Won Foundation Inc
Won Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $837K in total assets. In 2024, it awarded 4 grants totaling $55K. Net investment income was $15K.
Key facts about Won Foundation Inc
- EIN
- 61-1577710
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $55,000
- Grants made (2024)
- 4
- Average grant
- $13,750
- Median grant
- $10,000
- Total assets
- $836,803
- Primary geography
- California (73% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Won Foundation Inc funds
By grant dollars, the top recipient states for Won Foundation Inc's 4 itemized 2024 grants were California (73%) and Alabama (27%). The most frequent recipient cities were Birmingham, AL (2 grants). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Funding" (4 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$837K
-5.2% YoY
Annual Giving
$55K
-38.9% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$14K
-54.2% YoY
Under IRS private-foundation payout rules, Won Foundation Inc reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About Won Foundation Inc
Based on IRS filings
Won Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $837K in total assets. In 2024, it awarded 4 grants totaling $55K. Net investment income was $15K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $836,803 | $882,730 | $921,755 |
| Revenue | $15,495 | $55,580 | $131,998 |
| Expenses | $61,422 | $94,605 | $20,558 |
| Qualifying Distributions | $55,000 | $90,000 | $15,000 |
| Net Investment Income | $15,495 | $13,116 | $6,998 |
| Distributable Amount | $48,069 | $45,729 | $42,510 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Asian Americans Advancing Justice-los Angeles ($30,000), Birmingham Chinese Christian Church ($10,000), Stream of Praise Music Ministries ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASIAN AMERICANS ADVANCING JUSTICE-LOS ANGELES LOS ANGELES, CA | FUNDING | $30,000 |
| BIRMINGHAM CHINESE CHRISTIAN CHURCH BIRMINGHAM, AL | FUNDING | $10,000 |
| STREAM OF PRAISE MUSIC MINISTRIES TUSTIN, CA | FUNDING | $10,000 |
| HIGHLANDS COLLEGE BIRMINGHAM, AL | FUNDING | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| YUE LAN CHEN | PRESIDENT | — | — |
| GIN SHEN CHEN | SECRETARY | — | — |
| GIN HSING CHEN | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Won Foundation Inc?
Won Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $837K in total assets as of 2024.
How large is Won Foundation Inc?
As of 2024, Won Foundation Inc holds $837K in total assets with $15K in annual revenue. It awarded 4 grants totaling $55K in 2024.
Where does Won Foundation Inc operate?
Won Foundation Inc has awarded grants in Alabama, California.
What size grants does Won Foundation Inc award?
In 2024, Won Foundation Inc awarded 4 grants totaling $55K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Won Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Won Foundation Inc reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.