Han Bit Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANDY SPRINGS, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 5 grants totaling $90K. Net investment income was $218K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+6.9% YoY
Annual Giving
$90K
-38.8% YoY
Grant Count
5
-50.0% YoY
Avg Grant Size
$18K
+22.4% YoY
Under IRS private-foundation payout rules, Han Bit Foundation Inc reported a distributable amount of $95K for 2024 — the minimum it must pay out in qualifying distributions.
About Han Bit Foundation Inc
Based on IRS filings
Han Bit Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANDY SPRINGS, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 5 grants totaling $90K. Net investment income was $218K.
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 | $1,987,917 | $1,859,692 | $2,003,196 |
| Revenue | $225,564 | $26,283 | $17,407 |
| Expenses | $97,339 | $166,623 | $118,531 |
| Qualifying Distributions | $90,000 | $147,000 | $105,000 |
| Net Investment Income | $218,320 | $6,638 | $6,501 |
| Distributable Amount | $95,173 | $86,270 | $92,781 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Daniel Prayer Service ($53,000), Korean American Grassroots Conferen ($15,000), Kasf ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KASF SUWANEE, GA | GENERAL | $10,000 |
| KOREAN AMERICAN GRASSROOTS CONFEREN WASHINGTON, DC | GENERAL | $15,000 |
| DANIEL PRAYER SERVICE MILTON, GA | GENERAL | $53,000 |
| KCPC DULUTH, GA | GENERAL | $10,000 |
| KACMA NORCROSS, GA | GENERAL | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID EUN | CFO | — | — |
| STELLA EUN | CEO | — | — |
| ANDREW PARK | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Han Bit Foundation Inc?
Han Bit Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANDY SPRINGS, GA. It holds $2.0M in total assets as of 2024.
How large is Han Bit Foundation Inc?
As of 2024, Han Bit Foundation Inc holds $2.0M in total assets with $226K in annual revenue. It awarded 5 grants totaling $90K in 2024.
Where does Han Bit Foundation Inc operate?
Han Bit Foundation Inc has awarded grants in District of Columbia, Georgia, Virginia.
What size grants does Han Bit Foundation Inc award?
In 2024, Han Bit Foundation Inc awarded 5 grants totaling $90K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Han Bit Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Han Bit Foundation Inc reported a distributable amount of $95K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Han Bit Foundation Inc's EIN?
Han Bit Foundation Inc's EIN (Employer Identification Number) is 85-3922335. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Han Bit 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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