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Yung Hope Foundation is a private corporation based in OAK BROOK, IL. The foundation received its IRS ruling in 2019. The principal officer is Dr Cheuk W Yung. It holds total assets of $2.4M. Annual income is reported at $415K. 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. The foundation primarily funds organizations in Illinois, New York and California. According to available records, Yung Hope Foundation has made 75 grants totaling $436K, with a median grant of $1K. The foundation has distributed between $103K and $211K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $211K distributed across 40 grants. Individual grants have ranged from N/A to $60K, with an average award of $6K. The foundation has supported 26 unique organizations. The foundation primarily supports organizations in Illinois, New York, Colorado, which account for 76% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$1K
Average Grant
$8K
Largest Grant
$49K
Based on 14 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.
Yung Hope Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 75 grants. Its grantmaking reaches organizations primarily in IL, NY, CO.
Yung Hope Foundation has distributed a total of $436K across 75 grants. The median grant size is $1K, with an average of $6K. Individual grants have ranged from N/A to $60K.
Yung Hope Foundation typically selects its grantees rather than accepting unsolicited proposals.
Yung Hope Foundation is headquartered in OAK BROOK, IL. While based in IL, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dr Cheuk W Yung | PRESIDENT | $0 | $0 | N/A |
| Betsy P Yung | SECETARY/TREASURER | $0 | $0 | N/A |
| Sophia M Moy | VICE PRESIDENT | $0 | $0 | N/A |
| Steve C Yung | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$106K
Total Assets
$2.3M
Fair Market Value
$2.3M
Net Worth
$2.3M
Grants Paid
$103K
Contributions
$13K
Net Investment Income
$83K
Distribution Amount
$110K
Total: $1.9M
Total Grants
75
Total Giving
$436K
Average Grant
$6K
Median Grant
$1K
Unique Recipients
26
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Columbia UniversityGENERAL SUPPORT | New York, NY | $1K | 2023 |
| CcucGENERAL SUPPORT | Chicago, IL | $51K | 2023 |
| Pui Tak Christian SchoolGENERAL SUPPORT | Chicago, IL | $20K | 2023 |
| Pui Tak CenterGENERAL SUPPORT | Chicago, IL | $10K | 2023 |
| Urban VoiceGENERAL SUPPORT | Chicago, IL | $8K | 2023 |
| Resource GlobalGENERAL SUPPORT | Chicago, IL | $5K | 2023 |
| Chinese Christian Herald CrusadeGENERAL SUPPORT | Flushing, NY | $2K | 2023 |
| NyuGENERAL SUPPORT | New York, NY | $2K | 2023 |
| Overseas Chinese MissionGENERAL SUPPORT | New York, NY | $2K | 2023 |
| World VentureGENERAL SUPPORT | Englewood, CO | $1K | 2023 |
| Chinese Christian MissionGENERAL SUPPORT | Petaluma, CA | $1K | 2023 |
| Joshua FellowshipGENERAL SUPPORT | Chicago, IL | $200 | 2023 |
| Chinese America Service LeagueGENERAL SUPPORT | Chicago, IL | $100 | 2023 |
| Chinese American Museum Of ChicagoGENERAL SUPPORT | Chicago, IL | $100 | 2023 |
| Bright Promises FoundationGENERAL SUPPORT | Chicago, IL | $100 | 2023 |
| IntervarsityGENERAL SUPPORT | Los Angeles, CA | $100 | 2023 |
| Our Daily Bread MinistriesGENERAL SUPPORT | Grand Rapids, MI | N/A | 2023 |
| St Joseph Indian SchoolGENERAL SUPPORT | Chamblerlain, SD | N/A | 2023 |
| Alsacst Judes Children'S Research HospitalGENERAL SUPPORT | Chicago, IL | N/A | 2023 |
| St Labre Indian SchoolGENERAL SUPPORT | Ashland, MT | N/A | 2023 |
| Make-A-WishGENERAL SUPPORT | Phoenix, AZ | N/A | 2023 |
| Doctor Without BordersGENERAL SUPPORT | New York, NY | $100 | 2022 |