Lifecare Foundation Inc
Lifecare Foundation Inc is a private foundation, based in Monmouth Junction, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $56.4M in total assets. In 2024, it awarded 8 grants totaling $2.1M. Net investment income was $1.9M.
Key facts about Lifecare Foundation Inc
In short: Lifecare Foundation Inc gave $2.1M across 8 grants in 2024 (avg $262K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- EIN
- 22-3625576
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,092,000
- Grants made (2024)
- 8
- Average grant
- $261,500
- Median grant
- $7,500
- Total assets
- $56,372,205
- Primary geography
- Ohio (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$56.4M
+20.6% YoY
Annual Giving
$2.1M
+44.4% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$262K
+62.5% YoY
Under IRS private-foundation payout rules, Lifecare Foundation Inc reported a distributable amount of $2.7M for 2024 — the minimum it must pay out in qualifying distributions.
How Lifecare Foundation Inc gives
- Giving grew 84% from 2021 to 2024. Method
- In 2024 it paid out 77% 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.
Ready to take the next step with Lifecare Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $803K (2020) to $2.1M (2024). In 2024 it made 8 grants totaling $2.1M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Fidelity Charitable ($1.1M). Together the top 7 received $2.1M.
Organizations only. It also paid 1 individual scholarship ($2,000), which are not listed by name.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 34 grants of 44 (77%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Cincinnati, OH | Kang Family Charitable Fund | $1,050,000 |
| Vanguard Charitable Fund Boston, MA | The Kang Family Charitable Fund | $1,000,000 |
| Princeton Korean Church Princeton, NJ | General SUPPORT | $20,000 |
| Korean American Institute of Princeton Princeton, NJ | General | $10,000 |
| Michael Kim Monmouth Jct, NJ | scholarship | $5,000 |
| Syngman Rhee Memorial Foundation Plymouth Meeting, PA | General Support | $3,000 |
| Penn Medicine Philadelphia, PA | General | $2,000 |
| 1 individual scholarship Recipients not named | — | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $56,372,205 | $46,756,402 | $37,214,645 |
| Revenue | $12,257,581 | $11,529,392 | $10,554,487 |
| Expenses | $2,650,778 | $1,987,635 | $2,203,279 |
| Qualifying Distributions | $2,095,681 | $1,451,624 | $1,623,967 |
| Net Investment Income | $1,912,315 | $1,195,259 | $204,437 |
| Distributable Amount | $2,713,560 | $2,180,574 | $1,537,114 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Lifecare Foundation Inc's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jemo Kang
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Monica Kang
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Roger Kang
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Walter Kang
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Lifecare Foundation Inc
How much does Lifecare Foundation Inc give each year?
Lifecare Foundation Inc gave $2.1M across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 9 grants.
What is Lifecare Foundation Inc's typical grant size?
Lifecare Foundation Inc's median grant in 2024 was $7,500, and its average grant was $261,500, across 8 grants on its 2024 IRS Form 990-PF.
Where does Lifecare Foundation Inc give grants?
Lifecare Foundation Inc gives mostly in Ohio: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (48%). The most frequent recipient cities were Princeton, NJ (2 grants).
Does Lifecare Foundation Inc give general operating support?
Yes: 50% of Lifecare Foundation Inc's 2024 grants with a stated purpose (4 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Lifecare Foundation Inc's largest grantees?
Lifecare Foundation Inc's largest 2024 grantees include Fidelity Charitable ($1,050,000), Vanguard Charitable Fund ($1,000,000) and Princeton Korean Church ($20,000), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($2,000), which are not listed by name. Together they received 99% of its itemized 2024 grant dollars.
How large is Lifecare Foundation Inc?
Lifecare Foundation Inc reported $56.4M in total assets on its 2024 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $2.7M (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 Lifecare Foundation Inc's EIN?
Lifecare Foundation Inc's EIN (Employer Identification Number) is 22-3625576. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Lifecare Foundation Inc by hand.
Explore Open Grants
Browse active grant opportunities in Lifecare Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Persimmon Foundation
San Francisco, CA
The foundation operates exclusively for charitable, educational, or religious purposes by conducting or supporting activities for the benefit of, or to carry out the purposes of, the jewish community federation of san francisco, the peninsula, marin and Sonoma counties.
Assets
$3.8M
Grants
4
Total Given
$492K
National Center for Women and Information Technology
Boulder, CO
NCWIT funds programs and initiatives that widen inclusion in technology, especially efforts to recruit and retain women in computing across education and careers. In 2025, its four reported grants ranged from $10,000 to $2,999,500, with a median of $180,680; most grant dollars went to Colorado, while its Higher Ed Alliance Seed Fund is open to eligible nonprofit U.S. institutions, including those in U.S. territories. The profile does not state whether NCWIT accepts unsolicited requests.
Assets
$12.8M
Grants
4
Total Given
$3.4M
Grant Thornton Foundation
Chicago, IL
In 2024, the Grant Thornton Foundation funded general support, educational institutions, and disaster relief, awarding 10 grants of $1,575 to $41,450 (median $19,060). It is based in Chicago, with 2024 grants concentrated in California, Arizona, and Florida. The foundation gives only to preselected organizations and does not accept unsolicited requests.
Assets
$224K
Grants
10
Total Given
$181K
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
LSST Inc
Tucson, AZ
LSST Discovery Alliance funds research, fellowships, data-science training, software, and inclusive-collaboration efforts related to the Vera C. Rubin Observatory’s Legacy Survey of Space and Time. In 2024, its grants ranged from $6,000 to $269,911, with a median of $24,000, and went to recipients in multiple U.S. states. The profile describes proposal-based grant programs but does not state whether it accepts unsolicited requests.
Assets
$4.8M
Grants
29
Total Given
$1.8M
American Epilepsy Society
Chicago, IL
AES funds epilepsy research and professional education, including fellowships, seed and infrastructure grants, workshops, and conferences, primarily through medical schools, universities, and hospitals. Its 2025 grants ranged from $11,200 to $150,800, with a median of $50,400, and went to recipients in multiple U.S. states; it uses a formal application process, but whether it accepts unsolicited requests is not stated.
Assets
$22.0M
Grants
30
Total Given
$1.7M
Alzheimer's Disease & Related Disorders Association Inc
Chicago, IL
The Alzheimer’s Association funds Alzheimer’s and dementia research, including basic, clinical, social and behavioral studies, and supports care, prevention, early detection, awareness, and advocacy. In 2025, its 79 grants ranged from $10,000 to $13.3 million, with a median of $270,750; research opportunities are open to U.S. and international researchers.
Assets
$523.7M
Grants
79
Total Given
$73.3M
Deloitte Foundation
Stamford, CT
The Deloitte Foundation funds U.S. education initiatives, including scholarships, curriculum and faculty support, mentoring, and grants to education nonprofits and universities, particularly through local programs in about 30 selected locations. Its 2025 grants had a median of $50,000, and it does not accept unsolicited requests for its Local Impact Grant Program.
Assets
$51.4M
Grants
121
Total Given
$32.5M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
The George Washington University
Ashburn, VA
The George Washington University’s reported grants are primarily subaw awards supporting education, scholarly research, research support, and community-engaged scholarship, with recipients including universities, research organizations, and community organizations. In 2025, grants ranged from $5,000 to $3.42 million, with a median of about $131,000; Nashman Faculty Development awards are generally $2,000–$5,000. Funding went mainly to recipients in Washington, D.C., and several other states, and the profile does not state whether unsolicited requests are accepted.
Assets
$5.5B
Grants
191
Total Given
$54.1M
The Rockefeller Foundation
New York, NY
The Rockefeller Foundation funds initiatives in energy access, sustainable food systems, health, climate, economic opportunity, and finance in the United States and around the world. In 2024, it made 381 grants, with a median grant of about $171,000, though awards ranged widely; it does not accept unsolicited requests and funds preselected organizations only.
Assets
$6.4B
Grants
381
Total Given
$233.2M
More Funders in New Jersey
Lifecare Foundation Inc down — hundreds of funders to go?