Hong Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALO ALTO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $975K in total assets. In 2024, it awarded 5 grants totaling $31K. Net investment income was $27K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$975K
-3.0% YoY
Annual Giving
$31K
-34.7% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$6K
-60.8% YoY
Under IRS private-foundation payout rules, Hong Foundation reported a distributable amount of $51K for 2024 — the minimum it must pay out in qualifying distributions.
About Hong Foundation
Based on IRS filings
Hong Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALO ALTO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $975K in total assets. In 2024, it awarded 5 grants totaling $31K. Net investment income was $27K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $974,938 | $1,005,379 | $902,252 |
| Revenue | $42,988 | $180,380 | $159,280 |
| Expenses | $72,495 | $61,905 | $48,404 |
| Qualifying Distributions | $58,857 | $48,382 | $6,976 |
| Net Investment Income | $26,637 | $18,538 | — |
| Distributable Amount | $50,917 | $49,726 | $48,190 |
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
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hysta-huayuan Science ($10,000), Harvard College ($10,000), Brotherhood Cup Foundation ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIFTH HOME OF CHRIST CHURCH CUPERTINO, CA | CHARITABLE DONATION | $3,200 |
| HYSTA-HUAYUAN SCIENCE San Jose, CA | CHARITABLE DONATION | $10,000 |
| Harvard College Boston, MA | CHARITABLE DONATION | $10,000 |
| Brotherhood Cup Foundation El Monte, CA | CHARITABLE FOUNDATION | $6,000 |
| WeShine Portland, OR | CHARITABLE DONATION | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MIAO HONG | President | 10 | — |
| LEI FU | CFO | 5 | — |
| YUN HONG | CMO | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hong Foundation?
Hong Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALO ALTO, CA. It holds $975K in total assets as of 2024.
How large is Hong Foundation?
As of 2024, Hong Foundation holds $975K in total assets with $43K in annual revenue. It awarded 5 grants totaling $31K in 2024.
Where does Hong Foundation operate?
Hong Foundation has awarded grants in California, Florida, Massachusetts, Oregon.
What size grants does Hong Foundation award?
In 2024, Hong Foundation awarded 5 grants totaling $31K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Hong Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hong Foundation reported a distributable amount of $51K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hong Foundation's EIN?
Hong Foundation's EIN (Employer Identification Number) is 27-2549443. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hong 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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