Ngai Foundation
Ngai Foundation is a private foundation, 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.
Ngai Foundation at a glance
In short: Ngai Foundation gave $42K across 9 grants in 2024 (avg $5K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $41,938
- +45.1% vs 2023
- Grants made (2024)
- 9
- -18.2% vs 2023
- Average grant
- $4,660
- +77.4% vs 2023
- Median grant
- $1,000
- Total assets
- $1,377,158
- +31.5% vs 2023
- Primary geography
- Illinois (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Ngai Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Casl ($30K). Together the top 8 received $42K.
Grant Size Distribution
57 grants across all recorded years
The most common grant size was under $50K: 57 grants of 57 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Ngai Foundation gives
- Giving grew 264% from 2021 to 2024. Method
- In 2024 it paid out 138% 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 2024, annual grant giving ranged from $5K (2020) to $42K (2024). In 2024 it made 9 grants totaling $42K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Casl Chicago, IL | Donation | $30,088 |
| Sacred Heat Schools Chicago, IL | Donation | $6,000 |
| Misericordia Chicago, IL | Donation | $1,036 |
| Assumption Church Chicago, IL | Donation | $1,035 |
| Assumption Church Chicago, IL | Donation | $1,000 |
| Archdiocese of Chicagp Chicago, IL | Donation | $1,000 |
| Cornel Lab of Orthithology Ithaca, NY | Donation | $829 |
| Stigna Chicago, IL | Donation | $500 |
| Shedd Aquarimu Chicago, IL | Donation | $450 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,377,158 | $473,591 | $138,329 | $41,938 | 9 | $97,041 | $70,873 | $70,238 |
| 2023 | $1,046,951 | $72,171 | $101,600 | $28,901 | 11 | $61,688 | $43,021 | $52,176 |
| 2022 | $1,102,096 | $469,107 | $98,690 | $30,466 | 21 | $61,770 | $55,682 | $19,491 |
| 2021 | $729,862 | $217,017 | $53,045 | $11,512 | 11 | $45,624 | — | $17,679 |
| 2020 | $573,379 | $189,801 | $50,526 | $5,345 | 5 | — | — | — |
Under IRS private-foundation payout rules, Ngai Foundation reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ngai Foundation is led by Maihang Ngai, President on the 2024 filing; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Maihang Ngai
President
New on the 2024 filing
5 hrs/week
No compensation reported
Ho Ying Choi
Director
On filings since 2020
2 hrs/week
No compensation reported
Jun Zhou
Director
On filings since 2020
5 hrs/week
No compensation reported
Former officers (1)
- Former: Mai Huang Ngai (2020–2023) — President
Data from IRS Form 990 filings, 2020–2024. "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 Ngai Foundation
How much does Ngai Foundation give each year?
Ngai Foundation gave $42K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $29K across 11 grants.
What is Ngai Foundation's typical grant size?
Ngai Foundation's median grant in 2024 was $1,000, and its average grant was $4,660, across 9 grants on its 2024 IRS Form 990-PF.
Where does Ngai Foundation give grants?
Ngai Foundation gives mostly in Illinois: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (8 grants).
Does Ngai Foundation give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Ngai Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (9 grants).
Who are Ngai Foundation's largest grantees?
Ngai Foundation's largest 2024 grantees include Casl ($30,088), Sacred Heat Schools ($6,000) and Assumption Church ($2,035 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 91% of its itemized 2024 grant dollars.
How large is Ngai Foundation?
Ngai Foundation reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $97K in qualifying distributions that year, against a required minimum of $70K (roughly 5% of its investment assets).
What is Ngai Foundation's EIN?
Ngai Foundation's EIN (Employer Identification Number) is 83-2596168. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Ngai Foundation's focus areas in our free grants database
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