Icare Philanthropic Foundation
Icare Philanthropic Foundation is a private foundation based in Arcadia, California. Its 2024 filing reports grants to charitable organizations, all of them in California.
Icare Philanthropic Foundation at a glance
In short: Icare Philanthropic Foundation gave $91K across 32 grants in 2024 (avg $3K), mostly in California. 60% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $90,845
- +58.6% vs 2023
- Grants made (2024)
- 32
- +18.5% vs 2023
- Average grant
- $2,839
- +33.8% vs 2023
- Median grant
- $600
- Total assets
- $1,115,099
- +12.7% vs 2023
- New grantees (estimate)
- 60% first-time grantees (15 of 25, 2024)
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Icare Philanthropic Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 761 Katherine Ln, Arcadia, CA 91006
Phone: (626) 457-7388
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Icare Philanthropic Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Wish of Angels Missions ($35K). Together the top 10 received $78K.
Organizations only. It also paid 7 grants to individuals ($6,950), which are not listed by name.
Grant Size Distribution
155 grants across all recorded years
The most common grant size was under $50K: 154 grants of 155 (99%).
Geographic Focus
Where this funder awards grants
All reported 2024 grant dollars went to recipients in California.
Grant Distribution by State
Share of 2024 grant dollars across all 32 itemized grants.
Cities
Is Icare Philanthropic Foundation open to new grantees?
60%
first-time grantees, 2024
In 2024, 15 of 25 grantees (60%) were first-time recipients. First grants averaged $1K; repeat grants $6K. How we count
Medians: $500 first-time, $600 repeat.
- 28% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 165% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $41K (2020) to $122K (2022). In 2024 it made 32 grants totaling $91K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wish of Angels Missions Arcadia, CA | Charitable Purpose | $35,000 |
| St MARKS LUTHERAN SCHOOL Hacienda Heights, CA | Charitable Purpose | $21,300 |
| Autism Hospitality Fdn Newport Beach, CA | Charitable Purpose | $5,000 |
| Chinese American Professional Associatio Chino Hills, CA | Charitable Purpose | $4,980 |
| CA Yuan Yung Buddhism Center Los Angeles, CA | Charitable Purpose | $3,000 |
| Tzu Chi Foundation San Dimas, CA | Charitable Purpose | $3,000 |
| 7 grants to individuals Recipients not named | — | $6,950 |
| Gfcbwscc San Gabrie, CA | Charitable Purpose | $2,025 |
| HK Schools Alumni Federation Founda Alhambra, CA | Charitable Purpose | $2,000 |
| MP Prajna Buddhist Mission Monterey Park, CA | Charitable Purpose | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,115,099 | $234,999 | $109,146 | $90,845 | 32 | $99,855 | $81,594 | $60,532 |
| 2023 | $989,246 | $-24,003 | $185,660 | $57,270 | 27 | $66,994 | — | $53,373 |
| 2022 | $1,198,909 | $278,416 | $128,286 | $122,270 | 35 | $122,855 | $35,950 | $50,018 |
| 2021 | $1,048,779 | $182,965 | $100,894 | $77,600 | 34 | $81,200 | $35,247 | $51,634 |
| 2020 | $966,708 | $443,185 | $46,875 | $41,373 | 27 | — | $253,130 | $35,529 |
Under IRS private-foundation payout rules, Icare Philanthropic Foundation reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No foundation mission statement is provided. Among its 2024 grantees, Wish of Angel’s Missions says it sponsors educational, medical, and religious programs that help individuals pursue spiritual fulfillment. Morning Light Foundation says it supports educational programs for disadvantaged students. MP Prajna Buddhist Mission says it promotes Chinese culture and opportunities to learn to be good.
Other 2024 grantees describe missions that include supporting a college through advocacy and financial support (an individual recipient Angeles College Foundation), building girls’ courage, confidence, and character (Girl Scouts), and maintaining a Chinese-language and culture school while promoting understanding among ethnic groups (Chinese Club of San Marino).
Grantmaking
In 2024, the foundation reported 32 grants totaling $90,845. Grant amounts ranged from $50 to $35,000, with a median of $600. The largest reported grants included $35,000 to Wish of Angels Missions, $21,300 to St Marks Lutheran School, $5,000 to Autism Hospitality Fdn, and $4,980 to Chinese American Professional Associatio. California Yuan Yung Buddhism Center and Tzu Chi Foundation each received $3,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Sandy Ho as President & CEO, Dianna Chin as Secretary, and Jackson Wu, Joanne Lieu, and Andy Chen as Directors. Kathay Huang is listed as CFO.
Icare Philanthropic Foundation is led by Sandy Ho, President & CEO on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sandy Ho
President & CEO
On filings since 2020
3 hrs/week
No compensation reported
Jackson Wu
Director
On filings since 2020
1 hr/week
No compensation reported
Joanne Lieu
Director
On filings since 2020
1 hr/week
No compensation reported
Andy Chen
Director
On filings since 2022
1 hr/week
No compensation reported
Dianna Chin
Secretary
On filings since 2022
1 hr/week
No compensation reported
Kathay Huang
CFO
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Kaili Chang Wang (2020–2021) — Secretary
Data from IRS Form 990 filings, 2020–2024. "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 Icare Philanthropic Foundation
How much does Icare Philanthropic Foundation give each year?
Icare Philanthropic Foundation gave $91K across 32 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $57K across 27 grants.
What is Icare Philanthropic Foundation's typical grant size?
Icare Philanthropic Foundation's median grant in 2024 was $600, and its average grant was $2,839, across 32 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Icare Philanthropic Foundation that year got $1K on average.
Where does Icare Philanthropic Foundation give grants?
Icare Philanthropic Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Los Angeles, CA (3 grants), Alhambra, CA (3 grants), Arcadia, CA (2 grants) and Hacienda Heights, CA (2 grants).
Who are Icare Philanthropic Foundation's largest grantees?
Icare Philanthropic Foundation's largest 2024 grantees include Wish of Angels Missions ($35,000), St MARKS LUTHERAN SCHOOL ($21,300) and Autism Hospitality Fdn ($5,000), according to its 2024 IRS Form 990-PF. It also paid 7 grants to individuals ($6,950), which are not listed by name. Together they received 67% of its itemized 2024 grant dollars.
How large is Icare Philanthropic Foundation?
Icare Philanthropic Foundation reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $61K (roughly 5% of its investment assets).
What does Icare Philanthropic Foundation fund?
No foundation mission statement is provided. Among its 2024 grantees, Wish of Angel’s Missions says it sponsors educational, medical, and religious programs that help individuals pursue spiritual fulfillment. Morning Light Foundation says it supports educational programs for disadvantaged students. See mission & focus areas ↑
How do I apply for a grant from Icare Philanthropic Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Icare Philanthropic Foundation's EIN?
Icare Philanthropic Foundation's EIN (Employer Identification Number) is 81-3539860. IRS Form 990 filing data is available on this page for 2020–2024.
Does Icare Philanthropic Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Icare Philanthropic Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/icare-philanthropic-foundation-morg_4cd2feafe27f4bd0aac90cdf7a6f7ae5
BibTeX
@misc{grantable_813539860_2026,
author = {{Grantable}},
title = {{Icare Philanthropic Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/icare-philanthropic-foundation-morg_4cd2feafe27f4bd0aac90cdf7a6f7ae5},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Icare Philanthropic Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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