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.
Ready to take the next step with Open Stewardship Foundation?
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Cottage Health
SANTA BARBARA, CA
Assets
$172.1M
Grants
6
Total Given
$179K
International Right of Way Association
GARDENA, CA
Assets
$5.7M
Grants
1
Total Given
$9K
Quince Interfaith Housing Corporation
LEMON GROVE, CA
Assets
—
Grants
0
Total Given
—
William & Lillian Schwartz Charitable Foundation
LA JOLLA, CA
Assets
$325K
Grants
1
Total Given
$3K
Covia Foundation
GLENDALE, CA
Assets
$15.2M
Grants
1
Total Given
$4.8M
Yale Ave Housing Inc
LAKE FOREST, CA
Assets
$25K
Grants
1
Total Given
$40K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Open Stewardship Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities