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Also known as: c/o George N Harris Jr
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New Mighty Foundation is a private corporation based in WASHINGTON, DC. The foundation received its IRS ruling in 2006. The principal officer is Stephen K Vetter. It holds total assets of $29.9M. Annual income is reported at $1.1M. Total assets have decreased from $111.6M in 2011 to $32.1M in 2023. The foundation is governed by 4 officers and trustees. To promote multi-cultural awareness and to advance goodwill and proper understanding among different cultures including particularly understanding among american and asian cultures. 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 Louisiana, Texas and New Jersey. According to available records, New Mighty Foundation has made 3 grants totaling $5M, with a median grant of $2M. Individual grants have ranged from $1M to $2M, with an average award of $1.7M. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Texas and Louisiana and New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$1M
Median Grant
$2M
Average Grant
$1.7M
Largest Grant
$2M
Based on 3 grants from the most recent 990-PF filing.
To promote multi-cultural awareness and to advance goodwill and proper understanding among different cultures including particularly understanding among american and asian cultures
To promote education of all types, including childrens' education, multi-cultural education, and foreign languages
To educate the general public and promote public interest in the united states and abroad in asian and american culture, history and religion
To promote scientific research and healthcare of all types including primary care, hospitals,nursing education, medi- cal research, hospital management and innovative healthcare
To promote multi-cultural awareness and to advance goodwill and proper understanding among different cultures including particularly understanding among american and asian cultures. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in TX, LA, NJ.
New Mighty Foundation has distributed a total of $5M across 3 grants. The median grant size is $2M, with an average of $1.7M. Individual grants have ranged from $1M to $2M.
New Mighty Foundation typically selects its grantees rather than accepting unsolicited proposals.
New Mighty Foundation is headquartered in WASHINGTON, DC. While based in DC, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William H Wong | Director-President | $0 | $0 | N/A |
| Susan R H Wang | Director-Secretary Treasurer | $0 | $0 | N/A |
| Sandy R Y Wang | Director | $0 | $0 | N/A |
| Wilfred Wang | Director | $0 | $0 | N/A |
Total Giving
$7.6M
Total Assets
$32.1M
Fair Market Value
N/A
Net Worth
$32.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$1M
Distribution Amount
$1.7M
Total Grants
3
Total Giving
$5M
Average Grant
$1.7M
Median Grant
$2M
Unique Recipients
3
Most Common Grant
$2M
of 2020 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Baton Rouge Food BankGeneral Fund | Baton Rouge, LA | $2M | 2020 |
| Food Bank Of The Golden CrescentGeneral Fund | Victoria, TX | $2M | 2020 |
| Community Food Bank IncGeneral Fund | Hillside, NJ | $1M | 2020 |