New Discovery Foundation

Private foundation · Grantmaker Los Angeles, CA EIN: 35-2649154

New Discovery Foundation is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20K in total assets.

Key facts about New Discovery Foundation

EIN
35-2649154
Latest 990 filing
Form 990-PF, 2024
Total assets
$20,194

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$20K

-1.1% YoY

Revenue

—

Net Investment Income

—

Expenses

$217

-99.0% YoY

Under IRS private-foundation payout rules, New Discovery Foundation reported a distributable amount of $995 for 2024 — the minimum it must pay out in qualifying distributions.

How New Discovery Foundation gives

  • Giving grew 150% from 2020 to 2023. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

PasadenaEl MontePomonaCoronaLos AngelesNorcoRiverside

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K12 grants202032 grants20214 grants20227 grants20230 grants2024

From 2020 to 2023, annual grant giving ranged from $8K (2020) to $21K (2021). In 2023 it made 7 grants totaling $20K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

55 grants across all recorded years

55<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 55 grants of 55 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$20K$40K$60K$80K20202021202220232024
Metric202420232022
Total Assets$20,194$20,411$41,451
Revenue——$10,000
Expenses$217$21,040$20,992
Qualifying Distributions—$20,000$20,000
Net Investment Income———
Distributable Amount$995——

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

New Discovery Foundation is led by Jayan Hong, CEO on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Jayan Hong

    CEO

    On filings since 2020

    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 New Discovery Foundation

How large is New Discovery Foundation?

New Discovery Foundation reported $20K in total assets on its 2024 IRS Form 990-PF.

Where does New Discovery Foundation operate?

New Discovery Foundation has awarded grants in California.

How much is New Discovery Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, New Discovery Foundation reported a distributable amount of $995 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is New Discovery Foundation's EIN?

New Discovery Foundation's EIN (Employer Identification Number) is 35-2649154. 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.

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