The Cheng Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASADENA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.9M in total assets. In 2024, it awarded 7 grants totaling $283K. Net investment income was $110K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.9M
-4.6% YoY
Annual Giving
$283K
-18.8% YoY
Grant Count
7
-41.7% YoY
Avg Grant Size
$40K
+39.2% YoY
Under IRS private-foundation payout rules, The Cheng Family Foundation reported a distributable amount of $441K for 2024 — the minimum it must pay out in qualifying distributions.
About The Cheng Family Foundation
Based on IRS filings
The Cheng Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASADENA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.9M in total assets. In 2024, it awarded 7 grants totaling $283K. Net investment income was $110K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,900,331 | $8,285,406 | $8,844,601 |
| Revenue | $381,468 | $318,936 | $2,438,652 |
| Expenses | $796,872 | $896,731 | $781,035 |
| Qualifying Distributions | $472,155 | $528,902 | $320,645 |
| Net Investment Income | $110,117 | $61,771 | $2,060,237 |
| Distributable Amount | $441,044 | $447,786 | $405,888 |
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
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dance Conservatory of Pasadena School ($101,561), Loma Linda University ($75,000), Monterey Bay Aquarium ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PARK ACADEMY LAKE OSWEGO, OR | GENERAL SUPPORT | $5,000 |
| OHSU EDUCATION FUND PORTLAND, OR | GENERAL SUPPORT | $6,000 |
| HUNTINGTON LIBRARY SAN MARINO, CA | GENERAL SUPPORT | $15,500 |
| GRAND CIRCLE FOUNDATION BOSTON, MA | GENERAL SUPPORT | $30,000 |
| MONTEREY BAY AQUARIUM MONTEREY, CA | GENERAL SUPPORT | $50,000 |
| LOMA LINDA UNIVERSITY LOMA LINDA, CA | GENERAL SUPPORT | $75,000 |
| DANCE CONSERVATORY OF PASADENA SCHOOL PASADENA, CA | GENERAL SUPPORT | $101,561 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER CHENG | PRESIDENT & DIRECTOR | 30 | $281,644 |
| KEITH CHENG | DIRECTOR & SECRETARY | 2 | — |
| JEAN LING | DIRECTOR | 0.5 | — |
| EUGENE CHENG | DIRECTOR & TREASURER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Cheng Family Foundation?
The Cheng Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PASADENA, CA. It holds $7.9M in total assets as of 2024.
How large is The Cheng Family Foundation?
As of 2024, The Cheng Family Foundation holds $7.9M in total assets with $381K in annual revenue. It awarded 7 grants totaling $283K in 2024.
Where does The Cheng Family Foundation operate?
The Cheng Family Foundation has awarded grants in California, Massachusetts, Oregon.
What size grants does The Cheng Family Foundation award?
In 2024, The Cheng Family Foundation awarded 7 grants totaling $283K — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is The Cheng Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cheng Family Foundation reported a distributable amount of $441K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cheng Family Foundation's EIN?
The Cheng Family Foundation's EIN (Employer Identification Number) is 90-0883149. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Cheng Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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