Ryu Family Foundation Inc. is a private foundation based in Woodland Park, New Jersey. Founded in 1994, it supports educational scholarships for Korean and Korean American students and other programs intended to pass on its founder’s values of honesty, diligence, and credibility.
Key facts about RYU Family Foundation Inc
- EIN
- 22-3319101
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $1,035,377
- How to apply
- The 2024 filing names Oulsoo Ryu as the contact for application inquiries and lists forms and materials, deadlines, and award restrictions as N/A. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.0M
-2.5% YoY
Revenue
$62K
+18.0% YoY
Qualifying Distributions
$87K
-4.2% YoY
Expenses
$87K
-6.2% YoY
Under IRS private-foundation payout rules, RYU Family Foundation Inc reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.
How RYU Family Foundation Inc gives
- Giving fell 33% from 2021 to 2024. Method
- In 2025 it paid out 275% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The foundation’s stated mission is to empower young Korean Americans through the late Chairman Jae Doo Ryu’s philosophy. Its website describes SeolBong scholarships as financial support for Koreans and Korean Americans pursuing higher education.
The foundation’s 2024 filing describes its March 1 Movement essay contest as helping second-generation Korean American students reflect on the movement’s historical meaning and strengthen cultural identity, while promoting interaction between generations in the Korean American community. The same filing describes a memorial service and digital broadcast intended to share the late chairman’s moral philosophy.
Grantmaking
IRS filing data reports 15 grants totaling $30,000 in 2024, averaging $2,000 per grant. In 2023, it reports 22 grants totaling $44,000, also averaging $2,000. The 2025 filing reports zero grants.
Review Cycle
, and award restrictions as N/A. The website’s posted scholarship application information is for a past cycle.
Ready to take the next step with RYU Family Foundation Inc?
Geographic Focus
Where this funder awards grants
The posted SeolBong Scholarship eligibility criteria listed colleges and universities in Connecticut, the District of Columbia, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and Virginia.
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $30K (2024) to $45K (2021). In 2024 it made 15 grants totaling $30K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 52 grants of 52 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $1,035,377 | $61,515 | $87,411 | 0 |
| 2024 | $1,062,095 | $52,123 | $93,146 | $30,000 (15 grants) |
| 2023 | $1,102,840 | $19,640 | $111,851 | $44,000 (22 grants) |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,035,377 | $1,062,095 | $1,102,840 |
| Revenue | $61,515 | $52,123 | $19,640 |
| Expenses | $87,411 | $93,146 | $111,851 |
| Qualifying Distributions | $87,411 | $91,266 | $109,651 |
| Net Investment Income | $40,747 | $40,643 | $41,062 |
| Distributable Amount | $31,828 | $33,682 | $36,532 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bong Hwang Ryu as director, Oulsoo Ryu as president/treasurer, and Heejoon Lee and Daniel Suh as directors. The foundation’s website identifies Sue Ryu as president and Kwang S James Kim as a director.
RYU Family Foundation Inc is led by Oulsoo Sue Ryu, President since 2025 (on filings since 2021); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Oulsoo Sue Ryu
President
Presidenttreasurer → President, 2025
On filings since 2021
No compensation reported
Bong Hwang Ryu
Director
On filings since 2021
No compensation reported
Daniel Suh
Director
On filings since 2023
No compensation reported
Heejoon Lee
Director
New on the 2025 filing
No compensation reported
Former officers (2)
- Former: Heejun Lee (2021–2024) — Director
- Former: Paul Chang (2021–2024) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Oulsoo Ryu
Mailing address: 31 Cedarwood Ter, Woodland Park, NJ 07424
Phone: (646) 535-0317
Email: info@ryufoundation.org
Website: https://www.ryufoundation.org
Frequently asked questions about RYU Family Foundation Inc
How large is RYU Family Foundation Inc?
RYU Family Foundation Inc reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $87K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).
What does RYU Family Foundation Inc fund?
The foundation’s stated mission is to empower young Korean Americans through the late Chairman Jae Doo Ryu’s philosophy. Its website describes SeolBong scholarships as financial support for Koreans and Korean Americans pursuing higher education. See mission & focus areas ↑
How do I apply for a grant from RYU Family Foundation Inc?
The 2024 filing names Oulsoo Ryu as the contact for application inquiries and lists forms and materials, deadlines, and award restrictions as N/A. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does RYU Family Foundation Inc make grants?
The posted SeolBong Scholarship eligibility criteria listed colleges and universities in Connecticut, the District of Columbia, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and Virginia.
What is RYU Family Foundation Inc's EIN?
RYU Family Foundation Inc's EIN (Employer Identification Number) is 22-3319101. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching RYU Family Foundation Inc by hand.
Explore Open Grants
Browse active grant opportunities in RYU Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Robert Wood Johnson Foundation
Princeton, NJ
The Robert Wood Johnson Foundation funds work to improve health and health equity in the United States, including health policy, community health, prevention, and social justice. In 2024, its grants ranged from $125 to $12.15 million, with a median of $40,000, and went to recipients across multiple states. The profile does not state whether it accepts unsolicited requests.
Assets
$13.4B
Grants
3,093
Total Given
$622.6M
Community Foundation of New Jersey
Morristown, NJ
The Community Foundation of New Jersey supports nonprofits and projects across arts, education, environment, health and human services, and social welfare. Its 2024 itemized grants had a median of about $19,800, though awards varied widely; funding went to organizations in multiple states, with 32% of itemized grant dollars going to New Jersey. It accepts applications for specific opportunities, and its FAQ encourages eligible New Jersey 501(c)(3) nonprofits to apply; requirements vary by opportunity.
Assets
$1.0B
Grants
1,321
Total Given
$93.8M
Crane Fund for Widows and Children
Englewood Cliffs, NJ
The Crane Fund for Widows and Children supports local charities, agencies, and schools addressing needs such as food insecurity, housing, education, health, environmental protection, and animal welfare in communities where Crane Company operates or its associates have connections. In 2024, grants ranged from $2,000 to $45,000, with a median of $4,500; it funds organizations in multiple states. The fund contributes only to preselected organizations and does not accept unsolicited requests.
Assets
—
Grants
985
Total Given
$4.5M
Oceanfirst Foundation
Toms River, NJ
OceanFirst Foundation funds nonprofits working in economic stability, youth development, health and wellness, housing, education, and community quality of life, including scholarships, summer camps, and flexible support. It serves communities in OceanFirst Bank’s New Jersey footprint; 2025 grants ranged from $50 to $55,000, with a median of $2,200. It accepts unsolicited requests, and deadlines vary by program.
Assets
$6.1M
Grants
425
Total Given
$1.6M
The Hyde and Watson Foundation
Warren Township, NJ
The Hyde and Watson Foundation funds one-time capital needs—such as construction, renovations, equipment, and furnishings—for eligible nonprofits working in human services, education, health, arts and culture, and the environment. Most grants are $5,000–$20,000, and it primarily serves New York City and Essex, Morris, and Union counties in New Jersey; the profile does not state whether unsolicited requests are accepted.
Assets
$88.2M
Grants
611
Total Given
$6.1M
Princeton Area Community Foundation Inc
Princeton, NJ
Princeton Area Community Foundation funds nonprofits working in education, basic needs, health, housing, arts, the environment, and nonprofit capacity, with priorities including poverty and the needs of children, families, and communities. Its 2024 median grant was $15,000, and its discretionary programs focus on Greater Mercer County and central New Jersey, though donor-recommended grants may support nonprofits elsewhere. Eligible regional nonprofits may apply through competitive programs such as the Community Impact Grants.
Assets
$279.6M
Grants
515
Total Given
$31.3M
United Way of Bergen County
Paramus, NJ
United Way of Bergen County focuses on developing affordable housing for seniors, veterans, working families, and adults with disabilities, and connecting New Jersey residents with health and human-service resources through NJ211. In 2025, its 377 reported grants ranged from $5,001 to $1,847,204, with a median of $9,010; many were donor-designated, and recipients were located in multiple states. The profile does not state whether it accepts unsolicited grant requests.
Assets
$31.9M
Grants
377
Total Given
$7.0M
Columbia Bank Foundation
Fair Lawn, NJ
Columbia Bank Foundation supports local community programs, including affordable housing, economic development, financial literacy, health and human services, food security, environmental sustainability, and the arts. Its 2025 grants had a median of $2,500, while current program ranges are $1,000–$4,999 for micro grants, $7,500–$15,000 for community grants, and $5,000–$25,000 for housing grants; it primarily funds New Jersey organizations.
Assets
$42.6M
Grants
319
Total Given
$1.7M
American Water Charitable Foundationinc
Camden, NJ
The American Water Charitable Foundation funds water and environmental projects, as well as work in education, workforce readiness, and community support; its 2025 grants had a median of $5,000 and ranged from $500 to $614,954. Applicants must operate in or directly benefit an American Water service territory, and giving is not restricted to preselected organizations; some programs are invitation-only.
Assets
$81.8M
Grants
374
Total Given
$5.5M
Jewish Community Foundation of Greater Metrowest NJ
Whippany, NJ
The Jewish Community Foundation of Greater MetroWest NJ supports Jewish and broader-community causes, including local Jewish education, older-adult services, synagogue engagement, and specified needs in Israel; it also makes grants nationally and internationally. Its 2025 grants had a median of $17,400, while its local program offers up to $15,000–$20,000 depending on category. It accepts applications from eligible agencies and synagogues for its local program during a stated application period, and from qualifying organizations for Israel grants each spring.
Assets
$648.3M
Grants
407
Total Given
$29.3M
Community Food Bank Of New Jersey Inc
Hillside, NJ
The Community Food Bank of New Jersey funds community organizations addressing hunger and food insecurity, including food distribution, nutrition, and related support programs. Its 2025 grants ranged from $5,660 to $399,494, with a median of $20,000; nearly all funding went to organizations in New Jersey. The profile does not state whether it accepts unsolicited requests.
Assets
$125.2M
Grants
705
Total Given
$151.0M
KPMG US Foundation Inc
Montvale, NJ
KPMG US Foundation supports education, mental health, community vitality, and community relief and resilience, with grants distributed across the United States. Its 2025 grants had a median of $25,000, though amounts ranged from about $5,000 to $2.2 million. The available information does not say whether it accepts unsolicited requests.
Assets
$12.4M
Grants
387
Total Given
$33.5M
More Funders in New Jersey
RYU Family Foundation Inc down — hundreds of funders to go?