Gong Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH SALEM, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $27.7M in total assets. In 2024, it awarded 15 grants totaling $5.4M. Net investment income was $788K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27.7M
+447.4% YoY
Annual Giving
$5.4M
+371.9% YoY
Grant Count
15
+200.0% YoY
Avg Grant Size
$362K
+57.3% YoY
Under IRS private-foundation payout rules, Gong Family Foundation reported a distributable amount of $810K for 2024 — the minimum it must pay out in qualifying distributions.
About Gong Family Foundation
Based on IRS filings
Gong Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH SALEM, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $27.7M in total assets. In 2024, it awarded 15 grants totaling $5.4M. Net investment income was $788K.
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 | $27,746,893 | $5,068,980 | $3,166,617 |
| Revenue | $29,351,144 | $65,873 | $537,061 |
| Expenses | $5,504,755 | $1,216,058 | $1,094,611 |
| Qualifying Distributions | $5,424,639 | $1,149,586 | $1,075,000 |
| Net Investment Income | $787,971 | $51,527 | $19,236 |
| Distributable Amount | $810,050 | $256,762 | $267,486 |
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
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Princeton University ($3,000,000), Trellis Foundation ($1,000,000), The Hotchkiss School ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHINESE CULTURAL FOUNDATION NEW YORK, NY | TO SUPPORT THE CHINESE CULTURAL FOUNDATION. | $25,000 |
| CSP NORTH AMERICA GRANT WASHINGTON, DC | TO SUPPORT THE NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS | $50,000 |
| KESEB CO THE FUND FOR CONSTITUTIONAL GOVERNMENT WASHINGTON, DC | TO SUPPORT AN ECOSYSTEM FOR LEARNING, COLLABORATION, AND INNOVATION TO ADVANCE DEMOCRACY. | $50,000 |
| PRINCETON UNIVERSITY PRINCETON, NJ | TO SUPPORT THE GONG *91 BIOENGINEERING POSTDOCTORAL FELLOWS AND GRADUATE FELLOWS FUND | $3,000,000 |
| DOUGHNUT ECONOMICS ACTION LAB | TO SUPPORT CHARITABLE ACTIVITIES OF DONUT ECONOMICS | $50,000 |
| JAGUAR FOUNDATION HUNTINGTON BEACH, CA | TO SUPPORT CHARITABLE ACTIVITIES OF THE JAGUAR FOUNDATION | $50,000 |
| MAX S BAUCUS INSTITUTE MISSOULA, MT | TO SUPPORT CHARITABLE ACTIVITIES OF THE MAX S. BAUCUS INSTITUTE | $80,000 |
| MIT CAMBRIDGE, MA | TO SUPPORT CHARITABLE ACTIVITIES OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY | $250,000 |
| PRIME COALATION CAMBRIDGE, MA | TO SUPPORT CHARITABLE ACTIVITIES OF PRIME COALATION | $100,000 |
| REGENERATIVE ECONOMICS BOULDER, CO | TO SUPPORT CHARITABLE ACTIVITIES OF REGENERATIVE ECONOMICS | $79,564 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HANSON GONG | VICE PRESIDENT/SEC | — | — |
| TIM GONG | PRESIDENT/TRESURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gong Family Foundation?
Gong Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH SALEM, NY. It holds $27.7M in total assets as of 2024.
How large is Gong Family Foundation?
As of 2024, Gong Family Foundation holds $27.7M in total assets with $29.4M in annual revenue. It awarded 15 grants totaling $5.4M in 2024.
Where does Gong Family Foundation operate?
Gong Family Foundation has awarded grants in California, Colorado, Connecticut, District of Columbia, Georgia, Massachusetts, Montana, North Carolina, New Jersey, New York, Texas.
What size grants does Gong Family Foundation award?
In 2024, Gong Family Foundation awarded 15 grants totaling $5.4M — an average of about $362K per grant, based on its IRS Form 990 filings.
How much is Gong Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gong Family Foundation reported a distributable amount of $810K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gong Family Foundation's EIN?
Gong Family Foundation's EIN (Employer Identification Number) is 85-0778984. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gong 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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