Chung Foundation
EIN 823760826About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $323,000. This amount represents 25% or more of the Foundation's net assets of $1,146,530 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2019 | N/A | $923K | $888K | N/A |
| 2020 | $502K | $1.1M | $652K | 11 |
| 2021 | $323K | $2.0M | $1.1M | 9 |
| 2022 | $754K | $1.5M | $555K | 6 |
| 2023 | $552K | $1.9M | $835K | 5 |
| 2024 | $2.0M | $1.1M | $1.2M | 8 |
Grant Size Distribution
Based on 39 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (39 total)
| Purpose | ||||
|---|---|---|---|---|
| World Vision | Federal Way, WA | $1,100,000 | Honduras and Asia project | 2024 |
| World Vision | Federal Way, WA | $400,000 | Promesa del Sur project in Honduras | 2023 |
| International Justice Mission | Washington, DC | $400,000 | Northern Triangle fund and general purpose | 2024 |
| World Vision | Federal Way, WA | $400,000 | Honduras Promesa del Sur Project | 2024 |
| World Vision | Federal Way, WA | $400,000 | Honduras WASH - Promesa del Sur | 2022 |
| World Vision | Federal Way, WA | $250,000 | Rwanda Thrive | 2022 |
| World Vision | Federal Way, WA | $235,000 | ELO (Every Last One) - Rwanda Nyamagabe and Cambodia Child Protection Fund | 2020 |
| World Vision | Federal Way, WA | $210,000 | Rwanda WASH and Cambodia Child Protection | 2021 |
| World Vision | Federal Way, WA | $200,000 | Rwanda WASH Program | 2020 |
| Lutheran Social Service of Colorado - Lutheran Fam | Denver, CO | $100,000 | Resettlement of Afghan refugees in Colorado Springs | 2021 |
| International Justice Mission | Washington, DC | $100,000 | Northern Triangle - VAWC | 2023 |
| International Justice Mission | Washington, DC | $100,000 | Guatemala Project | 2022 |
| Childrens Hopechest Inc | Palmer Lake, CO | $41,000 | Uganda Vocational Training Graduates Start-Up Tools fund | 2024 |
| Nema Foundation Inc | Sarasota, FL | $37,500 | HHC - Vanguard LoveWorks Fund DAF | 2024 |
| Healing Haiti | White Bear Lk, MN | $30,000 | Medical Work and Maternal Health Fund | 2020 |
| Casa of the Pikes Peak Region Inc | Colorado Spgs, CO | $25,000 | General & Unrestricted | 2023 |
| Casa of the Pikes Peak Region Inc | Colorado Spgs, CO | $25,000 | General & Unrestricted | 2024 |
| Healing Haiti | White Bear Lk, MN | $21,000 | to support Hope Clinic, maternal health program, and medical work | 2020 |
| World Vision | Federal Way, WA | $20,000 | Next Gen Fundraiser Campaign for the Hunger Crisis in Somalia | 2023 |
| Restavec Freedom Foundation | Cincinnati, OH | $10,000 | General & Unrestricted | 2020 |
| Pine Creek High School | Colorado Springs, CO | $7,000 | To support PCHS Speech and Debate team | 2023 |
| Resource Exchange International Inc | Colorado Spgs, CO | $5,000 | General & Unrestricted | 2024 |
| Help the Needy | Woodland Park, CO | $3,000 | General & Unrestricted | 2020 |
| Pine Creek High School | Colorado Springs, CO | $3,000 | To support PCHS Speech & Debate Team | 2024 |
| Pine Creek High School | Colorado Springs, CO | $3,000 | To support PCHS Speech and Debate Club | 2022 |