The David Nk and Aileen Wang Foundatio
The David Nk and Aileen Wang Foundatio is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About The David Nk and Aileen Wang Foundatio
Based on IRS filings
The David Nk and Aileen Wang Foundatio is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $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 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Uc Regent ($30,000), Cycudf-na ($30,000), Dv Dance ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UC REGENT OAKLAND, CA | CHARITY PURPOSE | $30,000 |
| DV DANCE SAN JOSE, CA | CHARITY PURPOSE | $10,000 |
| CYCUDF-NA MILPITAS, CA | CHARITY PURPOSE | $30,000 |
| THE SALVATION ARMY SAN JOSE, CA | CHARITY PURPOSE | $3,000 |
| EVANGELICAL CHINESE CHURCH OF SEATT SEATTLE, WA | CHARITY PURPOSE | $10,000 |
| YOUNG SPIRIT FOUNDATION MOUNTAIN VIEW, CA | CHARITY PURPOSE | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID N K WANG | President & CEO | 10 | — |
| AILEEN A P WANG | Vice President | 5 | — |
| PEARL WANG | Secretary | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The David Nk and Aileen Wang Foundatio?
The David Nk and Aileen Wang Foundatio is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARATOGA, CA. It holds $3.3M in total assets as of 2024.
How large is The David Nk and Aileen Wang Foundatio?
As of 2024, The David Nk and Aileen Wang Foundatio holds $3.3M in total assets with $93K in annual revenue. It awarded 6 grants totaling $85K in 2024.
Where does The David Nk and Aileen Wang Foundatio operate?
The David Nk and Aileen Wang Foundatio has awarded grants in California, Connecticut, South Carolina, Washington.
What size grants does The David Nk and Aileen Wang Foundatio award?
In 2024, The David Nk and Aileen Wang Foundatio awarded 6 grants totaling $85K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is The David Nk and Aileen Wang Foundatio required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The David Nk and Aileen Wang Foundatio reported a distributable amount of $143K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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