Il Sung and Ock Ja Won Family Foundation
Il Sung and Ock Ja Won Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $102K in total assets.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$102K
+1552.6% YoY
Revenue
$100K
Net Investment Income
—
Expenses
$4K
+337.2% YoY
Under IRS private-foundation payout rules, Il Sung and Ock Ja Won Family Foundation reported a distributable amount of $420 for 2024 — the minimum it must pay out in qualifying distributions.
About Il Sung and Ock Ja Won Family Foundation
Based on IRS filings
Il Sung and Ock Ja Won Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $102K in total assets.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $102,211 | $6,185 | $7,094 |
| Revenue | $100,000 | — | — |
| Expenses | $3,974 | $909 | $1,099 |
| Qualifying Distributions | — | $500 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $420 | $330 | $363 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OCK JA WON | SECRETARY & TREASURER | 1 | — |
| IL SUNG WON | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Il Sung and Ock Ja Won Family Foundation?
Il Sung and Ock Ja Won Family Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. It holds $102K in total assets as of 2024.
How large is Il Sung and Ock Ja Won Family Foundation?
As of 2024, Il Sung and Ock Ja Won Family Foundation holds $102K in total assets with $100K in annual revenue.
Where does Il Sung and Ock Ja Won Family Foundation operate?
Il Sung and Ock Ja Won Family Foundation has awarded grants in California, Illinois.
How much is Il Sung and Ock Ja Won Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Il Sung and Ock Ja Won Family Foundation reported a distributable amount of $420 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Il Sung and Ock Ja Won Family Foundation's EIN?
Il Sung and Ock Ja Won Family Foundation's EIN (Employer Identification Number) is 20-5756644. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.