Gen122 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 11 grants totaling $128K. Net investment income was $398K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+10.5% YoY
Annual Giving
$128K
+79.4% YoY
Grant Count
11
+37.5% YoY
Avg Grant Size
$12K
+30.5% YoY
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.
About Gen122 Foundation Inc
Based on IRS filings
Gen122 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 11 grants totaling $128K. Net investment income was $398K.
Focus Areas
Ready to take the next step with Gen122 Foundation Inc?
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 | $2,596,984 | $2,350,952 | $2,408,930 |
| Revenue | $398,965 | $40,401 | $33,481 |
| Expenses | $152,933 | $98,379 | $98,012 |
| Qualifying Distributions | $127,500 | $71,051 | $78,000 |
| Net Investment Income | $398,168 | $43,808 | $33,533 |
| Distributable Amount | $149,918 | $134,841 | $131,153 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Korean Charitable Society ($30,000), Storefront Church ($30,000), Redeemer University Fellowship ($16,500).
| Recipient | Purpose | Amount |
|---|---|---|
| COMPASSION INTERNATONAL COLORADO SPRINGS, CO | GENERAL FUND | $2,236 |
| HARVARD UNIVERSITY CAMBRIDGE, MA | GENERAL FUND | $6,000 |
| HOPE FOR NEW YORK NEW YORK, NY | GENERAL FUND | $10,000 |
| KOREAN CHARITABLE SOCIETY NEW YORK, NY | GENERAL FUND | $30,000 |
| LIBERTY IN NORTH KOREA LONG BEACH, CA | GENERAL FUND | $3,807 |
| RADICAL INC BIRMINGHAM, AL | SUPPORT FOR THE CHURCH | $3,957 |
| REDEEMER PRESBYTERIAN DOWNTOWN CHURCH NEW YORK, NY | SUPPORT FOR THE CHURCH | $10,000 |
| REDEEMER UNIVERSITY FELLOWSHIP | COUNSELING SERVICES | $16,500 |
| RESTORE NYC NEW YORK, NY | GENERAL FUND | $5,000 |
| STOREFRONT CHURCH NEW YORK, NY | GENERAL FUND | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHERINA PARK | PRESIDENT | 1 | — |
| KYUN PARK | TREASURER | 1 | — |
| PHILIP KIM | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gen122 Foundation Inc?
Gen122 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $2.6M in total assets as of 2024.
How large is Gen122 Foundation Inc?
As of 2024, Gen122 Foundation Inc holds $2.6M in total assets with $399K in annual revenue. It awarded 11 grants totaling $128K in 2024.
Where does Gen122 Foundation Inc operate?
Gen122 Foundation Inc has awarded grants in Alabama, California, Colorado, Florida, Massachusetts, North Carolina, New York.
What size grants does Gen122 Foundation Inc award?
In 2024, Gen122 Foundation Inc awarded 11 grants totaling $128K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Gen122 Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gen122 Foundation Inc reported a distributable amount of $150K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Gen122 Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Gen122 Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Gen122 Foundation Inc to a real strategy.