The Kyupin Philip and C Gemma Hwang
The Kyupin Philip and C Gemma Hwang Foundation is a private foundation based in Los Altos Hills, California. The foundation was established in August 1984 and maintains tax-exempt status.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$53.6M
+13.7% YoY
Annual Giving
$1.8M
-27.6% YoY
Grant Count
9
-25.0% YoY
Avg Grant Size
$204K
-3.5% YoY
Under IRS private-foundation payout rules, The Kyupin Philip and C Gemma Hwang reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making priorities focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in California and Utah, with documented activity in Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $53,648,168 |
| Total Giving (2024) | $1,838,400 |
The foundation's financial data is based on digitized IRS Form 990 filings, with the most recent update from February 8, 2026.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $53,648,168 | $47,194,379 | $40,615,336 |
| Revenue | $6,470,031 | $3,727,840 | $3,942,097 |
| Expenses | $2,340,428 | $2,931,653 | $4,121,441 |
| Qualifying Distributions | $1,838,400 | $2,539,680 | $3,816,900 |
| Net Investment Income | $2,946,696 | $854,733 | $549,571 |
| Distributable Amount | $2,444,775 | $2,100,006 | $2,635,989 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Syngman Rhee Memoria ($1,000,000), Hanyang University International Foundation ($500,000), Utah State University ($300,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SYNGMAN RHEE MEMORIA TORRANCE, CA | GENERAL FUND | $1,000,000 |
| HANYANG UNIVERSITY INTERNATIONAL FOUNDATION OAKLAND, CA | GENERAL FUND | $500,000 |
| UTAH STATE UNIVERSITY LOGAN, UT | EDUCATION | $300,000 |
| ONNURI CHURCH SJ LOS ALTOS, CA | RELIGIOUS | $27,800 |
| KAAG MENLO PARK, CA | GENERAL FUND | $6,000 |
| SVKC SANTA CLARA, CA | GENERAL FUND | $3,000 |
| SANTA CLARA KOREAN AMERICAN CHAMBER OF COMMERCE SAN JOSE, CA | GENERAL FUND | $1,000 |
| KOREAN AMERICAN SENIOR CITIZENS LEAGUE OF SANTA CLARA SAN JOSE, CA | GENERAL FUND | $500 |
| BETHEL FOUNDATION OF SAN JOSE SAN JOSE, CA | RELIGIOUS | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| K PHILIP HWANG | TREASURER | 10 | — |
| C GEMMA HWANG | PRESIDENT/CEO | 10 | — |
| MARI HWANG | DIRECTOR | 10 | — |
| RICHARD KIM | SECRETARY | 10 | — |
Frequently Asked Questions
What does The Kyupin Philip and C Gemma Hwang fund?
The foundation's grant-making priorities focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from The Kyupin Philip and C Gemma Hwang?
**Grant Amounts:** Typical awards range from $100 to $2,000,000. **Recent Activity:** Based on the most recent IRS Form 990 filing (2024), the foundation distributed $1,838,400 in total giving during that fiscal year. **Grant Recipients:** Recent documented recipients include The Salvation Army (Alexandria, VA), which received $100 in 2022.
Where does The Kyupin Philip and C Gemma Hwang make grants?
The foundation primarily funds organizations in California and Utah, with documented activity in Virginia.
What size grants does The Kyupin Philip and C Gemma Hwang award?
In 2024, The Kyupin Philip and C Gemma Hwang awarded 9 grants totaling $1.8M — an average of about $204K per grant, based on its IRS Form 990 filings.
How much is The Kyupin Philip and C Gemma Hwang required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kyupin Philip and C Gemma Hwang reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Kyupin Philip and C Gemma Hwang's EIN?
The Kyupin Philip and C Gemma Hwang's EIN (Employer Identification Number) is 77-0029903. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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