The Steve Y Kim Foundation is a private foundation based in Los Angeles, California, established in 2000. It operates as a 501(c)(3) organization with no employees and functions as a grantmaking entity focused on supporting charitable causes primarily in California.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.6M
-2.5% YoY
Annual Giving
$740K
-36.7% YoY
Grant Count
2
-89.5% YoY
Avg Grant Size
$370K
+501.3% YoY
Mission & Focus Areas
The foundation does not have a publicly stated mission statement on record. However, based on recent grantmaking activity, the foundation supports organizations working in:
- Education
- Philanthropy and voluntarism
- Human services
- Community development
- Community service projects
- Housing
Grantmaking
The foundation made 19 grants in 2023, with total giving of $740,000. Typical grant awards range from $2,000 to $1,200,000.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in California, with particular activity in the Los Angeles area and surrounding regions.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $22,178,321
- Total Revenues: $9,003,742
- Total Expenses: $1,872,469
- Investment Income and Dividends: $2,281,314
- Net Gain from Sale of Non-Inventory Assets: $6,722,428
As of Most Recent Filing (2024):
- Total Assets: $21,630,261
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,630,261 | $22,178,321 | $28,063,230 |
| Revenue | $213,828 | $9,003,742 | $1,845,359 |
| Expenses | $801,052 | $1,872,469 | $2,058,360 |
| Qualifying Distributions | $740,000 | $1,169,059 | $1,748,953 |
| Net Investment Income | $152,641 | $1,577,904 | $1,475,548 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dream Hope Future Foundation ($720,000), Global Medical Missions Alliance ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DREAM HOPE FUTURE FOUNDATION | Sponsorship | $720,000 |
| GLOBAL MEDICAL MISSIONS ALLIANCE FOUNTAIN VALLEY, CA | GENERAL | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Steve Y Kim (President)
- Hwa Seel Lee
Founder Background: Steve Y Kim is a distinguished entrepreneur and philanthropist. He earned his undergraduate degree from Sogang University in Seoul, South Korea, and immigrated to the United States in 1976 at age 27. He earned his master's degree in Electrical Engineering from California State University, Los Angeles in 1979. Mr. Kim founded two successful technology startups—Fibermux (fiber optics) and Xylan (network switches)—both of which were subsequently sold. He established the Steve Y Kim Foundation in 2000. In 2020, he established the $50,000 Steve Y Kim Scholarship Fund at Cal State LA's College of Engineering, Computer Science, and Technology to support student scholarships.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVE Y KIM | President | 12 | — |
| HWA SEEL LEE | Secretary | 8 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Steve Y Kim Foundation fund?
The foundation does not have a publicly stated mission statement on record. However, based on recent grantmaking activity, the foundation supports organizations working in: • Education • Philanthropy and voluntarism • Human services • Community development • Community service projects • Housing
How do I apply for a grant from The Steve Y Kim Foundation?
**Grant Activity:** The foundation made 19 grants in 2023, with total giving of $740,000. Typical grant awards range from $2,000 to $1,200,000. **Recent Grants (2023):** • Happy Village: $30,000 (Donation) • Soroptimist International of the Americas - Greater Santa Clarita Valley: $10,000 (Sponsorship) • Child and Family Center: $10,000 (Donation) • Los Angeles Symphony: $3,000 (General support)
Where does The Steve Y Kim Foundation make grants?
The foundation's grantmaking is primarily concentrated in California, with particular activity in the Los Angeles area and surrounding regions.
What size grants does The Steve Y Kim Foundation award?
In 2024, The Steve Y Kim Foundation awarded 2 grants totaling $740K — an average of about $370K per grant, based on its IRS Form 990 filings.
What is The Steve Y Kim Foundation's EIN?
The Steve Y Kim Foundation's EIN (Employer Identification Number) is 95-4748701. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Steve Y Kim Foundation's focus areas in our free grants database
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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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