King & Joy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IRVINE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 10 grants totaling $80K. Net investment income was $33K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
-2.4% YoY
Annual Giving
$80K
+164.9% YoY
Grant Count
10
+11.1% YoY
Avg Grant Size
$8K
+138.4% YoY
Under IRS private-foundation payout rules, King & Joy Foundation reported a distributable amount of $118K for 2024 — the minimum it must pay out in qualifying distributions.
About King & Joy Foundation
Based on IRS filings
King & Joy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IRVINE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 10 grants totaling $80K. Net investment income was $33K.
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 | $1,999,187 | $2,048,259 | $2,052,771 |
| Revenue | $169 | — | $-204,639 |
| Expenses | $81,986 | $31,380 | $167,815 |
| Qualifying Distributions | $81,986 | $31,380 | $167,815 |
| Net Investment Income | $32,744 | $20,984 | $3,061 |
| Distributable Amount | $117,619 | $65,815 | — |
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
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Aurora Care Foundation Inc ($43,000), Newsong Church ($16,000), Evangelical Formosan Church of O C ($11,600).
| Recipient | Purpose | Amount |
|---|---|---|
| CORNELL UNIVERSITY ITHACA, NY | GENERAL FUND | $100 |
| EVANGELICAL FORMOSAN CHURCH OF O C GARDEN GROVE, CA | GENERAL FUND | $11,600 |
| NEWSONG CHURCH SANTA ANA, CA | GENERAL FUND | $16,000 |
| NORTHWOOD HIGH SCHOOL BOOSTERS CLUB IRVINE, CA | GENERAL FUND | $800 |
| ORANGE COUNTY SCHOOL OF ART SANTA ANA, CA | GENERAL FUND | $6,383 |
| AURORA CARE FOUNDATION INC DANVERS, MA | GENERAL FUND | $43,000 |
| FAMILY KEEPERS WALNUT, CA | GENERAL FUND | $500 |
| IRVINE TAIWANESE PRESBYTERIAN CHURC LAGUNA HILLS, CA | GENERAL FUND | $1,000 |
| RED LETTER CHRISTIANS PHILADEPHIA PHILADEPHIA, PA | GENERAL FUND | $310 |
| UC BERKELEY FOUNDATION BERKELEY, CA | GENERAL FUND | $150 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KING LING WONG | President | — | — |
| LEE MIN WONG | Secretary | — | — |
| KEVIN H WONG | Vice President | — | — |
| SUSAN S LAI | Vice President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is King & Joy Foundation?
King & Joy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IRVINE, CA. It holds $2.0M in total assets as of 2024.
How large is King & Joy Foundation?
As of 2024, King & Joy Foundation holds $2.0M in total assets with $169 in annual revenue. It awarded 10 grants totaling $80K in 2024.
Where does King & Joy Foundation operate?
King & Joy Foundation has awarded grants in California, Massachusetts, New York, Pennsylvania, Texas, Washington.
What size grants does King & Joy Foundation award?
In 2024, King & Joy Foundation awarded 10 grants totaling $80K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is King & Joy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, King & Joy Foundation reported a distributable amount of $118K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is King & Joy Foundation's EIN?
King & Joy Foundation's EIN (Employer Identification Number) is 33-0780077. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in King & Joy 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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