Lam Yau Jong Charitable Foundation
Lam Yau Jong Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Marino, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.7M in total assets. In 2024, it awarded 13 grants totaling $352K. Net investment income was $400K.
Key facts about Lam Yau Jong Charitable Foundation
- EIN
- 02-0649872
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $352,000
- Grants made (2024)
- 13
- Average grant
- $27,077
- Median grant
- $15,000
- New grantees (estimate)
- 8% first-time grantees (1 of 13, 2024)
- Total assets
- $13,732,523
- Primary geography
- California (65% 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 Lam Yau Jong Charitable Foundation funds
By grant dollars, the top recipient states for Lam Yau Jong Charitable Foundation's 13 itemized 2024 grants were California (65%), Alaska (13%) and New York (6%). None of its 13 grants with a stated purpose were described as general or operating support.
Is Lam Yau Jong Charitable Foundation open to new grantees?
8%
first-time grantees, 2024
In 2024, 1 of 13 grantees (8%) were first-time recipients. First grants averaged $10K; repeat grants $29K. How we count
Medians: $10K first-time, $18K repeat.
- 77% of 2024 grantees were also funded in 2023. Method
- Giving grew 23% from 2021 to 2024. Method
- In 2024 it paid out 72% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 Lam Yau Jong Charitable Foundation
- How to evaluate Lam Yau Jong Charitable Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.7M
-0.9% YoY
Annual Giving
$352K
+9.0% YoY
Grant Count
13
-13.3% YoY
Avg Grant Size
$27K
+25.7% YoY
Under IRS private-foundation payout rules, Lam Yau Jong Charitable Foundation reported a distributable amount of $737K for 2024 — the minimum it must pay out in qualifying distributions.
About Lam Yau Jong Charitable Foundation
Based on IRS filings
Lam Yau Jong Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Marino, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.7M in total assets. In 2024, it awarded 13 grants totaling $352K. Net investment income was $400K.
Focus Areas
Ready to take the next step with Lam Yau Jong Charitable Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,732,523 | $13,859,545 | $1,081,843 |
| Revenue | $466,281 | $13,315,671 | $-41,187 |
| Expenses | $593,303 | $537,969 | $460,699 |
| Qualifying Distributions | $527,076 | $484,999 | $430,390 |
| Net Investment Income | $400,066 | $334,685 | $7,227 |
| Distributable Amount | $736,840 | $440,912 | $69,901 |
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
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Center for Marketplace Ministries ($60,000), Iglesia Confraternidad ($51,000), Nour Ministries ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR MARKETPLACE MINISTRIES Claremont, CA | To promote mission and marketplace ministries in China | $60,000 |
| Iglesia Confraternidad Azusa, CA | To promote mission and church ministry locally and in Chile | $51,000 |
| NOUR MINISTRIES Fontana, CA | To promote mission ministry | $50,000 |
| AGAPE EVANGELICAL CHURCH Arcadia, CA | To promote mission and church ministry in Indonesia | $45,000 |
| NTSENTH LOTHA INTERNATIONAL MINISTR Palmer, AK | To promote mission ministry | $45,000 |
| FIRST RESPONDERS CHILDREN'S FOUNDAT New York, NY | To support children mission ministry | $20,000 |
| RIGHTNOW MINISTRIES INTERNATIONAL McKinney, TX | To promote mission and church ministry to the marketplace | $15,000 |
| Iglesia Del Pacto Evangelico Los Angeles, CA | To promote mission and church ministry locally and in Chile | $12,000 |
| Operation Mobilization Tyrone, GA | To support mission ministry | $12,000 |
| THAD'S Culver City, CA | To support seminarian scholarship | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Paul Choi | Treasurer | 5 | $55,000 |
| Linda Chung | Secretary | 1 | — |
| Michael Hsu | Director | 1 | — |
| Keith K Ip | President | 20 | $75,000 |
| Joshua Jokiman | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lam Yau Jong Charitable Foundation?
Lam Yau Jong Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Marino, CA. It holds $13.7M in total assets as of 2024.
How large is Lam Yau Jong Charitable Foundation?
As of 2024, Lam Yau Jong Charitable Foundation holds $13.7M in total assets with $466K in annual revenue. It awarded 13 grants totaling $352K in 2024.
Where does Lam Yau Jong Charitable Foundation operate?
Lam Yau Jong Charitable Foundation has awarded grants in Alaska, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Indiana, New York, Pennsylvania, Texas, Wisconsin.
What size grants does Lam Yau Jong Charitable Foundation award?
In 2024, Lam Yau Jong Charitable Foundation awarded 13 grants totaling $352K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Lam Yau Jong Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lam Yau Jong Charitable Foundation reported a distributable amount of $737K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lam Yau Jong Charitable Foundation's EIN?
Lam Yau Jong Charitable Foundation's EIN (Employer Identification Number) is 02-0649872. 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.