Cathay Bank Foundation
Preselected recipients only
Cathay Bank Foundation is a private foundation in El Monte, California. In tax year 2025 it gave $2.8 million in 227 grants; the typical grant was $5,000 and the largest $125,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$2.8 million
- Number of grants227
- Typical grant$5,000
- Largest grant$125,000
- Assets$143,170
- New grantees47%
Giving in 2025 was up from $2.3 million the year before.
47% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $2.2 million | 1 | $694,440 |
| 2024 | $2.3 million | 223 | $314,746 |
| 2025 | $2.8 million | 227 | $143,170 |
How to apply
Cathay Bank Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What Cathay Bank Foundation funds
Where it gives
Its grants went to recipients in 12 states, the most to California.
| State | Grants | Amount |
|---|---|---|
| California | 131 | $2.0 million |
| New York | 39 | $276,000 |
| District of Columbia | 4 | $138,500 |
| Georgia | 1 | $100,000 |
| Illinois | 7 | $72,000 |
| Washington | 11 | $63,700 |
| Texas | 13 | $50,000 |
| New Jersey | 7 | $32,000 |
| Nevada | 5 | $20,000 |
| Massachusetts | 5 | $16,500 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| World Central Kitchen Inc | Operating support | $125,000 |
| Dream Center Foundation | Operating support | $125,000 |
| Pasadena Community Foundation | Operating support | $125,000 |
| Chinatown Service Center | Operating support | $120,000 |
| Operation Hope | Operating support | $100,000 |
| California Community Foundation | Operating support | $100,000 |
| Asian Pacific Community Fund of Southern California | Operating support | $75,000 |
| Junior Achievement of Southern California Inc | Operating support | $70,000 |
| Asian Pacific Islander Small Business Program Inc | Operating support | $50,000 |
| Friends of the Chinese American Museum | Operating support | $50,000 |
| La Fire Department Foundation | Operating support | $50,000 |
| The Greenlining Institute | Operating support | $40,000 |
| Center for the Pacific Asian Family | Operating support | $30,000 |
| Neighborhood Housing Services of Los Angeles County | Operating support | $30,000 |
| Self-Help for the Elderly | Operating support | $30,000 |
| Southern California Public Radio | Operating support | $30,000 |
| Koreatown Youth and Community Center | Operating support | $25,000 |
| Pasadena Symphony Association | Operating support | $25,000 |
| Chinese American Service League Inc | Operating support | $25,000 |
| Rise Economy | Operating support | $25,000 |
| American Cancer Society | Operating support | $25,000 |
| Teach Aapi | Operating support | $25,000 |
| 1990 Institute | Operating support | $25,000 |
| Committee of 100 | Operating support | $25,000 |
| The Asian American Education Project | Operating support | $25,000 |
| East West Players | Operating support | $25,000 |
| Sherwood Forestry Service Inc - Watch Duty | Operating support | $25,000 |
| Door of Hope | Operating support | $25,000 |
| Habitat for Humanity of Greater la | Operating support | $25,000 |
| Haven Services Inc | Operating support | $22,500 |
| Asian Health Services | Operating support | $20,000 |
| Little Tokyo Service Center Community Development Corporation | Operating support | $20,000 |
| New Economics for Women | Operating support | $20,000 |
| Anewamerica Community Corporation | Operating support | $20,000 |
| Asian Americans Advancing Justice - Los Angeles | Operating support | $20,000 |
| Family Bridges Inc | Operating support | $20,000 |
| Coalition of Asian American Children and Families | Operating support | $17,500 |
| Boys & Girls Club of West San Gabriel Valley | Operating support | $15,000 |
| Iris Cantor - UCLA Women's Health Education and Research Center | Operating support | $15,000 |
| Pacific Asian Consortium in Employment | Operating support | $15,000 |
Officers and trustees
- Deborah F Ching
- Jack Sun
- Nancy Tarr
- Chang Liu
- Diana Yang
- Anthony Hua
- Veronica Tsang
- Richard Sun
- Stewart Kwoh
- Kenyon Mayeda
Questions people ask
Does Cathay Bank Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Cathay Bank Foundation give?
$2.8 million in tax year 2025, across 227 grants, with a typical grant of $5,000.
Who runs Cathay Bank Foundation?
Its 2025 filing lists Deborah F Ching (Chair), Jack Sun (Treasurer), Nancy Tarr (Secretary) and Chang Liu (Member) among 10 officers and trustees.
What does Cathay Bank Foundation fund?
Based on its grants, mainly community development, arts and culture and education.