Won Foundation Inc
Won Foundation Inc is a private foundation, based in Birmingham, AL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $801K in total assets. In 2025, it awarded 3 grants totaling $40K. Net investment income was $15K.
Won Foundation Inc at a glance
In short: Won Foundation Inc gave $40K across 3 grants in 2025 (avg $13K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- -27.3% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $13,333
- -3.0% vs 2024
- Median grant
- $10,000
- Total assets
- $800,945
- -4.3% vs 2024
- Primary geography
- California (75% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Won Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Asian Americans Advancing Justice-Los Angeles ($20K). Together the top 3 received $40K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 13 grants of 14 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Won Foundation Inc gives
- Giving grew 167% from 2022 to 2025. Method
- In 2025 it paid out 81% 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 2019 to 2025, annual grant giving ranged from $15K (2022) to $90K (2023). In 2025 it made 3 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Asian Americans Advancing Justice-Los Angeles Los Angeles, CA | Funding | $20,000 |
| Birmingham Chinese Christian Church Birmingham, AL | Funding | $10,000 |
| Stream of Praise Music Ministries Tustin, CA | Funding | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $800,945 | $15,066 | $50,924 | $40,000 | 3 | $40,000 | $15,066 | $49,424 |
| 2024 | $836,803 | $15,495 | $61,422 | $55,000 | 4 | $55,000 | $15,495 | $48,069 |
| 2023 | $882,730 | $55,580 | $94,605 | $90,000 | 3 | $90,000 | $13,116 | $45,729 |
| 2022 | $921,755 | $131,998 | $20,558 | $15,000 | 1 | $15,000 | $6,998 | $42,510 |
| 2021 | $810,315 | $104,503 | $50,619 | $45,000 | 3 | $45,000 | $4,503 | $40,072 |
| 2020 | $756,431 | $104,536 | $23,187 | $18,000 | 3 | — | $4,536 | $33,425 |
| 2019 | $675,082 | $146,330 | $31,332 | $26,000 | 4 | — | $6,330 | $27,913 |
Under IRS private-foundation payout rules, Won Foundation Inc reported a distributable amount of $49K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Won Foundation Inc is led by Yue Lan Chen, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Yue Lan Chen
President
On filings since 2019
No compensation reported
Gin Hsing Chen
Secretary & Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Won Foundation Inc
How much does Won Foundation Inc give each year?
Won Foundation Inc gave $40K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $55K across 4 grants.
What is Won Foundation Inc's typical grant size?
Won Foundation Inc's median grant in 2025 was $10,000, and its average grant was $13,333, across 3 grants on its 2025 IRS Form 990-PF.
Where does Won Foundation Inc give grants?
Won Foundation Inc gives mostly in California: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Alabama (25%).
Does Won Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Won Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Funding" (3 grants).
How large is Won Foundation Inc?
Won Foundation Inc reported $801K in total assets on its 2025 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $49K (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 Won Foundation Inc's EIN?
Won Foundation Inc's EIN (Employer Identification Number) is 61-1577710. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Won Foundation Inc's focus areas in our free grants database
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