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The Hwang Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2010. The principal officer is Foundation Source. It holds total assets of $2M. Annual income is reported at $878K. Total assets have grown from $361K in 2011 to $1.9M in 2023. The foundation is governed by 3 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, The Hwang Foundation has made 79 grants totaling $378K, with a median grant of $3K. Annual giving has grown from $76K in 2021 to $91K in 2023. Grantmaking activity was highest in 2022 with $212K distributed across 42 grants. Individual grants have ranged from $450 to $20K, with an average award of $5K. The foundation has supported 26 unique organizations. The foundation primarily supports organizations in California, Texas, Michigan, which account for 39% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$5K
Largest Grant
$15K
Based on 21 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.
The Hwang Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 79 grants. Its grantmaking reaches organizations primarily in CA, TX, MI.
The Hwang Foundation has distributed a total of $378K across 79 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $450 to $20K.
The Hwang Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Hwang Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Raymond Hwang | Dir | $0 | $0 | N/A |
| Jesse Hwang | Dir | $0 | $0 | N/A |
| Ray-Way Hwang | Pres, Dir, Sec | $0 | $0 | N/A |
Total Giving
$125K
Total Assets
$1.9M
Fair Market Value
$2.3M
Net Worth
$1.9M
Grants Paid
$91K
Contributions
N/A
Net Investment Income
$74K
Distribution Amount
$106K
Total Grants
79
Total Giving
$378K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
26
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Chinese Gospel ChurchAction Missions - General Purpose Fund | Livonia, MI | $10K | 2023 |
| 7 Stages Discipleship BridgesGeneral & Unrestricted | Houston, TX | $10K | 2023 |
| Maryland Gospel ChurchTogether Chinese Mission Fellowship fund | North Potomac, MD | $8K | 2023 |
| Prostate Cancer FoundationGeneral & Unrestricted | Santa Monica, CA | $7K | 2023 |
| Wycliffe Bible Translators International IncGeneral & Unrestricted | Dallas, TX | $5K | 2023 |
| Bcm International IncGlobal Ministry Fund | Lancaster, PA | $5K | 2023 |
| Amazing Love IncCosmic Light General Fund | Danville, CA | $3K | 2023 |
| Jesusonline MinistriesGeneral & Unrestricted | Higley, AZ | $3K | 2023 |
| PioneersGeneral & Unrestricted | Orlando, FL | $3K | 2023 |
| Stream Of Praise Music MinistriesGeneral & Unrestricted | Tustin, CA | $3K | 2023 |
| Silicon Valley Christian AssemblyCedar Training Center fund | Santa Clara, CA | $3K | 2023 |
| Ambassadors For Christ IncGeneral & Unrestricted | Paradise, PA | $3K | 2023 |
| Manna Food Center IncGeneral & Unrestricted | Silverspring, MD | $3K | 2023 |
| Reality Church Of Los AngelesServe LA fund | Los Angeles, CA | $3K | 2023 |
| St Jude Childrens Research Hospital IncGeneral & Unrestricted | Memphis, TN | $3K | 2023 |
| Church In GaithersburgGeneral & Unrestricted | Gaithersburg, MD | $2K | 2023 |
| Special Love IncGeneral & Unrestricted | Winchester, VA | $2K | 2023 |
| Meals On Wheels Of Central Maryland IncHot home-delivered meals fund | Baltimore, MD | $2K | 2023 |
| Galilee International UsPakistan Flood Relief | Fremont, CA | $15K | 2022 |
| Slavic Gospel AssociationUkraine Refugee Relief Fund | Loves Park, IL | $10K | 2022 |
| Matthew 25 Ministries IncGeneral & Unrestricted | Blue Ash, OH | $5K | 2022 |