Peter Kong-Ming and Mary L New
Peter Kong-Ming and Mary L New is a private foundation focused on N/A, based in Oklahoma City, OK. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $137K in total assets. In 2025, it made $27K in qualifying distributions. Net investment income was $4K.
Peter Kong-Ming and Mary L New at a glance
- Total assets
- $136,794
- -9.8% vs 2024
- Revenue (2025)
- $14,204
- +62.4% vs 2024
- Qualifying distributions (2025)
- $26,727
- +5.3% vs 2024
- Expenses (2025)
- $29,074
- +5.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Peter Kong-Ming and Mary L New funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Peter Kong-Ming and Mary L New gives
- Giving held roughly steady from 2019 to 2022 (+0%). Method
- In 2025 it paid out 232% 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 2019 to 2022, annual grant giving ranged from $5K (2019) to $5K (2022). In 2022 it made 3 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 grants to individuals Recipients not named | — | $5,250 |
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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 | $136,794 | $14,204 | $29,074 | — | — | $26,727 | $3,749 | $11,520 |
| 2024 | $151,664 | $8,744 | $27,662 | — | — | $25,393 | $4,163 | $11,031 |
| 2023 | $170,582 | $6,221 | $16,072 | — | — | $13,939 | $4,088 | $10,418 |
| 2022 | $180,433 | $6,229 | $19,431 | $5,250 | 3 | $17,119 | $3,820 | $10,843 |
| 2021 | $193,635 | $3,860 | $16,411 | $5,250 | 3 | $13,851 | $3,641 | $12,009 |
| 2020 | $206,186 | $7,122 | $19,674 | $5,250 | 3 | — | $4,689 | $10,347 |
| 2019 | $218,738 | $33,079 | $13,787 | $5,250 | 3 | — | $3,078 | $11,298 |
Under IRS private-foundation payout rules, Peter Kong-Ming and Mary L New reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Peter Kong-Ming and Mary L New is led by Rose May, Executive Director since 2025 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Rose May
Executive Director
Trustee → Family Representative, 2024
Family Representative → Executive Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Aj Faas
President
New on the 2025 filing
1 hr/week
No compensation reported
Peter Hessler
Family Representative
Trustee → Family Representative, 2024
On filings since 2019
1 hr/week
No compensation reported
Carla Guerron Montero
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Thomas May
Family Representative
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (7)
- Former: Jennifer Wies (2019–2024) — President
- Former: Neil Hann (2019–2024) — Executive Director
- Former: Gemme Fix (2023) — Secretary
- Former: Michael Paolisso (2021–2022) — President
- Former: Sunil Khanna (2021–2022) — Treasurer
- Former: Sherylyn Briller (2020) — President
- Former: Sandy Ervin (2019) — President
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 Peter Kong-Ming and Mary L New
How large is Peter Kong-Ming and Mary L New?
Peter Kong-Ming and Mary L New reported $137K in total assets on its 2025 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What is Peter Kong-Ming and Mary L New?
Peter Kong-Ming and Mary L New is a private foundation focused on N/A, based in Oklahoma City, OK. It holds $137K in total assets as of 2025.
Where does Peter Kong-Ming and Mary L New operate?
Peter Kong-Ming and Mary L New has awarded grants in California, Connecticut, Georgia, Illinois, Louisiana, Massachusetts, Minnesota, New York, Oklahoma, Virginia.
What is Peter Kong-Ming and Mary L New's EIN?
Peter Kong-Ming and Mary L New's EIN (Employer Identification Number) is 73-6257539. 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
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 9, 2026)
- IRS filings on file for fiscal years 2019–2025
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Figures come from Peter Kong-Ming and Mary L New's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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