The Yung Hope Foundation
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.
Key facts about The Yung Hope Foundation
- EIN
- 83-2507984
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $106,200
- Grants made (2024)
- 19
- Average grant
- $5,589
- Median grant
- $300
- New grantees (estimate)
- 11% first-time grantees (2 of 19, 2024)
- Total assets
- $2,352,613
- Primary geography
- Illinois (91% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Yung Hope Foundation funds
By grant dollars, the top recipient states for The Yung Hope Foundation's 19 itemized 2024 grants were Illinois (91%) and New York (6%). The most frequent recipient cities were Chicago, IL (8 grants) and New York, NY (3 grants). 95% of grants with a stated purpose were for general or operating support.
Is The Yung Hope Foundation open to new grantees?
11%
first-time grantees, 2024
In 2024, 2 of 19 grantees (11%) were first-time recipients. First grants averaged $200; repeat grants $6K. How we count
Medians: $200 first-time, $800 repeat.
- 84% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−12%). Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Yung Hope Foundation
- How to evaluate The Yung Hope Foundation as a funder
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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
Share of all 19 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 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 recipients include Ccuc ($53,300), Pui Tak Center ($30,000), Urban Voice ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CCUC Chicago, IL | GENERAL SUPPORT | $53,300 |
| PUI TAK CENTER Chicago, IL | GENERAL SUPPORT | $30,000 |
| URBAN VOICE Chicago, IL | GENERAL SUPPORT | $8,000 |
| RESOURCE GLOBAL Chicago, IL | GENERAL SUPPORT | $5,000 |
| NYU New York, NY | GENERAL SUPPORT | $3,000 |
| CHINESE CHRISTIAN HERALD CRUSADE Flushing, NY | GENERAL SUPPORT | $2,000 |
| WORLD VENTURE Englewood, CO | PUBLIC CHARITY | $2,000 |
| COLUMBIA UNIVERSITY New York, NY | GENERAL SUPPORT | $1,000 |
| CHINESE CHRISTIAN MISSION Petaluma, CA | GENERAL SUPPORT | $800 |
| COALITION FOR A BETTER CHINESE AMERICAN COMMUNITY Chicago, IL | GENERAL SUPPORT | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.