Margaret and Peter Chang Foundation
Margaret and Peter Chang Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 7 grants totaling $128K. Net investment income was $35K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+5.8% YoY
Annual Giving
$128K
+124.6% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$18K
+92.6% YoY
Under IRS private-foundation payout rules, Margaret and Peter Chang Foundation reported a distributable amount of $110K for 2024 — the minimum it must pay out in qualifying distributions.
About Margaret and Peter Chang Foundation
Based on IRS filings
Margaret and Peter Chang Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 7 grants totaling $128K. Net investment income was $35K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,262,545 | $2,137,869 | $2,001,321 |
| Revenue | $28,871 | $31,427 | $194,857 |
| Expenses | $152,119 | $84,447 | $101,411 |
| Qualifying Distributions | $128,050 | $57,000 | $68,500 |
| Net Investment Income | $34,728 | $36,644 | $166,542 |
| Distributable Amount | $110,195 | $101,894 | $101,871 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Open Grants
1 open opportunity from Margaret and Peter Chang Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Children's Specialized Hospital ($30,000), Middlesex College Foundation ($27,800), Child Focus ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Middlesex College Foundation Edison, NJ | Scholarships | $27,800 |
| Imgine Mountainside, NJ | Grief counseling | $22,750 |
| Children's Specialized Hospital Mountainside, NJ | Special Needs Primary Care | $30,000 |
| Summit Speech School New Providence, NJ | Itinerant Main St Support | $5,000 |
| Resolve Community Counseling Scotch Plains, NJ | Counseling | $10,000 |
| Child Focus Elizabeth, NJ | Recruitment Training | $25,000 |
| Overlook Hospital Foundation Summit, NJ | Behavoral Health | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gwyneth B McNabola | Trustee | 2 | — |
| Dorothy M Miller | Secretary/ Trustee | 2 | — |
| Cyrene M Foltz | Treasurer/ Trustee | 4 | — |
| David B Foltz | President/ Trustee | 2 | — |
| Gloria Rahn | Vice President/Trustee | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Margaret and Peter Chang Foundation?
Margaret and Peter Chang Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTFIELD, NJ. It holds $2.3M in total assets as of 2024.
How large is Margaret and Peter Chang Foundation?
As of 2024, Margaret and Peter Chang Foundation holds $2.3M in total assets with $29K in annual revenue. It awarded 7 grants totaling $128K in 2024.
Where does Margaret and Peter Chang Foundation operate?
Margaret and Peter Chang Foundation has awarded grants in New Jersey.
What size grants does Margaret and Peter Chang Foundation award?
In 2024, Margaret and Peter Chang Foundation awarded 7 grants totaling $128K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Margaret and Peter Chang Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Margaret and Peter Chang Foundation reported a distributable amount of $110K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Margaret and Peter Chang Foundation's EIN?
Margaret and Peter Chang Foundation's EIN (Employer Identification Number) is 27-0765348. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Margaret and Peter Chang Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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