David and Lucy Chang Foundation
David and Lucy Chang Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $61K in total assets. In 2024, it awarded 6 grants totaling $40K. Net investment income was $204.
David and Lucy Chang Foundation at a glance
In short: David and Lucy Chang Foundation gave $40K across 6 grants in 2024 (avg $7K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,300
- -17.0% vs 2023
- Grants made (2024)
- 6
- +200.0% vs 2023
- Average grant
- $6,717
- -72.3% vs 2023
- Median grant
- $3,400
- Total assets
- $60,642
- +60.7% vs 2023
- Primary geography
- New York (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 David and Lucy Chang Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Risen King Alliance Church ($25K). Together the top 6 received $40K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How David and Lucy Chang Foundation gives
- Giving grew 1004% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 $4K (2021) to $63K (2022). In 2024 it made 6 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Risen King Alliance Church New City, NY | General & Unrestricted | $25,000 |
| Geneva School of Manhattan New York, NY | Charitable Event | $6,500 |
| Transform Cities Inc New York, NY | General & Unrestricted | $4,800 |
| Fllwshp of Chrstians in Universities & Schools Inc New Canaan, CT | Support for New York City area ministries | $2,000 |
| Axis Colorado SPGS, CO | General & Unrestricted | $1,000 |
| Connectup Camp Hill, PA | General & Unrestricted | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $60,642 | $71,085 | $48,174 | $40,300 | 6 | $48,103 | $204 | $3,410 |
| 2023 | $37,731 | $75,184 | $63,521 | $48,580 | 2 | $59,372 | — | $1,799 |
| 2022 | $26,068 | $47,145 | $72,946 | $62,600 | 7 | $70,332 | — | $1,201 |
| 2021 | $51,869 | $31,026 | $8,917 | $3,650 | 1 | $8,779 | $1,016 | $4,938 |
| 2020 | $26,110 | $10,784 | $55,387 | $42,888 | 8 | — | $1,992 | $2,479 |
Under IRS private-foundation payout rules, David and Lucy Chang Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
David and Lucy Chang Foundation is led by David Chang, Director, President, Secretary & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Chang
Director, President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Lucy Chang
Director & 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 David and Lucy Chang Foundation
How much does David and Lucy Chang Foundation give each year?
David and Lucy Chang Foundation gave $40K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $49K across 2 grants.
What is David and Lucy Chang Foundation's typical grant size?
David and Lucy Chang Foundation's median grant in 2024 was $3,400, and its average grant was $6,717, across 6 grants on its 2024 IRS Form 990-PF.
Where does David and Lucy Chang Foundation give grants?
David and Lucy Chang Foundation gives mostly in New York: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (2 grants).
Does David and Lucy Chang Foundation give general operating support?
Yes: 67% of David and Lucy Chang Foundation's 2024 grants with a stated purpose (4 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are David and Lucy Chang Foundation's largest grantees?
David and Lucy Chang Foundation's largest 2024 grantees include Risen King Alliance Church ($25,000), Geneva School of Manhattan ($6,500) and Transform Cities Inc ($4,800), according to its 2024 IRS Form 990-PF. Together they received 90% of its itemized 2024 grant dollars.
How large is David and Lucy Chang Foundation?
David and Lucy Chang Foundation reported $61K in total assets on its 2024 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is David and Lucy Chang Foundation's EIN?
David and Lucy Chang Foundation's EIN (Employer Identification Number) is 81-2431898. 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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