Korean American Next Generation
Korean American Next Generation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CERRITOS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205K in total assets. In 2024, it awarded 14 grants totaling $25K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$205K
+20.8% YoY
Annual Giving
$25K
+18.2% YoY
Grant Count
14
+27.3% YoY
Avg Grant Size
$2K
-7.2% YoY
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.
About Korean American Next Generation
Based on IRS filings
Korean American Next Generation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CERRITOS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205K in total assets. In 2024, it awarded 14 grants totaling $25K.
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 | $204,949 | $169,665 | $104,336 |
| Revenue | $100,000 | $100,000 | $40,000 |
| Expenses | $64,716 | $34,671 | $11,754 |
| Qualifying Distributions | $24,975 | $21,136 | $5,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $7,763 | $4,713 | $3,674 |
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
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Good Community Church ($8,675), Landon Goo ($2,000), Matthew C Hsieh ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GOOD COMMUNITY CHURCH TORRANCE, CA | MISSIONARY SUPPORT | $8,675 |
| ANTHONY ROBLES HAWAIIAN GARDEN, CA | SCHOLARSHIP | $1,500 |
| ARUN NAMBIAR CERRITOS, CA | SCHOLARSHIP | $1,500 |
| GENNALYN MAY TORRES CERRITOS, CA | SCHOLARSHIP | $1,500 |
| HANNAH KIM NORWALK, CA | SCHOLARSHIP | $1,500 |
| HARRISON ANIGBO CERRITOS, CA | SCHOLARSHIP | $1,500 |
| KATELYN MAK CERRITOS, CA | SCHOLARSHIP | $1,500 |
| KYMAREAY DRAKE SACRAMENTO, CA | SCHOLARSHIP | $100 |
| LANDON GOO TUSTIN, CA | SCHOLARSHIP | $2,000 |
| MATTHEW C HSIEH TUSTIN, CA | SCHOLARSHIP | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOONGHAN KANG | PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Korean American Next Generation?
Korean American Next Generation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CERRITOS, CA. It holds $205K in total assets as of 2024.
How large is Korean American Next Generation?
As of 2024, Korean American Next Generation holds $205K in total assets with $100K in annual revenue. It awarded 14 grants totaling $25K in 2024.
Where does Korean American Next Generation operate?
Korean American Next Generation has awarded grants in California, Tennessee.
What size grants does Korean American Next Generation award?
In 2024, Korean American Next Generation awarded 14 grants totaling $25K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Korean American Next Generation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Korean American Next Generation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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