SKM Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in REDONDO BEACH, CA. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $1.5M in total assets. In 2021, it awarded 22 grants totaling $78K. Net investment income was $111K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
$1.5M
+9.6% YoY
Annual Giving
$78K
+130.3% YoY
Grant Count
22
+37.5% YoY
Avg Grant Size
$4K
+67.5% YoY
Under IRS private-foundation payout rules, SKM Foundation reported a distributable amount of $70K for 2021 — the minimum it must pay out in qualifying distributions.
About SKM Foundation
Based on IRS filings
SKM Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in REDONDO BEACH, CA. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $1.5M in total assets. In 2021, it awarded 22 grants totaling $78K. Net investment income was $111K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | $1,525,600 | $1,391,709 |
| Revenue | $217,782 | $138,376 |
| Expenses | $83,891 | $45,402 |
| Qualifying Distributions | $77,636 | — |
| Net Investment Income | $111,180 | $16,698 |
| Distributable Amount | $70,294 | $67,025 |
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 2021
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Overseas Campus Ministry ($14,000), Bread of Life Church ($10,000), Remnant Westside Church ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bread of Life Church Torrance, CA | Religious Support | $10,000 |
| BOL Harvester Torrance, CA | For Religious Support | $2,000 |
| Overseas Campus Ministry Torrance, CA | For Religous Support | $14,000 |
| Amahoro International Rolling Hills, CA | Charitable | $2,000 |
| Peninsula Education Foundation Palos Verdes Estates, CA | Education | $5,966 |
| Intervarsity Christian Fellowship Madison, WI | Religious support | $1,000 |
| True Word Training Center Drexel hill, PA | Religious Support | $2,000 |
| Samaritans Purse Boone, NC | Religious Support | $1,000 |
| The Chosen Generation Bowie, MD | Religious Support | $1,000 |
| CESNA West Covina, CA | Religious Support | $7,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Fen Chen | President | 1 | — |
| Shuxiong Cai | CFO | 1 | — |
| Johnny Ma | Secretary | — | — |
| Linda Q Gao | Director | — | — |
| Feng Lin | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is SKM Foundation?
SKM Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in REDONDO BEACH, CA. It holds $1.5M in total assets as of 2021.
How large is SKM Foundation?
As of 2021, SKM Foundation holds $1.5M in total assets with $218K in annual revenue. It awarded 22 grants totaling $78K in 2021.
Where does SKM Foundation operate?
SKM Foundation has awarded grants in California, Hawaii, Kansas, Maryland, Michigan, North Carolina, New York, Oregon, Pennsylvania, Tennessee, Texas, Wisconsin.
What size grants does SKM Foundation award?
In 2021, SKM Foundation awarded 22 grants totaling $78K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is SKM Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, SKM Foundation reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is SKM Foundation's EIN?
SKM Foundation's EIN (Employer Identification Number) is 47-5645444. IRS Form 990 filing data is available on this page for 2020–2021.
Explore Open Grants
Browse active grant opportunities in SKM Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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