Lims Dream Foundation
Lims Dream Foundation is a private foundation focused on Human Services, based in Rancho Palos Verdes, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.0M in total assets. In 2025, it awarded 1 grant totaling $130K.
Lims Dream Foundation at a glance
In short: Lims Dream Foundation gave $130K across 1 grant in 2025 (avg $130K). Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $130,000
- -57.5% vs 2024
- Grants made (2025)
- 1
- -66.7% vs 2024
- Average grant
- $130,000
- +27.6% vs 2024
- Median grant
- $130,000
- Total assets
- $2,986,417
- +33.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lims Dream Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Kyulim Foundation ($130K).
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 9 grants of 12 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Lims Dream Foundation gives
- Giving fell 38% from 2022 to 2025. 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 2019 to 2025, annual grant giving ranged from $9K (2023) to $306K (2024). In 2025 it made 1 grant totaling $130K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kyulim Foundation | Charitable Contribution | $130,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2025 | $2,986,417 | $973,951 | $202,847 | $130,000 | 1 | $130,000 | — |
| 2024 | $2,243,393 | $314,522 | $358,683 | $305,700 | 3 | $305,700 | — |
| 2023 | $2,284,973 | $67,611 | $42,811 | $9,200 | 2 | $9,200 | $1,944 |
| 2022 | $2,259,815 | $335,812 | $257,726 | $209,280 | 4 | $209,280 | $1,183 |
| 2021 | $2,181,666 | $48,023 | $32,411 | $13,216 | 2 | $13,216 | — |
| 2020 | $2,166,054 | $50,023 | $13,675 | $10,220 | 2 | — | — |
| 2019 | $2,129,748 | $48,023 | $60,353 | $21,920 | 4 | — | — |
Leadership & Key People
Officers and directors from IRS filings
Lims Dream Foundation's 2025 filing lists 4 officers; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Jee Sook Lim
Trustee
On filings since 2019
No compensation reported
Rae Kyu Jeong
Trustee
On filings since 2019
No compensation reported
Boung Soon Lim
Trustor
On filings since 2019
$18K (2025)
Sang Rock Lim
Trustor
On filings since 2019
$18K (2021) → $0 (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $18K, to Boung Soon Lim (Trustor).
Frequently asked questions about Lims Dream Foundation
How much does Lims Dream Foundation give each year?
Lims Dream Foundation gave $130K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $306K across 3 grants.
How large is Lims Dream Foundation?
Lims Dream Foundation reported $3.0M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $974K.
What is Lims Dream Foundation?
Lims Dream Foundation is a private foundation focused on Human Services, based in Rancho Palos Verdes, CA. It holds $3.0M in total assets as of 2025.
Where does Lims Dream Foundation operate?
Lims Dream Foundation has awarded grants in California, New York, Washington.
What is Lims Dream Foundation's EIN?
Lims Dream Foundation's EIN (Employer Identification Number) is 27-6662545. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Lims Dream Foundation's focus areas in our free grants database
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