The Marcus and Desiree Chung Family Foundation
The Marcus and Desiree Chung Family Foundation is a private foundation, based in San Francisco, CA. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 5 grants totaling $100K. Net investment income was $93K.
The Marcus and Desiree Chung Family Foundation at a glance
In short: The Marcus and Desiree Chung Family Foundation gave $100K across 5 grants in 2025 (avg $20K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $100,150
- +0.1% vs 2024
- Grants made (2025)
- 5
- -28.6% vs 2024
- Average grant
- $20,030
- +40.2% vs 2024
- Median grant
- $20,000
- Total assets
- $2,167,902
- +11.2% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Marcus and Desiree Chung Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was UCLA ($30K). Together the top 5 received $100K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How The Marcus and Desiree Chung Family Foundation gives
- In 2025 it paid out 100% 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 2023 to 2025, annual grant giving ranged from $500 (2023) to $100K (2025). In 2025 it made 5 grants totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UCLA Los Angeles, CA | To support the University Research Centers Scholarship Program 20,000 and the Neuroscience Departments Discretionary Fund 10,000. | $30,000 |
| Palma School Salinas, CA | Support for the Palma School Foundations SPARK Initiative | $25,000 |
| Stanford University Stanford, CA | Contribution to Stanford Bio-X Interdisciplinary Biosciences Institute undergraduate student projects and other department needs | $20,000 |
| Monterey Bay Aquarium Monterey, CA | Support for Early Learners and New Penguin Exhibit. | $20,000 |
| Operation Freedom Paws Gilroy, CA | General support for the care and training of service dogs for the disabled discretionary fund. | $5,150 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,167,902 | $103,866 | $117,964 | $100,150 | 5 | $100,347 | $93,071 | $100,652 |
| 2024 | $1,950,206 | $49,911 | $114,205 | $100,000 | 7 | $100,000 | $49,911 | $97,659 |
| 2023 | $1,999,500 | $2,000,000 | — | $500 | 1 | $500 | — | $6,747 |
Under IRS private-foundation payout rules, The Marcus and Desiree Chung Family Foundation reported a distributable amount of $101K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Marcus and Desiree Chung Family Foundation is led by Marcus Chung, President on every filing since 2023; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marcus Chung
President
On filings since 2023
2 hrs/week
No compensation reported
Desiree Chung
Secretary Treasurer
On filings since 2023
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 Marcus and Desiree Chung Family Foundation
How much does The Marcus and Desiree Chung Family Foundation give each year?
The Marcus and Desiree Chung Family Foundation gave $100K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 7 grants.
What is The Marcus and Desiree Chung Family Foundation's typical grant size?
The Marcus and Desiree Chung Family Foundation's median grant in 2025 was $20,000, and its average grant was $20,030, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Marcus and Desiree Chung Family Foundation give grants?
The Marcus and Desiree Chung Family Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Marcus and Desiree Chung Family Foundation give general operating support?
Yes: 20% of The Marcus and Desiree Chung Family Foundation's 2025 grants with a stated purpose (1 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Marcus and Desiree Chung Family Foundation's largest grantees?
The Marcus and Desiree Chung Family Foundation's largest 2025 grantees include UCLA ($30,000), Palma School ($25,000) and Stanford University ($20,000), according to its 2025 IRS Form 990-PF. Together they received 75% of its itemized 2025 grant dollars.
How large is The Marcus and Desiree Chung Family Foundation?
The Marcus and Desiree Chung Family Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $101K (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 Marcus and Desiree Chung Family Foundation's EIN?
The Marcus and Desiree Chung Family Foundation's EIN (Employer Identification Number) is 93-4831437. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2023–2024
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