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Chung Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2019. The principal officer is Foundation Source. It holds total assets of $977K. Annual income is reported at $2.1M. Total assets have grown from $921K in 2019 to $1.8M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Colorado, Minnesota and Washington. According to available records, Chung Foundation has made 28 grants totaling $2.6M, with a median grant of $15K. The foundation has distributed between $502K and $1.5M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.5M distributed across 12 grants. Individual grants have ranged from $500 to $400K, with an average award of $92K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Washington, District of Columbia, Minnesota, which account for 54% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$3K
Average Grant
$46K
Largest Grant
$235K
Based on 11 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 Foundation primarily funds organizations in the area of human services. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in WA, DC, MN.
Chung Foundation has distributed a total of $2.6M across 28 grants. The median grant size is $15K, with an average of $92K. Individual grants have ranged from $500 to $400K.
Chung Foundation typically selects its grantees rather than accepting unsolicited proposals.
Chung Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Caleb Chung | Dir, VP | $0 | $0 | N/A |
| Vinh Chung | Dir, VP | $0 | $0 | N/A |
| Leisle Chung | Dir, Pres, Sec, Treas | $0 | $0 | N/A |
Total Giving
$608K
Total Assets
$1.8M
Fair Market Value
$1.9M
Net Worth
$1.8M
Grants Paid
$552K
Contributions
$780K
Net Investment Income
$43K
Distribution Amount
$92K
Total Grants
28
Total Giving
$2.6M
Average Grant
$92K
Median Grant
$15K
Unique Recipients
9
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| World VisionPromesa del Sur project in Honduras | Federal Way, WA | $400K | 2023 |
| International Justice MissionNorthern Triangle - VAWC | Washington, DC | $100K | 2023 |
| Casa Of The Pikes Peak Region IncGeneral & Unrestricted | Colorado Spgs, CO | $25K | 2023 |
| Pine Creek High SchoolTo support PCHS Speech and Debate team | Colorado Springs, CO | $7K | 2023 |
| The GatheringGeneral & Unrestricted | San Mateo, CA | $1K | 2022 |
| Healing HaitiMedical Work and Maternal Health Fund | White Bear Lk, MN | $30K | 2020 |
| Restavec Freedom FoundationGeneral & Unrestricted | Cincinnati, OH | $10K | 2020 |
| Help The NeedyGeneral & Unrestricted | Woodland Park, CO | $3K | 2020 |
| Springs Rescue MissionGeneral & Unrestricted | Colorado Springs, CO | $1K | 2020 |