Eugene and Carol Choi Family Foundation

IRVINE, CA EIN: 26-3833324

Eugene and Carol Choi Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IRVINE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $795K in total assets. In 2024, it awarded 9 grants totaling $297K. Net investment income was $100K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$795K

-20.4% YoY

Annual Giving

$297K

-2.4% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$33K

-34.9% YoY

Under IRS private-foundation payout rules, Eugene and Carol Choi Family Foundation reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.

About Eugene and Carol Choi Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $978K (75%)

District of Columbia $324K (25%)

Illinois $450 (0%)

States

California District of Columbia Illinois

Cities

ChicagoCosta MesaCypressIrvineLos AngelesWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$794,609	$998,109	$944,975
Revenue	$103,808	$360,360	$74,299
Expenses	$302,308	$312,226	$372,526
Qualifying Distributions	$298,816	$307,650	$370,228
Net Investment Income	$100,416	$56,351	$73,874
Distributable Amount	$49,207	$44,053	$55,047

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

37 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Council of Korean American ($85,000), Uci Foundation ($77,975), Armonia Music Group ($61,000).

Recipient	Purpose	Amount
ARMONIA MUSIC GROUP CYPRESS, CA	SUPPORT THE MISSION OF THE ORGANIZATION - TO ENSURE A FAIR AND TRANSPARENT COMPENSATION FOR AUTHORS IN THE ONLINE MUSIC INDUSTRY THROUGH EXTENSIVE MUSIC LICENSING EXPERTISE AND INNOVATIVE TECHNOLOGY.	$61,000
ASIAN PACIFIC COMMUNITY FUND LOS ANGELES, CA	SUPPORT THE MISSION OF THE ORGANIZATION - TO TRANSFORMS LIVES AND MEETS THE DIVERSE NEEDS OF ASIAN AND PACIFIC ISLANDERS (APIS) THROUGHOUT LOS ANGELES COUNTY AND BEYOND.	$10,410
COUNCIL OF KOREAN AMERICAN WASHINGTON, DC	SUPPORT THE MISSION OF THE ORGANIZATION - TO ADVANCE THE NATIONAL VOICE AND INFLUENCE OF THE KOREAN AMERICAN COMMUNITY THROUGH COLLABORATION AND LEADERSHIP DEVELOPMENT.	$85,000
IRVINE BARCLAY THEATER IRVINE, CA	SUPPORT THE MISSION OF THE ORGANIZATION - TO BROADEN THE SCOPE, AVAILABILITY AND APPRECIATION OF THE ARTS IN ORANGE COUNTY BY BEING A LEADING CULTURAL PRESENTER OF DIVERSE AND EXCEPTIONAL ARTISTS, AND BY PROVIDING A STATE-OF-THE-ART VENUE FOR COMMUNITY CULTURAL ORGANIZATIONS AND UNIVERSITY PROGRAMS.	$21,000
PACIFIC SYMPHONY IRVINE, CA	SUPPORT THE MISSION OF THE ORGANIZATION - INSPIRES, ENGAGES AND SERVES ORANGE COUNTY AND THE REGION THROUGH EXCEPTIONAL MUSIC PERFORMANCES, AND EDUCATION AND COMMUNITY PROGRAMMING.	$36,395
UCI FOUNDATION IRVINE, CA	SUPPORT THE MISSION OF THE ORGANIZATION - TO RAISE AND MANAGE PRIVATE FUNDS TO SUPPORT UCI'S BROADER MISSION OF EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE.	$77,975
SECOND HARVEST FOOD BANK IRVINE, CA	SUPPORT THE MISSION OF THE ORGANIZATION - TO ENVISION AN ORANGE COUNTY WITH FOOD AND NUTRITIONAL SECURITY FOR ALL.	$2,500
EDUCATE TO EMPOWER COSTA MESA, CA	SUPPORT THE MISSION OF THE ORGANIZATION - TO EQUIP EDUCATORS WITH LIBERATORY RESOURCES, COMMUNITY-ROOTED LEARNING, AND ADVOCACY TOOLS SO THEY CAN CENTER HISTORICALLY EXCLUDED VOICES, CHALLENGE INJUSTICE, AND CULTIVATE SPACES OF BELONGING, JOY, AND TRANSFORMATION.	$1,411
PHILHARMONIC SOCIETY IRVINE, CA	SUPPORT THE MISSION OF THE ORGANIZATION - TO CONTINUE ITS VISION OF PRESENTING ORANGE COUNTY AUDIENCES WITH THE WORLD'S MOST ACCLAIMED SYMPHONY ORCHESTRAS, CHAMBER ENSEMBLES AND SOLOISTS, WHILE PROVIDING AN EXTENSIVE ARRAY OF FREE MUSIC EDUCATION PROGRAMS TO STUDENTS THROUGHOUT ORANGE COUNTY.	$1,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
EUGENE CHOI	PRESIDENT	1	—
CAROL CHOI	SECRETARY	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Eugene and Carol Choi Family Foundation?

Eugene and Carol Choi Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IRVINE, CA. It holds $795K in total assets as of 2024.

How large is Eugene and Carol Choi Family Foundation?

As of 2024, Eugene and Carol Choi Family Foundation holds $795K in total assets with $104K in annual revenue. It awarded 9 grants totaling $297K in 2024.

Where does Eugene and Carol Choi Family Foundation operate?

Eugene and Carol Choi Family Foundation has awarded grants in California, District of Columbia, Illinois.

What size grants does Eugene and Carol Choi Family Foundation award?

In 2024, Eugene and Carol Choi Family Foundation awarded 9 grants totaling $297K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Eugene and Carol Choi Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Eugene and Carol Choi Family Foundation reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Eugene and Carol Choi Family Foundation's EIN?

Eugene and Carol Choi Family Foundation's EIN (Employer Identification Number) is 26-3833324. IRS Form 990 filing data is available on this page for 2020–2024.