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.
The Zhao-Chen Family Foundation Inc at a glance
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.
- Annual giving (2024)
- $2,049,000
- -0.5% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $683,000
- +32.6% vs 2023
- Median grant
- $25,000
- Total assets
- $86,257,032
- +37.9% vs 2023
- Primary geography
- California (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Zhao-Chen Family Foundation Inc funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
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.
Giving History
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.
Grants by year
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 |
Ready to take the next step with The Zhao-Chen Family Foundation Inc?
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 | $86,257,032 | $40,065,733 | $3,334,351 | $2,049,000 | 3 | $2,156,723 | $13,887,897 | $2,935,231 |
| 2023 | $62,530,356 | $25,539,739 | $2,849,659 | $2,060,000 | 4 | $2,075,962 | $4,856,790 | $2,249,395 |
| 2022 | $46,572,915 | $10,064,136 | $3,267,048 | $2,506,667 | 5 | $2,515,998 | $9,381,077 | $2,393,545 |
| 2021 | $40,133,339 | $42,386,650 | $2,450,901 | $1,750,000 | 4 | $1,807,639 | $12,552,682 | $1,222,887 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Live grants for the work The Zhao-Chen Family Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- California Wildlands Grassroots Fund Grant Up to US $10,000 · Due October 28, 2026
- Hancock Whitney Opportunity Grant (Hancock Whitney Community Reinvestment Act Program) Up to US $25,000 · Due October 30, 2026
- Boettcher Foundation Colorado Grantmaking: Rural Catalyst Grants US $1,000 - US $10,000 · Due October 30, 2026
Explore Open Grants
Browse active grant opportunities in The Zhao-Chen Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Asian Pacific Fund
San Francisco, CA
The Asian Pacific Fund supports AANHPI-serving nonprofits through grants and capacity building, as well as scholarships for eligible students; its focus is the Bay Area, though it also made grants nationally. In 2024, grants ranged from $10,000 to $115,000, with a median of $25,000. The ACT for AANHPIs program is listed as open, but the profile does not state whether unsolicited requests are accepted.
Assets
$25.7M
Grants
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Total Given
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AbbVie Foundation
North Chicago, IL
The AbbVie Foundation funds health equity, access to care, cancer care, community health, and related community-led programs through partnerships and employee initiatives. Its 2025 grants ranged from $8,000 to $15 million, with a median of $25,000; it supports work worldwide, with the largest share of recent grants going to Illinois. It makes grants only to preselected organizations and does not accept unsolicited requests.
Assets
$265.6M
Grants
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Total Given
$47.1M
The Asian American Foundation
Washington, DC
The Asian American Foundation funds work supporting AAPI communities, including anti-hate efforts, education, narrative change, and community safety and prosperity, across the United States. Its 2024 grants ranged from $10,000 to $500,000, with a median of $100,000; it also offers emergency relief to eligible AAPI survivors, families, and small businesses affected by hate-motivated or violent crimes. The profile does not state whether it accepts unsolicited grant requests.
Assets
$77.9M
Grants
68
Total Given
$9.1M
The Robert Thomas Bobins Foundation
Chicago, IL
The foundation’s 2025 grants supported organizations working in education, arts and culture, media, public learning, and neuroscience, with 94% of grant dollars going to Illinois recipients. Grants ranged from $50 to $75,000, with a median of $1,000. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$2.5M
Grants
79
Total Given
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Lloyd a Fry Foundation
Chicago, IL
The Lloyd A. Fry Foundation funds arts learning, education, and employment programs serving low-income and underserved communities in Chicago, prioritizing specific projects with clear outcomes. In 2025, grants ranged from $125 to $250,000, with a median grant of $5,000. An LOI is recommended but not required before submitting a proposal.
Assets
$208.2M
Grants
394
Total Given
$9.3M
Mark & Anla Cheng Kingdon Foundation
New York, NY
The Mark & Anla Cheng Kingdon Foundation supports organizations in higher education, arts and culture, health, community service, and Jewish life, with all reported 2024 grants going to recipients in New York. Its 2024 grants ranged from $50 to $2,525,000, with a median of $25,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$219.1M
Grants
87
Total Given
$10.8M
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Cite this profile
Grantable. (2026). The Zhao-Chen Family Foundation Inc funder profile. GrantGraph. Retrieved October 28, 2026, from https://grantable.co/funders/the-zhao-chen-family-foundation-inc-morg_0d518f0560584770958e52d578ae2bc8
BibTeX
@misc{grantable_854261456_2026,
author = {{Grantable}},
title = {{The Zhao-Chen Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-zhao-chen-family-foundation-inc-morg_0d518f0560584770958e52d578ae2bc8},
note = {Accessed 2026-10-28. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Zhao-Chen Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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