The Marcus and Desiree Chung Family Foundation
The Marcus and Desiree Chung Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN FRANCISCO, CA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 7 grants totaling $100K. Net investment income was $50K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
-2.5% YoY
Annual Giving
$100K
+19900.0% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$14K
+2757.1% YoY
Under IRS private-foundation payout rules, The Marcus and Desiree Chung Family Foundation reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.
About The Marcus and Desiree Chung Family Foundation
Based on IRS filings
The Marcus and Desiree Chung Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN FRANCISCO, CA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 7 grants totaling $100K. Net investment income was $50K.
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 |
|---|---|---|
| Total Assets | $1,950,206 | $1,999,500 |
| Revenue | $49,911 | $2,000,000 |
| Expenses | $114,205 | — |
| Qualifying Distributions | $100,000 | $500 |
| Net Investment Income | $49,911 | — |
| Distributable Amount | $97,659 | $6,747 |
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 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ucla ($25,000), Palma School ($20,000), Stanford University ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Operation Freedom Paws Gilroy, CA | General support for the care and training of service dogs for the disabled | $10,000 |
| St Jude Childrens Research Hospital Memphis, TN | General support for patients and their families | $5,000 |
| Palma School Salinas, CA | General support for education of the schools students | $20,000 |
| UCLA Los Angeles, CA | To support the Integrative Biology & Physiology Department Directors Discretionary Fund - Neuroscience | $25,000 |
| Lazarex Cancer Foundation Danville, CA | General support for cancer patients and their families | $5,000 |
| Monterey Bay Aquarium Monterey, CA | General support for ocean conservation programs | $15,000 |
| Stanford University Stanford, CA | Contribution to the General Gifts Fund for Stanford Bio-X Interdisciplinary Biosciences Institute. | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marcus Chung | President | 2 | — |
| Desiree Chung | Secretary Treasurer | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Marcus and Desiree Chung Family Foundation?
The Marcus and Desiree Chung Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN FRANCISCO, CA. It holds $2.0M in total assets as of 2024.
How large is The Marcus and Desiree Chung Family Foundation?
As of 2024, The Marcus and Desiree Chung Family Foundation holds $2.0M in total assets with $50K in annual revenue. It awarded 7 grants totaling $100K in 2024.
Where does The Marcus and Desiree Chung Family Foundation operate?
The Marcus and Desiree Chung Family Foundation has awarded grants in California, Tennessee.
What size grants does The Marcus and Desiree Chung Family Foundation award?
In 2024, The Marcus and Desiree Chung Family Foundation awarded 7 grants totaling $100K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is The Marcus and Desiree Chung Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Marcus and Desiree Chung Family Foundation reported a distributable amount of $98K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2023–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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