Dream Blue Foundation
Dream Blue Foundation is a private foundation, based in Richardson, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $600K in total assets. In 2024, it awarded 8 grants totaling $824K.
Dream Blue Foundation at a glance
In short: Dream Blue Foundation gave $824K across 8 grants in 2024 (avg $103K), top state New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $824,318
- +31.7% vs 2023
- Grants made (2024)
- 8
- +0.0% vs 2023
- Average grant
- $103,040
- +31.7% vs 2023
- Median grant
- $120,000
- Total assets
- $599,682
- -32.7% vs 2023
- Primary geography
- New York (15% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Dream Blue Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Jakarta Yayasan Duranno Indonesia ($170K). Together the top 8 received $824K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was in the $100–250K range: 16 grants of 36 (44%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Dream Blue Foundation gives
- Giving grew 42% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2019 to 2024, annual grant giving ranged from $463K (2020) to $824K (2024). In 2024 it made 8 grants totaling $824K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jakarta Yayasan Duranno Indonesia | Donation for College Building Construction | $170,000 |
| Iacd | To Fund Refugee School Construction | $140,000 |
| The Love Pakistan Trust | To Purchase Hospital Equipment and Operations | $130,000 |
| Forefront Charity New York, NY | To Fund the Charitable Purposes of the Foundation | $120,000 |
| Netivyah Bible Instruction Ministry | To Fund the Charitable Purposes of the Foundation | $120,000 |
| Ignis Community Dallas, TX | To assist the organization in purchasing equipment for its pysrc mission and to aide the organization in its mission to provide adequate treatment to patients and to train doctors in non-surgical spine treatment and pediatric rehabilitation best practices. | $64,318 |
| International Training & Development Center | To Fund the Charitable Purposes of the Foundation | $50,000 |
| Grad Resources Plano, TX | To Fund the Charitable Purposes of the Foundation | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $599,682 | $533,665 | $824,518 | $824,318 | 8 | $824,518 | $33,362 |
| 2023 | $890,535 | $474,600 | $626,123 | $625,768 | 8 | $626,123 | $39,110 |
| 2022 | $1,042,058 | $1,064,776 | $772,148 | $771,408 | 8 | $772,148 | $22,067 |
| 2021 | $749,430 | $939,434 | $579,724 | $579,150 | 6 | $579,724 | $23,391 |
| 2020 | $389,720 | $682,200 | $463,618 | $463,000 | 6 | — | $12,381 |
| 2019 | $171,138 | $672,800 | $543,760 | $543,200 | 6 | — | $5,081 |
Under IRS private-foundation payout rules, Dream Blue Foundation reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dream Blue Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sang Hun Lee
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Seungah Sarah Lee
Director
On filings since 2021
0.1 hrs/week
No compensation reported
Seungeun Susan Lee
Director
On filings since 2021
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Eric Rhee (2019–2020) — Director
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 Dream Blue Foundation
How much does Dream Blue Foundation give each year?
Dream Blue Foundation gave $824K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $626K across 8 grants.
What is Dream Blue Foundation's typical grant size?
Dream Blue Foundation's median grant in 2024 was $120,000, and its average grant was $103,040, across 8 grants on its 2024 IRS Form 990-PF.
Where does Dream Blue Foundation give grants?
Dream Blue Foundation's top state is New York, with 15% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was Texas (11%).
Who are Dream Blue Foundation's largest grantees?
Dream Blue Foundation's largest 2024 grantees include Jakarta Yayasan Duranno Indonesia ($170,000), Iacd ($140,000) and The Love Pakistan Trust ($130,000), according to its 2024 IRS Form 990-PF. Together they received 53% of its itemized 2024 grant dollars.
How large is Dream Blue Foundation?
Dream Blue Foundation reported $600K in total assets on its 2024 IRS Form 990-PF. It paid out $825K in qualifying distributions that year, against a required minimum of $33K (roughly 5% of its investment assets).
What is Dream Blue Foundation's EIN?
Dream Blue Foundation's EIN (Employer Identification Number) is 46-0699437. 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.
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 August 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 25, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2019–2024
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