The Hwang Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 20 grants totaling $99K. Net investment income was $179K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+4.1% YoY
Annual Giving
$99K
+8.6% YoY
Grant Count
20
-9.1% YoY
Avg Grant Size
$5K
+19.5% YoY
Under IRS private-foundation payout rules, The Hwang Foundation reported a distributable amount of $116K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hwang Foundation
Based on IRS filings
The Hwang Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 20 grants totaling $99K. Net investment income was $179K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,020,765 | $1,940,581 | $1,979,172 |
| Revenue | $200,091 | $86,172 | $616,309 |
| Expenses | $119,907 | $124,763 | $133,182 |
| Qualifying Distributions | $106,484 | $98,473 | $113,600 |
| Net Investment Income | $178,895 | $73,898 | $708,685 |
| Distributable Amount | $115,637 | $106,320 | $98,668 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include 7 Stages Discipleship Bridges ($22,000), Chinese Gospel Church ($15,000), Poetice ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 7 STAGES DISCIPLESHIP BRIDGES HOUSTON, TX | General & Unrestricted | $22,000 |
| AMBASSADORS FOR CHRIST INC PARADISE, PA | Chinese Mission Convention FUND | $2,100 |
| BCM INTERNATIONAL INC LANCASTER, PA | Global Ministry Fund | $5,000 |
| CHINESE GOSPEL CHURCH LIVONIA, MI | Action Missions - General Purpose Fund | $15,000 |
| MANNA FOOD CENTER INC SILVER SPRING, MD | General & Unrestricted | $3,000 |
| MARYLAND GOSPEL CHURCH NORTH POTOMAC, MD | General & Unrestricted | $5,000 |
| MARYLAND GOSPEL CHURCH NORTH POTOMAC, MD | Mission Ministry FUND | $2,000 |
| MARYLAND GOSPEL CHURCH NORTH POTOMAC, MD | TO PURCHASE LUNCH | $2,000 |
| MEALS ON WHEELS OF CENTRAL MARYLAND INC BALTIMORE, MD | Hot home-delivered meals FUNDS | $2,000 |
| PIONEERS ORLANDO, FL | General & Unrestricted | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jesse Hwang | Dir | 1 | — |
| Ray-way Hwang | Pres, Dir, Sec | 1 | — |
| Raymond Hwang | Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hwang Foundation?
The Hwang Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $2.0M in total assets as of 2024.
How large is The Hwang Foundation?
As of 2024, The Hwang Foundation holds $2.0M in total assets with $200K in annual revenue. It awarded 20 grants totaling $99K in 2024.
Where does The Hwang Foundation operate?
The Hwang Foundation has awarded grants in Arizona, California, Colorado, District of Columbia, Florida, Illinois, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Washington.
What size grants does The Hwang Foundation award?
In 2024, The Hwang Foundation awarded 20 grants totaling $99K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Hwang Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hwang Foundation reported a distributable amount of $116K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hwang Foundation's EIN?
The Hwang Foundation's EIN (Employer Identification Number) is 26-1621876. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hwang Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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