Grace Yang Fong Memorial
Grace Yang Fong Memorial is a private foundation, based in Dallas, TX. IRS filing data is available from 2019 through 2025. In 2025, it awarded 4 grants totaling $310K. Net investment income was $183K.
Key facts about Grace Yang Fong Memorial
In short: Grace Yang Fong Memorial gave $310K across 4 grants in 2025 (avg $78K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- EIN
- 38-3610872
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $310,433
- Grants made (2025)
- 4
- Average grant
- $77,608
- Median grant
- $9,450
- Primary geography
- Ohio (92% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$310K
+2787.7% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$78K
+1343.9% YoY
Under IRS private-foundation payout rules, Grace Yang Fong Memorial reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
How Grace Yang Fong Memorial gives
- Giving grew 3004% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $7K (2023) to $310K (2025). In 2025 it made 4 grants totaling $310K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Fidelity Charitable ($285K). Together the top 4 received $310K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 11 grants of 12 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Cincinnati, OH | Support various charitable organizations. | $284,533 |
| International Institute of St Louis St. Louis, MO | Refugee/Immigrant Support; Assist in transitioning to life in US | $10,900 |
| St Louis Chinese Gospel Church Manchester, MO | General Missons - Promoting the Gospel of Jesus Christ | $8,000 |
| Asian American Baptist Church Richardson, TX | General Missions - Promoting the Gospel of Jesus Christ | $7,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | $116,298 | $131,281 |
| Revenue | $182,926 | $-2,964 | $1,519 |
| Expenses | $312,237 | $12,019 | $8,323 |
| Qualifying Distributions | $310,433 | $10,750 | $7,300 |
| Net Investment Income | $182,926 | $2,868 | $2,041 |
| Distributable Amount | $9,765 | $11,347 | $9,122 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 23, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 11, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 19, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
Grace Yang Fong Memorial is led by Penny Lee, President & Director on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Penny Lee
President & Director
On filings since 2019
2 hrs/week
No compensation reported
Grace Lee
Secretary, Treasurer & Director
Secretary, Tr & Director → Secretary, Treasurer & Director, 2020
On filings since 2019
1 hr/week
No compensation reported
Mark Lee
Vice President & Director
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Grace Yang Fong Memorial
How much does Grace Yang Fong Memorial give each year?
Grace Yang Fong Memorial gave $310K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 2 grants.
What is Grace Yang Fong Memorial's typical grant size?
Grace Yang Fong Memorial's median grant in 2025 was $9,450, and its average grant was $77,608, across 4 grants on its 2025 IRS Form 990-PF.
Where does Grace Yang Fong Memorial give grants?
Grace Yang Fong Memorial gives mostly in Ohio: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Missouri (6%).
Does Grace Yang Fong Memorial give general operating support?
Yes: 50% of Grace Yang Fong Memorial's 2025 grants with a stated purpose (2 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How much is Grace Yang Fong Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Grace Yang Fong Memorial reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Grace Yang Fong Memorial's EIN?
Grace Yang Fong Memorial's EIN (Employer Identification Number) is 38-3610872. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Grace Yang Fong Memorial by hand.
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