Kwon Foundation Inc is a private foundation focused on Education, based in PORT WASHINGTON, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $169K in total assets. In 2024, it awarded 33 grants totaling $50K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$169K
+9.4% YoY
Annual Giving
$50K
+37.5% YoY
Grant Count
33
+17.9% YoY
Avg Grant Size
$2K
+16.7% YoY
Under IRS private-foundation payout rules, Kwon Foundation Inc reported a distributable amount of $99K for 2024 — the minimum it must pay out in qualifying distributions.
About Kwon Foundation Inc
Based on IRS filings
Kwon Foundation Inc is a private foundation focused on Education, based in PORT WASHINGTON, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $169K in total assets. In 2024, it awarded 33 grants totaling $50K.
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 | $169,236 | $154,761 | $175,292 |
| Revenue | $406,316 | $332,950 | $3,894,855 |
| Expenses | $379,547 | $396,367 | $269,783 |
| Qualifying Distributions | $50,450 | $36,690 | $57,100 |
| Net Investment Income | — | — | — |
| Distributable Amount | $98,568 | $94,761 | $49,567 |
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
105 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Yale Presyterian Church ($7,000), Korean American Scholarship Foundat ($5,000), Kasf Mountain Regional Chapter ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KOREAN AMERICAN SCHOLARSHIP FOUNDAT NEW YORK, NY | SCHOLARSHIP FOR COLLEGE STUDENTS | $5,000 |
| KASF MOUNTAIN REGIONAL CHAPTER AURORA, CO | SCHOLARSHIP FOR COLLEGE STUDENTS | $5,000 |
| KOREAN AMERICAN CIVIC EMPOWERMENT FLUSHING, NY | SOCIAL AWARENESS | $1,500 |
| OHIO NORTHERN UNIVERSITY ADA, OH | EDUCATION SUPPORT | $1,000 |
| YALE PRESYTERIAN CHURCH HICKSVILLE, NY | CHURCH DONATION | $7,000 |
| ANDREW KIM FOUNDATION ENGLEWOOD CLIFFS, NJ | SCHOLARSHIP | $5,000 |
| LIGHT & LOVE NY INC WHITE PLAINS, NY | CHRISTIAN MAZAZINE PUBLICATION | $1,000 |
| KOREAN CHINESE MISSION CHURCH FLUSHING, NY | CHURCH DONATION | $1,000 |
| GREAT MISSION NEW LIFE WOODBURY, NY | CHRISTIAN MISSION SUPPORT | $500 |
| INCAR CHRISTIAN MISSIONARY QUEENS VILLAGE, NY | CHRISTIAN MISSION SUPPORT | $600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TAE JIN KWON | PRESIDENT | 5 | — |
| MIN OK KWON | TREASURER/SE | 4 | — |
| YOUNG KOOK KWON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kwon Foundation Inc?
Kwon Foundation Inc is a private foundation focused on Education, based in PORT WASHINGTON, NY. It holds $169K in total assets as of 2024.
How large is Kwon Foundation Inc?
As of 2024, Kwon Foundation Inc holds $169K in total assets with $406K in annual revenue. It awarded 33 grants totaling $50K in 2024.
Where does Kwon Foundation Inc operate?
Kwon Foundation Inc has awarded grants in Arizona, California, Colorado, District of Columbia, Florida, Kansas, Maryland, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Virginia, West Virginia.
What size grants does Kwon Foundation Inc award?
In 2024, Kwon Foundation Inc awarded 33 grants totaling $50K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Kwon Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kwon Foundation Inc reported a distributable amount of $99K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kwon Foundation Inc's EIN?
Kwon Foundation Inc's EIN (Employer Identification Number) is 47-5267415. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Kwon Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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