The Chung and Soon Pak Family Foundation

LOS ANGELES, CA EIN: 81-4293055

The Chung and Soon Pak Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $8K. Net investment income was $4K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$185K

+4.9% YoY

Annual Giving

$8K

+300.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$8K

+300.0% YoY

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.

About The Chung and Soon Pak Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $56K (100%)

States

California

Cities

Los AngelesRichmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$184,920	$176,299	$194,821
Revenue	$6,226	$9,232	$4,338
Expenses	$9,610	$6,460	$2,000
Qualifying Distributions	$8,820	$4,218	$2,000
Net Investment Income	$3,946	$2,580	$4,338
Distributable Amount	$8,745	$8,949	$331

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Los Angeles Korean United Methodist Church ($8,000).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SOON PAK	PRESIDENT & CEO	4	—
CHUNG H PAK	SECRETARY	4	—
KYONG J PAK	DIRECTOR	1	—
NANCY K PAK	DIRECTOR	1	—
JOANNE K PAK	DIRECTOR	—	—
JESSICA K PAK	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Chung and Soon Pak Family Foundation?

The Chung and Soon Pak Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. It holds $185K in total assets as of 2024.

How large is The Chung and Soon Pak Family Foundation?

As of 2024, The Chung and Soon Pak Family Foundation holds $185K in total assets with $6K in annual revenue. It awarded 1 grants totaling $8K in 2024.

Where does The Chung and Soon Pak Family Foundation operate?

The Chung and Soon Pak Family Foundation has awarded grants in California.

What size grants does The Chung and Soon Pak Family Foundation award?

In 2024, The Chung and Soon Pak Family Foundation awarded 1 grants totaling $8K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is The Chung and Soon Pak Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Chung and Soon Pak Family Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.