The Ping Cheng Family Foundation
The Ping Cheng Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$288K
-3.7% YoY
Annual Giving
$18K
+75.0% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$4K
-30.0% YoY
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.
About The Ping Cheng Family Foundation
Based on IRS filings
The Ping Cheng Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $287,775 | $298,841 | $193,903 |
| Revenue | $7,057 | $116,362 | $5,034 |
| Expenses | $18,123 | $11,424 | $11,828 |
| Qualifying Distributions | $18,020 | $10,300 | $9,300 |
| Net Investment Income | $6,954 | $3,808 | $2,506 |
| Distributable Amount | $17,126 | $12,387 | $9,985 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University Mississippi ($10,000), World Venture ($3,600), South Bay Community Church ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY MISSISSIPPI UNIVERSITY, MS | PROVIDE FOR SCHOLARSHIP FUND. | $10,000 |
| SOUTH BAY COMMUNITY CHURCH TORRANCE, CA | PROVIDE FOR SCHOLARSHIP FUND. | $3,000 |
| 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 |
| 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 |
| JAPANESE EVANGELICAL MISSIONARY SOC LOS ANGELES, CA | PROVIDE FOR SCHOLARSHIP FUND. | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PING C CHENG | Director | — | — |
| YII-TAI CHENG | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Ping Cheng Family Foundation?
The Ping Cheng Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEMPLE CITY, CA. It holds $288K in total assets as of 2024.
How large is The Ping Cheng Family Foundation?
As of 2024, The Ping Cheng Family Foundation holds $288K in total assets with $7K in annual revenue. It awarded 5 grants totaling $18K in 2024.
Where does The Ping Cheng Family Foundation operate?
The Ping Cheng Family Foundation has awarded grants in California, Colorado, Mississippi, New Mexico.
What size grants does The Ping Cheng Family Foundation award?
In 2024, The Ping Cheng Family Foundation awarded 5 grants totaling $18K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Ping Cheng Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ping Cheng Family Foundation reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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