The Tong Family Foundation
The Tong Family Foundation is a private foundation, based in Friday Harbor, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it made $8K in qualifying distributions. Net investment income was $105K.
The Tong Family Foundation at a glance
- Total assets
- $1,647,654
- +6.3% vs 2023
- Revenue (2024)
- $118,198
- +93.7% vs 2023
- Qualifying distributions (2024)
- $8,000
- -84.0% vs 2023
- Expenses (2024)
- $21,147
- -65.8% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Tong Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Tong Family Foundation gives
- Giving fell 80% from 2020 to 2023. Method
- In 2024 it paid out 9% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2023, annual grant giving ranged from $50K (2023) to $255K (2021). In 2023 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Wisconsin Foundation Madison, WI | Support | $50,000 |
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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 | $1,647,654 | $118,198 | $21,147 | — | — | $8,000 | $105,051 | $89,220 |
| 2023 | $1,550,603 | $61,035 | $61,854 | $50,000 | 1 | $50,000 | $49,181 | $79,396 |
| 2022 | $1,551,422 | $5,772 | $47,290 | — | — | — | $22,576 | $78,872 |
| 2021 | $1,592,940 | $154,033 | $275,719 | $255,000 | 2 | $259,155 | $142,469 | $88,758 |
| 2020 | $1,714,626 | $1,434,392 | $273,804 | $250,000 | 1 | — | $743,548 | $70,476 |
Under IRS private-foundation payout rules, The Tong Family Foundation reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Tong Family Foundation's 2024 filing lists 6 officers; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Tong
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Janet Tong
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Jennifer Tong
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Jessica Baron
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Peter Tong
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Sarah Tong Sangmeister
Director
On filings since 2020
0.5 hrs/week
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 Tong Family Foundation
How large is The Tong Family Foundation?
The Tong Family Foundation reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $89K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Tong Family Foundation operate?
The Tong Family Foundation has awarded grants in California, Kansas, Wisconsin.
What is The Tong Family Foundation's EIN?
The Tong Family Foundation's EIN (Employer Identification Number) is 91-6468627. 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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