M and L Hong Foundation
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.
M and L Hong Foundation at a glance
In short: M and L Hong Foundation gave $2.0M across 6 grants in 2025 (avg $333K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,000,000
- +166.7% vs 2024
- Grants made (2025)
- 6
- +200.0% vs 2024
- Average grant
- $333,333
- -11.1% vs 2024
- Median grant
- $325,000
- Total assets
- $57,679,938
- +5.7% vs 2024
- Primary geography
- California (80% 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 M and L Hong Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Empower Ministry Group ($500K). Together the top 6 received $2.0M.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $462K (2021) to $2.0M (2025). In 2025 it made 6 grants totaling $2.0M.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $57,679,938 | $5,611,389 | $2,499,594 | $2,000,000 | 6 | $2,159,497 | $3,342,333 | $3,251,608 |
| 2024 | $54,570,103 | $2,952,869 | $1,147,844 | $750,000 | 2 | $965,384 | $2,782,913 | $2,929,205 |
| 2023 | $52,764,865 | $52,021,815 | $119,853 | — | — | $91,906 | $458,143 | $407,576 |
| 2022 | $867,826 | $575,630 | $69,953 | — | — | $66,497 | $16,715 | $37,371 |
| 2021 | $362,249 | $48,880 | $471,365 | $461,700 | 2 | $470,486 | $47,837 | $9,057 |
| 2020 | $836,822 | $803,880 | $18,951 | — | — | — | $3,276 | $13,213 |
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.
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
The highest reported compensation on the 2025 filing was $389K, to Bank of America N a (Trustee).
Frequently asked questions about M and L Hong Foundation
How much does M and L Hong Foundation give each year?
M and L Hong Foundation gave $2.0M across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $750K across 2 grants.
What is M and L Hong Foundation's typical grant size?
M and L Hong Foundation's median grant in 2025 was $325,000, and its average grant was $333,333, across 6 grants on its 2025 IRS Form 990-PF.
Where does M and L Hong Foundation give grants?
M and L Hong Foundation gives mostly in California: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Maryland (20%).
Does M and L Hong Foundation give general operating support?
Yes: 100% of M and L Hong Foundation's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are M and L Hong Foundation's largest grantees?
M and L Hong Foundation's largest 2025 grantees include Empower Ministry Group ($500,000), Southeastern California Conference ($500,000) and N American Div of 7TH Day Adventists ($400,000), according to its 2025 IRS Form 990-PF. Together they received 70% of its itemized 2025 grant dollars.
How large is M and L Hong Foundation?
M and L Hong Foundation reported $57.7M in total assets on its 2025 IRS Form 990-PF. It paid out $2.2M in qualifying distributions that year, against a required minimum of $3.3M (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 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.
What is M and L Hong Foundation's EIN?
M and L Hong Foundation's EIN (Employer Identification Number) is 83-6345283. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 25, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work M and L Hong Foundation funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in M and L Hong Foundation's focus areas in our free grants database
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