M and L Hong Foundation

Foundation · Grantmaker Pennington, NJ EIN: 83-6345283

M and L Hong Foundation is a private foundation focused on Human Services, based in Pennington, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $57.7M in total assets. In 2025, it awarded 6 grants totaling $2.0M. Net investment income was $3.3M.

Key facts about M and L Hong Foundation

EIN: 83-6345283
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $2,000,000
Grants made (2025): 6
Average grant: $333,333
Median grant: $325,000
Total assets: $57,679,938
Primary geography: California (80% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Who M and L Hong Foundation funds

By grant dollars, the top recipient states for M and L Hong Foundation's 6 itemized 2025 grants were California (80%) and Maryland (20%). 100% of grants with a stated purpose were for general or operating support.

How M and L Hong Foundation gives

In 2025 it paid out 66% 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.

Next steps with M and L Hong Foundation

How to evaluate M and L Hong Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to M and L Hong Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$57.7M

+5.7% YoY

Annual Giving

$2.0M

+166.7% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$333K

-11.1% YoY

Under IRS private-foundation payout rules, M and L Hong Foundation reported a distributable amount of $3.3M for 2025 — the minimum it must pay out in qualifying distributions.

About M and L Hong Foundation

Based on IRS filings

Focus Areas

Human Services

Your AI grants department

Ready to take the next step with M and L Hong Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $1.6M (80%)

Maryland $400K (20%)

Share of all 6 itemized 2025 grant dollars.

States

California Maryland

Cities

RedlandsRiversideColumbiaIrvineLoma LindaLos AngelesWestlake Village

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$57,679,938	$54,570,103	$52,764,865
Revenue	$5,611,389	$2,952,869	$52,021,815
Expenses	$2,499,594	$1,147,844	$119,853
Qualifying Distributions	$2,159,497	$965,384	$91,906
Net Investment Income	$3,342,333	$2,782,913	$458,143
Distributable Amount	$3,251,608	$2,929,205	$407,576

Data update history

When this profile's IRS filing data changed on Grantable

September 27, 2026 Added Form 990-PF for fiscal year 2019 (received by the IRS June 25, 2020)
September 27, 2026 Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
March 2, 2026 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 6 recipients in 2025

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include Empower Ministry Group ($500,000), Southeastern California Conference ($500,000), N American Div of 7TH Day Adventists ($400,000).

Recipient	Purpose	Amount
EMPOWER MINISTRY GROUP Irvine, CA	UNRESTRICTED GENERAL	$500,000
SOUTHEASTERN CALIFORNIA CONFERENCE Riverside, CA	GENERAL OPERATING	$500,000
N AMERICAN DIV OF 7TH DAY ADVENTISTS Columbia, MD	UNRESTRICTED GENERAL	$400,000
LOMA LINDA KOREAN CHURCH Redlands, CA	GENERAL OPERATING	$250,000
PACIFIC UNION CONFERENCE Westlake Village, CA	UNRESTRICTED GENERAL	$250,000
ADVENTIST HEALTH INTERNATIONAL Loma Linda, CA	UNRESTRICTED GENERAL	$100,000

Leadership & Key People

Officers and directors from IRS filings

M and L Hong Foundation's only listed officer is Bank Of America N A, Trustee on every filing since 2021 (compensated).

Officers on the 2025 filing

Bank Of America N A

Trustee

On filings since 2021

2 hrs/week

$2K (2021) → $389K (2025)

Former officers (2)

Former: Hong Lorrie Y. (2019–2020) — Trustee
Former: Hong Myung K. (2019–2020) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is M and L Hong Foundation?

M and L Hong Foundation is a private foundation focused on Human Services, based in Pennington, NJ. It holds $57.7M in total assets as of 2025.

How large is M and L Hong Foundation?

As of 2025, M and L Hong Foundation holds $57.7M in total assets with $5.6M in annual revenue. It awarded 6 grants totaling $2.0M in 2025.

Where does M and L Hong Foundation operate?

M and L Hong Foundation has awarded grants in California, Maryland.

What size grants does M and L Hong Foundation award?

In 2025, M and L Hong Foundation awarded 6 grants totaling $2.0M — an average of about $333K per grant, based on its IRS Form 990 filings.

How much is M and L Hong Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, M and L Hong Foundation reported a distributable amount of $3.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.