The Hwang Foundation

Organization Overview

The Hwang Foundation is located in Wilmington, DE. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hwang Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Hwang Foundation generated $616.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $133.2k during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Hwang Foundation has awarded 144 individual grants totaling $513,330. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Board, Officers & Key Employees

Name (title)Compensation
Jesse Hwang
Dir
$0
Ray-Way Hwang
Pres, Dir, Sec
$0
Raymond Hwang
Dir
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $119
Dividends & Interest $49,506
Net Rental Income$0
Net Gain on Sale of Assets $566,684
Capital Gain Net Income $671,742
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $616,309

Grants Awarded

Over the last fiscal year, The Hwang Foundation has awarded $106,075 in support to 21 organizations.

Grant RecipientAmount

GALILEE INTERNATIONAL US

Org PageRecipient Profile

Fremont, CA

PURPOSE: PAKISTAN FLOOD RELIEF

$15,000

7 STAGES DISCIPLESHIP BRIDGES

Org PageRecipient Profile

Houston, TX

PURPOSE: GENERAL & UNRESTRICTED

$12,000

CHINESE GOSPEL CHURCH

Org PageRecipient Profile

Livonia, MI

PURPOSE: FOR ACTION MISSIONS

$10,000

SLAVIC GOSPEL ASSOCIATION

Org PageRecipient Profile

Loves Park, IL

PURPOSE: UKRAINE REFUGEE RELIEF FUND

$10,000

PROSTATE CANCER FOUNDATION

Org PageRecipient Profile

Santa Monica, CA

PURPOSE: GENERAL & UNRESTRICTED

$7,075

MARYLAND GOSPEL CHURCH

Org PageRecipient Profile

North Potomac, MD

PURPOSE: GENERAL & UNRESTRICTED

$6,000
View Grant Profile

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