Kung Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAS VEGAS, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34K in total assets. In 2024, it awarded 4 grants totaling $18K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34K
-31.0% YoY
Annual Giving
$18K
+25.0% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$4K
-37.5% YoY
Under IRS private-foundation payout rules, Kung Family Foundation Inc reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Kung Family Foundation Inc
Based on IRS filings
Kung Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAS VEGAS, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34K in total assets. In 2024, it awarded 4 grants totaling $18K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,004 | $49,283 | $62,654 |
| Revenue | $13,332 | $2,755 | $1,316 |
| Expenses | $17,746 | $16,126 | $16,727 |
| Qualifying Distributions | $17,708 | $16,126 | $10,093 |
| Net Investment Income | $2,416 | $2,755 | $1,223 |
| Distributable Amount | $2,887 | — | — |
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
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Karen Su ($10,000), White Wings & Silver Strings ($4,000), Alive Coaching Foundation ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALIVE COACHING FOUNDATION LAS VEGAS, NV | PROGRAM SUPPORT | $3,000 |
| WHITE WINGS & SILVER STRINGS RANCHO PALOS VERDES, CA | YOUTH ORCHESTRA | $4,000 |
| KAREN SU | TO SUPPORT THE WINNER OF A PRESTIGIOUS INTERNATIONAL MUSIC COMPETITION FOR FURTHER STUDIES | $10,000 |
| SHEPHERD SCHOOL OF MUSIC RICE UNIVERSITY HOUSTON, TX | SUPPORT FOR THE KUNG WOODWIND MASTER MUSIC CLASS PROGRAM | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AGNES KUNG | PRESIDENT | 1 | — |
| JEN KAI KUNG | SECRETARY | — | — |
| BRIAN KUNG | DIRECTOR | — | — |
| CAROLINE KUNG KOWALSKI | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kung Family Foundation Inc?
Kung Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAS VEGAS, NV. It holds $34K in total assets as of 2024.
How large is Kung Family Foundation Inc?
As of 2024, Kung Family Foundation Inc holds $34K in total assets with $13K in annual revenue. It awarded 4 grants totaling $18K in 2024.
Where does Kung Family Foundation Inc operate?
Kung Family Foundation Inc has awarded grants in California, Nevada, Texas.
What size grants does Kung Family Foundation Inc award?
In 2024, Kung Family Foundation Inc awarded 4 grants totaling $18K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Kung Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kung Family Foundation Inc reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kung Family Foundation Inc's EIN?
Kung Family Foundation Inc's EIN (Employer Identification Number) is 26-1880054. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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