346 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $811K in total assets. In 2024, it awarded 6 grants totaling $60K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$811K
-7.0% YoY
Annual Giving
$60K
+50.0% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$10K
-25.0% YoY
Under IRS private-foundation payout rules, 346 Foundation reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.
About 346 Foundation
Based on IRS filings
346 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $811K in total assets. In 2024, it awarded 6 grants totaling $60K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $811,483 | $872,714 | $914,620 |
| Revenue | $9,250 | $8,491 | $3,692 |
| Expenses | $70,481 | $50,397 | $83,649 |
| Qualifying Distributions | $70,363 | $50,346 | $83,648 |
| Net Investment Income | $9,250 | $8,491 | $3,692 |
| Distributable Amount | $41,302 | $43,749 | $46,929 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Peace Korean Reformed Church ($20,000), America Wheat Mission Inc ($10,000), Grace River Korean United Methodist Church ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICA WHEAT MISSION INC SADDLE BROOK, NJ | General & Unrestricted | $10,000 |
| COMPASSIONATE ANIMAL RESCUE EFFORTS OF DUTCHESS CO WAPPINGERS FL, NY | General & Unrestricted | $5,000 |
| GRACE RIVER KOREAN UNITED METHODIST CHURCH FULLERTON, CA | General & Unrestricted | $10,000 |
| LIGHTHOUSE COMMUNITY CHURCH OF SOUTH BAY TORRANCE, CA | General & Unrestricted | $10,000 |
| MOSO MISSION FOR CHRIST NORWALK, CA | General & Unrestricted | $5,000 |
| PEACE KOREAN REFORMED CHURCH FAIR LAWN, NJ | General & Unrestricted | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Derek B Kim | Dir, Pres, Sec, Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 346 Foundation?
346 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $811K in total assets as of 2024.
How large is 346 Foundation?
As of 2024, 346 Foundation holds $811K in total assets with $9K in annual revenue. It awarded 6 grants totaling $60K in 2024.
Where does 346 Foundation operate?
346 Foundation has awarded grants in California, New Jersey, New York.
What size grants does 346 Foundation award?
In 2024, 346 Foundation awarded 6 grants totaling $60K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is 346 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 346 Foundation reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 346 Foundation's EIN?
346 Foundation's EIN (Employer Identification Number) is 87-3077923. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in 346 Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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