Sky Lantern Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+6.0% YoY
Annual Giving
$60K
+20.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$20K
+20.0% YoY
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.
About Sky Lantern Foundation
Based on IRS filings
Sky Lantern Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,493,671 | $1,409,543 | $1,142,199 |
| Revenue | $438,020 | $-18,201 | $78,072 |
| Expenses | $79,489 | $67,347 | $43,470 |
| Qualifying Distributions | $60,900 | $50,816 | $30,589 |
| Net Investment Income | $421,224 | — | $65,279 |
| Distributable Amount | $67,158 | $64,539 | $62,361 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Torrance Memorial Foundation ($50,000), Evangelical Formosan Church General Asssembly ($5,000), South Coast Botanic Garden ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| TORRANCE MEMORIAL FOUNDATION TORRANCE, CA | IN SUPPORT OF ACTIVITIES TO IMPROVE OVERALL ENVIRONMENT OF THE HOSPITAL PROMOTING PATIENT HEALTH. | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WEN CHUNG LIN | PRESIDENT | 1 | — |
| PAUL P LIN | CHIEF FINANCIAL OFFICER | 1 | — |
| JACK P LIN | SECRETARY | 1 | — |
| MEI YING LIN | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sky Lantern Foundation?
Sky Lantern Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONG BEACH, CA. It holds $1.5M in total assets as of 2024.
How large is Sky Lantern Foundation?
As of 2024, Sky Lantern Foundation holds $1.5M in total assets with $438K in annual revenue. It awarded 3 grants totaling $60K in 2024.
Where does Sky Lantern Foundation operate?
Sky Lantern Foundation has awarded grants in California.
What size grants does Sky Lantern Foundation award?
In 2024, Sky Lantern Foundation awarded 3 grants totaling $60K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Sky Lantern Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sky Lantern Foundation reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Sky Lantern Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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