Lee Park Foundation
Lee Park Foundation is a private foundation, based in Boulder, CO. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 7 grants totaling $53K. Net investment income was $76K.
Lee Park Foundation at a glance
In short: Lee Park Foundation gave $53K across 7 grants in 2024 (avg $8K), top state New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $53,100
- +962.0% vs 2023
- Grants made (2024)
- 7
- +600.0% vs 2023
- Average grant
- $7,586
- +51.7% vs 2023
- Median grant
- $1,700
- Total assets
- $3,578,134
- +7.9% vs 2023
- Primary geography
- New Jersey (40% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lee Park Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was The Korean School of NJ ($20K). Together the top 7 received $53K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Lee Park Foundation gives
- In 2024 it paid out 79% 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 2023 to 2024, annual grant giving ranged from $5K (2023) to $53K (2024). In 2024 it made 7 grants totaling $53K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Korean School of NJ Tenafly, NJ | Education Program | $20,000 |
| Denver Scholarship Foundation Denver, CO | Scholarship | $15,000 |
| Korean American Community Foundatio New York, NY | Community Service Program | $15,000 |
| The Brooklyn Hospital Foundation Brooklyn, NY | Hospital Medical Service | $1,700 |
| The Lawernceville School Lawrenceville, NJ | Scholarship | $1,000 |
| Trout Unlimited Inc Arlington, VA | Community Service Program | $250 |
| Kacf New York, NY | Community Service Program | $150 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,578,134 | $197,774 | $209,044 | $53,100 | 7 | $133,255 | $76,373 | $169,076 |
| 2023 | $3,317,453 | $3,219,059 | $25,529 | $5,000 | 1 | $6,672 | $19,059 | $45,335 |
Under IRS private-foundation payout rules, Lee Park Foundation reported a distributable amount of $169K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lee Park Foundation is led by Gaeun Kim, President on every filing since 2023; 2 of 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Gaeun Kim
President
On filings since 2023
40 hrs/week
$60K (2024)
Soyeon Park
Trustee
On filings since 2023
No compensation reported
Jai-Yoo Lee
Secretary
On filings since 2023
25 hrs/week
$30K (2024)
Hagen Lee
Treasurer
On filings since 2023
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $60K, to Gaeun Kim (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Lee Park Foundation
How much does Lee Park Foundation give each year?
Lee Park Foundation gave $53K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 1 grant.
What is Lee Park Foundation's typical grant size?
Lee Park Foundation's median grant in 2024 was $1,700, and its average grant was $7,586, across 7 grants on its 2024 IRS Form 990-PF.
Where does Lee Park Foundation give grants?
Lee Park Foundation's top state is New Jersey, with 40% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (32%) and Colorado (28%). The most frequent recipient cities were New York, NY (2 grants).
Does Lee Park Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Lee Park Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Service Program" (3 grants).
Who are Lee Park Foundation's largest grantees?
Lee Park Foundation's largest 2024 grantees include The Korean School of NJ ($20,000), Denver Scholarship Foundation ($15,000) and Korean American Community Foundatio ($15,000), according to its 2024 IRS Form 990-PF. Together they received 94% of its itemized 2024 grant dollars.
How large is Lee Park Foundation?
Lee Park Foundation reported $3.6M in total assets on its 2024 IRS Form 990-PF. It paid out $133K in qualifying distributions that year, against a required minimum of $169K (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 Lee Park Foundation's EIN?
Lee Park Foundation's EIN (Employer Identification Number) is 93-3478509. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Lee Park Foundation funds
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