Ace Foundation
TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS COMMUNITIES THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$3.4M
+37.3% YoY
Annual Giving
$790K
-35.4% YoY
Grant Count
74
+0.0% YoY
Avg Grant Size
$11K
-35.4% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,366,612 | $2,452,433 | $2,162,590 |
| Revenue | $3,207,046 | $2,565,208 | $4,126,452 |
| Expenses | $2,300,807 | $2,233,333 | $4,379,062 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $84,223 | $13,402 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
427 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Ace Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAREN ENG | CHAIR | 2 | — |
| JIMMY FERGUSON | VICE CHAIR | 2 | — |
| TRACEY DOI | TREASURER | 2 | — |
| AMIT BHATNAGAR | SECRETARY (THROUGH JANUARY) | 2 | — |
| CY CHEN | DIRECTOR | 1 | — |
| MELODY CHEN | DIRECTOR | 1 | — |
| SUSAN JIN DAVIS | DIRECTOR | 1 | — |
| TAMMY FUNASAKI | DIRECTOR | 1 | — |
| DENNIS HUANG | DIRECTOR | 1 | — |
| BILL IMADA | DIRECTOR | 1 | — |
| NARUMI INATSUGU | DIRECTOR | 1 | — |
| CHEWY JANG | DIRECTOR (THROUGH JANUARY) | 1 | — |
| SHAU-WAI LAM | DIRECTOR | 1 | — |
| MARTY LORENZO | DIRECTOR (THROUGH JANUARY) | 1 | — |
| IAN SO | DIRECTOR (THROUGH JANUARY) | 1 | — |
| FA'AMOANA UTA'I | DIRECTOR | 1 | — |
| BIN YU | DIRECTOR | 1 | — |
| CHILING TONG | PRESIDENT AND CEO | 2 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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