Open Stewardship Foundation
The Open Stewardship Foundation is a private foundation based in Los Angeles, California, established in 2011 by Open Bank. The foundation operates as a philanthropic vehicle to distribute charitable funds to nonprofit organizations serving communities across the United States. Open Bank, a California state-chartered bank headquartered in Los Angeles, created the foundation to support its commitment to giving back to the communities it serves.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$451K
-11.1% YoY
Grant Count
80
+12.7% YoY
Avg Grant Size
$6K
-21.1% YoY
Mission & Focus Areas
The Open Stewardship Foundation's primary objectives are to actively support local civic, Christian, and public service organizations and schools that advance education, help the needy, provide medical services, feed the hungry, or offer other charitable or public benefit services.
The foundation practices its charitable mission through a commitment to donate ten percent of Open Bank's profits to the Open Stewardship Foundation each year, which are then distributed to eligible organizations.
Grantmaking
The foundation is highly active in grantmaking. In 2024, the foundation made 347 grants totaling approximately $322,500 in documented grants. Recent grant recipients include:
Grant Range
s vary, with documented awards ranging from $10,000 to $15,000 in recent years.
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Geographic Focus
Where this funder awards grants
The foundation supports organizations in California, New York, and Texas, with particular activity in major metropolitan areas including Los Angeles, New York, and Dallas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $10,109,569
- Total revenues: $2,255,207
- Total expenses: $593,810
- Number of employees: 0 (volunteer-led organization)
As of an earlier fiscal year:
- Total assets: $8,448,172
- Total revenues: $3,278,891
- Total expenses: $546,955
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Circle of Friends in Love ($20,000), American Wheat (milal) Mission ($15,000), Good Neighbors Usa ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ABC EDUCATION FOUNDATION CERRITOS, CA | PROMOTE EDUCATION | $5,000 |
| ACCOMPANY WORLDWIDE LOS ANGELES, CA | HELP WOMEN IN NEED | $8,000 |
| ALL NATIONS CHURCH GROWING UP TUJUNGA, CA | EDUCATING AND NURTURING STUDENTS | $2,500 |
| ALTOGETHER IN LOVE BUENA PARK, CA | PRIORITIZING SENIOR'S HEALTH | $5,000 |
| AMERICAN ACUPUNTURE & ALTERNATIVE LOS ANGELES, CA | MEDICAL EDUCATION, MISSION & SERVICE | $3,000 |
| AMERICAN WHEAT (MILAL) MISSION SANTA FE SPRINGS, CA | SUMMER AGAPE CAMP | $15,000 |
| ASIAN-AMERICAN JOB TRAINING CENTER LOS ANGELES, CA | UPGRADING EDUCATIONAL EQUIPMENTS | $10,000 |
| BRIDGEWAY FAMILY LIFE CENTER BUENA PARK, CA | COUNSELING PSYCHOLOGY PROGRAM | $5,000 |
| CAL GIVE FOUNDATION FULLERTON, CA | EDUCATING UNDERPIVILLAGED CHILDREN | $3,000 |
| CALEB MISSION FOR THE DISABLED BELL GARDENS, CA | FOOD FOR HOMELESS & SENIOR EDUCATION | $3,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership includes:
- Brian Choi — Chairman
- Christine Oh — President
- Jaehyun Park — Chief Financial Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN CHOI | CHAIRMAN | 1 | — |
| ERNEST DOW | DIRECTOR | 1 | — |
| MIN J KIM | DIRECTOR | 1 | — |
| SOO HUN JUNG | DIRECTOR | 1 | — |
| YONG SIN SHIN | DIRECTOR | 1 | — |
| CHRISTINE OH | PRESIDENT | 1 | — |
| JAEHYUN PARK | CFO | 1 | — |
| JAEHWAN SEONG | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking operations, with 2024 representing a year of significant grant distribution across 347 organizations. The foundation's work reflects Open Bank's ongoing commitment to community stewardship and charitable giving.
Linux Foundation Launches $12.5M Grants to Boost Open Source Innovation -Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Open Stewardship Foundation fund?
The Open Stewardship Foundation's primary objectives are to actively support local civic, Christian, and public service organizations and schools that advance education, help the needy, provide medical services, feed the hungry, or offer other charitable or public benefit services. The foundation practices its charitable mission through a commitment to donate ten percent of Open Bank's profits to the Open Stewardship Foundation each year, which are then distributed to eligible organizations.
How do I apply for a grant from Open Stewardship Foundation?
The foundation is highly active in grantmaking. In 2024, the foundation made 347 grants totaling approximately $322,500 in documented grants. Recent grant recipients include: • Good Neighbors USA ($15,000) — Homeless/domestic violence shelter support • Hanmi Family Counseling Center ($10,000) — Aging well and senior supportive services • Hope Sight Mission Association ($10,000) — Upgrading educational equipment Grant sizes vary, with documented awards ranging from $10,000 to $15,000 in recent y…
Where does Open Stewardship Foundation make grants?
The foundation supports organizations in California, New York, and Texas, with particular activity in major metropolitan areas including Los Angeles, New York, and Dallas.
What size grants does Open Stewardship Foundation award?
In 2024, Open Stewardship Foundation awarded 80 grants totaling $451K — an average of about $6K per grant, based on its IRS Form 990 filings.
What is Open Stewardship Foundation's EIN?
Open Stewardship Foundation's EIN (Employer Identification Number) is 45-3682002. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Open Stewardship Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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