Phoeng Foundation
Phoeng Foundation is a private foundation, based in Menlo Park, CA. IRS filing data is available from 2019 through 2021. As of 2021, the organization holds $6.3M in total assets. In 2021, it awarded 5 grants totaling $333K. Net investment income was $1.9M.
Key facts about Phoeng Foundation
In short: Phoeng Foundation gave $333K across 5 grants in 2021 (avg $67K), top state California. Source: 2021 IRS Form 990-PF.
- EIN
- 27-3698530
- Latest 990 filing
- Form 990-PF, 2021
- Annual giving (2021)
- $333,000
- Grants made (2021)
- 5
- Average grant
- $66,600
- Median grant
- $30,000
- Total assets
- $6,291,817
- Primary geography
- California (9% of itemized 2021 grant dollars)
Data from IRS Form 990-PF, 2021; updated October 2026.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
$6.3M
+33.4% YoY
Annual Giving
$333K
+66500.0% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$67K
+13220.0% YoY
Under IRS private-foundation payout rules, Phoeng Foundation reported a distributable amount of $284K for 2021 — the minimum it must pay out in qualifying distributions.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 5 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2021, annual grant giving ranged from $500 (2020) to $333K (2021). In 2021 it made 5 grants totaling $333K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2021
The largest 2021 recipient was National Taiwan University ($200K). Together the top 5 received $333K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 7 grants of 9 (78%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Taiwan University | Education | $200,000 |
| National Chung Hsin University | Education | $80,000 |
| Taiwanese American Historical Socie San Gabriel, CA | Education | $30,000 |
| National Chenchi University | Education | $20,000 |
| Coalition to Salute America's Heroe Springfield, VA | General Fund | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 | 2019 |
|---|---|---|---|
| Total Assets | $6,291,817 | $4,717,843 | $6,089,243 |
| Revenue | $2,050,312 | $-1,238,679 | $-659,142 |
| Expenses | $476,138 | $136,880 | $189,067 |
| Net Investment Income | $1,935,501 | $110,239 | $160,478 |
| Distributable Amount | $284,112 | $274,283 | $304,762 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 20, 2021)
- IRS filings on file for fiscal years 2019–2021
Leadership & Key People
Officers and directors from IRS filings
Phoeng Foundation's only listed officer is Hwalin Lee, Manager on every filing since 2019 (uncompensated).
Officers on the 2021 filing
Hwalin Lee
Manager
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2021. "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 Phoeng Foundation
How much does Phoeng Foundation give each year?
Phoeng Foundation gave $333K across 5 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $500 across 1 grant.
What is Phoeng Foundation's typical grant size?
Phoeng Foundation's median grant in 2021 was $30,000, and its average grant was $66,600, across 5 grants on its 2021 IRS Form 990-PF.
Where does Phoeng Foundation give grants?
Phoeng Foundation's top state is California, with 9% of the grant dollars itemized on its 2021 IRS Form 990-PF.
Does Phoeng Foundation give general operating support?
Yes: 20% of Phoeng Foundation's 2021 grants with a stated purpose (1 of 5) were for general or operating support, per its 2021 IRS Form 990-PF. Recurring purposes include "Education" (4 grants).
Who are Phoeng Foundation's largest grantees?
Phoeng Foundation's largest 2021 grantees include National Taiwan University ($200,000), National Chung Hsin University ($80,000) and Taiwanese American Historical Socie ($30,000), according to its 2021 IRS Form 990-PF. Together they received 93% of its itemized 2021 grant dollars.
How large is Phoeng Foundation?
Phoeng Foundation reported $6.3M in total assets on its 2021 IRS Form 990-PF. Its revenue that year was $2.1M.
How much is Phoeng Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Phoeng Foundation reported a distributable amount of $284K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phoeng Foundation's EIN?
Phoeng Foundation's EIN (Employer Identification Number) is 27-3698530. IRS Form 990 filing data is available on this page for 2019–2021.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Phoeng Foundation by hand.
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