346 Foundation
346 Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $639K in total assets. In 2025, it awarded 8 grants totaling $170K. Net investment income was $8K.
346 Foundation at a glance
In short: 346 Foundation gave $170K across 8 grants in 2025 (avg $21K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $170,000
- +183.3% vs 2024
- Grants made (2025)
- 8
- +33.3% vs 2024
- Average grant
- $21,250
- +112.5% vs 2024
- Median grant
- $17,500
- Total assets
- $638,774
- -21.3% vs 2024
- Primary geography
- California (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who 346 Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Ideagarden Institute Incorporated ($50K). Together the top 8 received $170K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 17 grants of 19 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How 346 Foundation gives
- Giving grew 127% from 2022 to 2025. Method
- In 2025 it paid out 534% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $40K (2023) to $170K (2025). In 2025 it made 8 grants totaling $170K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ideagarden Institute Incorporated Healdsburg, CA | Climate Farm School | $50,000 |
| Calvary Chapel Palos Verdes RLLNG HLS Est, CA | General & Unrestricted | $30,000 |
| Los Angeles Fire Department Foundation Los Angeles, CA | General & Unrestricted | $25,000 |
| Pasadena Humane Society Pasadena, CA | General & Unrestricted | $25,000 |
| America Wheat Mission Inc Saddle Brook, NJ | General & Unrestricted | $10,000 |
| Grace River Korean United Methodist Church Fullerton, CA | The New Preschool | $10,000 |
| Moso Mission for Christ Norwalk, CA | General & Unrestricted | $10,000 |
| Peace Korean Reformed Church Fair Lawn, NJ | General & Unrestricted | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $638,774 | $7,553 | $180,262 | $170,000 | 8 | $180,133 | $7,553 | $33,711 |
| 2024 | $811,483 | $9,250 | $70,481 | $60,000 | 6 | $70,363 | $9,250 | $41,302 |
| 2023 | $872,714 | $8,491 | $50,397 | $40,000 | 3 | $50,346 | $8,491 | $43,749 |
| 2022 | $914,620 | $3,692 | $83,649 | $75,000 | 2 | $83,648 | $3,692 | $46,929 |
| 2021 | $994,577 | $1,000,077 | $5,500 | — | — | $5,500 | $77 | $1,923 |
Under IRS private-foundation payout rules, 346 Foundation reported a distributable amount of $34K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
346 Foundation is led by Derek B Kim, Director, President, Secretary & Treasurer on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Derek B Kim
Director, President, Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about 346 Foundation
How much does 346 Foundation give each year?
346 Foundation gave $170K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $60K across 6 grants.
What is 346 Foundation's typical grant size?
346 Foundation's median grant in 2025 was $17,500, and its average grant was $21,250, across 8 grants on its 2025 IRS Form 990-PF.
Where does 346 Foundation give grants?
346 Foundation gives mostly in California: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (12%).
Does 346 Foundation give general operating support?
Yes: 75% of 346 Foundation's 2025 grants with a stated purpose (6 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are 346 Foundation's largest grantees?
346 Foundation's largest 2025 grantees include Ideagarden Institute Incorporated ($50,000), Calvary Chapel Palos Verdes ($30,000) and Los Angeles Fire Department Foundation ($25,000), according to its 2025 IRS Form 990-PF. Together they received 62% of its itemized 2025 grant dollars.
How large is 346 Foundation?
346 Foundation reported $639K in total assets on its 2025 IRS Form 990-PF. It paid out $180K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).
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 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2021–2024
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