The Chung Charitable Foundation Inc
The Chung Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 13 grants totaling $318K. Net investment income was $267K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.1M
-4.3% YoY
Annual Giving
$318K
-4.3% YoY
Grant Count
13
-18.8% YoY
Avg Grant Size
$24K
+17.8% YoY
Under IRS private-foundation payout rules, The Chung Charitable Foundation Inc reported a distributable amount of $392K for 2024 — the minimum it must pay out in qualifying distributions.
About The Chung Charitable Foundation Inc
Based on IRS filings
The Chung Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 13 grants totaling $318K. Net investment income was $267K.
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 | $7,128,257 | $7,448,615 | $6,938,750 |
| Revenue | $43,842 | $893,183 | $640,296 |
| Expenses | $364,198 | $383,320 | $307,089 |
| Qualifying Distributions | $326,054 | $338,384 | $266,225 |
| Net Investment Income | $266,909 | $318,085 | $302,275 |
| Distributable Amount | $391,505 | $333,979 | $330,676 |
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
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Charitable ($263,000), Sophie Cheng ($10,000), Elijah Wen ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY CHARITABLE CINCINNATI, OH | GENERAL & UNRESTRICTED | $263,000 |
| SOPHIE CHENG IRVINE, CA | SCHOLARSHIP | $10,000 |
| AMOS HEALTH HOPE GIBSONIA, PA | GENERAL & UNRESTRICTED | $2,000 |
| CCLIFE STREAMWOOD, IL | GENERAL AND UNRESTRICTED | $500 |
| BETHIA ACKERMAN PALMDALE, CA | SCHOLARSHIP | $500 |
| SALLY CHENG IRVINE, CA | SCHOLARSHIP | $500 |
| ELIJAH WEN IRVINE, CA | SCHOLARSHIP | $10,000 |
| KAYLEN OCAMPO PITTSBURGH, PA | SCHOLARSHIP | $5,000 |
| TVT COMMUNITY DAY SCHOOL IRVINE, CA | GENERAL & UNRESTRICTED | $10,000 |
| LOGOS EVANGELICAL SEMINARY EL MONTE, CA | GENERAL & UNRESTRICTED | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NELSON CHUNG | President | 1 | — |
| CHRISTINE CHUNG | Vice President | 1 | — |
| JENNIFER CHUNG | Vice President | 12 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Chung Charitable Foundation Inc?
The Chung Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. It holds $7.1M in total assets as of 2024.
How large is The Chung Charitable Foundation Inc?
As of 2024, The Chung Charitable Foundation Inc holds $7.1M in total assets with $44K in annual revenue. It awarded 13 grants totaling $318K in 2024.
Where does The Chung Charitable Foundation Inc operate?
The Chung Charitable Foundation Inc has awarded grants in California, Illinois, New York, Ohio, Pennsylvania.
What size grants does The Chung Charitable Foundation Inc award?
In 2024, The Chung Charitable Foundation Inc awarded 13 grants totaling $318K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is The Chung Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Chung Charitable Foundation Inc reported a distributable amount of $392K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Chung Charitable Foundation Inc's EIN?
The Chung Charitable Foundation Inc's EIN (Employer Identification Number) is 77-0607988. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Chung Charitable Foundation Inc'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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