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Myc Foundation is a private corporation based in SAN JOSE, CA. The foundation received its IRS ruling in 2011. The principal officer is Shunbo Mou. It holds total assets of $193K. Annual income is reported at $140K. Total assets have grown from $112K in 2010 to $197K in 2022. The foundation is governed by 2 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. The foundation primarily funds organizations in California, Pennsylvania and Maryland. According to available records, Myc Foundation has made 14 grants totaling $29K, with a median grant of $1K. Annual giving has grown from $3K in 2020 to $7K in 2023. Grantmaking activity was highest in 2022 with $19K distributed across 8 grants. Individual grants have ranged from $800 to $7K, with an average award of $2K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Pennsylvania and California and Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$800
Median Grant
$950
Average Grant
$2K
Largest Grant
$7K
Based on 4 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.
Myc Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in PA, CA, MD.
Myc Foundation has distributed a total of $29K across 14 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $800 to $7K.
Myc Foundation typically selects its grantees rather than accepting unsolicited proposals.
Myc Foundation is headquartered in SAN JOSE, CA. While based in CA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Guifang Chen | CFO | $0 | $0 | N/A |
| Shunbo Mou | CEO | $0 | $0 | N/A |
Total Giving
$9K
Total Assets
$197K
Fair Market Value
$150K
Net Worth
$189K
Grants Paid
$7K
Contributions
N/A
Net Investment Income
$9K
Distribution Amount
$7K
Total: $185K
Total Grants
14
Total Giving
$29K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
4
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Soar FoundationDONATION | Union City, CA | $1K | 2023 |
| Carnegie Mellon UniversityDONATION | Pittsburgh, PA | $4K | 2023 |
| Kidron International Missions IncDONATIONS | Gaithersburg, MD | $1K | 2023 |
| Friends Of Children With Special NeedsDONATIONS | Fremont, CA | $1K | 2023 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA