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Luchen Foundation is a private corporation based in LEWES, DE. The foundation received its IRS ruling in 2012. The principal officer is % Foundation Source. It holds total assets of $14M. Annual income is reported at $8.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Luchen Foundation has made 5 grants totaling $508K, with a median grant of $150K. Annual giving has grown from $208K in 2021 to $300K in 2022. Individual grants have ranged from $3K to $185K, with an average award of $102K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Ohio and California. Contributions to this foundation are tax-deductible.
Luchen Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in OH, CA.
Luchen Foundation has distributed a total of $508K across 5 grants. The median grant size is $150K, with an average of $102K. Individual grants have ranged from $3K to $185K.
Luchen Foundation typically selects its grantees rather than accepting unsolicited proposals.
Luchen Foundation is headquartered in LEWES, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert Chen | President | $0 | $0 | $0 |
| Onnie Lu | Vice President | $0 | $0 | $0 |
Total Giving
$1.1M
Total Assets
$13.9M
Fair Market Value
$14.3M
Net Worth
$13.9M
Grants Paid
$1M
Contributions
$1.3M
Net Investment Income
$2.1M
Distribution Amount
$610K
Total Grants
5
Total Giving
$508K
Average Grant
$102K
Median Grant
$150K
Unique Recipients
3
Most Common Grant
$150K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Fidelity Investment Charitable GiftUnrestricted General | Cincinnati, OH | $150K | 2022 |
| Family KeeperUnrestricted General | Walnut, CA | $20K | 2021 |
| Asian Pacific Community FundUnrestricted General | Los Angeles, CA | $3K | 2021 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
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