The Eugene and Lai Wong Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $883K in total assets. In 2023, it awarded 7 grants totaling $93K. Net investment income was $14K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$883K
-10.9% YoY
Annual Giving
$93K
+147.0% YoY
Grant Count
7
-46.2% YoY
Avg Grant Size
$13K
+358.6% YoY
Under IRS private-foundation payout rules, The Eugene and Lai Wong Foundation reported a distributable amount of $48K for 2023 — the minimum it must pay out in qualifying distributions.
About The Eugene and Lai Wong Foundation
Based on IRS filings
The Eugene and Lai Wong Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $883K in total assets. In 2023, it awarded 7 grants totaling $93K. Net investment income was $14K.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $882,797 | $990,302 | $1,085,771 |
| Revenue | $46,755 | $-993 | $41,082 |
| Expenses | $154,263 | $92,058 | $100,554 |
| Qualifying Distributions | $92,559 | $59,400 | $61,819 |
| Net Investment Income | $14,240 | $104 | $34,503 |
| Distributable Amount | $48,139 | $53,509 | $58,663 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2023
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include University of Nevada Reno ($69,080), E2 Vegas ($12,129), The Generator Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF NEVADA RENO RENO, NV | CHARITABLE | $69,080 |
| E2 VEGAS LAS VEGAS, NV | CHARITABLE | $12,129 |
| THE GENERATOR INC SPARKS, NV | CHARITABLE | $5,000 |
| ARTOWN RENO, NV | CHARITABLE | $3,100 |
| LEADERSHIP FOUNDATION HENDERSON, NV | CHARITABLE | $2,000 |
| LAYMAN'S FOUNDATION CAMBRIDGE, MA | CHARITABLE | $1,000 |
| POP'S FOUNDATION HAYWARD, CA | CHARITABLE | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EUGENE WONG | TRUSTEE, PRES & TREASURER | 0.25 | — |
| LAI WONG | TRUSTEE, V.P. & SECRETARY | 0.25 | — |
| RICHARD YOOK | TRUSTEE | 0.25 | — |
| VANESSA C WONG | TRUSTEE | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Eugene and Lai Wong Foundation?
The Eugene and Lai Wong Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. It holds $883K in total assets as of 2023.
How large is The Eugene and Lai Wong Foundation?
As of 2023, The Eugene and Lai Wong Foundation holds $883K in total assets with $47K in annual revenue. It awarded 7 grants totaling $93K in 2023.
Where does The Eugene and Lai Wong Foundation operate?
The Eugene and Lai Wong Foundation has awarded grants in California, Florida, Massachusetts, Michigan, Nevada, New York, Oregon.
What size grants does The Eugene and Lai Wong Foundation award?
In 2023, The Eugene and Lai Wong Foundation awarded 7 grants totaling $93K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The Eugene and Lai Wong Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Eugene and Lai Wong Foundation reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Eugene and Lai Wong Foundation's EIN?
The Eugene and Lai Wong Foundation's EIN (Employer Identification Number) is 56-2467140. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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