Ngai Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 9 grants totaling $42K. Net investment income was $71K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+31.5% YoY
Annual Giving
$42K
+45.1% YoY
Grant Count
9
-18.2% YoY
Avg Grant Size
$5K
+77.4% YoY
About Ngai Foundation
Based on IRS filings
Ngai Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 9 grants totaling $42K. Net investment income was $71K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,377,158 | $1,046,951 | $1,102,096 |
| Revenue | $473,591 | $72,171 | $469,107 |
| Expenses | $138,329 | $101,600 | $98,690 |
| Qualifying Distributions | $97,041 | $61,688 | $61,770 |
| Net Investment Income | $70,873 | $43,021 | $55,682 |
| Distributable Amount | $70,238 | $52,176 | $19,491 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MAIHANG NGAI | PRESIDENT | 5 | — |
| HO YING CHOI | DIRECTOR | 2 | — |
| JUN ZHOU | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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