The Cheng Family Foundation
The Cheng Family Foundation is a private foundation, 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.
The Cheng Family Foundation at a glance
In short: The Cheng Family Foundation gave $283K across 7 grants in 2024 (avg $40K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $283,061
- -18.8% vs 2023
- Grants made (2024)
- 7
- -41.7% vs 2023
- Average grant
- $40,437
- +39.2% vs 2023
- Median grant
- $30,000
- Total assets
- $7,900,331
- -4.6% vs 2023
- Primary geography
- California (86% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Cheng Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Dance Conservatory of Pasadena School ($102K). Together the top 7 received $283K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 27 grants of 39 (69%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The Cheng Family Foundation gives
- Giving grew 36% from 2021 to 2024. Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $151K (2020) to $349K (2023). In 2024 it made 7 grants totaling $283K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dance Conservatory of Pasadena School Pasadena, CA | General Support | $101,561 |
| Loma Linda University Loma Linda, CA | General Support | $75,000 |
| Monterey Bay Aquarium Monterey, CA | General Support | $50,000 |
| Grand Circle Foundation Boston, MA | General Support | $30,000 |
| Huntington Library San Marino, CA | General Support | $15,500 |
| Ohsu Education Fund Portland, OR | General Support | $6,000 |
| Park Academy Lake Oswego, OR | General Support | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,900,331 | $381,468 | $796,872 | $283,061 | 7 | $472,155 | $110,117 | $441,044 |
| 2023 | $8,285,406 | $318,936 | $896,731 | $348,508 | 12 | $528,902 | $61,771 | $447,786 |
| 2022 | $8,844,601 | $2,438,652 | $781,035 | $229,657 | 8 | $320,645 | $2,060,237 | $405,888 |
| 2021 | $7,185,474 | $543,290 | $695,766 | $208,500 | 5 | $276,519 | $209,943 | $426,686 |
| 2020 | $7,337,678 | $622,808 | $637,993 | $150,581 | 7 | — | $100,178 | $389,756 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Cheng Family Foundation is led by Jennifer Cheng, President & Director on every filing since 2020; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Jennifer Cheng
President & Director
On filings since 2020
30 hrs/week
$242K (2020) → $282K (2024)
Eugene Cheng
Director & Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Jean Ling
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Keith Cheng
Director & Secretary
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $282K, to Jennifer Cheng (President & Director).
Frequently asked questions about The Cheng Family Foundation
How much does The Cheng Family Foundation give each year?
The Cheng Family Foundation gave $283K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $349K across 12 grants.
What is The Cheng Family Foundation's typical grant size?
The Cheng Family Foundation's median grant in 2024 was $30,000, and its average grant was $40,437, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Cheng Family Foundation give grants?
The Cheng Family Foundation gives mostly in California: 86% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (11%).
Does The Cheng Family Foundation give general operating support?
Yes: 100% of The Cheng Family Foundation's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Cheng Family Foundation's largest grantees?
The Cheng Family Foundation's largest 2024 grantees include Dance Conservatory of Pasadena School ($101,561), Loma Linda University ($75,000) and Monterey Bay Aquarium ($50,000), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.
How large is The Cheng Family Foundation?
The Cheng Family Foundation reported $7.9M in total assets on its 2024 IRS Form 990-PF. It paid out $472K in qualifying distributions that year, against a required minimum of $441K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Cheng Family Foundation funds
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