Leong Man Way Foundation Inc
Leong Man Way Foundation Inc is a private foundation, based in San Francisco, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $98K in total assets. In 2025, it awarded 4 grants totaling $22K. Net investment income was $52K.
Leong Man Way Foundation Inc at a glance
In short: Leong Man Way Foundation Inc gave $22K across 4 grants in 2025 (avg $5K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $21,500
- +7.5% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $5,375
- +7.5% vs 2024
- Median grant
- $5,375
- Total assets
- $98,266
- -1.8% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Leong Man Way Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was California Bluegrass Association ($5K). Together the top 4 received $22K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Leong Man Way Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 97% 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 2022 to 2025, annual grant giving ranged from $19K (2022) to $46K (2023). In 2025 it made 4 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| California Bluegrass Association San Francisco, CA | Support for support and raise awareness about adoption through bluegrass music. | $5,375 |
| Chinese Hospital Association Foundation San Francisco, CA | Compassion Fund | $5,375 |
| Immigrants Rising San Francisco, CA | Support to transform the immigrant experience through education and business enterprise. Immigrants rising empowers undocumented young people to achieve educational and career goals through personal, institutional and policy transformation. | $5,375 |
| Troop 3 Boy Scouts of America San Francisco, CA | Provide supplies and financial support to identified scouts for access to outdoor excursion trips | $5,375 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $98,266 | $51,825 | $31,462 | $21,500 | 4 | $21,500 | $51,787 | $22,201 |
| 2024 | $100,109 | $28,700 | $27,755 | $20,000 | 4 | $20,000 | $28,694 | $22,459 |
| 2023 | $94,214 | $87,621 | $56,023 | $45,500 | 3 | $45,500 | $87,600 | $19,165 |
| 2022 | $68,007 | $5,235 | $28,760 | $19,007 | 4 | $19,007 | $5,235 | $19,476 |
| 2021 | $92,891 | $3,521 | $3,441 | — | — | — | $3,521 | $19,007 |
| 2020 | $89,370 | $3,335 | $3,506 | — | — | — | $3,335 | $14,573 |
Under IRS private-foundation payout rules, Leong Man Way Foundation Inc reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Leong Man Way Foundation Inc is led by Lani Way, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lani Way
President
On filings since 2020
2 hrs/week
No compensation reported
Andrew Leong
Vice President
On filings since 2020
No compensation reported
Carolyn Hee
Secretary
On filings since 2020
No compensation reported
Former officers (2)
- Former: Joyce Chen (2020–2023) — Executive Director
- Former: Marty Way (2020–2023) — CFO
Data from IRS Form 990 filings, 2020–2025. "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 Leong Man Way Foundation Inc
How much does Leong Man Way Foundation Inc give each year?
Leong Man Way Foundation Inc gave $22K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 4 grants.
What is Leong Man Way Foundation Inc's typical grant size?
Leong Man Way Foundation Inc's median grant in 2025 was $5,375, and its average grant was $5,375, across 4 grants on its 2025 IRS Form 990-PF.
Where does Leong Man Way Foundation Inc give grants?
Leong Man Way Foundation Inc gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were San Francisco, CA (4 grants).
Does Leong Man Way Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Leong Man Way Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is Leong Man Way Foundation Inc?
Leong Man Way Foundation Inc reported $98K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $22K (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 Leong Man Way Foundation Inc's EIN?
Leong Man Way Foundation Inc's EIN (Employer Identification Number) is 20-2738913. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Leong Man Way Foundation Inc funds
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