Savio & Patty Tung Foundation Inc
Savio & Patty Tung Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCARSDALE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $210K in total assets. In 2024, it awarded 5 grants totaling $23K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$210K
+44.5% YoY
Annual Giving
$23K
+126.0% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$5K
-54.8% YoY
Under IRS private-foundation payout rules, Savio & Patty Tung Foundation Inc reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Savio & Patty Tung Foundation Inc
Based on IRS filings
Savio & Patty Tung Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCARSDALE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $210K in total assets. In 2024, it awarded 5 grants totaling $23K. Net investment income was $7K.
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 | $210,008 | $145,317 | $149,840 |
| Revenue | $91,808 | $5,622 | $1,152 |
| Expenses | $27,117 | $10,145 | $1,079 |
| Qualifying Distributions | $27,117 | $10,000 | $120 |
| Net Investment Income | $7,132 | $5,622 | $1,152 |
| Distributable Amount | $6,861 | $7,163 | $7,346 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Columbia Engineering ($10,000), Columbia University Office of Alumni&development ($5,000), Harvard Faculty of Arts & Sciences ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HARVARD FACULTY OF ARTS & SCIENCES CAMBRIDGE, MA | CHARITABLE CONTRIBUTION | $3,000 |
| COLUMBIA UNIVERSITY OFFICE OF ALUMNI&DEVELOPMENT NEW YORK, NY | CHARITABLE CONTRIBUTION | $5,000 |
| COLUMBIA UNIVERSITY OFFICE OF ALUMNI&DEVELOPMENT NEW YORK, NY | CHARITABLE CONTRIBUTION | $2,100 |
| GIVECAMPUS WASHINGTON, DC | CHARITABLE CONTRIBUTION | $2,500 |
| COLUMBIA ENGINEERING NEW YORK, NY | CHARITABLE CONTRIBUTION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SAVIO TUNG | TRUSTEE | — | — |
| PATTY TUNG | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Savio & Patty Tung Foundation Inc?
Savio & Patty Tung Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCARSDALE, NY. It holds $210K in total assets as of 2024.
How large is Savio & Patty Tung Foundation Inc?
As of 2024, Savio & Patty Tung Foundation Inc holds $210K in total assets with $92K in annual revenue. It awarded 5 grants totaling $23K in 2024.
Where does Savio & Patty Tung Foundation Inc operate?
Savio & Patty Tung Foundation Inc has awarded grants in District of Columbia, Massachusetts, New York, Texas.
What size grants does Savio & Patty Tung Foundation Inc award?
In 2024, Savio & Patty Tung Foundation Inc awarded 5 grants totaling $23K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Savio & Patty Tung Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Savio & Patty Tung Foundation Inc reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Savio & Patty Tung Foundation Inc's EIN?
Savio & Patty Tung Foundation Inc's EIN (Employer Identification Number) is 13-4036105. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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