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.
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
Share of all 6 itemized 2024 grant dollars.
Cities
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.
Grant Insights
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%).
Giving History
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 |
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 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- 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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