Icare Philanthropic Foundation
Icare Philanthropic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Arcadia, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 32 grants totaling $91K. Net investment income was $82K.
Key facts about Icare Philanthropic Foundation
- EIN
- 81-3539860
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $90,845
- Grants made (2024)
- 32
- Average grant
- $2,839
- Median grant
- $600
- New grantees (estimate)
- 64% first-time grantees (16 of 25, 2024)
- Total assets
- $1,115,099
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Icare Philanthropic Foundation funds
By grant dollars, the top recipient states for Icare Philanthropic Foundation's 32 itemized 2024 grants were California (100%). The most frequent recipient cities were Arcadia, CA (3 grants), Los Angeles, CA (3 grants), Alhambra, CA (3 grants) and El Monte, CA (3 grants). None of its 32 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Purpose" (30 grants).
Is Icare Philanthropic Foundation open to new grantees?
64%
first-time grantees, 2024
In 2024, 16 of 25 grantees (64%) were first-time recipients. First grants averaged $1K; repeat grants $7K. How we count
Medians: $500 first-time, $700 repeat.
- 24% 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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Icare Philanthropic Foundation
- How to evaluate Icare Philanthropic Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+12.7% YoY
Annual Giving
$91K
+58.6% YoY
Grant Count
32
+18.5% YoY
Avg Grant Size
$3K
+33.8% YoY
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.
About Icare Philanthropic Foundation
Based on IRS filings
Icare Philanthropic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Arcadia, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 32 grants totaling $91K. Net investment income was $82K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 32 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,115,099 | $989,246 | $1,198,909 |
| Revenue | $234,999 | $-24,003 | $278,416 |
| Expenses | $109,146 | $185,660 | $128,286 |
| Qualifying Distributions | $99,855 | $66,994 | $122,855 |
| Net Investment Income | $81,594 | — | $35,950 |
| Distributable Amount | $60,532 | $53,373 | $50,018 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
155 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Wish of Angels Missions ($35,000), St MARKS LUTHERAN SCHOOL ($21,300), Autism Hospitality Fdn ($5,000).
| 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 |
| Tammy Wu Orange, CA | CHARITABLE PURPOSE | $3,000 |
| GFCBWSCC San Gabrie, CA | CHARITABLE PURPOSE | $2,025 |
| HK Schools Alumni Federation Founda Alhambra, CA | CHARITABLE PURPOSE | $2,000 |
| Kwok Ching Cheung El Monte, CA | CHARITABLE PURPOSE | $1,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sandy Ho | President & CEO | 3 | — |
| Dianna Chin | Secretary | 1 | — |
| Jackson Wu | Director | 1 | — |
| Joanne Lieu | Director | 1 | — |
| Andy Chen | Director | 1 | — |
| Kathay Huang | CFO | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Icare Philanthropic Foundation?
Icare Philanthropic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Arcadia, CA. It holds $1.1M in total assets as of 2024.
How large is Icare Philanthropic Foundation?
As of 2024, Icare Philanthropic Foundation holds $1.1M in total assets with $235K in annual revenue. It awarded 32 grants totaling $91K in 2024.
Where does Icare Philanthropic Foundation operate?
Icare Philanthropic Foundation has awarded grants in California, District of Columbia, Missouri.
What size grants does Icare Philanthropic Foundation award?
In 2024, Icare Philanthropic Foundation awarded 32 grants totaling $91K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Icare Philanthropic Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Icare Philanthropic Foundation reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.