Cheon Am Scholarship Foundation
Cheon Am Scholarship Foundation is a private foundation focused on Education, based in Northbrook, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $56K in total assets. In 2025, it awarded 4 grants totaling $4K.
Key facts about Cheon Am Scholarship Foundation
In short: Cheon Am Scholarship Foundation gave $4K across 4 grants in 2025 (avg $1K), mostly in California. Source: 2025 IRS Form 990-PF.
- EIN
- 20-1689980
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $4,000
- Grants made (2025)
- 4
- Average grant
- $1,000
- Median grant
- $1,000
- Total assets
- $56,143
- Primary geography
- California (50% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$56K
-6.4% YoY
Annual Giving
$4K
+33.3% YoY
Grant Count
4
+33.3% 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 2025 — the minimum it must pay out in qualifying distributions.
How Cheon Am Scholarship Foundation gives
- In 2025 it paid out 135% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1K (2020) to $10K (2023). In 2025 it made 4 grants totaling $4K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Sangjin Lee ($1K). Together the top 4 received $4K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sangjin Lee St. Louis, MO | Scholarship | $1,000 |
| Shinyoun Park Prospect Heights, IL | Scholarship | $1,000 |
| Kwang Yong Um Los Angeles, CA | Scholarship | $1,000 |
| HEE Sook Sung Los Angeles, CA | Scholarship | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $56,143 | $59,958 | $71,429 |
| Revenue | $1,210 | — | — |
| Expenses | $4,025 | $3,312 | $10,187 |
| Qualifying Distributions | $4,000 | $3,000 | $10,000 |
| Distributable Amount | $2,963 | $3,356 | $3,572 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 16, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
Leadership & Key People
Officers and directors from IRS filings
Cheon Am Scholarship Foundation is led by Scott Lee, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Scott Lee
President
On filings since 2019
No compensation reported
Josephine Lee
Treasurer
V-President → Treasurer, 2023
On filings since 2019
No compensation reported
Sun Im
Secretary
Treasurer → Secretary, 2023
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Cheon Am Scholarship Foundation
How much does Cheon Am Scholarship Foundation give each year?
Cheon Am Scholarship Foundation gave $4K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 3 grants.
What is Cheon Am Scholarship Foundation's typical grant size?
Cheon Am Scholarship Foundation's median grant in 2025 was $1,000, and its average grant was $1,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does Cheon Am Scholarship Foundation give grants?
Cheon Am Scholarship Foundation gives mostly in California: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Missouri (25%) and Illinois (25%). The most frequent recipient cities were Los Angeles, CA (2 grants).
Does Cheon Am Scholarship Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Cheon Am Scholarship Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).
How large is Cheon Am Scholarship Foundation?
Cheon Am Scholarship Foundation reported $56K in total assets on its 2025 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is Cheon Am Scholarship Foundation?
Cheon Am Scholarship Foundation is a private foundation focused on Education, based in Northbrook, IL. It holds $56K in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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