The Zhao-chen Family Foundation Inc
The Zhao-chen Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $86.3M in total assets. In 2024, it awarded 3 grants totaling $2.0M. Net investment income was $13.9M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$86.3M
+37.9% YoY
Annual Giving
$2.0M
-0.5% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$683K
+32.6% YoY
Under IRS private-foundation payout rules, The Zhao-chen Family Foundation Inc reported a distributable amount of $2.9M for 2024 — the minimum it must pay out in qualifying distributions.
About The Zhao-chen Family Foundation Inc
Based on IRS filings
The Zhao-chen Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $86.3M in total assets. In 2024, it awarded 3 grants totaling $2.0M. Net investment income was $13.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $86,257,032 | $62,530,356 | $46,572,915 |
| Revenue | $40,065,733 | $25,539,739 | $10,064,136 |
| Expenses | $3,334,351 | $2,849,659 | $3,267,048 |
| Qualifying Distributions | $2,156,723 | $2,075,962 | $2,515,998 |
| Net Investment Income | $13,887,897 | $4,856,790 | $9,381,077 |
| Distributable Amount | $2,935,231 | $2,249,395 | $2,393,545 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Asian American Foundation ($2,000,000), The Second City Inc - Victor Wong Fellowship Program ($25,000), Asian Pacific Community Fund ($24,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE SECOND CITY INC - VICTOR WONG FELLOWSHIP PROGRAM CHICAGO, IL | THE VICTOR WONG FELLOWSHIP PROGRAM IS DESIGNED TO TRAIN THE NEXT GENERATION OF AAPI COMEDIC TALENT. | $25,000 |
| THE ASIAN AMERICAN FOUNDATION SAN FRANCISCO, CA | TO BUILD THE INFRASTRUCTURE TO IMPROVE ASIAN AMERICAN AND PACIFIC ISLANDER ADVOVACY, POWER AND REPRESENTATION | $2,000,000 |
| ASIAN PACIFIC COMMUNITY FUND LOS ANGELES, CA | TO CULTIVATE PHILANTHROPIST TO INVEST IN ORGANIZATIONS THAT EMPOWER UNDERSERVED ASIAN AND PACIFIC ISLANDERS (AAPI) TO PROSPER BY BUILDING HEALTHIER COMMUNITIES, CREATING A STRONGER AAPI VOICE AND DEVELOPING AAPI LEADERS | $24,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PENG ZHAO | PRESIDENT, SECRETARY AND TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Zhao-chen Family Foundation Inc?
The Zhao-chen Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI, FL. It holds $86.3M in total assets as of 2024.
How large is The Zhao-chen Family Foundation Inc?
As of 2024, The Zhao-chen Family Foundation Inc holds $86.3M in total assets with $40.1M in annual revenue. It awarded 3 grants totaling $2.0M in 2024.
Where does The Zhao-chen Family Foundation Inc operate?
The Zhao-chen Family Foundation Inc has awarded grants in California, Illinois, New York.
What size grants does The Zhao-chen Family Foundation Inc award?
In 2024, The Zhao-chen Family Foundation Inc awarded 3 grants totaling $2.0M — an average of about $683K per grant, based on its IRS Form 990 filings.
How much is The Zhao-chen Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Zhao-chen Family Foundation Inc reported a distributable amount of $2.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Zhao-chen Family Foundation Inc's EIN?
The Zhao-chen Family Foundation Inc's EIN (Employer Identification Number) is 85-4261456. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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