DYC Foundation Inc
DYC Foundation Inc. is a Silver Spring, Maryland–based private foundation established in 2014 by Duke and Young Chung. It provides financial assistance and academic scholarships to students who demonstrate financial need and/or have overcome great adversity.
DYC Foundation Inc at a glance
In short: DYC Foundation Inc gave $92K across 20 grants in 2025 (avg $5K), top state Maryland. 22% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $91,982
- +20.6% vs 2024
- Grants made (2025)
- 20
- -9.1% vs 2024
- Average grant
- $4,599
- +32.6% vs 2024
- Median grant
- $1,000
- Total assets
- $1,592,575
- +0.1% vs 2024
- New grantees (estimate)
- 22% first-time grantees (4 of 18, 2025; small sample)
- Primary geography
- Maryland (9% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to DYC Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 2801 Schubert Drive, Silver Spring, MD 20904
Phone: (301) 535-4648
Website: HTTP://WWW.DYCFOUNDATION.ORG/
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who DYC Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Evergreen International Fellowship ($35K). Together the top 10 received $84K.
Organizations only. It also paid 2 grants to individuals ($2,290), which are not listed by name.
Grant Size Distribution
75 grants across all recorded years
The most common grant size was under $50K: 74 grants of 75 (99%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 9% of grant dollars went to recipients in Maryland, 9% to Virginia, 2% to New Jersey, and 1% to Illinois. The state associated with a further 74% is not specified in the filing data provided. The foundation’s website describes scholarship activities in Seoul, South Korea.
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
States
Cities
Is DYC Foundation Inc open to new grantees?
22%
first-time grantees, 2025
In 2025, 4 of 18 grantees (22%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $3K; repeat grants $3K. How we count
Medians: $2K first-time, $1K repeat.
- 78% of 2025 grantees were also funded in 2024. Method
- Giving grew 34% from 2022 to 2025. Method
- In 2025 it paid out 131% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $69K (2022) to $92K (2025). In 2025 it made 20 grants totaling $92K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Evergreen International Fellowship | Scholarships for Seminary Students and EIF Mission Support | $35,000 |
| Soong Sil School | Education scholarship to students from soong sil middle/high school of seoul, south korea. The scholarship was used to provide financial assistance for tuition and related expenses for students demonstrating financial need while attending soong sil middle/high school. | $30,000 |
| Maryland First Baptist Church Dsilver Spring, MD | Mission Support | $6,500 |
| Life Mission Springfield, VA | Mission Support | $3,500 |
| International Mission Board Richmond, VA | Support International Missionaries and the Children They Serve | $3,000 |
| 2 grants to individuals Recipients not named | — | $2,290 |
| America Wheat Mission Inc Saddle Brook, NJ | Student Scholarships | $1,500 |
| Celestina | School Laptop | $1,392 |
| Global Cooperative for Advancement Columbia, MD | Gca is operating a dormitory for girls in the afar tribe where women have poor educational opportunities, and supports kindergarten education for the holistic growth of children. | $1,200 |
| St Jude Children's Research Hospital Arlington, VA | Support children to get the care they need so they can pursue the education they deserve | $1,000 |
Ready to take the next step with DYC Foundation Inc?
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 | $1,592,575 | $107,133 | $105,964 | $91,982 | 20 | $102,176 | $54,363 | $77,889 |
| 2024 | $1,591,406 | $113,357 | $86,029 | $76,300 | 22 | $83,066 | $61,750 | $77,120 |
| 2023 | $1,564,078 | $52,595 | $92,291 | $84,700 | 11 | $86,278 | $50,061 | $80,346 |
| 2022 | $1,603,774 | $11,762 | $71,248 | $68,500 | 10 | $69,928 | $10,442 | $82,153 |
| 2021 | $1,663,260 | $4,749 | $89,568 | $86,951 | 12 | $88,201 | $1,499 | $86,691 |
| 2020 | $1,748,079 | $31,093 | $80,553 | $75,500 | 9 | — | $26,943 | $88,688 |
Under IRS private-foundation payout rules, DYC Foundation Inc reported a distributable amount of $78K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated goal is to provide financial assistance and academic scholarships to students who demonstrate financial need and/or have overcome great adversity. Its College Assistance Program describes comprehensive financial, academic, and personal support for up to six students in foster care, living without parental financial support, or facing other extenuating circumstances. The program is described as partnering with established orphanages, social-care organizations, or church relief programs and covering selected students’ academic and living costs through graduation from an accredited college or university. The website also describes scholarships for students at Soong Sil Middle/High School in Seoul, South Korea, and support for a student through the Oak Tree Project.
The 2025 grants included scholarship and education support, mission support, and other charitable purposes. Examples of grantees’ own stated missions include America Wheat Mission’s work caring for and supporting disabled persons, The Global Orphan Project’s work to break the orphan cycle, and World Vision’s work with children, families, and communities to address poverty and injustice. Other grantees included food organizations: An individual recipient describes its mission as improving equitable access to food and opportunity, while Manna Food Center says it strives to end hunger through education, advocacy, and food distribution.
Grantmaking
In 2025, the foundation made 20 grants totaling $91,982. Grant amounts ranged from $300 to $35,000, with a median grant of $1,000.
The largest reported grants were $35,000 to Evergreen International Fellowship for seminary-student scholarships and mission support, and $30,000 to Soong Sil School for tuition and related expenses for students demonstrating financial need. Other grants included $6,500 to Maryland First Baptist Church for mission support, $3,500 to Life Mission for mission support, and $3,000 to International Mission Board to support international missionaries and the children they serve.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists the following directors: Duke C Chung, Young S Chung, Song Hee Lee, and Jina Chung.
DYC Foundation Inc's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Duke C. Chung
Director
On filings since 2020
3 hrs/week
No compensation reported
Jina Chung
Director
On filings since 2020
1 hr/week
No compensation reported
Song Hee Lee
Director
On filings since 2020
1 hr/week
No compensation reported
Young S. Chung
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 DYC Foundation Inc
How much does DYC Foundation Inc give each year?
DYC Foundation Inc gave $92K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $76K across 22 grants.
What is DYC Foundation Inc's typical grant size?
DYC Foundation Inc's median grant in 2025 was $1,000, and its average grant was $4,599, across 20 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from DYC Foundation Inc that year got $3K on average.
Where does DYC Foundation Inc give grants?
DYC Foundation Inc's top state is Maryland, with 9% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest state was Virginia (9%).
Does DYC Foundation Inc give general operating support?
Occasionally: 5% of DYC Foundation Inc's 2025 grants with a stated purpose (1 of 20) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Mission Support" (3 grants).
Who are DYC Foundation Inc's largest grantees?
DYC Foundation Inc's largest 2025 grantees include Evergreen International Fellowship ($35,000), Soong Sil School ($30,000) and Maryland First Baptist Church ($6,500), according to its 2025 IRS Form 990-PF. It also paid 2 grants to individuals ($2,290), which are not listed by name. Together they received 78% of its itemized 2025 grant dollars.
How large is DYC Foundation Inc?
DYC Foundation Inc reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $78K (roughly 5% of its investment assets).
What does DYC Foundation Inc fund?
The foundation’s stated goal is to provide financial assistance and academic scholarships to students who demonstrate financial need and/or have overcome great adversity. See mission & focus areas ↑
How do I apply for a grant from DYC Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is DYC Foundation Inc's EIN?
DYC Foundation Inc's EIN (Employer Identification Number) is 47-1837787. IRS Form 990 filing data is available on this page for 2020–2025.
Does DYC Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 23, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). DYC Foundation Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/dyc-foundation-inc-morg_b85041d62fe0471cba8cd78b6faddf6e
BibTeX
@misc{grantable_471837787_2026,
author = {{Grantable}},
title = {{DYC Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/dyc-foundation-inc-morg_b85041d62fe0471cba8cd78b6faddf6e},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from DYC Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
DYC Foundation Inc down — hundreds of funders to go?