Fang Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in BOUNTIFUL, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.8M in total assets. In 2024, it awarded 14 grants totaling $322K. Net investment income was $57K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.8M
+8.9% YoY
Annual Giving
$322K
+61.5% YoY
Grant Count
14
+16.7% YoY
Avg Grant Size
$23K
+38.4% YoY
Under IRS private-foundation payout rules, Fang Family Foundation reported a distributable amount of $320K for 2024 — the minimum it must pay out in qualifying distributions.
About Fang Family Foundation
Based on IRS filings
Fang Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in BOUNTIFUL, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.8M in total assets. In 2024, it awarded 14 grants totaling $322K. Net investment income was $57K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,798,930 | $6,240,525 | $5,391,037 |
| Revenue | $518,225 | $191,768 | $273,140 |
| Expenses | $417,468 | $295,761 | $276,826 |
| Qualifying Distributions | $391,068 | $269,361 | $250,426 |
| Net Investment Income | $56,872 | $40,365 | $23,079 |
| Distributable Amount | $320,306 | $281,869 | $287,083 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hale Centre Theatre ($200,000), Westminister College ($53,125), Claremont McKenna College ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SALT LAKE CHINESE CHOIR WEST VALLEY CITY, UT | CONTRIBUTION | $15,000 |
| WESTMINISTER COLLEGE SALT LAKE CITY, UT | SCHOLARSHIPS | $53,125 |
| Natural History Museum of Utah Salt Lake City, UT | Contribution | $3,500 |
| The Off Broadway Theater Midvale, UT | Contribution | $5,000 |
| Taiwan - TAGSL Association Salt Lake City, UT | Contribution | $1,000 |
| Chinese Society of Utah Salt Lake City, UT | Contribution | $1,000 |
| Salt Lake Rotary Foundation Salt Lake City, UT | Contribution | $7,032 |
| Rowland Hall Salt Lake City, UT | Scholarship | $10,000 |
| Hale Centre Theatre Sandy, UT | Contribution | $200,000 |
| University of Utah Salt Lake City, UT | Contribution | $800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Theresa S Fang | President | 1 | $2,400 |
| Judy Fang | Vice President | 10 | $24,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fang Family Foundation?
Fang Family Foundation is a private foundation focused on Arts, Culture & Humanities, based in BOUNTIFUL, UT. It holds $6.8M in total assets as of 2024.
How large is Fang Family Foundation?
As of 2024, Fang Family Foundation holds $6.8M in total assets with $518K in annual revenue. It awarded 14 grants totaling $322K in 2024.
Where does Fang Family Foundation operate?
Fang Family Foundation has awarded grants in California, Utah, Virginia.
What size grants does Fang Family Foundation award?
In 2024, Fang Family Foundation awarded 14 grants totaling $322K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Fang Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fang Family Foundation reported a distributable amount of $320K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fang Family Foundation's EIN?
Fang Family Foundation's EIN (Employer Identification Number) is 87-0643999. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fang Family 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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