Okjoo Foundation
Okjoo Foundation is a private foundation, based in Las Vegas, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.1M in total assets. In 2024, it awarded 2 grants totaling $426K. Net investment income was $770K.
Okjoo Foundation at a glance
In short: Okjoo Foundation gave $426K across 2 grants in 2024 (avg $213K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $426,000
- Grants made (2024)
- 2
- Average grant
- $213,000
- Median grant
- $213,000
- Total assets
- $9,110,876
- +16.3% vs 2023
- Primary geography
- Pennsylvania (94% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Okjoo Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was National Philanthropic Trust ($400K). Together the top 2 received $426K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Okjoo Foundation gives
- Giving grew 4160% from 2021 to 2024. Method
- In 2024 it paid out 124% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $1K (2022) to $426K (2024). In 2024 it made 2 grants totaling $426K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Philanthropic Trust Jenkintown, PA | Charitable purposes | $400,000 |
| Milal Mission Santa Fe Springs, CA | To serve people with developmental disabilities | $26,000 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,110,876 | $830,476 | $591,028 | $426,000 | 2 | $530,522 | $769,970 | $429,221 |
| 2023 | $7,836,860 | $90,125 | $141,193 | — | — | — | $212,625 | — |
| 2022 | $7,793,424 | $-167,980 | $168,204 | $1,074 | Total only | — | $-167,980 | — |
| 2021 | $9,372,638 | $2,073,106 | $147,913 | $10,000 | 1 | — | $2,073,106 | — |
| 2020 | $8,493,615 | $393,925 | $25,311 | — | — | — | $393,925 | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Under IRS private-foundation payout rules, Okjoo Foundation reported a distributable amount of $429K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Okjoo Foundation is led by Seung Jae Lee, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Seung Jae Lee
President
On filings since 2020
2 hrs/week
No compensation reported
Andrew Je
CFO
On filings since 2022
2 hrs/week
No compensation reported
Joshua H. Lee
Secretary
On filings since 2022
2 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 Okjoo Foundation
How much does Okjoo Foundation give each year?
Okjoo Foundation gave $426K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is Okjoo Foundation?
Okjoo Foundation reported $9.1M in total assets on its 2024 IRS Form 990-PF. It paid out $531K in qualifying distributions that year, against a required minimum of $429K (roughly 5% of its investment assets).
Where does Okjoo Foundation operate?
Okjoo Foundation has awarded grants in California, Pennsylvania.
What is Okjoo Foundation's EIN?
Okjoo Foundation's EIN (Employer Identification Number) is 82-4524665. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- IRS filings on file for fiscal years 2020–2024
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