Stanley and Marvel Chong Foundation
Stanley and Marvel Chong Foundation is a private foundation, based in EDINA, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 7 grants totaling $90K. Net investment income was $56K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-2.5% YoY
Annual Giving
$90K
+0.0% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$13K
+0.0% YoY
Under IRS private-foundation payout rules, Stanley and Marvel Chong Foundation reported a distributable amount of $83K for 2024 — the minimum it must pay out in qualifying distributions.
About Stanley and Marvel Chong Foundation
Based on IRS filings
Stanley and Marvel Chong Foundation is a private foundation, based in EDINA, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 7 grants totaling $90K. Net investment income was $56K.
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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 | $1,370,272 | $1,405,509 | $1,450,024 |
| Revenue | $68,478 | $57,986 | $36,076 |
| Expenses | $103,715 | $102,501 | $103,583 |
| Qualifying Distributions | $91,650 | $91,550 | $88,029 |
| Net Investment Income | $56,438 | $47,095 | $24,313 |
| Distributable Amount | $82,678 | $76,593 | $82,466 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chinese American Association of Mn ($40,000), Chinese Heritage Foundation ($10,000), College of St Benedict ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHINESE AMERICAN ASSOCIATION OF MN PLYMOUTH, MN | GENERAL CHARITABLE PURPOSES | $40,000 |
| CHINESE HERITAGE FOUNDATION MINNEAPOLIS, MN | GENERAL CHARITABLE PURPOSES | $10,000 |
| COLLEGE OF ST BENEDICT ST JOSEPH, MN | GENERAL CHARITABLE PURPOSES | $10,000 |
| METRO HOPE MINISTRIES MINNEAPOLIS, MN | GENERAL CHARITABLE PURPOSES | $5,000 |
| ST JOHNS UNIVERSITY COLLEGEVILLE, MN | GENERAL CHARITABLE PURPOSES | $10,000 |
| UNIVERSITY OF MN CHINA CENTER MINNEAPOLIS, MN | GENERAL CHARITABLE PURPOSES | $10,000 |
| VOLUNTEERS OF AMERICA BLAINE, MN | GENERAL CHARITABLE PURPOSES | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN M RATELLE | PRESIDENT | — | — |
| THOMAS J RATELLE | VP/SECRETARY | — | — |
| GORDAN P HEINSON | DIRECTOR | — | — |
Frequently Asked Questions
How large is Stanley and Marvel Chong Foundation?
As of 2024, Stanley and Marvel Chong Foundation holds $1.4M in total assets with $68K in annual revenue. It awarded 7 grants totaling $90K in 2024.
Where does Stanley and Marvel Chong Foundation operate?
Stanley and Marvel Chong Foundation has awarded grants in Minnesota.
What size grants does Stanley and Marvel Chong Foundation award?
In 2024, Stanley and Marvel Chong Foundation awarded 7 grants totaling $90K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Stanley and Marvel Chong Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stanley and Marvel Chong Foundation reported a distributable amount of $83K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stanley and Marvel Chong Foundation's EIN?
Stanley and Marvel Chong Foundation's EIN (Employer Identification Number) is 36-3411371. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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