The Kahng Foundation is a private grantmaking foundation established in 1997 and based in Austin, Texas. As a 501(c)(3) organization, it operates as a family foundation focused on supporting nonprofit initiatives across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
+8.2% YoY
Annual Giving
$1.8M
+3.4% YoY
Grant Count
24
-7.7% YoY
Avg Grant Size
$77K
+12.1% YoY
Under IRS private-foundation payout rules, Kahng Foundation reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports projects in the areas of:
- Arts & culture
- Education
- Development of civil society
The foundation also emphasizes giving for education and religion, with particular attention to Korean culture and interests.
Grantmaking
Arts grants for nonprofits, grants for creative writing, grants for historic buildings, grants for journalism, and grants for education nonprofits.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in New York, Texas, and California.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $5,484,527
- Total revenues: $2,590,502
- Total expenses: $2,162,112
- Investment income and dividends: $203,611
- Net rental income: $167,208
As of December 2023:
- Total assets: $5.07M
- Total revenues: $3.01M
- Total expenses: $2.1M
- Total liabilities: $32,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,484,527 | $5,069,995 | $4,128,820 |
| Revenue | $2,590,502 | $3,014,189 | $360,004 |
| Expenses | $2,162,112 | $2,100,397 | $2,096,322 |
| Qualifying Distributions | $1,842,760 | $1,786,398 | $1,768,570 |
| Net Investment Income | $2,354,831 | $2,775,041 | $115,550 |
| Distributable Amount | $2,189,887 | $1,844,919 | $1,786,251 |
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
124 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Michigan ($350,000), New York Philharmonic ($250,000), San Francisco Opera ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASIAN ART MUSEUM SAN FRANCISCO, CA | FOR CHARITABLE PURPOSE OF ORGANIZATION | $100,000 |
| AUSTRALIAN AMERICAN LEADERSHIP DIALOGUE FOUNDATION NEW YORK, NY | FOR CHARITABLE PURPOSE OF ORGANIZATION | $50,000 |
| AUSTIN SYMPHONY AUSTIN, TX | FOR CHARITABLE PURPOSE OF ORGANIZATION | $25,000 |
| AUSTIN OPERA AUSTIN, TX | FOR CHARITABLE PURPOSE OF ORGANIZATION | $10,000 |
| BLANTON MUSEUM AT UT AUSTIN AUSTIN, TX | FOR CHARITABLE PURPOSE OF ORGANIZATION | $25,000 |
| COMMITTEE FOR HUMAN RIGHTS IN NORTH KOREA WASHINGTON, DC | FOR CHARITABLE PURPOSE OF ORGANIZATION | $50,000 |
| COUNCIL OF KOREAN AMERICANS WASHINGTON, DC | FOR CHARITABLE PURPOSE OF ORGANIZATION | $1,500 |
| COUNCIL ON FOREIGN RELATIONS NEW YORK, NY | FOR CHARITABLE PURPOSE OF ORGANIZATION | $3,420 |
| FOREIGN POLICY ASSOCIATION NEW YORK, NY | FOR CHARITABLE PURPOSE OF ORGANIZATION | $25,000 |
| GOLD HOUSE FOUNDATION INC WALNUT, CA | FOR CHARITABLE PURPOSE OF ORGANIZATION | $125,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key trustees include:
- Choongja Kahng
- Stephen Kahng
- Peter Kahng
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER KAHNG | PRESIDENT | 15 | — |
| CHOONGJA KAHNG | VICE PRESIDENT | 10 | — |
| STEPHEN KAHNG | VICE PRESIDENT | 5 | — |
Contact Information
Address: 301 West Ave Unit 2206, Austin, TX 78701-4772
Telephone: 212-242-3625
Website: kahngfound.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Kahng Foundation fund?
The foundation supports projects in the areas of: • Arts & culture • Education • Development of civil society The foundation also emphasizes giving for education and religion, with particular attention to Korean culture and interests.
How do I apply for a grant from Kahng Foundation?
**Grant Activity:** • Made 20 grants in 2024 • Total giving: $1,837,005 (2024) • Typical award range: $110,000–$600,000 **Recent Grant Recipients (2024):** • New York Philharmonic: $250,000 • St. Patrick's Cathedral Landmark Foundation: $200,000 • Harvard University: $200,000 • Blanton Museum of Art at the University of Texas at Austin • The Whitney Museum of American Art • Gold House: Gold Art Prize **Funding Focus Areas:** Arts grants for nonprofits, grants for creative writing, grants for hi…
Where does Kahng Foundation make grants?
The foundation's grantmaking is primarily concentrated in New York, Texas, and California.
What size grants does Kahng Foundation award?
In 2024, Kahng Foundation awarded 24 grants totaling $1.8M — an average of about $77K per grant, based on its IRS Form 990 filings.
How much is Kahng Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kahng Foundation reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kahng Foundation's EIN?
Kahng Foundation's EIN (Employer Identification Number) is 74-2883492. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kahng Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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