Soaring88 Foundation
Soaring88 Foundation is a private foundation, based in Milpitas, CA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $788K in total assets. In 2025, it awarded 2 grants totaling $1K. Net investment income was $237K.
Soaring88 Foundation at a glance
In short: Soaring88 Foundation gave $1K across 2 grants in 2025 (avg $500.5), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,001
- -4.7% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $501
- -4.7% vs 2024
- Median grant
- $501
- Total assets
- $787,822
- +132.6% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Soaring88 Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Milpitas High School Music Booster ($900). Together the top 2 received $1K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Soaring88 Foundation gives
- In 2025 it paid out 77% 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 2024 to 2025, annual grant giving ranged from $1K (2025) to $1K (2024). In 2025 it made 2 grants totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Milpitas High School Music Booster Milpitas, CA | Educational | $900 |
| Milpitas High School Milpitas, CA | Educational | $101 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $787,822 | $268,964 | $51,365 | $1,001 | 2 | $19,089 | $236,688 | $24,850 |
| 2024 | $338,741 | $117,790 | $11,435 | $1,050 | 2 | $6,125 | $112,480 | $13,119 |
| 2023 | $232,823 | $39,666 | $7,307 | — | — | $2,175 | $36,712 | $11,050 |
| 2022 | $211,922 | $218,261 | $18,235 | — | — | $14,144 | — | $10,112 |
Under IRS private-foundation payout rules, Soaring88 Foundation reported a distributable amount of $25K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Soaring88 Foundation is led by Ken Wang, CEO on every filing since 2022; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ken Wang
CEO
On filings since 2022
2 hrs/week
No compensation reported
June Lee
CFO
On filings since 2022
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 Soaring88 Foundation
How much does Soaring88 Foundation give each year?
Soaring88 Foundation gave $1K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1K across 2 grants.
How large is Soaring88 Foundation?
Soaring88 Foundation reported $788K in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $25K (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.
Where does Soaring88 Foundation operate?
Soaring88 Foundation has awarded grants in California.
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 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 11, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 28, 2026)
- IRS filings on file for fiscal years 2022–2025
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