The Ping Y Tai Foundation Inc

NEW YORK, NY EIN: 13-3980789

Philanthropy Nonprofits Health In-patient medical care Hospital care

The Ping Y Tai Foundation Inc is a private foundation established in 1998 and located at 125 Park Avenue, 25th Floor, New York, NY 10017. The foundation operates as an independent 501(c)(3) organization with no employees.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$19.1M

-0.7% YoY

Annual Giving

$1.0M

-6.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$43K

-6.8% YoY

Under IRS private-foundation payout rules, The Ping Y Tai Foundation Inc reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with primary geographic concentration in New York, Virginia, and Texas.

Grantmaking

The foundation distributes approximately $1,000,000 in annual grants. Typical grant awards range from $10,000 to $100,000.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in New York, Virginia, and Texas.

Grant Distribution by State

New York $4.2M (79%)

Virginia $320K (6%)

Maryland $310K (6%)

Texas $300K (6%)

Pennsylvania $195K (4%)

States

Maryland New York Pennsylvania Texas Virginia

Cities

ArlingtonClarksburgDallasFlushingNew YorkPort WashingtonRadnor

Financial History

Multi-year comparison from IRS filings

As of fiscal year ending November 2023:

Total Assets: $19,279,025
Total Revenues: $2,013,881
Total Expenses: $1,286,919
Investment Income and Dividends: $605,455
Total Giving: $1,025,000

The foundation has experienced exceptional growth, with revenue increasing at an average rate of 32.8% annually over the past four years.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$19,141,033	$19,279,025	$18,531,979
Revenue	$1,090,670	$2,013,881	$1,295,531
Expenses	$1,204,360	$1,286,919	$1,362,553
Qualifying Distributions	$1,031,648	$1,110,602	$1,195,248
Net Investment Income	$931,310	$1,860,221	$1,140,884
Distributable Amount	$1,115,492	$1,023,297	$1,114,227

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

119 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Memorial Sloan-kettering ($80,000), The Leukemia Lymphoma Societ ($80,000), Citymeals-on-wheels ($65,000).

Recipient	Purpose	Amount
AMERICAN HEART ASSOCIATION Dallas, TX	PROJECT/PROGRAM SUPPORT	$55,000
AMERICAN RED CROSS New York, NY	PROJECT/PROGRAM SUPPORT	$55,000
AMERICAN CANCER SOCIETY NEW YORK, NY	PROJECT/PROGRAM SUPPORT	$60,000
MEMORIAL SLOAN-KETTERING New York, NY	PROJECT/PROGRAM SUPPORT	$80,000
THE LEUKEMIA LYMPHOMA SOCIET New York, NY	PROJECT/PROGRAM SUPPORT	$80,000
CITYMEALS-ON-WHEELS New York, NY	PROJECT/PROGRAM SUPPORT	$65,000
LIGHTHOUSE INTERNATIONAL New York, NY	PROJECT/PROGRAM SUPPORT	$40,000
UNITED STATES FUND FOR UNICEF New York, NY	PROJECT/PROGRAM SUPPORT	$40,000
COVENANT HOUSE New York, NY	PROJECT/PROGRAM SUPPORT	$30,000
RESEARCH TO PREVENT BLINDNESS New York, NY	PROJECT/PROGRAM SUPPORT	$40,000

Leadership & Key People

Leadership team and compensation from IRS filings

Michael Duffalo serves as President with annual compensation of $24,000 (as of October 2024).

Yueh Chuen Chen is listed as a trustee.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KENNETH SHAPIRO	Treasurer	5	$12,000
MICHAEL DUFFALO	President	12	$24,000
STEPHANIE FLEISCHER	Secretary	5	$12,000

Contact Information

Telephone: 212-752-6353

Subject Areas

Focus areas based on grantmaking activity

Philanthropy Nonprofits Health In-patient medical care Hospital care

Frequently Asked Questions

What does The Ping Y Tai Foundation Inc fund?

The foundation's grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with primary geographic concentration in New York, Virginia, and Texas.

How do I apply for a grant from The Ping Y Tai Foundation Inc?

The foundation distributes approximately $1,000,000 in annual grants. Typical grant awards range from $10,000 to $100,000. Recent grants documented include: • Citymeals-On-Wheels: $70,000 (Project/program support, 2023) • Food Bank for New York City: $65,000 (Project/program support, 2023) • American Heart Association: $60,000 (Project/program support, 2023)

Where does The Ping Y Tai Foundation Inc make grants?

The foundation primarily funds organizations in New York, Virginia, and Texas.

What size grants does The Ping Y Tai Foundation Inc award?

In 2024, The Ping Y Tai Foundation Inc awarded 24 grants totaling $1.0M — an average of about $43K per grant, based on its IRS Form 990 filings.

How much is The Ping Y Tai Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ping Y Tai Foundation Inc reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.