Peter and Joanna Park Foundation
Peter and Joanna Park Foundation is a private foundation, based in Brooklyn, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.8M in total assets. In 2024, it awarded 2 grants totaling $45K. Net investment income was $431.
Peter and Joanna Park Foundation at a glance
In short: Peter and Joanna Park Foundation gave $45K across 2 grants in 2024 (avg $23K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $45,000
- +45.2% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $22,500
- +45.2% vs 2023
- Median grant
- $22,500
- Total assets
- $7,785,782
- +0.7% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Peter and Joanna Park Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was St Paul Chong Ha-Sang Roman Catholic Church ($25K). Together the top 2 received $45K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Peter and Joanna Park Foundation gives
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 13% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2024, annual grant giving ranged from $11K (2022) to $53K (2021). In 2024 it made 2 grants totaling $45K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Paul Chong Ha-Sang Roman Catholic Church Flushing, NY | Charitable | $25,000 |
| AHL Foundation Inc New York, NY | Charitable | $20,000 |
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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 | $7,785,782 | $100,431 | $47,917 | $45,000 | 2 | $47,909 | $431 | $382,151 |
| 2023 | $7,733,268 | $1,000,547 | $36,174 | $31,000 | 2 | $36,171 | $547 | $357,108 |
| 2022 | $6,768,895 | $500,447 | $17,419 | $11,000 | 2 | $11,000 | $197 | $328,858 |
| 2021 | $6,285,867 | $41 | $62,887 | $53,000 | 4 | $53,000 | $41 | $305,116 |
| 2020 | $6,348,713 | $113,469 | $56,261 | $53,000 | 3 | — | $4,524 | $315,896 |
Under IRS private-foundation payout rules, Peter and Joanna Park Foundation reported a distributable amount of $382K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Peter and Joanna Park Foundation is led by Ki Hyo Park, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ki Hyo Park
President
On filings since 2020
2 hrs/week
No compensation reported
Patricia Park
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Sunok Park
Vice President
On filings since 2020
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 Peter and Joanna Park Foundation
How much does Peter and Joanna Park Foundation give each year?
Peter and Joanna Park Foundation gave $45K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $31K across 2 grants.
How large is Peter and Joanna Park Foundation?
Peter and Joanna Park Foundation reported $7.8M in total assets on its 2024 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $382K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Peter and Joanna Park Foundation operate?
Peter and Joanna Park Foundation has awarded grants in California, New York.
What is Peter and Joanna Park Foundation's EIN?
Peter and Joanna Park Foundation's EIN (Employer Identification Number) is 45-2420876. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 20, 2025)
- IRS filings on file for fiscal years 2020–2024
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