Soaring88 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILPITAS, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $339K in total assets. In 2024, it awarded 2 grants totaling $1K. Net investment income was $112K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$339K
+45.5% YoY
Annual Giving
$1K
Grant Count
2
Avg Grant Size
$525
Under IRS private-foundation payout rules, Soaring88 Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About Soaring88 Foundation
Based on IRS filings
Soaring88 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILPITAS, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $339K in total assets. In 2024, it awarded 2 grants totaling $1K. Net investment income was $112K.
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 | $338,741 | $232,823 | $211,922 |
| Revenue | $117,790 | $39,666 | $218,261 |
| Expenses | $11,435 | $7,307 | $18,235 |
| Qualifying Distributions | $6,125 | $2,175 | $14,144 |
| Net Investment Income | $112,480 | $36,712 | — |
| Distributable Amount | $13,119 | $11,050 | $10,112 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Milpitas High School Music Booster ($950), Milpitas High School ($100).
| Recipient | Purpose | Amount |
|---|---|---|
| Milpitas High School Milpitas, CA | Educational | $100 |
| Milpitas High School Music Booster Milpitas, CA | Educational | $950 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JUNE LEE | CFO | 2 | — |
| KEN WANG | CEO | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Soaring88 Foundation?
Soaring88 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILPITAS, CA. It holds $339K in total assets as of 2024.
How large is Soaring88 Foundation?
As of 2024, Soaring88 Foundation holds $339K in total assets with $118K in annual revenue. It awarded 2 grants totaling $1K in 2024.
Where does Soaring88 Foundation operate?
Soaring88 Foundation has awarded grants in California.
What size grants does Soaring88 Foundation award?
In 2024, Soaring88 Foundation awarded 2 grants totaling $1K — an average of about $525 per grant, based on its IRS Form 990 filings.
How much is Soaring88 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Soaring88 Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Soaring88 Foundation's EIN?
Soaring88 Foundation's EIN (Employer Identification Number) is 87-3870468. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Soaring88 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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