Leong Man Way Foundation Inc

SAN FRANCISCO, CA EIN: 20-2738913

Leong Man Way Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN FRANCISCO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $100K in total assets. In 2024, it awarded 4 grants totaling $20K. Net investment income was $29K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$100K

+6.3% YoY

Annual Giving

$20K

-56.0% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$5K

-67.0% YoY

Under IRS private-foundation payout rules, Leong Man Way Foundation Inc reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.

About Leong Man Way Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $85K (100%)

States

California

Cities

San Francisco

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$100,109	$94,214	$68,007
Revenue	$28,700	$87,621	$5,235
Expenses	$27,755	$56,023	$28,760
Qualifying Distributions	$20,000	$45,500	$19,007
Net Investment Income	$28,694	$87,600	$5,235
Distributable Amount	$22,459	$19,165	$19,476

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

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include California Bluegrass Association ($5,000), Chinese Hospital Association Foundation ($5,000), Immigrants Rising ($5,000).

Recipient	Purpose	Amount
CALIFORNIA BLUEGRASS ASSOCIATION SAN FRANCISCO, CA	SUPPORT FOR SUPPORT AND RAISE AWARENESS ABOUT ADOPTION THROUGH BLUEGRASS MUSIC.	$5,000
CHINESE HOSPITAL ASSOCIATION FOUNDATION SAN FRANCISCO, CA	COMPASSION FUND	$5,000
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.	$5,000
TROOP 3 BOY SCOUTS OF AMERICA SAN FRANCISCO, CA	PROVIDE SUPPLIES AND FINANCIAL SUPPORT TO IDENTIFIED SCOUTS FOR ACCESS TO OUTDOOR EXCURSION TRIPS	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LANI WAY	PRESIDENT	2	—
CAROLYN HEE	SECRETARY	—	—
ANDREW LEONG	VICE PRESIDENT	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Leong Man Way Foundation Inc?

Leong Man Way Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN FRANCISCO, CA. It holds $100K in total assets as of 2024.

How large is Leong Man Way Foundation Inc?

As of 2024, Leong Man Way Foundation Inc holds $100K in total assets with $29K in annual revenue. It awarded 4 grants totaling $20K in 2024.

Where does Leong Man Way Foundation Inc operate?

Leong Man Way Foundation Inc has awarded grants in California.

What size grants does Leong Man Way Foundation Inc award?

In 2024, Leong Man Way Foundation Inc awarded 4 grants totaling $20K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Leong Man Way Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Leong Man Way Foundation Inc reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.