Sky Lantern Foundation
Sky Lantern Foundation is a private foundation, based in Long Beach, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 3 grants totaling $60K. Net investment income was $421K.
Sky Lantern Foundation at a glance
In short: Sky Lantern Foundation gave $60K across 3 grants in 2024 (avg $20K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $60,000
- +20.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $20,000
- +20.0% vs 2023
- Median grant
- $5,000
- Total assets
- $1,493,671
- +6.0% vs 2023
- Primary geography
- California (100% 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 Sky Lantern Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Torrance Memorial Foundation ($50K). Together the top 3 received $60K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 13 grants of 14 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Sky Lantern Foundation gives
- Giving grew 20% from 2021 to 2024. Method
- In 2024 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $30K (2022) to $60K (2024). In 2024 it made 3 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Torrance Memorial Foundation Torrance, CA | In support of activities to improve overall environment of the hospital promoting patient health. | $50,000 |
| Evangelical Formosan Church General Asssembly El Monte, CA | Financial support for the christian church to plant churches all around the world. The church has evolved into a multi lingual, multi cultural, and multi generational church. | $5,000 |
| South Coast Botanic Garden Palos Verdes Estates, CA | South coast botanic garden is 87 acres developed over a landfill. Financial support for the organization's mission to continue to restore the landfill and connect all to the wonders of nature and create experiences that inspire stewardship and sustainability. | $5,000 |
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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 | $1,493,671 | $438,020 | $79,489 | $60,000 | 3 | $60,900 | $421,224 | $67,158 |
| 2023 | $1,409,543 | $-18,201 | $67,347 | $50,000 | 3 | $50,816 | — | $64,539 |
| 2022 | $1,142,199 | $78,072 | $43,470 | $30,000 | 3 | $30,589 | $65,279 | $62,361 |
| 2021 | $1,632,600 | $306,501 | $53,950 | $50,000 | 2 | $50,000 | $102,551 | $66,179 |
| 2020 | $1,280,795 | $196,803 | $62,037 | $50,000 | 3 | — | — | $47,434 |
Under IRS private-foundation payout rules, Sky Lantern Foundation reported a distributable amount of $67K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sky Lantern Foundation is led by Wen Chung Lin, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Wen Chung Lin
President
On filings since 2020
1 hr/week
No compensation reported
Jack P. Lin
Secretary
On filings since 2020
1 hr/week
No compensation reported
Mei Ying Lin
Vice President
On filings since 2020
1 hr/week
No compensation reported
Paul P. Lin
Chief Financial Officer
On filings since 2020
1 hr/week
No compensation reported
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 Sky Lantern Foundation
How much does Sky Lantern Foundation give each year?
Sky Lantern Foundation gave $60K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $50K across 3 grants.
What is Sky Lantern Foundation's typical grant size?
Sky Lantern Foundation's median grant in 2024 was $5,000, and its average grant was $20,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does Sky Lantern Foundation give grants?
Sky Lantern Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Sky Lantern Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Sky Lantern Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Sky Lantern Foundation?
Sky Lantern Foundation reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $61K in qualifying distributions that year, against a required minimum of $67K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Sky Lantern Foundation's EIN?
Sky Lantern Foundation's EIN (Employer Identification Number) is 81-4415075. 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
Live grants for the work Sky Lantern Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Sky Lantern Foundation's focus areas in our free grants database
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