Korg Foundation
Korg Foundation is a private foundation, based in La Jolla, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 4 grants totaling $130K. Net investment income was $194K.
Korg Foundation at a glance
In short: Korg Foundation gave $130K across 4 grants in 2025 (avg $32K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $129,976
- +13.7% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $32,494
- +13.7% vs 2024
- Median grant
- $34,988
- Total assets
- $2,034,952
- +3.0% vs 2024
- Primary geography
- New York (54% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Korg Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Natural Resources Defense Council ($45K). Together the top 4 received $130K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Korg Foundation gives
- Giving held roughly steady from 2022 to 2025 (+3%). Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $104K (2020) to $130K (2025). In 2025 it made 4 grants totaling $130K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Natural Resources Defense Council New York, NY | General | $45,000 |
| Planned Parenthood of SD San Diego, CA | General | $45,000 |
| ASPCA New York, NY | General | $24,976 |
| Surfrider Foundation San Diego, CA | General | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,034,952 | $199,256 | $140,631 | $129,976 | 4 | $129,976 | $193,678 | $139,647 |
| 2024 | $1,976,327 | $142,800 | $124,295 | $114,312 | 4 | $114,312 | $135,598 | $129,976 |
| 2023 | $1,957,822 | $98,161 | $126,912 | $117,660 | 4 | $117,660 | $91,255 | $114,312 |
| 2022 | $1,986,573 | $57,287 | $135,247 | $125,691 | 5 | $125,691 | $60,636 | $117,660 |
| 2021 | $2,060,713 | $181,422 | $116,349 | $107,644 | 4 | $107,644 | $176,944 | $125,691 |
| 2020 | $1,995,601 | $85,033 | $112,290 | $103,559 | 3 | — | $80,508 | $107,644 |
| 2019 | $2,023,525 | $226,947 | $112,234 | $103,872 | 4 | — | $218,585 | $103,569 |
Under IRS private-foundation payout rules, Korg Foundation reported a distributable amount of $140K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Korg Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Deirdre Ives
Trustee
On filings since 2019
No compensation reported
Mark H. Ives
Trustee
On filings since 2019
No compensation reported
Former officers (1)
- Former: Theodora H. Ives (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Korg Foundation
How much does Korg Foundation give each year?
Korg Foundation gave $130K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $114K across 4 grants.
What is Korg Foundation's typical grant size?
Korg Foundation's median grant in 2025 was $34,988, and its average grant was $32,494, across 4 grants on its 2025 IRS Form 990-PF.
Where does Korg Foundation give grants?
Korg Foundation gives mostly in New York: 54% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (46%). The most frequent recipient cities were New York, NY (2 grants) and San Diego, CA (2 grants).
Does Korg Foundation give general operating support?
Yes: 100% of Korg Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Korg Foundation?
Korg Foundation reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $130K in qualifying distributions that year, against a required minimum of $140K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Korg Foundation's EIN?
Korg Foundation's EIN (Employer Identification Number) is 13-6213545. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 24, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
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