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Dyc Foundation Incorporated is a private corporation based in SILVER SPRING, MD. The foundation received its IRS ruling in 2015. The principal officer is Duke C Chung. It holds total assets of $1.6M. Annual income is reported at $113K. The foundation is governed by 4 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 2020 to 2023. Grantmaking is concentrated in District of Columbia. According to available records, Dyc Foundation Incorporated has made 41 grants totaling $299K, with a median grant of $3K. Annual giving has grown from $76K in 2020 to $137K in 2022. Individual grants have ranged from $300 to $46K, with an average award of $7K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in New Jersey, Pennsylvania, Illinois, which account for 29% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$4K
Average Grant
$7K
Largest Grant
$40K
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.
Dyc Foundation Incorporated primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 41 grants. Its grantmaking reaches organizations primarily in NJ, PA, IL.
Dyc Foundation Incorporated has distributed a total of $299K across 41 grants. The median grant size is $3K, with an average of $7K. Individual grants have ranged from $300 to $46K.
Dyc Foundation Incorporated typically selects its grantees rather than accepting unsolicited proposals.
Dyc Foundation Incorporated is headquartered in SILVER SPRING, MD. While based in MD, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Duke C Chung | DIRECTOR | $0 | $0 | N/A |
| Young S Chung | DIRECTOR | $0 | $0 | N/A |
| Song Hee Lee | DIRECTOR | $0 | $0 | N/A |
| Jina Chung | DIRECTOR | $0 | $0 | N/A |
Total Giving
$92K
Total Assets
$1.6M
Fair Market Value
$1.6M
Net Worth
$1.6M
Grants Paid
$85K
Contributions
$1K
Net Investment Income
$50K
Distribution Amount
$80K
Total Grants
41
Total Giving
$299K
Average Grant
$7K
Median Grant
$3K
Unique Recipients
12
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Soong Sil SchoolEDUCATION SCHOLARSHIP TO STUDENTS FROM SOONG SIL MIDDLE/HIGH SCHOOL OF SEOUL, SOUTH KOREA. THE SCHOLARSHIP WAS USED TO PROVIDE FINANCIAL ASSISTANCE FOR TUITION AND RELATED EXPENSES FOR STUDENTS DEMONSTRATING FINANCIAL NEED WHILE ATTENDING SOONG SIL MIDDLE/HIGH SCHOOL. | Seoul | $45K | 2022 |
| America Wheat Mission Inc9 STUDENT SCHOLARSHIPS | Saddle Brook, NJ | $7K | 2022 |
| 12 PlusSUPPORT EDUCATION - TO INCREASE EDUCATIONAL EQUITY BY BUILDING SCHOOL CULTURES THAT INSPIRE ACADEMIC ACHIEVEMENT AND EMPOWER STUDENTS TO SUCCEED IN EDUCATION BEYOND 12TH GRADE. | Philadelphia, PA | $5K | 2022 |
| World VisionWORK WITH CHILDREN IN POVERTY TO HELP THEM REACH THEIR FULL POTENTIAL. | Federal Way, WA | $3K | 2022 |
| The Global Orphan ProjectWORK TO BREAK THE CYCLE OF ORPHAN CHILDREN | Kansas City, MO | $3K | 2022 |
| Teach BeyondINDONESIA FIRM FOUNDATION | Downers Grove, IL | $2K | 2022 |
| Love A Child IncMINISTERING TO THE POOREST CHILDREN IN HAITI | Ft Myers, FL | $1K | 2022 |
| Manna Food CenterSTUDENT MEALS | Gaithersburg, MD | $1K | 2022 |
| Unicef UsaSUPPORTING CHILDREN IN NEED | New York, NY | $1K | 2022 |
| Capital Area Food BankSTUDENT MEALS | Washington, DC | $500 | 2022 |
| Education Mission In MalawiSUPPORT THE EDUCATION MISSION IN MALAWI | Fullerton, CA | $12K | 2021 |
| Little Lights Urban MinistriesSUPPORT MISSION OF EMPOWERING UNDERSERVED YOUTHS | Washington, DC | $5K | 2021 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD