GEN122 Foundation Inc
GEN122 Foundation Inc is a private foundation based in New York, New York. Its 2024 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
GEN122 Foundation Inc at a glance
In short: GEN122 Foundation Inc gave $128K across 11 grants in 2024 (avg $12K), mostly in New York. 36% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $127,500
- +79.4% vs 2023
- Grants made (2024)
- 11
- +37.5% vs 2023
- Average grant
- $11,591
- +30.5% vs 2023
- Median grant
- $10,000
- Total assets
- $2,596,984
- +10.5% vs 2023
- New grantees (estimate)
- 36% first-time grantees (4 of 11, 2024; small sample)
- Primary geography
- New York (75% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to GEN122 Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 17 East 16Th Street Apartment 4, New York, NY 10003
Phone: (971) 751-5527
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who GEN122 Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Korean Charitable Society ($30K). Together the top 10 received $125K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 75% of grant dollars went to recipients in New York. The filing lists 13% under “?” and reports 5% for Massachusetts, 3% for Alabama, and 3% for California.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Is GEN122 Foundation Inc open to new grantees?
36%
first-time grantees, 2024
In 2024, 4 of 11 grantees (36%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $11K; repeat grants $12K. How we count
Medians: $5K first-time, $10K repeat.
- 55% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $71K (2023) to $128K (2024). In 2024 it made 11 grants totaling $128K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Korean Charitable Society New York, NY | General Fund | $30,000 |
| Storefront Church New York, NY | General Fund | $30,000 |
| Redeemer University Fellowship | Counseling Services | $16,500 |
| Hope for New York New York, NY | General Fund | $10,000 |
| Redeemer Presbyterian Downtown Church New York, NY | Support for the Church | $10,000 |
| United Nations International School New York, NY | Education | $10,000 |
| Harvard University Cambridge, MA | General Fund | $6,000 |
| Restore NYC New York, NY | General Fund | $5,000 |
| Radical Inc Birmingham, AL | Support for the Church | $3,957 |
| Liberty in North Korea Long Beach, CA | General Fund | $3,807 |
Ready to take the next step with GEN122 Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,596,984 | $398,965 | $152,933 | $127,500 | 11 | $127,500 | $398,168 | $149,918 |
| 2023 | $2,350,952 | $40,401 | $98,379 | $71,051 | 8 | $71,051 | $43,808 | $134,841 |
| 2022 | $2,408,930 | $33,481 | $98,012 | $78,000 | 6 | $78,000 | $33,533 | $131,153 |
| 2021 | $3,003,030 | $3,023,655 | $20,625 | — | — | — | — | $10,489 |
Under IRS private-foundation payout rules, GEN122 Foundation Inc reported a distributable amount of $150K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for churches and charitable organizations, as well as education and counseling services. Among the grantees, United Nations International School describes its mission as providing inclusive, diverse international education to help students shape a better world. Hope for New York says it supports organizations serving poor and marginalized communities in New York City through volunteers, grants, and capacity building. Restore NYC describes providing long-term aftercare for survivors of sex trafficking in New York City, including counseling, case management, housing, and economic empowerment. Radical Inc says it serves churches and Christians working to accomplish the Great Commission.
Grantmaking
In 2024, the foundation reported 11 grants totaling $127,500. Grant amounts ranged from $2,236 to $30,000, with a median grant of $10,000. The largest grants were $30,000 each to Korean Charitable Society and Storefront Church; $16,500 to Redeemer University Fellowship for counseling services; and $10,000 each to Hope for New York, Redeemer Presbyterian Downtown Church, and United Nations International School.
Other reported 2024 grants included $6,000 to Harvard University, $5,000 to Restore NYC, $3,957 to Radical Inc, $3,807 to Liberty in North Korea, and $2,236 to Compassion International.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Catherina Park as president, Kyun Park as treasurer, and Philip Kim as secretary.
GEN122 Foundation Inc is led by Catherina Park, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Catherina Park
President
On filings since 2021
1 hr/week
No compensation reported
Kyun Park
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Philip Kim
Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 GEN122 Foundation Inc
How much does GEN122 Foundation Inc give each year?
GEN122 Foundation Inc gave $128K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $71K across 8 grants.
What is GEN122 Foundation Inc's typical grant size?
GEN122 Foundation Inc's median grant in 2024 was $10,000, and its average grant was $11,591, across 11 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from GEN122 Foundation Inc that year got $11K on average.
Where does GEN122 Foundation Inc give grants?
GEN122 Foundation Inc gives mostly in New York: 75% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (6 grants).
Does GEN122 Foundation Inc give general operating support?
Yes: 64% of GEN122 Foundation Inc's 2024 grants with a stated purpose (7 of 11) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are GEN122 Foundation Inc's largest grantees?
GEN122 Foundation Inc's largest 2024 grantees include Korean Charitable Society ($30,000), Storefront Church ($30,000) and Redeemer University Fellowship ($16,500), according to its 2024 IRS Form 990-PF. Together they received 60% of its itemized 2024 grant dollars.
How large is GEN122 Foundation Inc?
GEN122 Foundation Inc reported $2.6M in total assets on its 2024 IRS Form 990-PF. It paid out $128K in qualifying distributions that year, against a required minimum of $150K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does GEN122 Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants included support for churches and charitable organizations, as well as education and counseling services. See mission & focus areas ↑
How do I apply for a grant from GEN122 Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is GEN122 Foundation Inc's EIN?
GEN122 Foundation Inc's EIN (Employer Identification Number) is 87-3930791. IRS Form 990 filing data is available on this page for 2021–2024.
Does GEN122 Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Cite this profile
Grantable. (2026). GEN122 Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/gen122-foundation-inc-morg_a04cecb06b5c4d0598272e41b1ac559b
BibTeX
@misc{grantable_873930791_2026,
author = {{Grantable}},
title = {{GEN122 Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/gen122-foundation-inc-morg_a04cecb06b5c4d0598272e41b1ac559b},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from GEN122 Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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