Fortune Education Foundation Inc
Preselected recipients only
Fortune Education Foundation Inc is a private foundation in Rahway, New Jersey. In tax year 2024 it gave $64,200 in 10 grants; the typical grant was $5,000 and the largest $10,000. 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$64,200
- Number of grants10
- Typical grant$5,000
- Largest grant$10,000
- Assets$1.6 million
Giving in 2024 was down from $74,200 the year before.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $74,200 | 11 | $1.6 million |
| 2024 | $64,200 | 10 | $1.6 million |
How to apply
Fortune Education Foundation Inc 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 Fortune Education Foundation Inc funds
Where it gives
Its grants went to recipients in 4 states, the most to New Jersey.
| State | Grants | Amount |
|---|---|---|
| New Jersey | 5 | $30,000 |
| California | 3 | $19,200 |
| Illinois | 1 | $10,000 |
| New York | 1 | $5,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Individual | College education | $10,000 |
| Individual | College education | $10,000 |
| Individual | College education | $10,000 |
| Individual | College education | $5,000 |
| Individual | College education | $5,000 |
| Individual | College education | $5,000 |
| Individual | College education | $5,000 |
| Individual | College education | $5,000 |
| Individual | College education | $5,000 |
| Individual | College education | $4,200 |
Officers and trustees
- Norman NG
- John NG
- Chuck Man NG
- Frances Wong
Questions people ask
Does Fortune Education Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Fortune Education Foundation Inc give?
$64,200 in tax year 2024, across 10 grants, with a typical grant of $5,000.
Who runs Fortune Education Foundation Inc?
Its 2024 filing lists Norman NG (Director), John NG (Director), Chuck Man NG (Director) and Frances Wong (Director).
What does Fortune Education Foundation Inc fund?
Based on its grants, mainly education.