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Chung Charitable Foundation Inc. is a private corporation based in NEWPORT BEACH, CA. The foundation received its IRS ruling in 2004. The principal officer is Foundation Source. It holds total assets of $7.1M. Annual income is reported at $2.5M. Total assets have grown from $1.4M in 2014 to $7.4M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in California. According to available records, Chung Charitable Foundation Inc. has made 77 grants totaling $1.1M, with a median grant of $2K. Annual giving has grown from $115K in 2020 to $332K in 2023. Grantmaking activity was highest in 2022 with $521K distributed across 32 grants. Individual grants have ranged from $100 to $255K, with an average award of $15K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in Ohio, California, Pennsylvania, which account for 90% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$2K
Average Grant
$10K
Largest Grant
$77K
Based on 12 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Chung Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 77 grants. Its grantmaking reaches organizations primarily in OH, CA, PA.
Chung Charitable Foundation Inc. has distributed a total of $1.1M across 77 grants. The median grant size is $2K, with an average of $15K. Individual grants have ranged from $100 to $255K.
Chung Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Chung Charitable Foundation Inc. is headquartered in NEWPORT BEACH, CA. While based in CA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nelson Chung | President | $0 | $0 | N/A |
| Christine Chung | Vice President | $0 | $0 | N/A |
| Jennifer Chung | Vice President | $0 | $0 | N/A |
Total Giving
$383K
Total Assets
$7.4M
Fair Market Value
$7.6M
Net Worth
$7.4M
Grants Paid
$332K
Contributions
$533K
Net Investment Income
$318K
Distribution Amount
$334K
Total: $6M
Total Grants
77
Total Giving
$1.1M
Average Grant
$15K
Median Grant
$2K
Unique Recipients
25
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Columbia UniversityGENERAL & UNRESTRICTED | New York, NY | $1K | 2022 |
| Fidelity CharitableGENERAL & UNRESTRICTED | Cincinnati, OH | $255K | 2023 |
| Friends Of Antelop Valley FoundatioGENERAL & UNRESTRICTED | Landcaster, CA | $30K | 2023 |
| Elijah WenSCHOLARSHIP | Irvine, CA | $10K | 2023 |
| Chelsie HwiGENERAL & UNRESTRICTED | Irvine, CA | $8K | 2023 |
| Nina Nicole GonzalesSCHOLARSHIP | Irvine, CA | $5K | 2023 |
| Sophie ChengSCHOLARSHIP | Irvine, CA | $5K | 2023 |
| Kaylen OcampoSCHOLARSHIP | Pittsburgh, PA | $5K | 2023 |
| Tvt Community Day SchoolGENERAL & UNRESTRICTED | Irvine, CA | $4K | 2023 |
| Moreno Valley Misic FestivalGENERAL & UNRESTRICTED | Industry, CA | $3K | 2023 |
| Choc FoundationGENERAL & UNRESTRICTED | Orange, CA | $2K | 2023 |
| Amos Health HopeGENERAL & UNRESTRICTED | Gibsonia, PA | $2K | 2023 |
| Refuge Calvary ChapelGENERAL & UNRESTRICTED | Huntington Beach, CA | $1K | 2023 |
| CclifeGENERAL AND UNRESTRICTED | Streamwood, IL | $500 | 2023 |
| Bethia AckermanSCHOLARSHIP | Palmdale, CA | $500 | 2023 |
| Sally ChengSCHOLARSHIP | Irvine, CA | $500 | 2023 |
| Mariners Christian SchoolGENERAL & UNRESTRICTED | Costa Mesa, CA | $500 | 2023 |
| Refuge Calvary Chapel Huntington BeGENERAL & UNRESTRICTED | Huntington Beach, CA | $2K | 2022 |
| Logos Evangelical SeminaryGENERAL & UNRESTRICTED | El Monte, CA | $2K | 2022 |
| University Of California BerkeleyGENERAL & UNRESTRICTED | Berkeley, CA | $1K | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA