Lifecare Foundation Inc
Lifecare Foundation Inc is a private foundation, based in Monmouth Junction, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $62.1M in total assets. In 2025, it awarded 4 grants totaling $3.0M. Net investment income was $2.0M.
Lifecare Foundation Inc at a glance
In short: Lifecare Foundation Inc gave $3.0M across 4 grants in 2025 (avg $753K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,012,000
- +44.0% vs 2024
- Grants made (2025)
- 4
- -50.0% vs 2024
- Average grant
- $753,000
- +188.0% vs 2024
- Median grant
- $755,000
- Total assets
- $62,118,493
- +10.2% vs 2024
- Primary geography
- New Jersey (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Lifecare Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Fidelity Charitable ($1.5M). Together the top 4 received $3.0M.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 28 grants of 38 (74%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Lifecare Foundation Inc gives
- Giving grew 86% from 2022 to 2025. Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $803K (2020) to $3.0M (2025). In 2025 it made 4 grants totaling $3.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Princeton, NJ | Kang Family Charitable Fund | $1,500,000 |
| Vanguard Charitable Endowment Boston, MA | Kang Family Charitable Fund | $1,500,000 |
| Korean American Institute of Princeton Princeton, NJ | General Support | $10,000 |
| Penn Medicine Philadelphia, PA | General Support | $2,000 |
Ready to take the next step with Lifecare Foundation Inc?
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 | $62,118,493 | $9,301,663 | $3,555,374 | $3,012,000 | 4 | $3,016,035 | $1,953,536 | $3,012,947 |
| 2024 | $56,372,205 | $12,257,581 | $2,650,778 | $2,092,000 | 8 | $2,095,681 | $1,912,315 | $2,713,560 |
| 2023 | $46,756,402 | $11,529,392 | $1,987,635 | $1,448,531 | 9 | $1,451,624 | $1,195,259 | $2,180,574 |
| 2022 | $37,214,645 | $10,554,487 | $2,203,279 | $1,621,000 | 7 | $1,623,967 | $204,437 | $1,537,114 |
| 2021 | $28,863,437 | $2,351,034 | $1,566,349 | $1,137,000 | 10 | $1,139,893 | $20,578 | $1,461,439 |
| 2020 | $28,078,751 | $8,402,782 | $1,304,215 | $803,000 | 10 | — | $67,180 | $1,128,043 |
Under IRS private-foundation payout rules, Lifecare Foundation Inc reported a distributable amount of $3.0M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lifecare Foundation Inc's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 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, 2020–2025. "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 Lifecare Foundation Inc
How much does Lifecare Foundation Inc give each year?
Lifecare Foundation Inc gave $3.0M across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.1M across 8 grants.
What is Lifecare Foundation Inc's typical grant size?
Lifecare Foundation Inc's median grant in 2025 was $755,000, and its average grant was $753,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does Lifecare Foundation Inc give grants?
Lifecare Foundation Inc gives mostly in New Jersey: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (50%). 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 2025 grants with a stated purpose (2 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Lifecare Foundation Inc?
Lifecare Foundation Inc reported $62.1M in total assets on its 2025 IRS Form 990-PF. It paid out $3.0M in qualifying distributions that year, against a required minimum of $3.0M (roughly 5% of its investment assets).
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 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Lifecare Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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
More similar funders
More Funders in New Jersey
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Lifecare Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Lifecare Foundation Inc down — hundreds of funders to go?