Overview
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
in 2024, compared to $46,572,915 in 2023
4 grants awarded in 2024
Of total expenses go to 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... | 1376 BROADWAY 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... | 1376 BROADWAY 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... | 1376 BROADWAY 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," ... | 1901 W WELLINGTON 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," ... | 1901 W WELLINGTON 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... | 2141 S TAN CT 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. | 1616 N WELLS ST CHICAGO, IL US | 2023 |
| $25,000 | CHICAGO PUBLIC LIBRARY FOUNDATION | TO INVEST IN RESOURCES THAT TRANSFORM LIVES AND COMMUNITIES | 200 W MADISON 3RD FLOOR CHICAGO, IL US | 2022 |
| $25,000 | THE CHILDREN'S ORCHESTRA SOCIETY | TO TEACH CHILDREN TEAMWORK AND LIFE SKILLS THROUGH MUSIC LEARNING | 36 CHURCH STREET 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. | 1616 N WELLS ST CHICAGO, IL US | 2024 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
PZ
PENG ZHAO
| PRESIDENT, SECRETARY AND TREASURER | $0 | 2022 |
PZ
PENG ZHAO
| PRESIDENT, SECRETARY AND TREASURER | $0 | 2023 |
PZ
PENG ZHAO
| PRESIDENT, SECRETARY AND TREASURER | $0 | 2024 |
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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