Renovation Fund | $250,000 |
| UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION BERKELEY, CA | The Fung Fellowship at the Fung Institute | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Coleman Fung | Pres, Dir, Sec | 1 | — |
| Kathryn McMorrow | VP | 1 | — |
| Ted Yates | VP | 1 | — |
| Tim Yates | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Coleman Fung Foundation Inc?
Coleman Fung Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $13.1M in total assets as of 2024.
How large is Coleman Fung Foundation Inc?
As of 2024, Coleman Fung Foundation Inc holds $13.1M in total assets with $916K in annual revenue. It awarded 3 grants totaling $500K in 2024.
Where does Coleman Fung Foundation Inc operate?
Coleman Fung Foundation Inc has awarded grants in Alabama, California, District of Columbia, New Jersey, Pennsylvania, Texas.
What size grants does Coleman Fung Foundation Inc award?
In 2024, Coleman Fung Foundation Inc awarded 3 grants totaling $500K — an average of about $167K per grant, based on its IRS Form 990 filings.
How much is Coleman Fung Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Coleman Fung Foundation Inc reported a distributable amount of $757K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Coleman Fung Foundation Inc's EIN?
Coleman Fung Foundation Inc's EIN (Employer Identification Number) is 20-3996786. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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