Kwei Family Foundation Inc
Kwei Family Foundation Inc is a private foundation, based in Cherry Hill, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $618K in total assets. In 2024, it awarded 4 grants totaling $23K. Net investment income was $7K.
Kwei Family Foundation Inc at a glance
In short: Kwei Family Foundation Inc gave $23K across 4 grants in 2024 (avg $6K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $22,600
- +303.6% vs 2023
- Grants made (2024)
- 4
- +100.0% vs 2023
- Average grant
- $5,650
- +101.8% vs 2023
- Median grant
- $5,650
- Total assets
- $618,382
- +17.2% vs 2023
- Primary geography
- New York (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Kwei Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Columbia Univ ($8K). Together the top 4 received $23K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 39 grants of 39 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Kwei Family Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−13%). Method
- In 2024 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $500 (2022) to $26K (2021). In 2024 it made 4 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia Univ New York, NY | Educational | $7,600 |
| Wnet New York, NY | Public Broadcasting | $7,600 |
| Philadelphia Orchestra Association Philadelphia, PA | Arts & Education | $3,700 |
| BalletX Philadelphia, PA | Arts education | $3,700 |
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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 | $618,382 | $36,775 | $24,800 | $22,600 | 4 | $24,600 | $6,775 | $29,600 |
| 2023 | $527,446 | $6,245 | $5,600 | $5,600 | 2 | $5,600 | $6,245 | $24,156 |
| 2022 | $476,140 | $5,621 | $6,100 | $500 | 1 | $6,100 | $5,621 | $22,769 |
| 2021 | $450,232 | $19,774 | $26,096 | $26,096 | 32 | $26,096 | $5,024 | — |
| 2020 | $373,708 | $171,143 | — | — | — | — | $33 | $14,857 |
Under IRS private-foundation payout rules, Kwei Family Foundation Inc reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kwei Family Foundation Inc is led by Carol Levy, President since 2023 (on filings since 2022); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carol Levy
President
Trustee → President, 2023
On filings since 2022
0.1 hrs/week
No compensation reported
Joseph Kwei
CFO
Trustee → CFO, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: Kwei ping Shen Kwei (2020–2023) — Vice President
- Former: Carol Kwei (2020) — Trustee
- Former: Richard Kwei (2020) — Trustee
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 Kwei Family Foundation Inc
How much does Kwei Family Foundation Inc give each year?
Kwei Family Foundation Inc gave $23K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6K across 2 grants.
What is Kwei Family Foundation Inc's typical grant size?
Kwei Family Foundation Inc's median grant in 2024 was $5,650, and its average grant was $5,650, across 4 grants on its 2024 IRS Form 990-PF.
Where does Kwei Family Foundation Inc give grants?
Kwei Family Foundation Inc gives mostly in New York: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (33%). The most frequent recipient cities were New York, NY (2 grants) and Philadelphia, PA (2 grants).
Does Kwei Family Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Kwei Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is Kwei Family Foundation Inc?
Kwei Family Foundation Inc reported $618K in total assets on its 2024 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Kwei Family Foundation Inc's EIN?
Kwei Family Foundation Inc's EIN (Employer Identification Number) is 46-4325055. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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