Chon Family Foundation Inc is a private foundation focused on Public, Societal Benefit, based in ALPINE, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $864K in total assets. In 2024, it awarded 8 grants totaling $63K. Net investment income was $155K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$864K
+11.7% YoY
Annual Giving
$63K
-2.4% YoY
Grant Count
8
-33.3% YoY
Avg Grant Size
$8K
+46.4% YoY
Under IRS private-foundation payout rules, Chon Family Foundation Inc reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About Chon Family Foundation Inc
Based on IRS filings
Chon Family Foundation Inc is a private foundation focused on Public, Societal Benefit, based in ALPINE, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $864K in total assets. In 2024, it awarded 8 grants totaling $63K. Net investment income was $155K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $863,913 | $773,580 | $769,298 |
| Revenue | $166,930 | $78,499 | $89,625 |
| Expenses | $76,597 | $74,217 | $30,498 |
| Qualifying Distributions | $63,056 | $64,480 | $23,961 |
| Net Investment Income | $155,099 | $69,762 | $83,588 |
| Distributable Amount | $57,851 | $40,461 | $40,152 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chodae Community Church ($20,000), Korean Community Center ($15,000), Ny Nanum Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHODAE COMMUNITY CHURCH NORWOOD, NJ | TO ASSIST PURPOSE OF DONEE ORGANIZAT | $20,000 |
| COMPASSION INTERNATIONAL COLORADO SPRINGS, CO | TO ASSIST PURPOSE OF DONEE ORGANIZAT | $6,450 |
| ENOB LONG ISLAND CITY, NY | TO ASSIST PURPOSE OF DONEE ORGANIZAT | $5,000 |
| GIVE CHANCES NORTHVALE, NJ | TO ASSIST PURPOSE OF DONEE ORGANIZAT | $5,000 |
| KOREAN COMMUNITY CENTER TENAFLY, NJ | TO ASSIST PURPOSE OF DONEE ORGANIZAT | $15,000 |
| NY NANUM FOUNDATION NORTHVALE, NJ | TO ASSIST PURPOSE OF DONEE ORGANIZAT | $10,000 |
| THE UNDERWOOD ORCHESTRA INC ALLENDALE, NJ | TO ASSIST PURPOSE OF DONEE ORGANIZAT | $500 |
| VISION USA WEST ALEXANDRIA, OH | TO ASSIST PURPOSE OF DONEE ORGANIZAT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JASON CHON | OFFICER | 1 | — |
| JULIE PARK-CHON | OFFICER | 1 | — |
| JUSTIN SONG | OFFICER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Chon Family Foundation Inc?
Chon Family Foundation Inc is a private foundation focused on Public, Societal Benefit, based in ALPINE, NJ. It holds $864K in total assets as of 2024.
How large is Chon Family Foundation Inc?
As of 2024, Chon Family Foundation Inc holds $864K in total assets with $167K in annual revenue. It awarded 8 grants totaling $63K in 2024.
Where does Chon Family Foundation Inc operate?
Chon Family Foundation Inc has awarded grants in California, Colorado, New Jersey, New York, Ohio.
What size grants does Chon Family Foundation Inc award?
In 2024, Chon Family Foundation Inc awarded 8 grants totaling $63K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Chon Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Chon Family Foundation Inc reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Chon Family Foundation Inc's EIN?
Chon Family Foundation Inc's EIN (Employer Identification Number) is 35-2462413. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Chon Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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