Korean American Next Generation
Korean American Next Generation is a private foundation based in Cerritos, California. Its 2024 filing reports grants for missionary support and scholarships to recipients in California.
Korean American Next Generation at a glance
In short: Korean American Next Generation gave $25K across 14 grants in 2024 (avg $2K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $24,975
- +18.2% vs 2023
- Grants made (2024)
- 14
- +27.3% vs 2023
- Average grant
- $1,784
- -7.2% vs 2023
- Median grant
- $1,500
- Total assets
- $204,949
- +20.8% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Korean American Next Generation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: 13337 South Street 415, Cerritos, CA 90703
Phone: (562) 884-8900
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Korean American Next Generation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Good Community Church ($9K).
Organizations only. It also paid 13 individual scholarships ($16,300), which are not listed by name.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in California.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
States
Cities
How Korean American Next Generation gives
- Giving grew 1187% from 2021 to 2024. Method
- In 2024 it paid out 322% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2021) to $25K (2024). In 2024 it made 14 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Good Community Church Torrance, CA | Missionary Support | $8,675 |
| 13 individual scholarships Recipients not named | — | $16,300 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $204,949 | $100,000 | $64,716 | $24,975 | 14 | $24,975 | $7,763 |
| 2023 | $169,665 | $100,000 | $34,671 | $21,136 | 11 | $21,136 | $4,713 |
| 2022 | $104,336 | $40,000 | $11,754 | $5,000 | 3 | $5,000 | $3,674 |
| 2021 | $76,090 | $40,000 | $3,226 | $1,940 | 2 | $1,940 | $2,045 |
| 2020 | $31,266 | $20,000 | $2,235 | $2,060 | 2 | — | $1,661 |
Under IRS private-foundation payout rules, Korean American Next Generation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In 2024, the foundation gave 14 grants totaling $24,975. Grants ranged from $100 to $8,675, with a median of $1,500. The largest was $8,675 to GOOD COMMUNITY CHURCH in Torrance for missionary support. The filing also lists scholarships to individual recipients, including one $1,500 scholarship to an individual recipient
Leadership & Key People
Leadership team and compensation from IRS filings
JOONGHAN KANG is listed as president on the 2024 filing.
Korean American Next Generation is led by Joonghan Kang, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Joonghan Kang
President
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Korean American Next Generation
How much does Korean American Next Generation give each year?
Korean American Next Generation gave $25K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $21K across 11 grants.
What is Korean American Next Generation's typical grant size?
Korean American Next Generation's median grant in 2024 was $1,500, and its average grant was $1,784, across 14 grants on its 2024 IRS Form 990-PF.
Where does Korean American Next Generation give grants?
Korean American Next Generation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Korean American Next Generation give general operating support?
Not in 2024: none of the 14 grants with a stated purpose on Korean American Next Generation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (13 grants).
How large is Korean American Next Generation?
Korean American Next Generation reported $205K in total assets on its 2024 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
How do I apply for a grant from Korean American Next Generation?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Korean American Next Generation's EIN?
Korean American Next Generation's EIN (Employer Identification Number) is 81-3753463. IRS Form 990 filing data is available on this page for 2020–2024.
Does Korean American Next Generation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Korean American Next Generation funds
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Figures come from Korean American Next Generation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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