Ong Family Foundation

The Ong Family Foundation is a 501(c)(3) private foundation based in New York, USA. It was established in 1997 and received its IRS ruling in 1998. The foundation is categorized under Philanthropy, Voluntarism, and Grantmaking Foundations.

Purpose and Activities

The foundation focuses on funding programs that are comprehensive, community-based, and preventive in nature, reflecting its commitment to supporting initiatives that address root issues within communities. While specific details about its mission are not readily available, its grant history suggests a broad interest in community welfare and development.

Financial Overview

The Ong Family Foundation generates revenue primarily from contributions received and other income, with a focus on distributing its resources through charitable disbursements. For instance, in its fiscal year ending January 2020, it reported $292,214 in charitable disbursements and around $7,097 in officer compensation. The foundation's total assets have fluctuated over time, with notable figures like $1,080,504 in 2020 and $1,345,995 in 2019.

Grant History

The foundation has a diverse grant history, with a consistent number of awards given annually. In recent years, the number of awards has ranged from 5 awards in 2024 to 40 awards in 2019, reflecting its active role in supporting various community and social causes.

Structure and Classification

The Ong Family Foundation operates as a private family foundation, which means it is primarily funded by one family's donations. It is recognized for its tax-deductible donations, making it a preferred vehicle for philanthropic efforts among those seeking to support community-based initiatives.