HC Fund
HC Fund is a private foundation, based in Pleasanton, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $993K in total assets. In 2025, it awarded 7 grants totaling $20K. Net investment income was $49K.
HC Fund at a glance
In short: HC Fund gave $20K across 7 grants in 2025 (avg $3K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,200
- +39.2% vs 2024
- Grants made (2025)
- 7
- +16.7% vs 2024
- Average grant
- $2,886
- +19.3% vs 2024
- Median grant
- $2,000
- Total assets
- $992,928
- +4.0% vs 2024
- Primary geography
- California (75% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who HC Fund funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Lighthouse Baptist Church of The East Bay ($9K). Together the top 7 received $20K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How HC Fund gives
- Giving grew 49% from 2022 to 2025. Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $11K (2020) to $20K (2025). In 2025 it made 7 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lighthouse Baptist Church of The East Bay Pleasanton, CA | General Purpose | $9,100 |
| Chinese Independent Baptist Church of Oakland Oakland, CA | General Purpose | $5,000 |
| Httpamoybcorgtw | Church - General Purpose | $2,000 |
| Columbia University New York, NY | General Purpose | $2,000 |
| Bible Study Fellowship San Antonio, TX | General Purpose | $1,000 |
| The Church in Alameda Alameda, CA | General Purpose | $1,000 |
| WRMS Educational Fund San Ramon, CA | General Purpose | $100 |
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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 | $992,928 | $58,973 | $20,974 | $20,200 | 7 | $20,200 | $49,373 | $21,508 |
| 2024 | $954,781 | $36,325 | $15,520 | $14,508 | 6 | $14,508 | $26,725 | $19,255 |
| 2023 | $934,022 | $36,895 | $12,389 | $11,530 | 5 | $11,530 | $27,295 | $15,484 |
| 2022 | $908,966 | $-12,022 | $17,094 | $13,580 | 6 | $13,580 | $4,827 | $20,293 |
| 2021 | $938,750 | $466,144 | $13,849 | $11,800 | 5 | $11,800 | $184,857 | $10,744 |
| 2020 | $486,033 | $201,636 | $11,933 | $11,345 | 4 | — | $101,636 | $3,806 |
Under IRS private-foundation payout rules, HC Fund reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
HC Fund is led by Heman Chow, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Heman Chow
President
On filings since 2020
3 hrs/week
No compensation reported
Vera Chow
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Nancy Chow
Secretary Treasurer
On filings since 2020
2 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 HC Fund
How much does HC Fund give each year?
HC Fund gave $20K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 6 grants.
What is HC Fund's typical grant size?
HC Fund's median grant in 2025 was $2,000, and its average grant was $2,886, across 7 grants on its 2025 IRS Form 990-PF.
Where does HC Fund give grants?
HC Fund gives mostly in California: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (10%).
Does HC Fund give general operating support?
Yes: 100% of HC Fund's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are HC Fund's largest grantees?
HC Fund's largest 2025 grantees include Lighthouse Baptist Church of The East Bay ($9,100), Chinese Independent Baptist Church of Oakland ($5,000) and Httpamoybcorgtw ($2,000), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is HC Fund?
HC Fund reported $993K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is HC Fund's EIN?
HC Fund's EIN (Employer Identification Number) is 82-2579708. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 16, 2026)
- IRS filings on file for fiscal years 2020–2025
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