The Ruth Foundation

Foundation · Grantmaker Flushing, NY EIN: 11-3507688

The Ruth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Flushing, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 2 grants totaling $50K.

Key facts about The Ruth Foundation

EIN: 11-3507688
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $50,000
Grants made (2024): 2
Average grant: $25,000
Median grant: $25,000
Total assets: $3,396
Primary geography: New York (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How The Ruth Foundation gives

Giving grew 96% from 2021 to 2024. Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Ruth Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3K

+1402.7% YoY

Annual Giving

$50K

+376.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$25K

+376.2% YoY

Under IRS private-foundation payout rules, The Ruth Foundation reported a distributable amount of $408 for 2024 — the minimum it must pay out in qualifying distributions.

About The Ruth Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $50K (100%)

Share of all 2 itemized 2024 grant dollars.

States

New York

Cities

New YorkFlushingWest Hempstead

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,396	$226	$861
Revenue	$57,000	$13,800	$16,500
Expenses	$53,830	$14,435	$18,897
Qualifying Distributions	$53,830	$13,648	$18,118
Net Investment Income	—	—	—
Distributable Amount	$408	$74	$139

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Chinese Christian Herald Crusades Inc ($40,000), New York Presbyterian Fund Inc ($10,000).

Recipient	Purpose	Amount
CHINESE CHRISTIAN HERALD CRUSADES INC Flushing, NY	FOR GENERAL SUPPORT	$40,000
NEW YORK PRESBYTERIAN FUND INC New York, NY	FOR GENERAL SUPPORT	$10,000

Leadership & Key People

Officers and directors from IRS filings

The Ruth Foundation is led by Alison G. Fung, President & Dr. since 2024 (on filings since 2023); none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

Alison G. Fung

President & Dr.

President & D → President & Dr., 2024

On filings since 2023

4 hrs/week

No compensation reported
Robert C. Lee

Vice President & Dr.

New on the 2024 filing

4 hrs/week

No compensation reported
Stephen G. Fung

Secy-Treas & Dr.

New on the 2024 filing

4 hrs/week

No compensation reported

Former officers (1)

Former: Lai Wah Fung (2020–2023) — Vice President & Director

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.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Ruth Foundation?

The Ruth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Flushing, NY. It holds $3K in total assets as of 2024.

How large is The Ruth Foundation?

As of 2024, The Ruth Foundation holds $3K in total assets with $57K in annual revenue. It awarded 2 grants totaling $50K in 2024.

Where does The Ruth Foundation operate?

The Ruth Foundation has awarded grants in New York.

What size grants does The Ruth Foundation award?

In 2024, The Ruth Foundation awarded 2 grants totaling $50K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is The Ruth Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ruth Foundation reported a distributable amount of $408 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.