According to published data, Tang has given away $200–250 million as of 2010.
Among other recognitions for his philanthropy, Tang is an honoree of the Carnegie Corporation's "Great Immigrants: The Pride of America."
 Tang is known to be a significant donor to institutions such as the Metropolitan Museum of Art, the New York Philharmonic, Yale University, Skidmore College, the Vail Valley Foundation, the Gordon Parks Foundation, and other organizations.
Tang has also contributed to other institutions including the Tang Center for Early China at Columbia University, the Princeton University's P.Y. and Kinmay W. Tang Center for East Asian Art, the Tang Center at MIT, Duke University, University of California, Berkeley, Cornell University, and Harvard University.
In 2008, he gave $25 million to Phillips Academy in what was the school's largest ever single contribution.
In 2014, he donated an additional $15 million to Andover to establish the Tang Institute at Andover.
At The Rectory School in Pomfret, Connecticut, Tang donated the P.Y and Kinmay Tang Performing Arts Center and has created the Tang Family Endowment for Excellence in Teaching with $5 million.

In June 2016, Tang was honored by the Metropolitan Museum with its Business Committee Civic Leadership Award for his service and contribution as a longtime trustee and philanthropist.
According to published data, Tang has given away $200–250 million as of 2010. Among other recognitions for his philanthropy, Tang is an honoree of the Carnegie Corporation's "Great Immigrants: The Pride of America."  Tang is known to be a significant donor to institutions such as the Metropolitan Museum of Art, the New York Philharmonic, Yale University, Skidmore College, the Vail Valley Foundation, the Gordon Parks Foundation, and other organizations. Tang has also contributed to other institutions including the Tang Center for Early China at Columbia University, the Princeton University's P.Y. and Kinmay W. Tang Center for East Asian Art, the Tang Center at MIT, Duke University, University of California, Berkeley, Cornell University, and Harvard University. In 2008, he gave $25 million to Phillips Academy in what was the school's largest ever single contribution. In 2014, he donated an additional $15 million to Andover to establish the Tang Institute at Andover. At The Rectory School in Pomfret, Connecticut, Tang donated the P.Y and Kinmay Tang Performing Arts Center and has created the Tang Family Endowment for Excellence in Teaching with $5 million.
In June 2016, Tang was honored by the Metropolitan Museum with its Business Committee Civic Leadership Award for his service and contribution as a longtime trustee and philanthropist.
Oscar Tang