New Discovery Foundation
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.
New Discovery Foundation at a glance
- Total assets
- $20,194
- -1.1% vs 2023
- Expenses (2024)
- $217
- -99.0% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who New Discovery Foundation funds
How this funder distributes its grants
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 55 grants of 55 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How New Discovery Foundation gives
- Giving grew 150% from 2020 to 2023. 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 2023, annual grant giving ranged from $8K (2020) to $21K (2021). In 2023 it made 7 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Flintridge Center Pasadena, CA | Charitable Donation | $5,000 |
| Pasadena Chamber of Commerce Pasadena, CA | Charitable Donation | $5,000 |
| Day One Pasadena, CA | Charitable Donation | $5,000 |
| Doris Dann Kids Campus El Monte, CA | Charitable Donation | $2,000 |
| El Monte Police Dept El Monte, CA | Charitable Donation | $2,000 |
| Inland Valley Hope Partners Pomona, CA | Charitable Donation | $500 |
| Our Saviour Center El Monte, CA | Charitable Donation | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $20,194 | — | $217 | — | — | — | $995 |
| 2023 | $20,411 | — | $21,040 | $20,000 | 7 | $20,000 | — |
| 2022 | $41,451 | $10,000 | $20,992 | $20,000 | 4 | $20,000 | — |
| 2021 | $52,443 | $65,000 | $22,772 | $21,000 | 32 | $21,000 | — |
| 2020 | $10,215 | — | $8,785 | $8,000 | 12 | — | — |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work New Discovery Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in New Discovery Foundation's focus areas in our free grants database
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New Discovery Foundation down — hundreds of funders to go?