The David NK and Aileen Wang Foundatio

Private foundation · Grantmaker Saratoga, CA EIN: 77-0529548

The David NK and Aileen Wang Foundatio is a private foundation, based in Saratoga, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 6 grants totaling $85K. Net investment income was $61K.

Key facts about The David NK and Aileen Wang Foundatio

In short: The David NK and Aileen Wang Foundatio gave $85K across 6 grants in 2024 (avg $14K), mostly in California. Source: 2024 IRS Form 990-PF.

EIN
77-0529548
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$85,000
Grants made (2024)
6
Average grant
$14,167
Median grant
$10,000
Total assets
$3,297,134
Primary geography
California (88% 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

$3.3M

+29.1% YoY

Annual Giving

$85K

+9.0% YoY

Grant Count

6

+20.0% YoY

Avg Grant Size

$14K

-9.2% YoY

Under IRS private-foundation payout rules, The David NK and Aileen Wang Foundatio reported a distributable amount of $143K for 2024 — the minimum it must pay out in qualifying distributions.

How The David NK and Aileen Wang Foundatio gives

  • Giving fell 21% from 2021 to 2024. Method
  • In 2024 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

4states

Share of all 6 itemized 2024 grant dollars.

Cities

San JoseSaratogaMilpitasSanta ClaraSeattleCharlestonFairfieldMountain ViewOaklandSan Francisco

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K7 grants20204 grants20215 grants20225 grants20236 grants2024

From 2020 to 2024, annual grant giving ranged from $68K (2022) to $107K (2021). In 2024 it made 6 grants totaling $85K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Uc Regent: $30KUc Regent$30KCycudf-NA: $30KCycudf-NA$30KDV Dance: $10KDV Dance$10KEvangelical Chinese Church of Seatt: $10KEvangelical Chinese Church ofSeatt$10KThe Salvation Army: $3KThe Salvation Army$3KYoung Spirit Foundation: $2KYoung Spirit Foundation$2K

The largest 2024 recipient was Uc Regent ($30K). Together the top 6 received $85K.

Grant Size Distribution

27 grants across all recorded years

26<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 26 grants of 27 (96%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Uc Regent Oakland, CACharity Purpose$30,000
Cycudf-NA Milpitas, CACharity Purpose$30,000
DV Dance San Jose, CACharity Purpose$10,000
Evangelical Chinese Church of Seatt Seattle, WACharity Purpose$10,000
The Salvation Army San Jose, CACharity Purpose$3,000
Young Spirit Foundation Mountain View, CACharity Purpose$2,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K20202021202220232024
Metric202420232022
Total Assets$3,297,134$2,553,934$1,836,669
Revenue$92,541$-20,758$36,577
Expenses$133,013$133,662$109,349
Qualifying Distributions$113,217$114,786$106,016
Net Investment Income$61,490$29,257$24,213
Distributable Amount$143,404$114,944—

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 David NK and Aileen Wang Foundatio is led by David N. K. Wang, President & CEO on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • David N. K. Wang

    President & CEO

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Aileen A. P. Wang

    Vice President

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Pearl Wang

    Secretary

    On filings since 2020

    5 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.

Frequently asked questions about The David NK and Aileen Wang Foundatio

How much does The David NK and Aileen Wang Foundatio give each year?

The David NK and Aileen Wang Foundatio gave $85K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $78K across 5 grants.

What is The David NK and Aileen Wang Foundatio's typical grant size?

The David NK and Aileen Wang Foundatio's median grant in 2024 was $10,000, and its average grant was $14,167, across 6 grants on its 2024 IRS Form 990-PF.

Where does The David NK and Aileen Wang Foundatio give grants?

The David NK and Aileen Wang Foundatio gives mostly in California: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Washington (12%). The most frequent recipient cities were San Jose, CA (2 grants).

Does The David NK and Aileen Wang Foundatio give general operating support?

Not in 2024: none of the 6 grants with a stated purpose on The David NK and Aileen Wang Foundatio's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity Purpose" (6 grants).

Who are The David NK and Aileen Wang Foundatio's largest grantees?

The David NK and Aileen Wang Foundatio's largest 2024 grantees include Uc Regent ($30,000), Cycudf-NA ($30,000) and DV Dance ($10,000), according to its 2024 IRS Form 990-PF. Together they received 82% of its itemized 2024 grant dollars.

How large is The David NK and Aileen Wang Foundatio?

The David NK and Aileen Wang Foundatio reported $3.3M in total assets on its 2024 IRS Form 990-PF. It paid out $113K in qualifying distributions that year, against a required minimum of $143K (roughly 5% of its investment assets).

What is The David NK and Aileen Wang Foundatio's EIN?

The David NK and Aileen Wang Foundatio's EIN (Employer Identification Number) is 77-0529548. 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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