Kang Dream Foundation
Kang Dream Foundation is a private foundation based in Los Angeles, California, established in 2013. The foundation operates as a 501(c)(3) organization and focuses on making charitable contributions to religious organizations, charitable organizations, educational institutions, public charities, governmental units, senior and community centers, and museums.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.1M
+15.8% YoY
Annual Giving
$313K
+3.3% YoY
Grant Count
32
-11.1% YoY
Avg Grant Size
$10K
+16.2% YoY
Under IRS private-foundation payout rules, Kang Dream Foundation reported a distributable amount of $338K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, its grantmaking demonstrates a focus on:
- Korean American community organizations and cultural institutions
- Educational scholarships and overseas support programs
- Religious and charitable organizations
- Community centers and senior services
Key beneficiary organizations include the Korean American Federation of Los Angeles, Korean Youth Community Center, and Korean American Chamber of Commerce.
Grantmaking
The foundation accepts applications from prospective grantees.
Grant Range
$4,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation operates primarily in Los Angeles, California, with some support extending to national and international organizations, including overseas scholarship programs.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $7,058,342
- Total revenues: $1,337,362
- Total expenses: $359,043
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,058,342 | $6,097,223 | $6,442,103 |
| Revenue | $1,337,362 | $-7,288 | $1,345,265 |
| Expenses | $359,043 | $334,909 | $393,947 |
| Qualifying Distributions | $312,900 | $304,250 | $362,200 |
| Net Investment Income | $169,761 | $172,529 | $173,408 |
| Distributable Amount | $337,768 | $310,344 | $295,266 |
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
171 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Scholarship Overseas ($81,800), Korean American Federation ($72,200), The American Wheat Mission ($30,500).
| Recipient | Purpose | Amount |
|---|---|---|
| VISION CARE SERVICE WEST LOS ANGELES, CA | FREE SURGERY AND OPHTHALMIC TREATMEN | $3,000 |
| THE AMERICAN WHEAT MISSION SANTA FE SPRINGS, CA | CHARITABLE ORGANIZATION | $30,500 |
| SOUTH BAY KOREAN ADVENTIST CHURCH TORRANCE, CA | RELIGIOUS ORGANIZATION | $4,800 |
| SHALOM DISABILITY MINISTRIES LOS ANGELES, CA | DEVELOPMENTAL DISABILITIES | $6,400 |
| SEASAW COMMUNITIES INC BUENA PARK, CA | CHARITABLE ORGANIZATION | $2,000 |
| SCHOLARSHIP OVERSEAS LOMA LINDA, CA | SUPPORT OVERSEA SCHOLARSHIP | $81,800 |
| RK MEDIA FOUNDATION LOS ANGELES, CA | SUPPORT CHARITABLE ACTIVITIES | $2,000 |
| PAVA WORLD LOS ANGELES, CA | PUBLIC CHARITY | $10,200 |
| OBA FOUNDATION INC LOS ANGELES, CA | CHARITABLE ORGANIZATION | $4,000 |
| NEWTON COMMUNITY YOUTH LOS ANGELES, CA | EDUCATION, YOUTH CRIME PREVENTION | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN KANG | PRESIDENT | — | — |
| CHRISTIN Y KANG | SECRETARY | — | — |
| DANIEL KANG | TREASURER | — | — |
| JANET KANG | DIRECTOR | — | — |
| SARAH SHIN | DIRECTOR | — | — |
| BOOMI HAN | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The foundation actively recruits scholarship recipients on an annual basis. Recent scholarship recruitment efforts have sought 50-70 applicants for undergraduate through graduate-level support, with awards ranging up to $1,200 per recipient.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Kang Dream Foundation fund?
The foundation does not maintain a publicly stated mission statement. However, its grantmaking demonstrates a focus on: • Korean American community organizations and cultural institutions • Educational scholarships and overseas support programs • Religious and charitable organizations • Community centers and senior services Key beneficiary organizations include the Korean American Federation of Los Angeles, Korean Youth Community Center, and Korean American Chamber of Commerce.
How do I apply for a grant from Kang Dream Foundation?
**Grant Activity:** • Made 32 grants in the most recent fiscal year (2024) • Median grant size: $4,000 • Grant range: $1,000 to $66,000 • Annual giving rate: approximately 4.8% of assets **Recent Grants (2024):** • Scholarship of Overseas Support Association (SOSA): $81,800 • Korean American Federation of North Los Angeles: $72,200 • RK Media Foundation: $2,000 **Application Process:** The foundation accepts applications from prospective grantees.
Where does Kang Dream Foundation make grants?
The foundation operates primarily in Los Angeles, California, with some support extending to national and international organizations, including overseas scholarship programs.
What size grants does Kang Dream Foundation award?
In 2024, Kang Dream Foundation awarded 32 grants totaling $313K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Kang Dream Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kang Dream Foundation reported a distributable amount of $338K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kang Dream Foundation's EIN?
Kang Dream Foundation's EIN (Employer Identification Number) is 90-0917579. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kang Dream 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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