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.
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
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 |
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 include Wish of Angels Missions ($35,000), St MARKS LUTHERAN SCHOOL ($21,300), Autism Hospitality Fdn ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHINESE AMERICAN PROFESSIONAL ASSOCIATIO CHINO HILLS, CA | CHARITABLE PURPOSE | $4,980 |
| INTERNATIONAL BUDDHIST PROGRESS SOCIETY HACIENDA HEIGHTS, CA | SUPPORT | $200 |
| EAST LOS ANGELES COLLEGE FOUNDATION MONTEREY PARK, CA | Scholarship | $500 |
| MP PRAJNA BUDDHIST MISSION MONTEREY PARK, CA | CHARITABLE PURPOSE | $1,000 |
| WISH OF ANGELS MISSIONS ARCADIA, CA | CHARITABLE PURPOSE | $35,000 |
| NAMO AMITABHA SOCIETY ARCADIA, CA | CHARITABLE PURPOSE | $700 |
| MORNING LIGHT FOUNDATION SAN MARINO, CA | CHARITABLE PURPOSE | $1,000 |
| CA YUAN YUNG BUDDHISM CENTER LOS ANGELES, CA | CHARITABLE PURPOSE | $3,000 |
| BUDDAS PURE LAND ASSOCIATION El Monte, CA | CHARITABLE PURPOSE | $500 |
| CHINESE CLUB OF SAN MARINO SAN MARINO, CA | CHARITABLE PURPOSE | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Icare Philanthropic 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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