The David NK and Aileen Wang Foundatio
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.
The David NK and Aileen Wang Foundatio at a glance
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.
- Annual giving (2024)
- $85,000
- +9.0% vs 2023
- Grants made (2024)
- 6
- +20.0% vs 2023
- Average grant
- $14,167
- -9.2% vs 2023
- Median grant
- $10,000
- Total assets
- $3,297,134
- +29.1% vs 2023
- Primary geography
- California (88% 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 David NK and Aileen Wang Foundatio funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Uc Regent ($30K). Together the top 6 received $85K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 26 grants of 27 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $68K (2022) to $107K (2021). In 2024 it made 6 grants totaling $85K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Uc Regent Oakland, CA | Charity Purpose | $30,000 |
| Cycudf-NA Milpitas, CA | Charity Purpose | $30,000 |
| DV Dance San Jose, CA | Charity Purpose | $10,000 |
| Evangelical Chinese Church of Seatt Seattle, WA | Charity Purpose | $10,000 |
| The Salvation Army San Jose, CA | Charity Purpose | $3,000 |
| Young Spirit Foundation Mountain View, CA | Charity Purpose | $2,000 |
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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 | $3,297,134 | $92,541 | $133,013 | $85,000 | 6 | $113,217 | $61,490 | $143,404 |
| 2023 | $2,553,934 | $-20,758 | $133,662 | $78,000 | 5 | $114,786 | $29,257 | $114,944 |
| 2022 | $1,836,669 | $36,577 | $109,349 | $68,000 | 5 | $106,016 | $24,213 | — |
| 2021 | $2,968,052 | $106,293 | $153,547 | $107,000 | 4 | $153,547 | $94,510 | $130,923 |
| 2020 | $2,440,000 | $35,963 | $127,864 | $93,000 | 7 | — | $27,924 | $98,238 |
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.
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 10, 2023)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The David NK and Aileen Wang Foundatio funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The David NK and Aileen Wang Foundatio's focus areas in our free grants database
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