The Yung Hope Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAK BROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 19 grants totaling $106K. Net investment income was $80K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+2.6% YoY
Annual Giving
$106K
+2.6% YoY
Grant Count
19
-9.5% YoY
Avg Grant Size
$6K
+13.4% YoY
Under IRS private-foundation payout rules, The Yung Hope Foundation reported a distributable amount of $114K for 2024 — the minimum it must pay out in qualifying distributions.
About The Yung Hope Foundation
Based on IRS filings
The Yung Hope Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAK BROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 19 grants totaling $106K. Net investment income was $80K.
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 | $2,352,613 | $2,292,375 | $2,220,132 |
| Revenue | $79,872 | $95,130 | $23,380 |
| Expenses | $110,813 | $106,353 | $108,181 |
| Qualifying Distributions | $108,784 | $105,932 | $107,470 |
| Net Investment Income | $79,872 | $82,641 | $17,341 |
| Distributable Amount | $113,510 | $109,991 | $113,107 |
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
88 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ccuc ($53,300), Pui Tak Center ($30,000), Urban Voice ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRIGHT PROMISES FOUNDATION CHICAGO, IL | GENERAL SUPPORT | $100 |
| CCUC CHICAGO, IL | GENERAL SUPPORT | $53,300 |
| CHINESE AMERICA SERVICE LEAGUE CHICAGO, IL | GENERAL SUPPORT | $100 |
| CHINESE AMERICAN MUSEUM OF CHICAGO CHICAGO, IL | GENERAL SUPPORT | $100 |
| CHINESE CHRISTIAN HERALD CRUSADE FLUSHING, NY | GENERAL SUPPORT | $2,000 |
| CHINESE CHRISTIAN MISSION PETALUMA, CA | GENERAL SUPPORT | $800 |
| COLUMBIA UNIVERSITY NEW YORK, NY | GENERAL SUPPORT | $1,000 |
| DOCTOR WITHOUT BORDERS NEW YORK, NY | GENERAL SUPPORT | $100 |
| INTERVARSITY LOS ANGELES, CA | GENERAL SUPPORT | $100 |
| NYU NEW YORK, NY | GENERAL SUPPORT | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR CHEUK W YUNG | PRESIDENT | 3 | — |
| BETSY P YUNG | SECETARY/TREASURER | 1 | — |
| SOPHIA M MOY | VICE PRESIDENT | 1 | — |
| STEVE C YUNG | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Yung Hope Foundation?
The Yung Hope Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAK BROOK, IL. It holds $2.4M in total assets as of 2024.
How large is The Yung Hope Foundation?
As of 2024, The Yung Hope Foundation holds $2.4M in total assets with $80K in annual revenue. It awarded 19 grants totaling $106K in 2024.
Where does The Yung Hope Foundation operate?
The Yung Hope Foundation has awarded grants in Arizona, California, Colorado, Illinois, Maryland, Michigan, Montana, New York, South Dakota, Tennessee, Texas.
What size grants does The Yung Hope Foundation award?
In 2024, The Yung Hope Foundation awarded 19 grants totaling $106K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Yung Hope Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Yung Hope Foundation reported a distributable amount of $114K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Yung Hope Foundation's EIN?
The Yung Hope Foundation's EIN (Employer Identification Number) is 83-2507984. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Yung Hope Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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