The Korea Center for Culture and is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $16K. Net investment income was $47K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+146.5% YoY
Annual Giving
$16K
-36.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$5K
-36.8% YoY
Under IRS private-foundation payout rules, The Korea Center for Culture and reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About The Korea Center for Culture and
Based on IRS filings
The Korea Center for Culture and is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $16K. Net investment income was $47K.
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 | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $1,063,020 | $431,178 | $437,900 |
| Revenue | $558,239 | $116,797 | $23,389 |
| Expenses | $35,601 | $31,249 | $6,150 |
| Qualifying Distributions | $16,000 | $25,300 | — |
| Net Investment Income | $47,352 | $16,797 | $23,389 |
| Distributable Amount | $39,044 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 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 Korea Youth Promotion Assocation of ($10,000), Esther Ha Foundation ($5,000), Asian Women's Christian Association ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ESTHER HA FOUNDATION BAYSIDE, NY | TO PROVIDE MENTAL HEALTH SUPPORT | $5,000 |
| ASIAN WOMEN'S CHRISTIAN ASSOCIATION TEANECK, NJ | TO SUPPORT SOCIAL SERVICES EDUCATION | $1,000 |
| KOREA YOUTH PROMOTION ASSOCATION OF FLUSHING, NY | TO SUPPORT CULTURAL EXCHANGE PROGRAM | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AGNES KIM | TRUSTEE | 0.5 | — |
| LESLIE HONG AI BAI | TRUSTEE | 0.5 | — |
| RYAN PAK | PRESIDENT | 1 | — |
| ALBERT PAK | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Korea Center for Culture and?
The Korea Center for Culture and is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. It holds $1.1M in total assets as of 2024.
How large is The Korea Center for Culture and?
As of 2024, The Korea Center for Culture and holds $1.1M in total assets with $558K in annual revenue. It awarded 3 grants totaling $16K in 2024.
Where does The Korea Center for Culture and operate?
The Korea Center for Culture and has awarded grants in New Jersey, New York.
What size grants does The Korea Center for Culture and award?
In 2024, The Korea Center for Culture and awarded 3 grants totaling $16K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Korea Center for Culture and required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Korea Center for Culture and reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Korea Center for Culture and's EIN?
The Korea Center for Culture and's EIN (Employer Identification Number) is 11-3530016. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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