About Cathay Bank Foundation
The Cathay Bank Foundation shows highly concentrated, large-scale philanthropy: both recorded grants (totaling $4.78M) go to a single listed recipient. This indicates the foundation prefers significant, targeted investments — likely to support a specific capital project, institutional expansion, or a major program partner rather than many small grants. Given the foundation’s banking roots and California location, these funds are plausibly aimed at community or economic development initiatives serving the local/Asian American community, though the raw grant data does not specify beneficiary details.
Focus Areas
Large institutional or capital support for a single partnerCommunity economic development / small business support in Los Angeles CountyFinancial capability, workforce development, or affordable housing initiatives tied to bank philanthropy
Giving Approach
Highly concentrated: two large grants to the same recipient (single-beneficiary focus), suggesting strategic, sizable commitments rather than distributed small grants or many repeat grantees.
Funding Style
operating supportunrestricted operating supportcore organizational support
About Cathay Bank Foundation
Cathay Bank Foundation’s recent giving is defined by a pair of very large grants recorded in consecutive years: $2,626,000 in 2023 and $2,154,500 in 2024, both to the same listed recipient. That pattern points to targeted, high-value support rather than a broad scatter of small awards. In the 2025 grants list, the foundation’s support moves through operating grants to community organizations serving Asian American, immigrant, and local neighborhood needs across California and nearby service areas. Recipients include Chinatown Service Center, Asian American Education Project, Asian Pacific Community Fund of Southern California, and Little Tokyo Service Center Community Development Corporation, suggesting a blend of cultural, educational, and social-service priorities. Other awards reach groups working in small business support, elder services, housing, and youth development, such as Asian Pacific Islander Small Business Program Inc, Self-help for the Elderly, Neighborhood Housing Services of Los Angeles County, and Koreatown Youth and Community Center. The foundation’s grantmaking profile shows a strong emphasis on operating support, with many awards directed to established community-based nonprofits.
What Cathay Bank Foundation Funds
Community and cultural service organizations are a clear part of the foundation’s portfolio. In 2025, it gave $120,000 to Chinatown Service Center (CSC) for operating support, $45,000 to Asian Pacific Community Fund of Southern California (APCF) for operating support, and $20,000 to Little Tokyo Service Center Community Development Corporation (LTSC) for operating support. Education is another visible theme: Asian American Education Project received $83,353, while Junior Achievement of Southern California Inc (JASOCAL) received $80,000, both as operating support. The foundation also backed economic opportunity work, including $50,000 to Asian Pacific Islander Small Business Program Inc (API SBP) and $18,000 to Accion Opportunity Fund. Social services and wellbeing appear in awards to Family Bridges Inc, Center for the Pacific Asian Family (CPAF), and Haven Neighborhood Services, each listed for operating support.
How Cathay Bank Foundation Gives
Cathay Bank Foundation’s typical grant size is large, with a p25 of $2,272,375, a median of $2,390,250, and a p75 of $2,508,125 in the available distribution. The grant list also shows a strong operating-support pattern across many awards. Recipient names recur across the dataset as a whole: the same listed recipient appears in the two largest grants recorded for 2023 and 2024, while 2025 support is spread across many community organizations. The foundation uses invitation-only grant programs and LOI-based general grantmaking, and it also runs a scholarship program. Several listed programs are limited to the regions where Cathay Bank operates, and one program explicitly accepts unsolicited scholarship applications.
Financial Snapshot
Annual Giving
$2.8M
Total Assets
$143K
Total Revenue
$2.8M
Total Expenses
$2.9M
Typical Grant Size
Most grants fall between $2.3M and $2.5M, with a median of $2.4M.
25th Percentile
$2.3M
Median
$2.4M
75th Percentile
$2.5M
Geographic Reach
Regional13 states funded
Funding intensity
LowHigh
Headquarters
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