Anchor 39 Foundation

MEMPHIS, TN EIN: 82-5285229

International, Foreign Affairs & National Security

Anchor 39 Foundation is a private foundation focused on International, Foreign Affairs & National Security, based in MEMPHIS, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.8M in total assets. In 2024, it awarded 5 grants totaling $61K. Net investment income was $3.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.8M

+78.0% YoY

Annual Giving

$61K

+52.5% YoY

Grant Count

+400.0% YoY

Avg Grant Size

$12K

-69.5% YoY

Under IRS private-foundation payout rules, Anchor 39 Foundation reported a distributable amount of $237K for 2024 — the minimum it must pay out in qualifying distributions.

About Anchor 39 Foundation

Based on IRS filings

Focus Areas

International, Foreign Affairs & National Security

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $150K (85%)

North Carolina $10K (6%)

Florida $10K (5%)

Arizona $3K (2%)

Illinois $3K (2%)

States

Arizona Florida Illinois North Carolina New Jersey

Cities

BooneBradentonGridleyOrlandoPalatinePatersonPhoenixTallahassee

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,791,994	$4,940,687	$2,641,450
Revenue	$3,981,546	$2,468,243	$1,556,465
Expenses	$130,239	$169,005	$52,551
Qualifying Distributions	$97,429	$147,812	$49,883
Net Investment Income	$3,945,117	$2,360,430	$1,524,672
Distributable Amount	$237,295	$130,392	$146,755

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mustard Seed Church ($50,000), Samaritan's Purse ($5,000), Frontiers ($3,000).

Recipient	Purpose	Amount
FLORIDA DISASTER FUND TALLAHASSEE, FL	GENERAL CHARITABLE PURPOSES	$2,000
FRONTIERS PHOENIX, AZ	GENERAL CHARITABLE PURPOSES	$3,000
MUSTARD SEED CHURCH PATERSON, NJ	GENERAL CHARITABLE PURPOSES	$50,000
SAMARITAN'S PURSE BOONE, NC	GENERAL CHARITABLE PURPOSES	$5,000
SOLVE MATERNITY HOMES BRADENTON, FL	GENERAL CHARITABLE PURPOSES	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
STEPHEN KIM	SECRETARYDIRECTOR	5	—
MICHELLE KIM	DIRECTOR	5	—
ELIJAH KIM	PRESTREASDIRECTOR	5	—

Subject Areas

Focus areas based on grantmaking activity

International, Foreign Affairs & National Security

Frequently Asked Questions

What is Anchor 39 Foundation?

Anchor 39 Foundation is a private foundation focused on International, Foreign Affairs & National Security, based in MEMPHIS, TN. It holds $8.8M in total assets as of 2024.

How large is Anchor 39 Foundation?

As of 2024, Anchor 39 Foundation holds $8.8M in total assets with $4.0M in annual revenue. It awarded 5 grants totaling $61K in 2024.

Where does Anchor 39 Foundation operate?

Anchor 39 Foundation has awarded grants in Arizona, Florida, Illinois, North Carolina, New Jersey.

What size grants does Anchor 39 Foundation award?

In 2024, Anchor 39 Foundation awarded 5 grants totaling $61K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Anchor 39 Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Anchor 39 Foundation reported a distributable amount of $237K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.