The Alphadyne Foundation
The Alphadyne Foundation is a private 501(c)(3) grantmaking foundation established in December 2020 in New York City. Founded by Philippe Khuong-Huu, founder and Chief Investment Officer of Alphadyne Asset Management, the foundation was created in response to the COVID-19 crisis. It operates as a low-profile, invitation-only funder that works exclusively with preselected charitable organizations.
Key facts about The Alphadyne Foundation
- EIN
- 85-1674725
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,136,600
- Grants made (2024)
- 34
- Average grant
- $62,841
- Median grant
- $25,000
- New grantees (estimate)
- 50% first-time grantees (17 of 34, 2024)
- Total assets
- $17,161,620
- Primary geography
- New York (85% of itemized 2024 grant dollars)
- How to apply
- Invitation only — the foundation does not accept unsolicited proposals or applications. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Alphadyne Foundation funds
By grant dollars, the top recipient states for The Alphadyne Foundation's 34 itemized 2024 grants were New York (85%) and California (6%). The most frequent recipient cities were New York, NY (16 grants), Brooklyn, NY (4 grants) and Boston, MA (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Alphadyne Foundation open to new grantees?
50%
first-time grantees, 2024
In 2024, 17 of 34 grantees (50%) were first-time recipients. First grants averaged $47K; repeat grants $79K. How we count
Medians: $25K first-time, $38K repeat.
- 18% of 2024 grantees were also funded in 2023. Method
- Giving fell 74% from 2021 to 2024. Method
- In 2024 it paid out 242% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Alphadyne Foundation
- How to evaluate The Alphadyne Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to The Alphadyne Foundation with AI
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.2M
+0.7% YoY
Annual Giving
$2.1M
+132.0% YoY
Grant Count
34
+112.5% YoY
Avg Grant Size
$63K
+9.2% YoY
Under IRS private-foundation payout rules, The Alphadyne Foundation reported a distributable amount of $916K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports the performing arts and organizations that work to alleviate poverty and create economic opportunity.
Primary funding priorities include:
- Arts and Culture — Programs providing community access to the arts, including dance, music, and multidisciplinary arts organizations with emphasis on participatory programming
- Human Services — Health, housing, and other services for vulnerable people
- Poverty Alleviation and Economic Opportunity — Organizations addressing food security and supplies for people in need
The foundation's grantmaking has evolved since inception. Early awards primarily supported arts and culture organizations during the pandemic, while more recent giving has expanded to emphasize health, housing, and services for vulnerable populations.
Grantmaking
Grant Range
** $20,000 – $500,000
Invitation Only
** Invitation only — the foundation does not accept unsolicited proposals or applications. Grants are awarded through trustee discretion to preselected organizations.
Ready to take the next step with The Alphadyne Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily focuses on New York City, with some grants extending beyond NYC. Secondary geographic areas of interest include Massachusetts and Virginia.
Grant Distribution by State
Share of all 34 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $17,161,620 | 2024 |
| Total Revenues | $2,331,362 | 2024 |
| Total Expenses | $2,213,202 | 2024 |
| Total Giving | $2,136,600 | 2024 |
| Total Assets | $17,000,000 | 2023 |
| Total Expenses | $1,010,000 | 2023 |
| Annual Giving | $921,000 | 2023 |
The foundation maintains zero liabilities and operates with no employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,161,620 | $17,043,460 | $456 |
| Revenue | $2,331,362 | $18,056,316 | $1,992,700 |
| Expenses | $2,213,202 | $1,013,312 | $1,992,665 |
| Qualifying Distributions | $2,213,202 | $1,007,749 | $1,982,865 |
| Net Investment Income | $99,297 | $36,598 | — |
| Distributable Amount | $916,436 | $92,022 | $71 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Bronx Foundation ($500,000), Original Music Workshop Aka National Sawdust ($333,600), Pursuit Transformation Company Inc ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE BRONX FOUNDATION The Bronx, NY | GENERAL SUPPORT | $500,000 |
| ORIGINAL MUSIC WORKSHOP AKA NATIONAL SAWDUST Brooklyn, NY | GENERAL SUPPORT | $333,600 |
| PURSUIT TRANSFORMATION COMPANY INC Long Is City, NY | GENERAL SUPPORT | $150,000 |
| LOW INCOME INVESTMENT FUND San Francisco, CA | GENERAL SUPPORT | $120,000 |
| HARLEM ENTREPRENEURIAL FUND New York, NY | GENERAL SUPPORT | $100,000 |
| NEW YORK SHAKESPEARE FESTIVAL DBA THE PUBLIC THEATER New York, NY | GENERAL SUPPORT | $100,000 |
| THE HOPE PROGRAM Brooklyn, NY | GENERAL SUPPORT | $100,000 |
| AMERICAN FRIENDS OF KESHET EILON INC Pound Ridge, NY | GENERAL SUPPORT | $75,000 |
| NORTH SHORE MUSIC ALLIANCE NFP Glenview, IL | GENERAL SUPPORT | $75,000 |
| MUSICA MUNDI SCHOOL New York, NY | GENERAL SUPPORT | $55,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founder: Philippe Khuong-Huu, founder and Chief Investment Officer of Alphadyne Asset Management
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jean-Louis Russo | Treasurer | 1 | — |
| Helen Kim Chung | Director | 1 | — |
| Joseph Regan Resig 6-30-24 | Director | 0.5 | — |
| Philippe Khuong-Huu | Director | 1 | — |
Contact Information
Address: 117 State Street, 30th Floor, New York, NY 10004
Phone: (212) 806-3726
Note: The foundation does not maintain a publicly available website or accept unsolicited inquiries via email.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Alphadyne Foundation fund?
The foundation supports the performing arts and organizations that work to alleviate poverty and create economic opportunity. **Primary funding priorities include:** • **Arts and Culture** — Programs providing community access to the arts, including dance, music, and multidisciplinary arts organizations with emphasis on participatory programming • **Human Services** — Health, housing, and other services for vulnerable people • **Poverty Alleviation and Economic Opportunity** — Organizations add…
How do I apply for a grant from The Alphadyne Foundation?
Invitation only — the foundation does not accept unsolicited proposals or applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does The Alphadyne Foundation make grants?
The foundation primarily focuses on New York City, with some grants extending beyond NYC. Secondary geographic areas of interest include Massachusetts and Virginia.
What size grants does The Alphadyne Foundation award?
In 2024, The Alphadyne Foundation awarded 34 grants totaling $2.1M — an average of about $63K per grant, based on its IRS Form 990 filings.
How much is The Alphadyne Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Alphadyne Foundation reported a distributable amount of $916K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Alphadyne Foundation's EIN?
The Alphadyne Foundation's EIN (Employer Identification Number) is 85-1674725. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.