Comprehensive foundation profile based on the most recent IRS Form 990 filing
The Peng Zhao and Cherry Chen Foundation is a private foundation based in Miami, Florida, with significant financial resources, holding assets of over $62 million. The foundation reported expenses of approximately $2.8 million and revenue of over $25 million. It is involved in philanthropic activities across several major U.S. cities, including Chicago, Los Angeles, New York, San Francisco, and Syosset, and operates primarily in the states of California, Illinois, and New York. The foundation is led by Peng Zhao, who serves as the President, Secretary, and Treasurer, and does not receive compensation for his role. The foundation's specific subject areas of focus are not detailed in the available information.
Focus Areas
Geographic Focus
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Financials
+2.6% from previous year
4 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $2,000,000 | THE ASIAN AMERICAN FOUNDATION | TO BUILD THE INFRASTRUCTURE TO IMPROVE ASIAN AMERICAN AND PACIFIC ISLANDER ADVOVACY, POWER AND REPRE... | San francisco, CA, US | 2023 |
| $2,000,000 | THE ASIAN AMERICAN FOUNDATION | TO BUILD THE INFRASTRUCTURE TO IMPROVE ASIAN AMERICAN AND PACIFIC ISLANDER ADVOVACY, POWER AND REPRE... | San francisco, CA, US | 2024 |
| $1,500,000 | THE ASIAN AMERICAN FOUNDATION | TO BUILD THE INFRASTRUCTURE TO IMPROVE ASIAN AMERICAN AND PACIFIC ISLANDER ADVOVACY, POWER AND REPRE... | San francisco, CA, US | 2022 |
| $300,000 | KARTEMQUIN EDUCATIONAL FILMS | THE GRANT WILL ESTABLISH AND FUND "THE PENG ZHAO & CHERRY CHEN FUND FOR AAPI VOICES AT KARTEMQUIN," ... | Chicago, IL, US | 2023 |
| $200,000 | KARTEMQUIN EDUCATIONAL FILMS | THE GRANT WILL ESTABLISH AND FUND "THE PENG ZHAO & CHERRY CHEN FUND FOR AAPI VOICES AT KARTEMQUIN," ... | Chicago, IL, US | 2022 |
| $166,667 | CHINESE AMERICAN SERVICE LEAGUE | THE GRANT SHALL BE USED TO SUPPORT CASL'S WORK TO SERVE THE AAPI COMMUNITY, AND VULNERABLE POPULATIO... | Chicago, IL, US | 2023 |
| $30,000 | THE SECOND CITY INC - VICTOR WONG FELLOWSHIP PROGRAM | THE VICTOR WONG FELLOWSHIP PROGRAM IS DESIGNED TO TRAIN THE NEXT GENERATION OF AAPI COMEDIC TALENT. | Chicago, IL, US | 2023 |
| $25,000 | CHICAGO PUBLIC LIBRARY FOUNDATION | TO INVEST IN RESOURCES THAT TRANSFORM LIVES AND COMMUNITIES | Chicago, IL, US | 2022 |
| $25,000 | THE CHILDREN'S ORCHESTRA SOCIETY | TO TEACH CHILDREN TEAMWORK AND LIFE SKILLS THROUGH MUSIC LEARNING | Syosset, NY, US | 2022 |
| $25,000 | THE SECOND CITY INC - VICTOR WONG FELLOWSHIP PROGRAM | THE VICTOR WONG FELLOWSHIP PROGRAM IS DESIGNED TO TRAIN THE NEXT GENERATION OF AAPI COMEDIC TALENT. | Chicago, IL, US | 2024 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
PZ
PENG ZHAO
| PRESIDENT, SECRETARY AND TREASURER | $0 | 2024 |
PENG ZHAO
PRESIDENT, SECRETARY AND TREASURER
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025