Cheon Am Scholarship Foundation is a private foundation focused on Education, based in NORTHBROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $60K in total assets. In 2024, it awarded 3 grants totaling $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$60K
-16.1% YoY
Annual Giving
$3K
-70.0% YoY
Grant Count
3
-70.0% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Cheon Am Scholarship Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Cheon Am Scholarship Foundation
Based on IRS filings
Cheon Am Scholarship Foundation is a private foundation focused on Education, based in NORTHBROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $60K in total assets. In 2024, it awarded 3 grants totaling $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $59,958 | $71,429 | $76,631 |
| Revenue | — | — | — |
| Expenses | $3,312 | $10,187 | $59 |
| Qualifying Distributions | $3,000 | $10,000 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $3,356 | $3,572 | $3,494 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sangjin Lee ($1,000), Kyun Ha Ku ($1,000), Shinyoun Park ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SANGJIN LEE ST LOUIS, MO | SCHOLARSHIP | $1,000 |
| KYUN HA KU PROSPECT HEIGHTS, IL | SCHOLARSHIP | $1,000 |
| SHINYOUN PARK PROSPECT HEIGHTS, IL | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOTT LEE | PRESIDENT | — | — |
| JOSEPHINE LEE | TREASURER | — | — |
| SUN IM | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cheon Am Scholarship Foundation?
Cheon Am Scholarship Foundation is a private foundation focused on Education, based in NORTHBROOK, IL. It holds $60K in total assets as of 2024.
How large is Cheon Am Scholarship Foundation?
As of 2024, Cheon Am Scholarship Foundation holds $60K in total assets. It awarded 3 grants totaling $3K in 2024.
Where does Cheon Am Scholarship Foundation operate?
Cheon Am Scholarship Foundation has awarded grants in California, Illinois, Missouri, North Carolina.
What size grants does Cheon Am Scholarship Foundation award?
In 2024, Cheon Am Scholarship Foundation awarded 3 grants totaling $3K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Cheon Am Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cheon Am Scholarship Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cheon Am Scholarship Foundation's EIN?
Cheon Am Scholarship Foundation's EIN (Employer Identification Number) is 20-1689980. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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