Kwon Foundation Inc
Kwon Foundation Inc is a private foundation based in Port Washington, New York. Its 2025 filing says it supports college students through scholarships and provides other financial support for religious and charitable purposes.
Kwon Foundation Inc at a glance
In short: Kwon Foundation Inc gave $72K across 27 grants in 2025 (avg $3K), top state Colorado. 48% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $71,850
- +42.4% vs 2024
- Grants made (2025)
- 27
- -18.2% vs 2024
- Average grant
- $2,661
- +74.1% vs 2024
- Median grant
- $1,000
- Total assets
- $217,579
- +28.6% vs 2024
- New grantees (estimate)
- 48% first-time grantees (12 of 25, 2025)
- Primary geography
- Colorado (47% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Kwon Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 51 West Overlook, Port Washington, NY 11050
Phone: (516) 883-1142
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Kwon Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Korean American Scholarship Foundat ($31K across 2 grants). Together the top 10 received $65K.
Organizations only. It also paid 1 individual scholarship ($500), which are not listed by name.
Grant Size Distribution
132 grants across all recorded years
The most common grant size was under $50K: 132 grants of 132 (100%).
Geographic Focus
Where this funder awards grants
In 2025, grant dollars went primarily to recipients in Colorado (47%), New York (28%), and Maryland (18%). New Jersey and Oregon each received 2%.
Grant Distribution by State
Share of 2025 grant dollars across all 27 itemized grants.
States
Cities
Is Kwon Foundation Inc open to new grantees?
48%
first-time grantees, 2025
In 2025, 12 of 25 grantees (48%) were first-time recipients. First grants averaged $1K; repeat grants $4K. How we count
Medians: $1K first-time, $1K repeat.
- 48% of 2025 grantees were also funded in 2024. Method
- Giving grew 26% from 2022 to 2025. Method
- In 2025 it paid out 71% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $37K (2023) to $72K (2025). In 2025 it made 27 grants totaling $72K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Korean American Scholarship Foundat Highland Ranch, CO | Scholarshop for College Students | $28,000 |
| International Foundation for SKK Un Rockville, MD | Scholarship for Students | $13,000 |
| Stump Mission NY Inc Flushing, NY | Christian Mission Support | $5,500 |
| Light & Love NY Inc White Plains, NY | Christian Mazazine Publication | $4,500 |
| Korean American Scholarship Foundat New York, NY | Scholarship for College Students | $3,000 |
| Tree of Life Presbyt Church Aurora, CO | Church Donation | $3,000 |
| Yale Presyterian Church Hicksville, NY | Church Donation | $2,600 |
| Pinehurst Foundation Denver, CO | Community Support | $2,000 |
| Oregon Women Prison Ministry Portland, OR | Christian Mission Support | $1,500 |
| Denver Seminary Littleton, CO | Christian Education Support | $1,000 |
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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 | $217,579 | $418,542 | $439,987 | $71,850 | 27 | $71,850 | $1,618 | $100,737 |
| 2024 | $169,236 | $406,316 | $379,547 | $50,450 | 33 | $50,450 | — | $98,568 |
| 2023 | $154,761 | $332,950 | $396,367 | $36,690 | 28 | $36,690 | — | $94,761 |
| 2022 | $175,292 | $3,894,855 | $269,783 | $57,100 | 24 | $57,100 | — | $49,567 |
| 2021 | $1,828 | $45,000 | $45,499 | $44,474 | 20 | $44,474 | — | — |
Under IRS private-foundation payout rules, Kwon Foundation Inc reported a distributable amount of $101K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states that it provides scholarship funds to college students of academic excellence or in financial need, along with other financial support for religious and charitable purposes. Its 2025 grants included scholarships, church donations, Christian mission support, Christian education support, and community support.
Grantmaking
In 2025, the foundation reported 27 grants totaling $71,850. Grant amounts ranged from $50 to $28,000, with a median of $1,000. Its largest grants included $28,000 to Korean American Scholarship Foundat in Highland Ranch, Colorado, for college student scholarships; $13,000 to International Foundation for SKK UN in Rockville, Maryland, for student scholarships; and $5,500 to Stump Mission NY Inc in Flushing, New York, for Christian mission support. Other recipients included Light & Love NY Inc ($4,500), Korean American Scholarship Foundat in New York ($3,000), and Tree of Life Presbyt Church ($3,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Tae Jin Kwon as president, Min Ok Kwon as treasurer/secretary, and Young Kook Kwon as director.
Kwon Foundation Inc is led by Tae Jin Kwon, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Tae Jin Kwon
President
On filings since 2021
6 hrs/week
No compensation reported
Young Kook Kwon
Director
On filings since 2021
1 hr/week
No compensation reported
Min Ok Kwon
Treasurer & Secretary
On filings since 2021
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Kwon Foundation Inc
How much does Kwon Foundation Inc give each year?
Kwon Foundation Inc gave $72K across 27 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $50K across 33 grants.
What is Kwon Foundation Inc's typical grant size?
Kwon Foundation Inc's median grant in 2025 was $1,000, and its average grant was $2,661, across 27 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Kwon Foundation Inc that year got $1K on average.
Where does Kwon Foundation Inc give grants?
Kwon Foundation Inc's top state is Colorado, with 47% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (28%) and Maryland (18%). The most frequent recipient cities were Flushing, NY (3 grants) and New York, NY (2 grants).
Does Kwon Foundation Inc give general operating support?
Not in 2025: none of the 27 grants with a stated purpose on Kwon Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Support" (7 grants), "Christian Mission Support" (3 grants) and "Church Donation" (3 grants).
Who are Kwon Foundation Inc's largest grantees?
Kwon Foundation Inc's largest 2025 grantees include Korean American Scholarship Foundat ($31,000 across 2 grants), International Foundation for SKK Un ($13,000) and Stump Mission NY Inc ($5,500), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($500), which are not listed by name. Together they received 69% of its itemized 2025 grant dollars.
How large is Kwon Foundation Inc?
Kwon Foundation Inc reported $218K in total assets on its 2025 IRS Form 990-PF. It paid out $72K in qualifying distributions that year, against a required minimum of $101K (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 does Kwon Foundation Inc fund?
The foundation states that it provides scholarship funds to college students of academic excellence or in financial need, along with other financial support for religious and charitable purposes. See mission & focus areas ↑
How do I apply for a grant from Kwon Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2021–2025.
Does Kwon Foundation Inc 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 September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 30, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- IRS filings on file for fiscal years 2021–2024
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