Ping and Amy Chao Family Foundation
The Ping and Amy Chao Family Foundation is a private, independent foundation established in 2006 and based in Wilmington, Delaware. It operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic grantmaking with a focus on improving lives through strategic charitable giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-39.4% YoY
Annual Giving
$1.7M
+24.1% YoY
Grant Count
16
-20.0% YoY
Avg Grant Size
$108K
+55.1% YoY
Mission & Focus Areas
The foundation's primary mission centers on two key areas:
Health and Well-being of Children and Youth: The foundation funds and nurtures initiatives that improve the health and well-being of children and youth in economically disadvantaged regions throughout the world.
Philanthropy and Youth Engagement: The foundation seeks to promote the spirit of philanthropy and develop awareness of nonprofit practices and opportunities for service among the younger generation of China and the greater Chinese Diaspora.
Community Focus: Because of these priorities, the foundation specifically seeks to fund grants that either are run by a member of the Asian American community or that focus on work in Asia or the Asian American community.
Additional funding interests include education, human services, international relations, and goodwill promotion.
Grantmaking
The foundation has also supported clean water initiatives in Cambodia and Haiti, with grants of $50,000 and $49,131 respectively.
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Geographic Focus
Where this funder awards grants
The foundation supports work in multiple regions including:
- United States: California, New York, Vermont, Maryland, Minnesota, and other states
- International: Vietnam, Laos, Cambodia, Haiti, and other regions globally, with particular emphasis on Asia and the Asian American community
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $2,235,802
- Total Revenue: $291,618
- Total Expenses: $1,823,220
- Total Giving: $1,735,562
Historical Context: The foundation has maintained consistent grantmaking activity, with assets and giving levels reflecting its commitment to sustained philanthropic impact.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,235,802 | $3,689,091 | $5,001,630 |
| Revenue | $291,618 | $161,882 | $378,946 |
| Expenses | $1,823,220 | $1,475,421 | $1,423,649 |
| Qualifying Distributions | $1,818,151 | $1,469,089 | $1,413,699 |
| Net Investment Income | $288,249 | $157,850 | $374,286 |
| Distributable Amount | $173,089 | $219,951 | $280,316 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
103 grants across all recorded years
Open Grants
1 open opportunity from Ping and Amy Chao Family Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by three co-trustees who serve without compensation:
- Amy H. Chao
- Shiu-Kai Chao
- Shiu-Ping Chao
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Amy H Chao | Co-Trustee | 5 | — |
| Jonathan Chao | Co-Trustee | 1 | — |
| Shiu-Kai Chao | Co-Trustee | 1 | — |
| Shiu-Ping Chao | Co-Trustee | 10 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been actively engaged in international health and education initiatives. Recent grant announcements include support for clean water access in schools across Cambodia and Haiti, as well as significant investments in pediatric cardiac care training in Vietnam. The Chao family was recognized with the Partnership's 2023 McNair Civic Leadership Award, reflecting their broader commitment to community leadership and philanthropy.
Press Release:\_Chao Foundation Grants $50,000 to Provide Clean Water for\Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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