The Tang Fund is a private grantmaking foundation established in 2015 and based in New York, NY (551 Fifth Avenue, 33rd Floor). It operates as a 501(c)(3) organization and serves as the philanthropic vehicle for Oscar L. Tang and Agnes Hsu-Tang. The foundation makes strategic charitable contributions aligned with the founders' priorities in education, arts, and cultural understanding.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$7.8M
+10.7% YoY
Grant Count
85
+3.7% YoY
Avg Grant Size
$91K
+6.8% YoY
Mission & Focus Areas
The Tang Fund's giving is guided by a belief in the transformative power of education and the arts. Primary funding priorities include:
- Diversity and racism awareness
- Higher and secondary education
- Cultural programs and community development
- Chinese-American cultural understanding
- Arts and social justice
Grantmaking
No traditional grant programs or formal application process is publicly disclosed. The foundation makes strategic contributions to institutions aligned with the founders' priorities.
Grant Range
varies significantly, from smaller grants to multi-million dollar gifts
How to Apply
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Geographic Focus
Where this funder awards grants
Primarily New York, with national reach to major educational and cultural institutions. Recent giving also extends to Colorado and Connecticut.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $43.6 million
- Total Revenue: $4.65 million
- Total Expenses: $7.37 million
- Total Liabilities: $0
As of 2024:
- Total Assets: $54 million
- Total Giving: $7.8 million
Historical Context: The Tangs have collectively given over $190 million in philanthropic gifts, establishing themselves as major figures in New York's cultural philanthropy.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Oscar L. Tang – President; co-founder of Reich & Tang asset management firm
- Agnes Hsu-Tang – Director/Vice President; noted cultural historian and former U.S. Representative to the United Nations Educational, Scientific, and Cultural Organization (UNESCO)
- Gwenn S Winkhaus – Secretary and Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OSCAR L TANG | PRESIDENT | 2 | — |
| HSIN-MEI AGNES HSU | DIRECTOR/VICE PRESIDENT | 1 | — |
| GWENN S WINKHAUS | SECRETARY/TREASURER | 1 | — |
| CATHERINE L WORNOM | ASST. SECRETARY | 2 | — |
Recent News & Activity
Recent developments and announcements
The Tang family has made significant recent contributions to major cultural and educational institutions:
Landmark $125 million gift to The Metropolitan Museum of Art from Oscar Tang and Agnes Hsu-Tang
The Metropolitan Museum of Art Announces Landmark Gift of $125 Million from$20 million gift to Columbia University to establish the Tang Fund for Engineering Innovations in Financial Technology
Tang Family Gives $20 Million to Establish the Tang Fund for EngineeringExpanded support for Skidmore College academics and the Tang Teaching Museum
Tang Family Fund expands support of Skidmore academics and Tang MuseumSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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