TY 2021 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	2,436,350
2	Check .............
3	Interest on savings and temporary cash investments	10,304	10,304	10,304
4	Dividends and interest from securities...	45,214	45,214	45,214
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		228,055
b	Gross sales price for all assets on line 6a 228,055
7	Capital gain net income (from Part IV, line 2)...		228,055
8	Net short-term capital gain.........			0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	2,719,923	283,573	55,518
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		26,411	0	0	26,411
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		8,000	0	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	4,279	0	0	4,279
22	Printing and publications..........
23	Other expenses (attach schedule).......		13,576	0	0	13,576
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	52,266	0	0	44,266
25	Contributions, gifts, grants paid.......	186,800			186,800
26	Total expenses and disbursements. Add lines 24 and 25	239,066	0	0	231,066
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,480,857
b	Net investment income (if negative, enter -0-)		283,573
c	Adjusted net income (if negative, enter -0-)...			55,518

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	2,292	64,785	64,785
	2	Savings and temporary cash investments.........	554,488	1,634,492	1,634,492
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,956,537	3,420,650	3,420,650
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,526,400	2,881,030	2,881,030
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	16	109	109
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,039,733	8,001,066	8,001,066
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	5,039,733	8,001,066
	29	Total net assets or fund balances (see instructions).....	5,039,733	8,001,066
	30	Total liabilities and net assets/fund balances (see instructions).	5,039,733	8,001,066

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7		2	228,055
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3	0

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	3,942
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,942
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	4,335
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	4,335
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8	20
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	373
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax373	Refunded	11	0

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
KIMMY DUONG	PRESIDENT 10.00	0	0	0
1761 BUSINESS CENTER DRIVE RESTON,VA20190

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE KDF SCHOLARSHIP 2020-2021 PROGRAM:THIS PROGRAM IS FOR VIETNAMESE AMERICAN STUDENTS ENROLLED IN THE FOLLOWING SIX INSTITUTIONS: THE UNIVERSITY OF MARYLAND (UMD), GEORGE MASON UNIVERSITY (GMU), NORTHERN VIRGINIA COMMUNITY COLLEGE (NOVA), MONTGOMERY COLLEGE (MC), VIRGINIA POLYTECHNIC INSTITUTE (VPI), UNIVERSITY OF VIRGINIA (UVA).ELIGIBLE STUDENTS MUST BE US CITIZENS OR US PERMANENT RESIDENTS (EXCEPT FOR THE 3 GOLD SCHOLARSHIPS MENTIONED BELOW) WHO DEMONSTRATE: OUTSTANDING ACADEMIC ACHIEVEMENT, STRONG LEADERSHIP POTENTIAL, A TRACK RECORD OF SERVICE TO THE VIETNAMESE AND AMERICAN COMMUNITIES, PRIDE IN THEIR VIETNAMESE CULTURE AND HERITAGE, AND A PASSION TO APPLY THEIR ACADEMIC BACKGROUND TO CREATE A BETTER WORLD, BOTH IN AMERICA AND IN VIETNAM.* 3 GOLD SCHOLARSHIPS WILL BE RESERVED FOR VIETNAMESE STUDENTS FROM VIETNAM, WHO HAVE BEEN ACCEPTED TO US UNIVERSITIES *	118,500
2	THE KDF HARDSHIP GRANTS:IN ORDER TO HELP THE FAMILIES OF THE VIRGINIA, MARYLAND, AND DC AREA, WHO ARE IN ECONOMIC HARDSHIP, KIMMY DUONG FOUNDATION WILL PROVIDE THE FOLLOWING AID: THE AMOUNT OF AID FOR EACH FAMILY: $500 OR $1,000- THE FOLLOWING CONDITIONS APPLY:1. HEADS OF HOUSEHOLD WITH INCOME UNDER 150% OF FEDERAL POVERTY LINE, WHO ARE EXPERIENCING ECONOMIC HARDSHIP.2. RESIDING AND WORKING IN THE VIRGINIA, MARYLAND AND DC AREA.3. MAXIMUM 20 GRANTS PER MONTH. LIMIT ONE GRANT PER FAMILY PER YEAR	67,000
3


4

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					0
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	41,146
b From 2017......	228,725
c From 2018......	34,949
d From 2019......	15,139
e From 2020......
f Total of lines 3a through e ........		319,959
4Qualifying distributions for 2021 from Part
XI, line 4: $
a Applied to 2020, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....					0
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		319,959
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		41,146
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		278,813
10 Analysis of line 9:
a Excess from 2017....	228,725
b Excess from 2018....	34,949
c Excess from 2019....	15,139
d Excess from 2020....
e Excess from 2021....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years	(e) Total
(a) 2021	(b) 2020	(c) 2019	(d) 2018
55,518	149,461	0	0	204,979
b 85% (0.85) of line 2a .........	47,190	127,042	0	0	174,232
c Qualifying distributions from Part XI, line 4 for each year listed .....	231,066	286,531	0	0	517,597
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	1,300	125,200	0	0	126,500
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	229,766	161,331	0	0	391,097
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	224,835	101,862	0	0	326,697
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
VA CHARITY GROUP 6543 RENWOOD LN ANNANDALE,VA22003	NONE	PC	CHARITABLE	300
VIETNAMESE LITERARY & ARTISTIC CLUB 3701 ROSE LANE ANNANDALE,VA22003	NONE	PC	CHARITABLE	1,000
UNIVERSITY OF MARYLAND FBO JANET TR 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	1,000
UNIVERSITY OF MARYLAND FBO KIMBERLI 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO JASMINE 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO EMILY CH 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO EMILY NG 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO CHRISTIN 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO BRIAN MA 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO EMILY LE 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO ANSIH KA 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO RON CHAW 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO MATTHEW 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO THUY NGO 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO GERALD E 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO CINDY VO 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO KATHERIN 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO JOYCE DA 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO THUY-VI PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO VIVIAN C PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO JONATHAN PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	1,000
UNIVERSITY OF VIRGINIA FBO ANGELA C PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO COLBY BA PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO ANDREW N PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	1,000
UNIVERSITY OF VIRGINIA FBO GABRIELL PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO ISABELLE PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO JULIA HA PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO THAI-PHU PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF VIRGINIA FBO DAO CA T PO BOX 400160 CHARLOTTESVILLE,VA22904	NONE	I	SCHOLARSHIP	2,000
VA TECH UNIVERSITY FBO LILY LINH LE 800 WASHINGTON ST SW BLACKSBURG,VA24061	NONE	I	SCHOLARSHIP	1,000
VA TECH UNIVERSITY FBO ANNA KHANH-H 800 WASHINGTON ST SW BLACKSBURG,VA24061	NONE	I	SCHOLARSHIP	2,000
VA TECH UNIVERSITY FBO LINH TRANMAI 800 WASHINGTON ST SW BLACKSBURG,VA24061	NONE	I	SCHOLARSHIP	2,000
UNIVERSITY OF MARYLAND FBO SHAYNA B 7950 BALTIMORE AVE COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIP	2,000
NORTHERN VA COMMUNITY COLLEGE FBO S 8333 LITTLE RIVER TURNPIKE ANNANDALE,VA22003	NONE	I	SCHOLARSHIP	1,000
NORTHERN VA COMMUNITY COLLEAGE FBO 8333 LITTLE RIVER TURNPIKE ANNANDALE,VA22003	NONE	I	SCHOLARSHIP	2,000
NORTHERN VA COMMUNITY COLLEGE FBO T 8333 LITTLE RIVER TURNPIKE ANNANDALE,VA22003	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO BETSY B 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO HUYENMI 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	1,000
GEORGE MASON UNIVERSITY FBO BLYTHE 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO JULIA H 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO HO PHUO 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	1,000
GEORGE MASON UNIVERSITY FBO ANGELIE 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO DUNG NG 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO THI KIE 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	1,000
GEORGE MASON UNIVERSITY FBO CLAUDIA 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO HANH NG 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	1,000
GEORGE MASON UNIVERSITY FBO KHAI TU 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO NHA-UYE 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	1,000
GEORGE MASON UNIVERSITY FBO QUOC-NA 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO SOPHIA 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO VINCENT 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO KIM-DUY 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO MAI NGOC QUACH 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE		SCHOLARSHIP	2,000
NORTHERN VA COMMUNITY COLLEGE FBO M 8333 LITTLE RIVER TURNPIKE ANNANDALE,VA22003	NONE	I	SCHOLARSHIP	2,000
NORTHERN VA COMMUNITY COLLEGE FBO Y 8333 LITTLE RIVER TURNPIKE ANNANDALE,VA22003	NONE	I	SCHOLARSHIP	2,000
NORTHERN VA COMMUNITY COLLEAGE FBO 8333 LITTLE RIVER TURNPIKE ANNANDALE,VA22003	NONE	I	SCHOLARSHIP	2,000
MONTGOMERY COLLEGE FBO YNHU TU 51 MANNAKEE ST ROCKVILLE,MD20850	NONE	I	SCHOLARSHIP	1,000
MONTGOMERY COLLEAGE FBO EMILY PHUON 51 MANNAKEE ST ROCKVILLE,MD20850	NONE	I	SCHOLARSHIP	2,000
MONTGOMERY COLLEGE FBO KPARDEH BOAY 51 MANNAKEE ST ROCKVILLE,MD20850	NONE	I	SCHOLARSHIP	1,000
VA TECH UNIVERSITY FBO ANTHONY TRAN 800 WASHINGTON ST SW BLACKSBURG,VA24061	NONE	I	SCHOLARSHIP	2,000
MONTGOMERY COLLEGE FBO MAMAIE ADJO- 51 MANNAKEE ST ROCKVILLE,MD20850	NONE	I	SCHOLARSHIP	1,000
GEORGE MASON UNIVERSITY FBO TIFFANY 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO STEPHAN 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO KHANH-V 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO KIM TRU 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO TRACY T 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO NOEL QU 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	2,000
GEORGE MASON UNIVERSITY FBO JUSTIN 4400 UNIVERSITY DR FAIRFAX,VA22030	NONE	I	SCHOLARSHIP	1,000
VA TECH UNIVERSITY FBO LINH TRANTHA 800 WASHINGTON ST SW BLACKSBURG,VA24061	NONE	I	SCHOLARSHIP	2,000
Total ................................. 3a				121,300

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	LONG TERM CAPITAL GAIN DISTRIBUTIONS	P
b
c
d
e

(e) Gross sales price		(h) Gain or (loss) (e) plus (f) minus (g)
a	228,055	228,055
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			228,055
b
c
d
e

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	10,304
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	228,055
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		283,573	0


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

bApproved for future payment

Total ................................. 3b				0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization THE KIMMY DUONG FOUNDATION			Employer identification number 47-3807156

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
1	CAPITAL ONE BANK 1680 CAPITAL ONE DR MCLEAN, VA22102	$ 8,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
2	COGERO 12110 SUNSET HILLS RD SUITE 600 RESTON, VA20190	$ 10,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
3	DIEN NGUYEN 1104 MAPLES AVE VIENNA, VA22180	$ 63,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
4	HAI NGUYEN 11351 ENCHANTO VISTA DR SAN JOSE, CA95127	$ 102,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
5	HONG VAN DUONG 3878 EVANGELHO CIR SAN JOSE, CA95148	$ 20,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
6	LONG NGUYEN 1761 BUSINESS CENTER DRIVE RESTON, VA20190	$ 2,100,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization THE KIMMY DUONG FOUNDATION			Employer identification number 47-3807156
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
7	TRUONG DUONG 22437 SWEETSPIRE DR CLARKSBURG, MD20871	$ 50,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
8	ANH DAO DUONG 283 BROMLEY CROSS DRIVE SAN JOSE, CA95119	$ 54,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
9	SUNG NGUYEN 43242 MISSION HILLS WAY LEESBURG, VA20176	$ 10,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization THE KIMMY DUONG FOUNDATION		Employer identification number 47-3807156

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)


Name of organization THE KIMMY DUONG FOUNDATION			Employer identification number 47-3807156
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CITIGROUP INC	120,780	120,780
GENERAL DYNAMICS CORP	208,470	208,470
INTL BUSINESS MACH	229,361	229,361
LOCKHEED MARTIN CORP COM	177,705	177,705
MARRIOTT INTERNATIONAL COM	165,240	165,240
MGM RESORTS INTERNATIONAL COM	44,880	44,880
MICROSOFT CORP	336,320	336,320
SNOWFLAKE INC CL A	203,250	203,250
TESLA INC COM	1,796,526	1,796,526
VERIZON COMMUNICATIONS	25,980	25,980
VIATRIS INC COM	839	839
HUMBLE INC COM	1,401	1,401
KYNDRYL HLDGS INC	6,208	6,208
RIVIAN AUTOMOTIVE INC COM CL A	103,690	103,690

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BARRON PARTNERS FUND	FMV	714,007	714,007
FIDELITY BLUE CHIP GROWTH	FMV	748,634	748,634
FIDELITY GOVERNMENT CASH RESERVES	FMV	917	917
FIDELITY GOVERNMENT MONEY MARKET	FMV	269,456	269,456
MORGAN STANLEY INSIGHT A	FMV	1,005,159	1,005,159
INVESCO QQQ TR UNIT SER 1	FMV	71,613	71,613
SPDR S&P 500 ETF TRUST	FMV	71,244	71,244

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
FILING FEE	25	25
BANK FEE	2	2
SUPPLIES	1,438	1,438
TELEPHONE AND TELECOMMUNICATIONS	211	211
IT SERVICES	11,300	11,300
EQUIPMENT RENTAL & MAINTENANCE	600	600

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROFESSIONAL FEES	25,000	0	0	25,000
CONTRACT SERVICES	1,411	0	0	1,411

Software ID:
Software Version:

Name	Address
KIMMY DUONG	7830 MONTVALE WAY MCLEAN,VA22102
HAI NGUYEN	11351 ENCHANTO VISTA DR SAN JOSE,CA95127
LONG NGUYEN	1761 BUSINESS CENTER DRIVE RESTON,VA20190