The Chu Family Foundation Inc is a private foundation established in August 2013, located in Duluth, Georgia. The foundation operates as a 501(c)(3) charitable organization with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.5M
+33.8% YoY
Annual Giving
$533K
-3.1% YoY
Grant Count
14
-17.6% YoY
Avg Grant Size
$38K
+17.7% YoY
Under IRS private-foundation payout rules, The Chu Family Foundation Inc reported a distributable amount of $373K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily provides scholarships to pharmacy students and Korean students in the Atlanta area. It also supports cultural and educational institutions, including the Korean Church of Atlanta.
Grantmaking
The foundation made 18 grants in 2023. Recent grants include:
Grant Range
s range from $5,000 to $50,000 based on recent activity.
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Geographic Focus
Where this funder awards grants
The foundation focuses on the Atlanta area, with particular emphasis on serving Korean students and pharmacy students in this region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $7,869,954
- Total Revenues: $282,964
- Total Expenses: $645,645
- Investment Income and Dividends: $92,430
- Net Gain from Sale of Non-Inventory Assets: $190,534
- Investments: $7.2 million
The foundation has demonstrated relatively stable revenue growth, averaging 2.6% annual increase over the past five years.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,528,836 | $7,869,954 | $6,383,082 |
| Revenue | $3,978,672 | $282,964 | $327,479 |
| Expenses | $681,583 | $645,645 | $596,628 |
| Qualifying Distributions | $607,797 | $576,285 | $506,427 |
| Net Investment Income | $1,389,546 | $213,604 | $237,278 |
| Distributable Amount | $372,606 | $326,697 | $356,756 |
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
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Uso ($120,000), Korean American Association of Gr Atl ($110,000), Duke University ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE KOREAN AMERICAN SCHOOL OF ATLANTA DULUTH, GA | TO PROVIDE SCHOLARSHIPS | $10,000 |
| INTERNATIONAL SOCIETY FOR ANTIVIRAL RESEARCH FREDERICK, MD | TO PROVIDE SCHOLARSHIPS | $10,000 |
| USO ARLINGTON, VA | TO PROVIDE SCHOLARSHIPS | $120,000 |
| KOREAN AMERICAN CULTURAL FOUNDATION INC LAWRENCEVILLE, GA | TO PROVIDE SCHOLARSHIPS | $10,000 |
| THE KOREAN AMERICAN SCHOLARSHIP FDN SUWANEE, GA | TO PROVIDE SCHOLARSHIPS | $25,000 |
| HEALTH ONE MEDICAL ASSOCIATION INC JOHNS CREEK, GA | TO PROVIDE SCHOLARSHIPS | $5,000 |
| DUKE UNIVERSITY DURHAM, NC | TO PROVIDE SCHOLARSHIPS | $100,000 |
| WALDEN SCHOOL PASADENA, CA | TO PROVIDE SCHOLARSHIPS | $7,500 |
| AMERICA KOREA UNITED SOCIETY ENGLEWOOD CLIFFS, NJ | TO PROVIDE SUPPORT | $20,000 |
| GEORGIA VETERANS DAY ASSOCIATION INC KENNESAW, GA | TO PROVIDE SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEE H CHU | PRESIDENT | — | — |
| CHUNG K CHU | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Chu Family Foundation Inc fund?
The foundation primarily provides scholarships to pharmacy students and Korean students in the Atlanta area. It also supports cultural and educational institutions, including the Korean Church of Atlanta.
How do I apply for a grant from The Chu Family Foundation Inc?
The foundation made 18 grants in 2023. Recent grants include: • Daybreak University: $50,000 (scholarships) • Walden School: $5,000 (scholarships) • New Atlanta Philharmonic Performing: $5,000 (support) Grant sizes range from $5,000 to $50,000 based on recent activity.
Where does The Chu Family Foundation Inc make grants?
The foundation focuses on the Atlanta area, with particular emphasis on serving Korean students and pharmacy students in this region.
What size grants does The Chu Family Foundation Inc award?
In 2024, The Chu Family Foundation Inc awarded 14 grants totaling $533K — an average of about $38K per grant, based on its IRS Form 990 filings.
How much is The Chu Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Chu Family Foundation Inc reported a distributable amount of $373K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Chu Family Foundation Inc's EIN?
The Chu Family Foundation Inc's EIN (Employer Identification Number) is 32-0338339. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in The Chu Family Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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