David and Lucy Chang Foundation
David and Lucy Chang Foundation 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 $61K in total assets. In 2024, it awarded 6 grants totaling $40K. Net investment income was $204.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$61K
+60.7% YoY
Annual Giving
$40K
-17.0% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$7K
-72.3% YoY
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.
About David and Lucy Chang Foundation
Based on IRS filings
David and Lucy Chang Foundation 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 $61K in total assets. In 2024, it awarded 6 grants totaling $40K. Net investment income was $204.
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 | $60,642 | $37,731 | $26,068 |
| Revenue | $71,085 | $75,184 | $47,145 |
| Expenses | $48,174 | $63,521 | $72,946 |
| Qualifying Distributions | $48,103 | $59,372 | $70,332 |
| Net Investment Income | $204 | — | — |
| Distributable Amount | $3,410 | $1,799 | $1,201 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 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 Risen King Alliance Church ($25,000), Geneva School of Manhattan ($6,500), Transform Cities Inc ($4,800).
| Recipient | Purpose | Amount |
|---|---|---|
| AXIS COLORADO SPGS, CO | General & Unrestricted | $1,000 |
| CONNECTUP CAMP HILL, PA | General & Unrestricted | $1,000 |
| FLLWSHP OF CHRSTIANS IN UNIVERSITIES & SCHOOLS INC NEW CANAAN, CT | Support for New York City area ministries | $2,000 |
| GENEVA SCHOOL OF MANHATTAN NEW YORK, NY | Charitable Event | $6,500 |
| RISEN KING ALLIANCE CHURCH NEW CITY, NY | General & Unrestricted | $25,000 |
| TRANSFORM CITIES INC NEW YORK, NY | General & Unrestricted | $4,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Chang | Dir, Pres, Sec, Treas | 1 | — |
| Lucy Chang | Dir, VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is David and Lucy Chang Foundation?
David and Lucy Chang Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $61K in total assets as of 2024.
How large is David and Lucy Chang Foundation?
As of 2024, David and Lucy Chang Foundation holds $61K in total assets with $71K in annual revenue. It awarded 6 grants totaling $40K in 2024.
Where does David and Lucy Chang Foundation operate?
David and Lucy Chang Foundation has awarded grants in Colorado, Connecticut, New Jersey, New York, Pennsylvania, Tennessee.
What size grants does David and Lucy Chang Foundation award?
In 2024, David and Lucy Chang Foundation awarded 6 grants totaling $40K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is David and Lucy Chang Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David and Lucy Chang Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in David and Lucy Chang 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.
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