The Chung and Soon Pak Family Foundation
The Chung and Soon Pak Family Foundation is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $185K in total assets. In 2024, it awarded 1 grant totaling $8K. Net investment income was $4K.
The Chung and Soon Pak Family Foundation at a glance
In short: The Chung and Soon Pak Family Foundation gave $8K across 1 grant in 2024 (avg $8K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,000
- +300.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $8,000
- +300.0% vs 2023
- Median grant
- $8,000
- Total assets
- $184,920
- +4.9% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Chung and Soon Pak Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Los Angeles Korean United Methodist Church ($8K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Chung and Soon Pak Family Foundation gives
- Giving fell 80% from 2021 to 2024. Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). 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 $2K (2022) to $39K (2021). In 2024 it made 1 grant totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Los Angeles Korean United Methodist Church Los Angeles, CA | To help the church carry out their mission of helping people. | $8,000 |
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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 | $184,920 | $6,226 | $9,610 | $8,000 | 1 | $8,820 | $3,946 | $8,745 |
| 2023 | $176,299 | $9,232 | $6,460 | $2,000 | 1 | $4,218 | $2,580 | $8,949 |
| 2022 | $194,821 | $4,338 | $2,000 | $2,000 | 1 | $2,000 | $4,338 | $331 |
| 2021 | $190,488 | $6,003 | $42,622 | $39,100 | 2 | $40,861 | $720 | $10,000 |
| 2020 | $182,518 | $21 | $5,000 | $5,000 | 1 | — | $21 | $9,028 |
Under IRS private-foundation payout rules, The Chung and Soon Pak Family Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Chung and Soon Pak Family Foundation is led by Soon Pak, President & CEO on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Soon Pak
President & CEO
On filings since 2020
4 hrs/week
No compensation reported
Jessica K. Pak
Director
On filings since 2020
No compensation reported
Joanne K. Pak
Director
On filings since 2020
No compensation reported
Kyong J. Pak
Director
On filings since 2020
1 hr/week
No compensation reported
Nancy K. Pak
Director
On filings since 2020
1 hr/week
No compensation reported
Chung H. Pak
Secretary
On filings since 2020
4 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 The Chung and Soon Pak Family Foundation
How much does The Chung and Soon Pak Family Foundation give each year?
The Chung and Soon Pak Family Foundation gave $8K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 1 grant.
How large is The Chung and Soon Pak Family Foundation?
The Chung and Soon Pak Family Foundation reported $185K in total assets on its 2024 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets).
Where does The Chung and Soon Pak Family Foundation operate?
The Chung and Soon Pak Family Foundation has awarded grants in California.
What is The Chung and Soon Pak Family Foundation's EIN?
The Chung and Soon Pak Family Foundation's EIN (Employer Identification Number) is 81-4293055. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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