East West Bank Foundation
Preselected recipients only
East West Bank Foundation is a private foundation in Pasadena, California. In tax year 2024 it gave $11.3 million in 42 grants; the typical grant was $17,500 and the largest $6.0 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$11.3 million
- Number of grants42
- Typical grant$17,500
- Largest grant$6.0 million
- Assets$54.5 million
- New grantees69%
Giving in 2024 was up from $5.3 million the year before.
69% of its 2024 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 | $5.3 million | 37 | $43.1 million |
| 2024 | $11.3 million | 42 | $54.5 million |
How to apply
East West 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.
What East West Bank Foundation funds
Where it gives
Its grants went to recipients in 6 states, the most to California.
| State | Grants | Amount |
|---|---|---|
| California | 34 | $9.8 million |
| Texas | 1 | $1.4 million |
| District of Columbia | 2 | $60,000 |
| New York | 3 | $58,000 |
| Florida | 1 | $10,000 |
| Massachusetts | 1 | $2,500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Los Angeles County Museum of Art (Lacma) | Program support | $6.0 million |
| Grameen America Inc | Program support | $1.4 million |
| Museum Associates | Program support | $988,568 |
| The Broad | Program support | $856,339 |
| Asian Art Museum | Program support | $500,000 |
| The Academy Foundation | Program support | $500,000 |
| Gold House Foundation Inc | Program support | $250,000 |
| The Colburn School | Program support | $150,000 |
| The Mayor's Fund for Los Angeles | Program support | $100,000 |
| Rise Economy | Program support | $100,000 |
| The Greenlining Institute | Program support | $70,000 |
| Quincy Institute for Responsible Statecraft | Program support | $50,000 |
| San Gabriel Valley Habitat for Humanity | Program support | $50,000 |
| Corporation of the Fine Arts Museums | Program support | $46,500 |
| Wnet | Program support | $25,000 |
| Asian Pacific American Leadership Institute | Program support | $25,000 |
| Buddhist Tzu Chi Foundation | Program support | $25,000 |
| Film Independent | Program support | $25,000 |
| Perelman Performing Arts Center (Pac NYC) | Program support | $23,000 |
| Asian Americans Advancing Justice Southern California | Program support | $20,000 |
| Japanese American National Museum | Program support | $20,000 |
| Mission Economic Development Agency | Program support | $15,000 |
| Pilipino Workers Center of Southern | Program support | $15,000 |
| Asian & Pacific Islander American Vote Inc | Program support | $10,000 |
| Asian Pacific American Leadership Foundation (Apalf) | Program support | $10,000 |
| 80-20 Educational Foundation Inc | Program support | $10,000 |
| LOS ANGELES BUSINESS COUNCIL INSTITUTE (LABCi) | Program support | $10,000 |
| Oca New York | Program support | $10,000 |
| Herbie Hancock Institute of Jazz | Program support | $10,000 |
| El Monte Police Officers Foundation | Program support | $10,000 |
| Low Income Investment Fund (Liif) | Program support | $10,000 |
| From the Heart Productions | Program support | $10,000 |
| Center for Asian American United for Self Empowerment | Program support | $10,000 |
| San Francisco Museum of Modern Art | Program support | $5,600 |
| Health Education Council | Program support | $5,000 |
| Kaimore | Program support | $5,000 |
| First Tee Los Angeles | Program support | $5,000 |
| The UCLA Foundation | Program support | $5,000 |
| Western Justice Center | Program support | $5,000 |
| Telacu Education Foundation | Program support | $5,000 |
Officers and trustees
- Douglas Krause
- Gary Teo
- Sharon Cheung
- Dominic NG
- Travis Kiyota
Questions people ask
Does East West Bank Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does East West Bank Foundation give?
$11.3 million in tax year 2024, across 42 grants, with a typical grant of $17,500.
Who runs East West Bank Foundation?
Its 2024 filing lists Douglas Krause (Secretary & Director), Gary Teo (Director), Sharon Cheung (Cfo) and Dominic NG (Chairman) among 5 officers and trustees.
What does East West Bank Foundation fund?
Based on its grants, mainly arts and culture, education and community development.