Korean American Buddhist Scholarship Foundation Inc is a private foundation focused on Religion Related, based in FORT LEE, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $52K in total assets. In 2025, it awarded 10 grants totaling $10K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$52K
-12.2% YoY
Annual Giving
$10K
+100.0% YoY
Grant Count
10
+100.0% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Korean American Buddhist Scholarship Foundation Inc reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
About Korean American Buddhist Scholarship Foundation Inc
Based on IRS filings
Korean American Buddhist Scholarship Foundation Inc is a private foundation focused on Religion Related, based in FORT LEE, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $52K in total assets. In 2025, it awarded 10 grants totaling $10K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $52,334 | $59,616 | $63,457 |
| Revenue | $3,605 | $1,867 | $5,828 |
| Expenses | $10,887 | $5,708 | $25 |
| Qualifying Distributions | $10,792 | $5,000 | — |
| Net Investment Income | — | — | $2,754 |
| Distributable Amount | $1,034 | — | — |
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 2025
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Bok Yung Jeon ($1,000), Ellyn Park ($1,000), Philip Kwon ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bok Yung Jeon Flushing, NY | Educational purposes | $1,000 |
| Ellyn Park Plainview, NY | Educational purposes | $1,000 |
| Philip Kwon Great Neck, NY | Educational purposes | $1,000 |
| Jongseok Moon Cambridge, MA | Educational purposes | $1,000 |
| Minche Kim Hillsdale, NJ | Educational purposes | $1,000 |
| Brian Euncheol Lee Closter, NJ | Educational purposes | $1,000 |
| Lina Kim Montvale, NJ | Educational purposes | $1,000 |
| Jayden Maeng Emerson, NJ | Educational purposes | $1,000 |
| Mingu Bak Garfield, NJ | Educational purposes | $1,000 |
| Bokyung Jeon Flushing, NY | Educational purposes | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Young Sook Choi | Director | 0.5 | — |
| Eric Choi | Director | 0.5 | — |
| Justin Choi | Director | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Korean American Buddhist Scholarship Foundation Inc?
Korean American Buddhist Scholarship Foundation Inc is a private foundation focused on Religion Related, based in FORT LEE, NJ. It holds $52K in total assets as of 2025.
How large is Korean American Buddhist Scholarship Foundation Inc?
As of 2025, Korean American Buddhist Scholarship Foundation Inc holds $52K in total assets with $4K in annual revenue. It awarded 10 grants totaling $10K in 2025.
Where does Korean American Buddhist Scholarship Foundation Inc operate?
Korean American Buddhist Scholarship Foundation Inc has awarded grants in California, Illinois, Massachusetts, New Jersey, New York, Pennsylvania, Washington.
What size grants does Korean American Buddhist Scholarship Foundation Inc award?
In 2025, Korean American Buddhist Scholarship Foundation Inc awarded 10 grants totaling $10K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Korean American Buddhist Scholarship Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Korean American Buddhist Scholarship Foundation Inc reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Korean American Buddhist Scholarship Foundation Inc's EIN?
Korean American Buddhist Scholarship Foundation Inc's EIN (Employer Identification Number) is 01-0832008. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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