Bisco Charitable Foundation
Bisco Charitable Foundation is a private foundation based in Schaumburg, Illinois. In 2024, it reported 27 grants totaling $658,000 to organizations including cultural, religious, charitable, health, and arts organizations.
Bisco Charitable Foundation at a glance
In short: Bisco Charitable Foundation gave $658K across 27 grants in 2024 (avg $24K), mostly in Illinois. 26% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $658,000
- +19.3% vs 2023
- Grants made (2024)
- 27
- +3.8% vs 2023
- Average grant
- $24,370
- +14.9% vs 2023
- Median grant
- $10,000
- Total assets
- $11,911,638
- +17.2% vs 2023
- New grantees (estimate)
- 26% first-time grantees (7 of 27, 2024)
- Primary geography
- Illinois (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Bisco Charitable Foundation
- How to Apply
-
Contact Minsook Suh. There is no standard application form; a letter requesting a contribution is sufficient. Eligible organizations must be religious, charitable, scientific, literary, or educational as defined under IRC Sections 501(c)(3) and 170(c)(2).
- Contact
Application contact: Minsook Suh
Mailing address: 1100 West Irving Park Road, Schaumburg, IL 60193
Phone: (847) 534-6046
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Bisco Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Tsurumi University School of Denistry ($250K). Together the top 10 received $577K.
Grant Size Distribution
119 grants across all recorded years
The most common grant size was under $50K: 108 grants of 119 (91%).
Geographic Focus
Where this funder awards grants
In 2024, the reported share of grant dollars by recipient state was Illinois, 51%; an unspecified “?” category, 38%; New York, 5%; Georgia, 3%; and the District of Columbia, 2%. Listed recipients also included Mayo Clinic in Minnesota.
Grant Distribution by State
Share of 2024 grant dollars across all 27 itemized grants.
Cities
Is Bisco Charitable Foundation open to new grantees?
26%
first-time grantees, 2024
In 2024, 7 of 27 grantees (26%) were first-time recipients. First grants averaged $40K; repeat grants $19K. How we count
Medians: $2K first-time, $10K repeat.
- 70% of 2024 grantees were also funded in 2023. Method
- Giving grew 64% from 2021 to 2024. Method
- In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $335K (2019) to $658K (2024). In 2024 it made 27 grants totaling $658K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tsurumi University School of Denistry | General Fund | $250,000 |
| Korean Cultural Center of Chicago Wheeling, IL | General Fund | $200,000 |
| Korean-American Association of Chicago Glenview, IL | General Fund | $25,000 |
| Da-IL Community of USA Duluth, GA | General Fund | $20,000 |
| First Korean United Methodist Church Wheeling, IL | General Fund | $20,000 |
| Severance Alumni Association Roslyn, NY | General Fund | $20,000 |
| Comprehensive Korean Self Help Community Center Chicago, IL | General Fund | $12,000 |
| American Red Cross Washington, DC | General Fund | $10,000 |
| Chicago Symphony Orchestra Chicago, IL | General Fund | $10,000 |
| Lyric Opera of Chicago Chicago, IL | General Fund | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $11,911,638 | $3,477,698 | $783,698 | $658,000 | 27 | $666,200 | $2,042,949 | $603,356 |
| 2023 | $10,165,623 | $1,663,481 | $678,954 | $551,500 | 26 | $562,500 | $318,126 | $503,451 |
| 2022 | $10,027,385 | $2,403,588 | $730,765 | $594,500 | 25 | $603,615 | $1,001,300 | $452,270 |
| 2021 | $9,185,994 | $2,680,057 | $503,068 | $401,500 | 24 | $401,834 | $1,384,712 | $459,289 |
| 2020 | $6,877,754 | $1,035,218 | $436,256 | $336,500 | 17 | — | $57,062 | $353,443 |
| 2019 | $7,216,741 | $540,836 | $467,936 | $335,000 | 15 | — | $237,543 | $355,201 |
Under IRS private-foundation payout rules, Bisco Charitable Foundation reported a distributable amount of $603K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its 2024 grants show support for organizations with varied purposes. For example, the Korean Cultural Center of Chicago describes its mission as preserving and developing Korean immigrant history and cultural legacies, educating people about Korean culture, and fostering cooperation among Korean Americans and their organizations. Severance Alumni Association says it awards scholarships to medical students and organizes seminars and conferences for members.
Other 2024 recipients describe work in areas including community and orphanage support (DAIL Community of USA), health care and research (Mayo Clinic), opera and cultural service (Lyric Opera of Chicago), music and education (Chicago Symphony Orchestra Association), advocacy for people age 50 and older (AARP), and access to food (Northern Illinois Food Bank).
Grantmaking
In 2024, the foundation made 27 grants totaling $658,000. Grant amounts ranged from $2,000 to $250,000, with a median of $10,000. The largest listed grants were $250,000 to Tsurumi University School of Denistry and $200,000 to the Korean Cultural Center of Chicago. Other listed grants included $25,000 to the Korean-American Association of Chicago; $20,000 each to DA-IL Community of USA, First Korean United Methodist Church, and Severance Alumni Association; and $12,000 to Comprehensive Korean Self Help Community Center.
The foundation also gave $10,000 each to the American Red Cross, Chicago Symphony Orchestra, Lyric Opera of Chicago, and Mayo Clinic, and to the Rotary Club of Chicagoland Korean-Northbrook Charitable Foundation. AARP and Northern Illinois Food Bank each received $2,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Minsook Suh, Julienne Suh, and Colleen Suh as directors.
Bisco Charitable Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Colleen Suh
Director
On filings since 2019
2 hrs/week
No compensation reported
Julienne Suh
Director
On filings since 2019
1 hr/week
No compensation reported
Minsook Suh
Director
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Bisco Charitable Foundation
How much does Bisco Charitable Foundation give each year?
Bisco Charitable Foundation gave $658K across 27 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $552K across 26 grants.
What is Bisco Charitable Foundation's typical grant size?
Bisco Charitable Foundation's median grant in 2024 was $10,000, and its average grant was $24,370, across 27 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Bisco Charitable Foundation that year got $40K on average.
Where does Bisco Charitable Foundation give grants?
Bisco Charitable Foundation gives mostly in Illinois: 51% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (8 grants), Wheeling, IL (3 grants), Glenview, IL (2 grants) and Washington, DC (2 grants).
Does Bisco Charitable Foundation give general operating support?
Yes: 100% of Bisco Charitable Foundation's 2024 grants with a stated purpose (27 of 27) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Bisco Charitable Foundation's largest grantees?
Bisco Charitable Foundation's largest 2024 grantees include Tsurumi University School of Denistry ($250,000), Korean Cultural Center of Chicago ($200,000) and Korean-American Association of Chicago ($25,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is Bisco Charitable Foundation?
Bisco Charitable Foundation reported $11.9M in total assets on its 2024 IRS Form 990-PF. It paid out $666K in qualifying distributions that year, against a required minimum of $603K (roughly 5% of its investment assets).
What does Bisco Charitable Foundation fund?
No foundation mission statement is provided. Its 2024 grants show support for organizations with varied purposes. See mission & focus areas ↑
How do I apply for a grant from Bisco Charitable Foundation?
Contact Minsook Suh. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Bisco Charitable Foundation's EIN?
Bisco Charitable Foundation's EIN (Employer Identification Number) is 36-4198175. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS September 1, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2019–2024
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Cite this profile
Grantable. (2026). Bisco Charitable Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/bisco-charitable-foundation-morg_da43cfa983514326938be251de22489a
BibTeX
@misc{grantable_364198175_2026,
author = {{Grantable}},
title = {{Bisco Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/bisco-charitable-foundation-morg_da43cfa983514326938be251de22489a},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Bisco Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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