The Ping Cheng Family Foundation
The Ping Cheng Family Foundation is a private foundation, based in Temple City, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $288K in total assets. In 2024, it awarded 5 grants totaling $18K. Net investment income was $7K.
The Ping Cheng Family Foundation at a glance
In short: The Ping Cheng Family Foundation gave $18K across 5 grants in 2024 (avg $4K), mostly in Mississippi. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $18,020
- +75.0% vs 2023
- Grants made (2024)
- 5
- +150.0% vs 2023
- Average grant
- $3,604
- -30.0% vs 2023
- Median grant
- $3,000
- Total assets
- $287,775
- -3.7% vs 2023
- Primary geography
- Mississippi (55% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Ping Cheng Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was University Mississippi ($10K). Together the top 5 received $18K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Ping Cheng Family Foundation gives
- Giving grew 683% from 2021 to 2024. Method
- In 2024 it paid out 105% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $2K (2021) to $18K (2024). In 2024 it made 5 grants totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University Mississippi University, MS | Provide for Scholarship Fund. | $10,000 |
| World Venture Englewood, CO | Engage the world for gospel impact. Their vision is to see multitudes of disciples compelled by the love of God and willing to risk all so that people are transformed by God, impacting their families, communities, and world. | $3,600 |
| South Bay Community Church Torrance, CA | Provide for Scholarship Fund. | $3,000 |
| Japanese Evangelical Missionary Soc Los Angeles, CA | Provide for Scholarship Fund. | $1,000 |
| Loving One by One Ministries Torrance, CA | Serving impoverished children and their families in Uganda by facilitating Christ-inspired physical, spiritual and educational changes in their lives. | $420 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $287,775 | $7,057 | $18,123 | $18,020 | 5 | $18,020 | $6,954 | $17,126 |
| 2023 | $298,841 | $116,362 | $11,424 | $10,300 | 2 | $10,300 | $3,808 | $12,387 |
| 2022 | $193,903 | $5,034 | $11,828 | $9,300 | 2 | $9,300 | $2,506 | $9,985 |
| 2021 | $200,697 | $88,491 | $3,890 | $2,300 | 3 | $2,300 | $2,579 | $8,858 |
| 2020 | $116,096 | $3,912 | $7,162 | $4,800 | 3 | — | $1,550 | $6,465 |
Under IRS private-foundation payout rules, The Ping Cheng Family Foundation reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Ping Cheng Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ping C. Cheng
Director
On filings since 2020
No compensation reported
Yii-Tai Cheng
Director
On filings since 2020
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 Ping Cheng Family Foundation
How much does The Ping Cheng Family Foundation give each year?
The Ping Cheng Family Foundation gave $18K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 2 grants.
What is The Ping Cheng Family Foundation's typical grant size?
The Ping Cheng Family Foundation's median grant in 2024 was $3,000, and its average grant was $3,604, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Ping Cheng Family Foundation give grants?
The Ping Cheng Family Foundation gives mostly in Mississippi: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (25%) and Colorado (20%). The most frequent recipient cities were Torrance, CA (2 grants).
Does The Ping Cheng Family Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on The Ping Cheng Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Provide for Scholarship Fund." (3 grants).
Who are The Ping Cheng Family Foundation's largest grantees?
The Ping Cheng Family Foundation's largest 2024 grantees include University Mississippi ($10,000), World Venture ($3,600) and South Bay Community Church ($3,000), according to its 2024 IRS Form 990-PF. Together they received 92% of its itemized 2024 grant dollars.
How large is The Ping Cheng Family Foundation?
The Ping Cheng Family Foundation reported $288K in total assets on its 2024 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets).
What is The Ping Cheng Family Foundation's EIN?
The Ping Cheng Family Foundation's EIN (Employer Identification Number) is 27-1288534. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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