Hsu Hwa Chao Foundation

PENNINGTON, NJ EIN: 33-0591357

Hsu Hwa Chao Foundation is a private foundation, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 4 grants totaling $174K. Net investment income was $195K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.5M

+0.4% YoY

Annual Giving

$174K

-4.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$43K

-4.6% YoY

Under IRS private-foundation payout rules, Hsu Hwa Chao Foundation reported a distributable amount of $190K for 2024 — the minimum it must pay out in qualifying distributions.

About Hsu Hwa Chao Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $711K (82%)

New York $81K (9%)

District of Columbia $35K (4%)

Massachusetts $18K (2%)

Connecticut $10K (1%)

North Carolina $8K (1%)

Maine $250 (0%)

States

California Connecticut District of Columbia Massachusetts Maine North Carolina New York

Cities

Aliso ViejoBostonBurbankCosta MesaIrvineLaguana HillsManhattan BeachNew HavenNew YorkNewport CoastOrangePasadenaRaleighSan FranciscoSanta AnaWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,510,592	$3,498,116	$3,819,865
Revenue	$204,072	$-127,838	$102,331
Expenses	$190,095	$198,047	$274,513
Qualifying Distributions	$179,083	$188,321	$176,086
Net Investment Income	$195,498	$99,139	$94,983
Distributable Amount	$190,032	$177,289	$188,184

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

41 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of California Irvine Fdn ($100,000), Asian American Futures ($67,000), United States Fund for Unicef ($5,000).

Recipient	Purpose	Amount
UNITED STATES FUND FOR UNICEF NEW YORK, NY	UNRESTRICTED GENERAL	$5,000
CHARITABLE VENTURES SANTA ANA, CA	UNRESTRICTED GENERAL	$1,600
ASIAN AMERICAN FUTURES IRVINE, CA	UNRESTRICTED GENERAL	$67,000
UNIVERSITY OF CALIFORNIA IRVINE FDN IRVINE, CA	ENDOWED CHAIR FUND	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PHYLIS Y HSIA	PRESIDENT	1	—
DAVID C HSIA	TREASURER	1	—
SUSAN HSIA LEW	SECRETARY	1	—
DANIEL HSIA	DIRECTOR	1	—

Frequently Asked Questions

How large is Hsu Hwa Chao Foundation?

As of 2024, Hsu Hwa Chao Foundation holds $3.5M in total assets with $204K in annual revenue. It awarded 4 grants totaling $174K in 2024.

Where does Hsu Hwa Chao Foundation operate?

Hsu Hwa Chao Foundation has awarded grants in California, Connecticut, District of Columbia, Massachusetts, Maine, North Carolina, New York.

What size grants does Hsu Hwa Chao Foundation award?

In 2024, Hsu Hwa Chao Foundation awarded 4 grants totaling $174K — an average of about $43K per grant, based on its IRS Form 990 filings.

How much is Hsu Hwa Chao Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hsu Hwa Chao Foundation reported a distributable amount of $190K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.