Cremona Foundation
Cremona Foundation is a private foundation, based in Palo Alto, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $12.2M in total assets. In 2025, it awarded 7 grants totaling $666K. Net investment income was $1.3M.
Cremona Foundation at a glance
In short: Cremona Foundation gave $666K across 7 grants in 2025 (avg $95K), top state Delaware. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $666,000
- +9.9% vs 2024
- Grants made (2025)
- 7
- -41.7% vs 2024
- Average grant
- $95,143
- +88.4% vs 2024
- Median grant
- $50,000
- Total assets
- $12,166,057
- +5.3% vs 2024
- Primary geography
- Delaware (45% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Cremona Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Lamusa Nonprofit Corporation ($300K). Together the top 7 received $666K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 22 grants of 38 (58%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Cremona Foundation gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 95% 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 2019 to 2025, annual grant giving ranged from $435K (2019) to $741K (2021). In 2025 it made 7 grants totaling $666K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lamusa Nonprofit Corporation Newmark, DE | To Support Arts, Culture and Humanities | $300,000 |
| Myriad USA New York, NY | To Support Philanthropic Giving Overseas | $150,000 |
| UCSF Foundation San Francisco, CA | To support ucsf foundation's mission in advancing health wordwide | $100,000 |
| Let's Win Pancreatic Cancer Foundation New York, NY | To Support Pancreatic Cancer Patients and Their Families | $50,000 |
| The Concert Truck Performing Arts Inc Baltimore, MD | To support the concert truck's mission of strengthening communities by redefining the concert experience and making live music accessible to everyone. | $40,000 |
| Valley of the Moon Music Sonoma, CA | To support classical, romantic and post romantic chamber music on period instruments to audiences and expand horizons of musicians in apprenticeship and laureate programs. | $25,000 |
| Ronald McDonald House Chicago, IL | To create, find, and support programs that directly improve the health and well-being of children and their families | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $12,166,057 | $1,331,720 | $729,309 | $666,000 | 7 | $666,000 | $1,262,861 | $697,541 |
| 2024 | $11,553,646 | $690,490 | $655,514 | $606,000 | 12 | $606,000 | $562,693 | $666,431 |
| 2023 | $11,518,670 | $269,000 | $672,213 | $620,000 | 8 | $620,000 | $176,735 | $607,927 |
| 2022 | $11,921,883 | $294,147 | $725,103 | $660,000 | 7 | $660,000 | $276,818 | $641,147 |
| 2021 | $12,352,839 | $1,515,560 | $798,737 | $741,000 | 4 | $741,000 | $1,460,877 | $757,911 |
| 2020 | $11,636,016 | $481,176 | $711,313 | $665,000 | 2 | — | $425,672 | $658,575 |
| 2019 | $11,866,153 | $636,202 | $489,118 | $435,000 | 4 | — | $572,747 | $635,486 |
Under IRS private-foundation payout rules, Cremona Foundation reported a distributable amount of $698K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Cremona Foundation is led by David Hung, Director & President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
David Hung
Director & President
On filings since 2019
1 hr/week
No compensation reported
Steven Okuhn
Director, Secretary & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Cremona Foundation
How much does Cremona Foundation give each year?
Cremona Foundation gave $666K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $606K across 12 grants.
What is Cremona Foundation's typical grant size?
Cremona Foundation's median grant in 2025 was $50,000, and its average grant was $95,143, across 7 grants on its 2025 IRS Form 990-PF.
Where does Cremona Foundation give grants?
Cremona Foundation's top state is Delaware, with 45% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (30%) and California (19%). The most frequent recipient cities were New York, NY (2 grants).
Does Cremona Foundation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Cremona Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Cremona Foundation's largest grantees?
Cremona Foundation's largest 2025 grantees include Lamusa Nonprofit Corporation ($300,000), Myriad USA ($150,000) and UCSF Foundation ($100,000), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.
How large is Cremona Foundation?
Cremona Foundation reported $12.2M in total assets on its 2025 IRS Form 990-PF. It paid out $666K in qualifying distributions that year, against a required minimum of $698K (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 Cremona Foundation's EIN?
Cremona Foundation's EIN (Employer Identification Number) is 47-4108450. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 25, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS December 23, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2019–2024
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