The Cheng Family Foundation

Private foundation · Grantmaker Pasadena, CA EIN: 90-0883149

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.

Key facts about The Cheng Family Foundation

In short: The Cheng Family Foundation gave $283K across 7 grants in 2024 (avg $40K), mostly in California. Source: 2024 IRS Form 990-PF.

EIN
90-0883149
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$283,061
Grants made (2024)
7
Average grant
$40,437
Median grant
$30,000
Total assets
$7,900,331
Primary geography
California (86% of itemized 2024 grant dollars)

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

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

PortlandSan MarinoBostonLoma LindaLos AngelesMontereyPasadenaLake OswegoMarylhurstPacific Palisades

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K7 grants2020 5 grants2021 8 grants2022 12 grants2023 7 grants2024

From 2020 to 2024, annual grant giving ranged from $151K (2020) to $349K (2023). In 2024 it made 7 grants totaling $283K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Dance Conservatory of Pasadena School: $102KDance Conservatory of PasadenaSchool$102KLoma Linda University: $75KLoma Linda University$75KMonterey Bay Aquarium: $50KMonterey Bay Aquarium$50KGrand Circle Foundation: $30KGrand Circle Foundation$30KHuntington Library: $16KHuntington Library$16KOhsu Education Fund: $6KOhsu Education Fund$6KPark Academy: $5KPark Academy$5K

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

27<$50K11$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 27 grants of 39 (69%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Dance Conservatory of Pasadena School Pasadena, CAGeneral Support$101,561
Loma Linda University Loma Linda, CAGeneral Support$75,000
Monterey Bay Aquarium Monterey, CAGeneral Support$50,000
Grand Circle Foundation Boston, MAGeneral Support$30,000
Huntington Library San Marino, CAGeneral Support$15,500
Ohsu Education Fund Portland, ORGeneral Support$6,000
Park Academy Lake Oswego, ORGeneral Support$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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

Jennifer Cheng — President & Director: $282KJennifer ChengPresident & Director$282K

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.

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