Stanley and Marvel Chong Foundation

Foundation · Grantmaker Edina, MN EIN: 36-3411371

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.

Key facts about Stanley and Marvel Chong Foundation

EIN: 36-3411371
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $90,000
Grants made (2024): 7
Average grant: $12,857
Median grant: $10,000
Total assets: $1,370,272
Primary geography: Minnesota (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Stanley and Marvel Chong Foundation funds

By grant dollars, the top recipient states for Stanley and Marvel Chong Foundation's 7 itemized 2024 grants were Minnesota (100%). The most frequent recipient cities were Minneapolis, MN (3 grants). 100% of grants with a stated purpose were for general or operating support.

How Stanley and Marvel Chong Foundation gives

Giving held roughly steady from 2021 to 2024 (+13%). Method
In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Stanley and Marvel Chong Foundation

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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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $90K (100%)

Share of all 7 itemized 2024 grant dollars.

States

Minnesota

Cities

MinneapolisBlaineCollegevillePlymouthSt Joseph

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2019–2024

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 recipients 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
ST JOHNS UNIVERSITY Collegeville, MN	GENERAL CHARITABLE PURPOSES	$10,000
UNIVERSITY OF MN CHINA CENTER Minneapolis, MN	GENERAL CHARITABLE PURPOSES	$10,000
METRO HOPE MINISTRIES Minneapolis, MN	GENERAL CHARITABLE PURPOSES	$5,000
VOLUNTEERS OF AMERICA Blaine, MN	GENERAL CHARITABLE PURPOSES	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS 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.