Asian Research Foundation
Asian Research Foundation is a private foundation, based in Aiea, HI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 2 grants totaling $100K. Net investment income was $7K.
Asian Research Foundation at a glance
In short: Asian Research Foundation gave $100K across 2 grants in 2024 (avg $50K), top state Hawaii. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $100,000
- -1.3% vs 2023
- Grants made (2024)
- 2
- -50.0% vs 2023
- Average grant
- $50,000
- +97.4% vs 2023
- Median grant
- $50,000
- Total assets
- $1,288,564
- -7.2% vs 2023
- Primary geography
- Hawaii (20% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Asian Research Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was International Society for Korean Studies ($80K). Together the top 2 received $100K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 7 grants of 13 (54%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Asian Research Foundation gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 136% 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 2020 to 2024, annual grant giving ranged from $70K (2020) to $165K (2022). In 2024 it made 2 grants totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| International Society for Korean Studies | To support conference and planning activities for this organization which promotes academic dialogue across northeast asia and particularly in korea | $80,000 |
| Center for Korean Studies Honolulu, HI | To Support a Conference in Korea | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,288,564 | $72,795 | $172,994 | $100,000 | 2 | $101,963 | $7,177 | $74,947 |
| 2023 | $1,388,763 | $40,648 | $174,605 | $101,309 | 4 | $107,766 | — | $98,198 |
| 2022 | $1,522,720 | $44,675 | $234,311 | $165,000 | 4 | $169,139 | — | $91,778 |
| 2021 | $1,712,896 | $83,204 | $167,332 | $100,000 | 2 | $103,732 | $20,905 | $104,248 |
| 2020 | $1,797,016 | $93,037 | $149,765 | $70,000 | 1 | — | $25,250 | $104,715 |
Under IRS private-foundation payout rules, Asian Research Foundation reported a distributable amount of $75K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Asian Research Foundation is led by Namsun Song, President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Namsun Song
President
On filings since 2020
3 hrs/week
No compensation reported
Edward Shultz
Vice President & Director
On filings since 2020
3 hrs/week
No compensation reported
Haemi Kwon
Director
On filings since 2020
2 hrs/week
No compensation reported
Tae-Ung Baik
Treasurer & Director
On filings since 2020
2 hrs/week
No compensation reported
Jongsoo Yoon
Director
On filings since 2023
2 hrs/week
No compensation reported
Sang Hyop Lee
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Former officers (1)
- Former: Hyunae Oh (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Asian Research Foundation
How much does Asian Research Foundation give each year?
Asian Research Foundation gave $100K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $101K across 4 grants.
How large is Asian Research Foundation?
Asian Research Foundation reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $75K (roughly 5% of its investment assets).
Where does Asian Research Foundation operate?
Asian Research Foundation has awarded grants in Hawaii, Michigan.
What is Asian Research Foundation's EIN?
Asian Research Foundation's EIN (Employer Identification Number) is 99-0266031. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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