Won Sook Chung Foundation
Won Sook Chung Foundation is a private foundation, based in Moorestown, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 1 grant totaling $45K. Net investment income was $542K.
Won Sook Chung Foundation at a glance
In short: Won Sook Chung Foundation gave $45K across 1 grant in 2024 (avg $45K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $45,311
- +91.5% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $45,311
- +91.5% vs 2023
- Median grant
- $45,311
- Total assets
- $2,720,640
- +7.7% vs 2023
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Won Sook Chung Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Rowan University ($45K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (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 Won Sook Chung Foundation gives
- In 2024 it paid out 158% 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 2023 to 2024, annual grant giving ranged from $24K (2023) to $45K (2024). In 2024 it made 1 grant totaling $45K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rowan University Glassboro, NJ | Brandon Hickson-Tuition Fees | $45,311 |
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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 | $2,720,640 | $546,696 | $351,729 | $45,311 | 1 | $340,955 | $542,269 | $216,057 |
| 2023 | $2,525,673 | $25,410 | $405,199 | $23,666 | 1 | $393,032 | $20,479 | $186,683 |
| 2022 | $2,905,462 | $-314,657 | $435,553 | — | — | $426,079 | $3,282 | $208,524 |
| 2021 | $3,655,672 | $258,151 | $485,300 | — | — | $436,677 | $257,741 | $250,903 |
| 2020 | $3,882,821 | $1,633,693 | $390,631 | — | — | — | $1,631,476 | $190,941 |
Under IRS private-foundation payout rules, Won Sook Chung Foundation reported a distributable amount of $216K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Won Sook Chung Foundation is led by Myung K. Chung, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Myung K. Chung
President
On filings since 2020
1 hr/week
No compensation reported
Christina Chung
Trustee
On filings since 2020
1 hr/week
No compensation reported
Danielle Chung
Trustee
On filings since 2020
1 hr/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 Won Sook Chung Foundation
How much does Won Sook Chung Foundation give each year?
Won Sook Chung Foundation gave $45K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $24K across 1 grant.
How large is Won Sook Chung Foundation?
Won Sook Chung Foundation reported $2.7M in total assets on its 2024 IRS Form 990-PF. It paid out $341K in qualifying distributions that year, against a required minimum of $216K (roughly 5% of its investment assets).
Where does Won Sook Chung Foundation operate?
Won Sook Chung Foundation has awarded grants in New Jersey.
What is Won Sook Chung Foundation's EIN?
Won Sook Chung Foundation's EIN (Employer Identification Number) is 45-4376799. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Won Sook Chung Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Won Sook Chung Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/won-sook-chung-foundation-morg_428ae4fec7904c5bbcc69f2da95e2333
BibTeX
@misc{grantable_454376799_2026,
author = {{Grantable}},
title = {{Won Sook Chung Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/won-sook-chung-foundation-morg_428ae4fec7904c5bbcc69f2da95e2333},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Won Sook Chung Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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