Greater Love Foundation

PALOS VERDES ESTATES, CA EIN: 84-3792994

Greater Love Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALOS VERDES ESTATES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 5 grants totaling $618K. Net investment income was $374K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.9M

+38.8% YoY

Annual Giving

$618K

+59.3% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$124K

+27.4% YoY

Under IRS private-foundation payout rules, Greater Love Foundation reported a distributable amount of $181K for 2024 — the minimum it must pay out in qualifying distributions.

About Greater Love Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Greater Love Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $2.0M (97%)

Texas $48K (2%)

Massachusetts $22K (1%)

States

California Massachusetts Texas

Cities

AlhambraGardenaPasadenaRolling Hills EstatesRoxburySan Antonio

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,895,158	$3,526,936	$3,075,699
Revenue	$2,107,805	$596,472	$481,738
Expenses	$667,118	$430,227	$489,273
Qualifying Distributions	$621,614	$395,513	$460,768
Net Investment Income	$373,990	$183,524	$76,550
Distributable Amount	$180,683	$159,079	$156,814

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

18 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Calvary Chapel South Bay ($502,625), Journey House ($40,000), Door of Hope ($33,445).

Recipient	Purpose	Amount
BIBLE STUDY FELLOWSHIP SAN ANTONIO, TX	TO OFFER A PROGRAM SYSTEM OF STRUCTURED BIBLE STUDY.	$12,000
CALVARY CHAPEL SOUTH BAY GARDENA, CA	PAYMENTS TO HELP CHURCH CAMP AND OTHER SUCH ACTIVITIES.	$502,625
JOURNEY HOUSE PASADENA, CA	TO SUPPORT OUTREACH PROGRAMS FOR FORMER FOSTER AND PROBATION YOUTH.	$40,000
DOOR OF HOPE PASADENA, CA	TO HELP AND SUPPORT HOMELESS FAMILY IN THE CHRISTIAN COMMUNITY.	$33,445
CRRS CULTURE REGENERATION RESEARCH SOCIETY USA ALHAMBRA, CA	TO PROMOTE THE CULTURE EXCHANGE AND SUPPORT THE POVERTY RELIEF AND CARING FOR THE UNDERPRIVILEGED.	$30,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LINDSAY TONG	PRESIDENT	1	—
LAUREN TONG	SECRETARY	1	—
STEPHANIE TANG	CFO	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Greater Love Foundation?

Greater Love Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALOS VERDES ESTATES, CA. It holds $4.9M in total assets as of 2024.

How large is Greater Love Foundation?

As of 2024, Greater Love Foundation holds $4.9M in total assets with $2.1M in annual revenue. It awarded 5 grants totaling $618K in 2024.

Where does Greater Love Foundation operate?

Greater Love Foundation has awarded grants in California, Massachusetts, Texas.

What size grants does Greater Love Foundation award?

In 2024, Greater Love Foundation awarded 5 grants totaling $618K — an average of about $124K per grant, based on its IRS Form 990 filings.

How much is Greater Love Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Greater Love Foundation reported a distributable amount of $181K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.