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.
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
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 |
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 include The Bronx Foundation ($500,000), Original Music Workshop Aka National Sawdust ($333,600), Pursuit Transformation Company Inc ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALVIN AILEY DANCE FOUNDATION NEW YORK, NY | GENERAL SUPPORT | $25,000 |
| AMERICAN FRIENDS OF KESHET EILON INC POUND RIDGE, NY | GENERAL SUPPORT | $75,000 |
| AMERICAN FRIENDS OF THE OXFORD PHILHARMONIC ORCHESTRA NEW YORK, NY | GENERAL SUPPORT | $25,000 |
| AMERICAN PIANISTS ASSOCIATION INDIANAPOLIS, IN | GENERAL SUPPORT | $10,000 |
| BARYSHNIKOV ARTS CENTER INC NEW YORK, NY | GENERAL SUPPORT | $25,000 |
| BETH MORRISON PROJECTS INC DBA BMP BROOKLYN, NY | GENERAL SUPPORT | $10,000 |
| CELEBRITY SERIES OF BOSTON BOSTON, MA | GENERAL SUPPORT | $5,000 |
| CELLOBELLO BOSTON, MA | GENERAL SUPPORT | $38,000 |
| CHAMBER MUSIC SOCIETY OF LINCOLN CENTER INC NEW YORK, NY | GENERAL SUPPORT | $25,000 |
| CONCERT ARTISTS GUILD INC NEW YORK, NY | GENERAL SUPPORT | $25,000 |
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
From 2024 IRS filing
From 2024 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?
**Grant Range:** $20,000 – $500,000 **Application Process:** Invitation only — the foundation does not accept unsolicited proposals or applications. Grants are awarded through trustee discretion to preselected organizations. **Recent Grant Activity:** • 2024: 30 grants totaling $2,136,600 • 2023: 16 grants totaling $921,000 • 2022: 24 grants • 2021: 19 grants **Recent Grantees (2024):** • Build the Bronx Foundation — $500,000 (General Support) • National Sawdust — $333,600 (General Support) • P…
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.
Explore Open Grants
Browse active grant opportunities in The Alphadyne Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Alphadyne Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Alphadyne Foundation to a real strategy.