New Mighty Foundation
New Mighty Foundation is a private foundation, based in Washington, DC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $25.2M in total assets. In 2025, it awarded 2 grants totaling $4.0M. Net investment income was $977K.
New Mighty Foundation at a glance
In short: New Mighty Foundation gave $4.0M across 2 grants in 2025 (avg $2.0M). Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,000,000
- Grants made (2025)
- 2
- Average grant
- $2,000,000
- Median grant
- $2,000,000
- Total assets
- $25,172,926
- -15.8% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who New Mighty Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Chang Gung University ($3.7M). Together the top 2 received $4.0M.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $250–500K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How New Mighty Foundation gives
- In 2025 it paid out 154% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $4.0M (2025) to $5.0M (2020). In 2025 it made 2 grants totaling $4.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chang Gung University | General | $3,740,000 |
| Ming Chi University of Technology | General Fund | $260,000 |
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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 | $25,172,926 | $1,006,765 | $5,744,274 | $4,000,000 | 2 | $4,000,000 | $976,709 | $2,596,201 |
| 2024 | $29,910,436 | $1,067,582 | $3,239,681 | — | — | — | $1,040,286 | $1,509,239 |
| 2023 | $32,082,535 | $1,049,629 | $7,553,417 | — | — | — | $1,017,093 | $1,726,083 |
| 2022 | $38,586,323 | $24,090,146 | $9,028,206 | — | — | — | $220,025 | $1,065,975 |
| 2021 | $23,424,607 | $295,252 | $3,063,189 | — | — | — | $272,137 | $1,279,899 |
| 2020 | $26,290,353 | $530,193 | $7,845,405 | $5,000,000 | 3 | — | $488,755 | $1,468,143 |
| 2019 | $33,605,565 | $879,690 | $2,440,969 | — | — | — | $850,682 | $1,676,507 |
Under IRS private-foundation payout rules, New Mighty Foundation reported a distributable amount of $2.6M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
New Mighty Foundation is led by William H Wong, Director-President since 2022 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
William H Wong
Director-President
Director → Director-President, 2022
On filings since 2019
No compensation reported
Sandy R Y Wang
Director
On filings since 2019
No compensation reported
Susan R H Wang
Director-Secretary Treasurer
Director → Director-Secretary Treasurer, 2022
On filings since 2019
No compensation reported
Wilfred Wang
Director
On filings since 2019
No compensation reported
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.
Frequently asked questions about New Mighty Foundation
How much does New Mighty Foundation give each year?
New Mighty Foundation gave $4.0M across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is New Mighty Foundation?
New Mighty Foundation reported $25.2M in total assets on its 2025 IRS Form 990-PF. It paid out $4.0M in qualifying distributions that year, against a required minimum of $2.6M (roughly 5% of its investment assets).
Where does New Mighty Foundation operate?
New Mighty Foundation has awarded grants in Louisiana, New Jersey, Texas.
What is New Mighty Foundation's EIN?
New Mighty Foundation's EIN (Employer Identification Number) is 20-4282979. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 3, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
Live grants for the work New Mighty Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in New Mighty Foundation's focus areas in our free grants database
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