Coleman Fung Foundation Inc
Coleman Fung Foundation Inc is a private foundation, 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.
Coleman Fung Foundation Inc at a glance
In short: Coleman Fung Foundation Inc gave $500K across 3 grants in 2024 (avg $167K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $500,000
- -74.5% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $166,667
- -66.0% vs 2023
- Median grant
- $200,000
- Total assets
- $13,130,633
- +2.3% vs 2023
- Primary geography
- California (90% 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 Coleman Fung Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was University of California Berkeley Foundation ($450K across 2 grants). Together the top 2 received $500K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was in the $100–250K range: 12 grants of 24 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Coleman Fung Foundation Inc gives
- Giving fell 67% from 2021 to 2024. Method
- In 2024 it paid out 74% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $500K (2024) to $2.0M (2023). In 2024 it made 3 grants totaling $500K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| Oakwood University Inc Huntsville, AL | Community Health Action Center | $50,000 |
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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 | $13,130,633 | $915,812 | $619,613 | $500,000 | 3 | $560,615 | $877,114 | $757,272 |
| 2023 | $12,834,434 | $972,576 | $2,059,527 | $1,958,333 | 4 | $2,016,028 | $939,477 | $705,304 |
| 2022 | $13,921,385 | $399,421 | $1,754,929 | $1,658,333 | 4 | $1,720,041 | $395,483 | $793,655 |
| 2021 | $15,276,893 | $331,096 | $1,636,164 | $1,533,333 | 3 | $1,598,709 | $379,508 | $849,633 |
| 2020 | $16,581,961 | $88,933 | $1,325,985 | $1,207,500 | 10 | — | $349,705 | $849,686 |
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.
Leadership & Key People
Officers and directors from IRS filings
Coleman Fung Foundation Inc is led by Coleman Fung, President, Director & Secretary on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Coleman Fung
President, Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Kathryn McMorrow
Vice President
On filings since 2020
1 hr/week
No compensation reported
Ted Yates
Vice President
On filings since 2020
1 hr/week
No compensation reported
Tim Yates
Vice President
On filings since 2020
1 hr/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 Coleman Fung Foundation Inc
How much does Coleman Fung Foundation Inc give each year?
Coleman Fung Foundation Inc gave $500K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.0M across 4 grants.
What is Coleman Fung Foundation Inc's typical grant size?
Coleman Fung Foundation Inc's median grant in 2024 was $200,000, and its average grant was $166,667, across 3 grants on its 2024 IRS Form 990-PF.
Where does Coleman Fung Foundation Inc give grants?
Coleman Fung Foundation Inc gives mostly in California: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Alabama (10%). The most frequent recipient cities were Berkeley, CA (2 grants).
Does Coleman Fung Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Coleman Fung Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is Coleman Fung Foundation Inc?
Coleman Fung Foundation Inc reported $13.1M in total assets on its 2024 IRS Form 990-PF. It paid out $561K in qualifying distributions that year, against a required minimum of $757K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
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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