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· Private foundation

Cheng's Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$11k
Granted FY2025still arriving
40
Grants FY2025still arriving
12
States reached
$2k
Largest
01What it funds
0198% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

International$141kEducation$41kPhilanthropy$22kHuman Services$11kReligion$9kAnimals$9kPublic Safety & Disaster$8kHealth$7kOther$0
02FY2025 · 40 grants

Where the money goes

Grants by size, and the largest recipients.

$200
Median grant
12
States reached
$464k
Total assets
Largest grants
RecipientAmount
TZU-CHI FOUNDATION$2,000
AMERICAN RED CROSS$1,000
THE SALVATION ARMY$1,000
CHINESE CHRISTIAN MISSION$500
THE UNIVERSITY CORPORATION SAN FRANCISCO STATE$300
ALZHEIMER'S ASSOCIATION$300
CORNELL LAB OF ORNITHOLOGY$200
SOBEM USA$200
NATIONAL FEDERATION OF THE BLIND$200
BAY AREA RIDGE TRAIL COUNCIL$200
ANIMAL FIX CLINIC$200
AMERICAN BIBLE SOCIETY$200
WORLD WILDLIFE FUND$200
GLIDE$200
THE NATURE CONSERVANCY$200
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–25, $2k) land where the poverty rate runs at 10%, against an area that typically sits at 10%. 50% of those dollars go to grantees based in above-average-need neighborhoods. Its grants spread fairly evenly across need levels.

area typical 10%BOYS TOWN: $200 → 12%BOYS TOWN: $200 → 12%BOYS TOWN: $200 → 12%Boys Town: $100 → 12%Boys Town: $100 → 12%Meals on Wheels and Senior Outreach: $200 → 9%Meals on Wheels Diablo Region: $100 → 9%Meals on Wheels and Senior Outreach: $100 → 9%AARP FOUNDATION: $100 → 9%AARP FOUNDATION: $100 → 9%MEALS ON WHEELS & SENIOR OUTREACH: $200 → 9%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

MN
IL
NV
SD
IA
CA
NE
MO
VA
MD
AZ
KS
DC
GA
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

94%of every dollar goes to organizations it has funded before.
$253k · 56 repeat orgs$16k to everyone else

Grantees it renews have grown median revenue +36% since the first grant, against +35% for those funded once.

56 repeat relationships: 35 still active in FY2025, 21 since wound down; 5 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

56
22

Total granted

$253k
$15k

Median revenue growth · since first grant

+36%
+35%

Still filing today

61%
27%

New vs renewed · share of each year

In FY2025, 95% of grant dollars renewed an existing relationship; $550 went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24’25
AnimalsReligionHuman ServicesHealthEnvironmentEducationOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • TU
    THE UNIVERSITY CORPORATION SAN FRANCISCO STATE
    7× · 2017–2025 · $20k · revenue +60%
  • TP
    THE PEACH FOUNDATION
    4× · 2017–2021 · $18k · revenue +3%
  • AN
    American National Red Cross & Its Constituent Chapters and Branches
    3× · 2017–2025 · $3k · revenue +46%

Funded once

  • PM
    Portugal Macau Institute of America
    one grant, 2018 · $4k
  • CF
    CHINESE FOR CHRIST BERKELEY CHURCH
    one grant, 2017 · $3k
  • A
    ABAF
    one grant, 2022 · $2k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Conservation International Foundation

Ci works to spotlight and secure the critical benefits that nature provides to humanity.

Environment
2
Wildaid Inc

Wildaid's mission is to inspire change and empower the world to protect wildlife and vital habitats from critical threats.

Animals
3
Friends of the Earth

Friends of the earth strives for a more healthy and just world by defendng the environment and human health while advancing social and economic justice by conducting research and education, transforming the economy so it protects the…

Environment
4
The San Francisco Society for the Prevention of Cruelty to Animals

To ensure every companion animal has access to quality medical care, compassionate shelter, and a loving home.

Animals
5
Rainforest Trust

Rainforest trust saves endangered wildlife and protects our planet by creating rainforest reserves through partnerships, community engagement, and donor support.

International
6
Project Drawdown

Project drawdown's mission is to drive meaningful climate action by advancing science-based solutions and strategies. project drawdown's work is focused on three pillars: science - advancing science-based climate solutions and strategies;…

Education
7
Sustainable Fisheries Partnership Foundation

To engage and catalyze global seafood supply chains in rebuilding depleted fish stocks and reducing the environmental impacts of fishing and fish farming.

Animals
8
Oceana Inc

To advocate for policy changes by governments and corporations in order to preserve ocean life and return the oceans to their former abundance.

Environment
9
Food Forward Inc

Food forward fights hunger and prevents food waste by rescuing fresh surplus produce, connecting this abundance with people experiencing food insecurity, and inspiring others to do the same.

Food & Nutrition
10
Sutter Bay Medical Foundation

Mission statement: mission: caring for our patients first and our people always. vision: to be the most comprehensive, integrated and connected health system for getting and staying well. values: excellence - we deliver high-quality,…

Health
11
Banner -University Medical Group

Assist banner health complete its mission to make health care easier so life can be better by providing integrated & coordinated care & population health management.

Health
12
Sustainable Conservation

Sustainable Conservation advances the collaborative stewardship of Californias land, air, and water for the benefit of nature and people. For over three decades, Sustainable Conservation has built coalitions of people with different…

Environment
How this is measured
The grantee most central to the portfolio’s shape is Wounded Warrior Project Inc; the most unlike its peers is Father Flanagan's Boys' Home. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

42 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 42 of the 83 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
4
Early backer (in before they grew)
42/42
Grantees still filing
25/42
Grew since first funded

Where the money sits, by cause and then by grantee

BUDDHIST TZU CHI FOUNDATION: $134,175 · ReligionBUDDHIST TZU CHI FOUNDATION+5 more: $7,995 · Religion+5 moreSan Francisco State U Foundation: $19,000 · OtherSan Francisco State U Founda…THE SALVATION ARMY: $7,000 · OtherTHE SALVATION ARMYAMERICAN RED CROSS BAY AREA CHAPTER: $4,300 · OtherAMERICAN RED CROSS BAY AREA …Individual grant recipient: $4,000 · OtherIndividual grant recipientPortugal Macau Institute of America: $3,500 · OtherCHINESE FOR CHRIST BERKELEY CHURCH: $3,000 · Other+46 more: $28,100 · Other+46 moreTHE UNIVERSITY CORPORATION SAN FRANCISCO STATE: $19,900 · EducationTHE UNIVERSITY C…THE PEACH FOUNDATION: $17,700 · EducationTHE PEACH FOUNDA…Moraga Education Foundation: $1,300 · EducationFIX OUR FERALS: $1,600 · AnimalsTHE MARINE MAMMAL CENTER: $1,600 · AnimalsEAST BAY SPCA: $1,400 · AnimalsDefenders of Wildlife: $1,400 · Animals+4 more: $400 · AnimalsAmerican National Red Cross & Its Constituent Chapters and Branches: $3,000 · Human ServicesWOUNDED WARRIOR PROJECT INC: $1,300 · Human ServicesFather Flanagan's Boys' Home: $800 · Human ServicesMEALS ON WHEELS DIABLO REGION: $600 · Human ServicesAARP FOUNDATION: $200 · Human ServicesOCEAN CONSERVANCY: $1,300 · EnvironmentNATIONAL AUDUBON SOCIETY INC: $1,200 · EnvironmentWORLD WILDLIFE FUND INC: $1,000 · EnvironmentGOLDEN GATE NATIONAL PARKS CONSERVANCY: $250 · EnvironmentALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC: $1,100 · HealthTHE NATIONAL FEDERATION OF THE BLIND: $1,050 · HealthDIABETES RESEARCH AND WELLNESS FOUNDATION INC: $600 · HealthASIAN HEALTH SERVICES: $500 · HealthBLOOD CANCER UNITED INC: $200 · Health
Religion$142,170Other$68,900Education$38,900Animals$6,400Human Services$5,900Environment$3,750Health$3,450

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetBUDDHIST TZU CHI FOUNDATION: $134,175 over 9y, 0.0% of budgetTHE UNIVERSITY CORPORATION SAN FRANCISCO STATE: $19,900 over 7y, 0.1% of budgetTHE PEACH FOUNDATION: $17,700 over 4y, 0.3% of budgetCHINESE CHRISTIAN MISSION INC: $3,120 over 8y, 0.0% of budgetAmerican National Red Cross & Its Constituent Chapters and Branches: $3,000 over 3y, 0.0% of budgetMEDECINS SANS FRONTIERES USA INC: $2,100 over 8y, 0.0% of budgetKQED INC: $1,600 over 8y, 0.0% of budgetGLIDE FOUNDATION: $1,600 over 8y, 0.0% of budgetFIX OUR FERALS: $1,600 over 8y, 0.1% of budgetTHE MARINE MAMMAL CENTER: $1,600 over 8y, 0.0% of budgetEAST BAY SPCA: $1,400 over 7y, 0.0% of budgetDefenders of Wildlife: $1,400 over 7y, 0.0% of budgetOCEAN CONSERVANCY: $1,300 over 8y, 0.0% of budgetWOUNDED WARRIOR PROJECT INC: $1,300 over 6y, 0.0% of budgetMoraga Education Foundation: $1,300 over 1y, 0.1% of budgetAMERICAN BIBLE SOCIETY: $1,275 over 8y, 0.0% of budgetSHOWERS OF BLESSING EVANGELISTIC MINISTRY USA: $1,200 over 2y, 0.2% of budgetNATIONAL AUDUBON SOCIETY INC: $1,200 over 6y, 0.0% of budgetALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC: $1,100 over 5y, 0.0% of budgetTHE NATIONAL FEDERATION OF THE BLIND: $1,050 over 7y, 0.0% of budgetWORLD WILDLIFE FUND INC: $1,000 over 5y, 0.0% of budgetPACIFIC ROWING CLUB: $1,000 over 1y, 0.1% of budgetBay Area Ridge Trail Council: $1,000 over 6y, 0.0% of budgetMoraga Park Foundation: $900 over 6y, 0.4% of budgetTOUCH LIFE MISSION DR GORDON S LEE: $800 over 4y, 0.1% of budgetFather Flanagan's Boys' Home: $800 over 5y, 0.0% of budgetFOOD BANK OF CONTRA COSTA AND SOLANO: $700 over 3y, 0.0% of budgetMEALS ON WHEELS CONTRA COSTA INC: $700 over 4y, 0.0% of budgetMARINE TOYS FOR TOTS FOUNDATION: $600 over 3y, 0.0% of budgetMEALS ON WHEELS DIABLO REGION: $600 over 4y, 0.0% of budgetDIABETES RESEARCH AND WELLNESS FOUNDATION INC: $600 over 3y, 0.0% of budgetASIAN HEALTH SERVICES: $500 over 2y, 0.0% of budgetShepherds Gate: $300 over 1y, 0.0% of budgetNATIONAL LAW ENFORCEMENT OFFICERS MEMORIAL FUND INC: $300 over 3y, 0.0% of budgetCOOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE INC: $300 over 3y, 0.0% of budgetGOLDEN GATE NATIONAL PARKS CONSERVANCY: $250 over 2y, 0.0% of budgetBLOOD CANCER UNITED INC: $200 over 1y, 0.0% of budgetJoybound People and Pets FKA Tony La Russa's Animal Rescue Foundation: $200 over 1y, 0.0% of budgetAARP FOUNDATION: $200 over 2y, 0.0% of budgetDREAMCHASER PMU HORSE RESCUE & REHABILITATION INC: $100 over 1y, 0.0% of budgetWYLIE ANIMAL RESCUE FOUNDATION: $50 over 1y, 0.0% of budgetROCKETDOGRESCUE: $50 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds BUDDHIST TZU CHI FOUNDATION ↗
  • Who funds THE UNIVERSITY CORPORATION SAN FRANCISCO STATE ↗
  • Who funds THE PEACH FOUNDATION ↗
  • Who funds CHINESE CHRISTIAN MISSION INC ↗
  • Who funds American National Red Cross & Its Constituent Chapters and Branches ↗
  • Who funds MEDECINS SANS FRONTIERES USA INC ↗
  • Who funds KQED INC ↗
  • Who funds GLIDE FOUNDATION ↗
  • Who funds FIX OUR FERALS ↗
  • Who funds THE MARINE MAMMAL CENTER ↗
  • Who funds EAST BAY SPCA ↗
  • Who funds Defenders of Wildlife ↗
  • Who funds OCEAN CONSERVANCY ↗
  • Who funds WOUNDED WARRIOR PROJECT INC ↗
  • Who funds Moraga Education Foundation ↗
  • Who funds AMERICAN BIBLE SOCIETY ↗
  • Who funds SHOWERS OF BLESSING EVANGELISTIC MINISTRY USA ↗
  • Who funds NATIONAL AUDUBON SOCIETY INC ↗
  • Who funds ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC ↗
  • Who funds THE NATIONAL FEDERATION OF THE BLIND ↗
  • Who funds WORLD WILDLIFE FUND INC ↗
  • Who funds PACIFIC ROWING CLUB ↗
  • Who funds Bay Area Ridge Trail Council ↗
  • Who funds Moraga Park Foundation ↗
  • Who funds TOUCH LIFE MISSION DR GORDON S LEE ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Shell USA Company FoundationTX19.8× affinity10 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Shell USA Company Foundation · Salesforce Foundation · The Yelp Foundation · East Bay Community Foundation · Marin Community Foundation · Paypal Charitable Giving Fund · The Blackbaud Giving Fund · Beulah Land Foundation · McLIN FAMILY FOUNDATION · Lowell Berry Foundation · The Duffield Family Foundation Dba Maddie's Fund · Analog Devices Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Cheng's Foundation funds: left to right is the share of its income from government, bottom to top the share from Cheng's Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%0%1%3%5%funder's share of their income ↑0%10%20%30%40%share of the org’s income from government →median 2%
  • The National Federation of the Blind: 2% of income from government
  • Wounded Warrior Project Inc: 0% of income from government
no gov moneyreceives it· size = income
1get no government money at all
4report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–40%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 83 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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