2024-05-09T11:07:03-04:00 2023-12-31 922612616 Paley and Prehn A Professional Law Corporation 819 EDDY STREET SAN FRANCISCO CA 94109 990PF 2023-12-07 934831437 The Marcus and Desiree Chung Family Foundation % Marcus MARC 8337661313 C/O Paley And Prehn Plc 819 Eddy St San Francisco CA 94109 Marcus Chung President 4086234999 2024-05-09 true Raquel Lazar Paley P03121904 8337661313 2023 2023-04-26 12:10:37Z X X X X 1999500 X 2000000 0 0 2000000 0 0 0 0 0 500 0 0 500 2000000 0 0 0 1999500 1999500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1999500 1999500 0 0 0 0 0 0 0 0 0 0 X 0 1999500 0 0 0 1999500 0 1999500 0 2000000 2000000 500 1999500 0 0 0 0 0 0 0 0 0 0 0 0 0 false false false 0 0 0 false false false false true true CA false false true false false false Paley and Prehn PLC 8337661313 c/o Paley and Prehn PLC 819 Eddy Street San Francisco CA 94109 false false false false false false false false false false false false false false false false false false false false false false false Marcus Chung 2106 Cruden Bay Way Gilroy CA 95020 President 2.00 0 0 0 Desiree Chung 2106 Cruden Bay Way Gilroy CA 95020 Secretary Treasurer 2.00 0 0 0 NONE NONE Grantmaking - Grant made by the Foundation to the St. Jude Children's Hospital for its general operating purposes. 500 0 2000000 0 2000000 0 0 2000000 30000 1970000 6747 6747 0 0 0 6747 0 6747 0 6747 500 0 0 0 0 500 6747 0 2021 2020 2019 0 0 0 0 0 0 0 500 0 0 0 500 0 0 0 0 0 0 0 0 6247 0 0 0 0 0 0 0 0 X St Jude Childrens Research Hospital 501 St Jude Place Memphis TN 38105 509a1 Treatment of childhood cancers and pediatric diseases. 500 500 0 0 0 0 0 false false false false false false false false false false X X 1 Marcus and Desiree Chung 2106 Cruden Bay Way Gilroy CA 95020 2000000 X The Foundation was established in December of 2023; due to logistical considerations the foundation's bank account was not set up until December 28 2023 limiting the timeframe for charitable distributions. On December 30 2023 The Foundation made an initial donation of $500 signaling its dedication to advancing philanthropic causes. Of the total charitable distributions made during the tax year the entirety $500 was provided in the form of cash comprising 100% of the foundation's charitable distributions for the year. While the late setup of the bank account restricted the foundation's ability to engage in additional charitable activities in TY2023 the Foundation remains committed to expanding its philanthropic efforts in the future. This newly-created foundation will meet its minimum distribution requirements by the end of its second year of existence December 31 2024. This is the first Form 990-PF filed for a new Family Foundation. The Initial Registration Form CT-1 was submitted to the Attorney General of California Registry of Charitable Trusts with Form 1023 in January of 2024. A copy of this Form 990-PF will also be sent to the Attorney General following submission. $500 grant to St Jude Children's Research Hospital 500 Marcus Chung 2106 Cruden Bay Way Gilroy CA 95020 Desiree Chung 2106 Cruden Bay Way Gilroy CA 95020