Washington, D.C. · Nonprofit
ACE FOUNDATION
ACE FOUNDATION (Washington, D.C.) receives grants from 16 organizations whose IRS filings report $7,752,250 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($5,521,000). 8 of them have funded it in more than one year, and 74% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $2.1M
- Funders on record
- 16
- Grants received
- $7.8M
- Net assets
- $3.2M
What Ace Foundation does
Mission
To improve the quality of life for asian and pacific islander americans by assisting the asian american and pacific islander (aapi) and all small business communities through business education and training, research, and community development.
As stated on its FY2025 Form 990.
Programs
Education - Ace Foundation works to educate all small business communities on issues that will directly improve their economic, political, and social well-being. Ace Foundation hosts events aimed to help educate all business communities. These events include roundtables and symposiums coordinated with federal government agencies. Many of these events are virtual webinars which cover topics around access to capital, contracting opportunities, grant writing, retirement security, financial capacity, and challenges facing minority business owners.
$503,643 spentof which $47,500 as grants34% of program spendingEconomic development - Ace Foundation educates local and regional chambers of commerce, mou partners, and other stakeholders across the country to provide innovative business solutions through quality programs and services. Ace Foundation also contributes to our nation's economic growth, business development, and government efficiency by supporting programs and policies that create more aapi business owners, entrepreneurs, and corporate leaders.
$488,527 spentof which $47,500 as grants33% of program spendingSmall business priority - small business is a national call-to-action program powered by the national asian/pacific islander american chamber of commerce and entrepreneurship (national ace). The program's primary goal is to convene our network of business organizations, entrepreneurs, corporate leaders, and stakeholders to advance equity, justice, and opportunity for communities everywhere. The small business priority program fosters the wellbeing of these vital institutions by providing technical assistance on business resilience, resources on business recovery, information on starting, growing, or retaining a business, and creating avenues for education on access to capital and contracting.
$485,000 spentof which $485,000 as grants$18,100 earned by the program33% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $1,477,170.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $658k to $2.4M (+262%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
95% of ACE FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Chiling Tong
President and CEO
Board chair
Jimmy Ferguson
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 7 funders, grant income rose $70k → $2.1M.
5 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 74% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of ACE FOUNDATION’s funders (the co-funder graph). Top 15 of 16 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ACE FOUNDATION leans on a few funders — its largest provides 71% of grant income and the top three 89%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
76% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ACE FOUNDATION.
Largest funder’s share by year: 2017 71% · 2018 67% · 2019 71% · 2020 45% · 2021 75% · 2022 70% · 2023 91% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
60% of ACE FOUNDATION's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
74% of ACE FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $2.0M that is directly attributable, 99% of it comes from funders outside Washington, D.C., across 8 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $5.8M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ACE FOUNDATION has grown faster than three-quarters of the 6,891 human services nonprofits its size.
this organization peer median middle 50% of peers· 6,891 human services nonprofits $1M–$10M, FY2025
Organizations like ACE FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Washington, D.C.
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
76% of spending goes to programs.
Governance
Public support
36%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 3 states
Screen this organization
A dated, signed PDF of the compliance screen for ACE FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ACE FOUNDATION?
- ACE FOUNDATION (Washington, D.C.) receives grants from 16 organizations whose IRS filings report $7,752,250 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($5,521,000). 8 of them have funded it in more than one year, and 74% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does ACE FOUNDATION have?
- IRS filings report 16 organizations giving $7,752,250 in grants to ACE FOUNDATION, 8 of which have funded it in more than one year.
- Who is the largest funder of ACE FOUNDATION?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $5,521,000 in grants. The full list of funders is on this page.
- How can an organization like ACE FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 16 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing