The Zhao-Chen Family Foundation Inc
The Zhao-Chen Family Foundation Inc is a private foundation, based in Miami, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $86.3M in total assets. In 2024, it awarded 3 grants totaling $2.0M. Net investment income was $13.9M.
Key facts about The Zhao-Chen Family Foundation Inc
In short: The Zhao-Chen Family Foundation Inc gave $2.0M across 3 grants in 2024 (avg $683K), mostly in California. Source: 2024 IRS Form 990-PF.
- EIN
- 85-4261456
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,049,000
- Grants made (2024)
- 3
- Average grant
- $683,000
- Median grant
- $25,000
- Total assets
- $86,257,032
- Primary geography
- California (99% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$86.3M
+37.9% YoY
Annual Giving
$2.0M
-0.5% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$683K
+32.6% YoY
Under IRS private-foundation payout rules, The Zhao-Chen Family Foundation Inc reported a distributable amount of $2.9M for 2024 — the minimum it must pay out in qualifying distributions.
How The Zhao-Chen Family Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 73% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $1.8M (2021) to $2.5M (2022). In 2024 it made 3 grants totaling $2.0M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was The Asian American Foundation ($2.0M). Together the top 3 received $2.0M.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 9 grants of 16 (56%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Asian American Foundation San Francisco, CA | To build the infrastructure to improve asian American and pacific islander advovacy, power and representation | $2,000,000 |
| The Second City Inc - Victor Wong Fellowship Program Chicago, IL | The victor wong fellowship program is designed to train the next generation of aapi comedic talent. | $25,000 |
| Asian Pacific Community Fund Los Angeles, CA | To cultivate philanthropist to invest in organizations that empower underserved asian and pacific islanders (AAPI) to prosper by building healthier communities, creating a stronger AAPI voice and developing AAPI leaders | $24,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $86,257,032 | $62,530,356 | $46,572,915 |
| Revenue | $40,065,733 | $25,539,739 | $10,064,136 |
| Expenses | $3,334,351 | $2,849,659 | $3,267,048 |
| Qualifying Distributions | $2,156,723 | $2,075,962 | $2,515,998 |
| Net Investment Income | $13,887,897 | $4,856,790 | $9,381,077 |
| Distributable Amount | $2,935,231 | $2,249,395 | $2,393,545 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
The Zhao-Chen Family Foundation Inc is led by Peng Zhao, President, Secretary & Treasurer on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Peng Zhao
President, Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Zhao-Chen Family Foundation Inc
How much does The Zhao-Chen Family Foundation Inc give each year?
The Zhao-Chen Family Foundation Inc gave $2.0M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.1M across 4 grants.
What is The Zhao-Chen Family Foundation Inc's typical grant size?
The Zhao-Chen Family Foundation Inc's median grant in 2024 was $25,000, and its average grant was $683,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Zhao-Chen Family Foundation Inc give grants?
The Zhao-Chen Family Foundation Inc gives mostly in California: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does The Zhao-Chen Family Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The Zhao-Chen Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Zhao-Chen Family Foundation Inc?
The Zhao-Chen Family Foundation Inc reported $86.3M in total assets on its 2024 IRS Form 990-PF. It paid out $2.2M in qualifying distributions that year, against a required minimum of $2.9M (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.
What is The Zhao-Chen Family Foundation Inc's EIN?
The Zhao-Chen Family Foundation Inc's EIN (Employer Identification Number) is 85-4261456. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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