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Chon Family Foundation Inc. is a private corporation based in ALPINE, NJ. The foundation received its IRS ruling in 2014. It holds total assets of $864K. Annual income is reported at $406K. DIRECT GRANTS AND CONTRIBUTIONS PAID TO CHARITABLE ORGANIZATIONS. According to available records, Chon Family Foundation Inc. has made 20 grants totaling $118K, with a median grant of $5K. Annual giving has grown from $30K in 2021 to $64K in 2023. Individual grants have ranged from $500 to $20K, with an average award of $6K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Colorado, which account for 85% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
DIRECT GRANTS AND CONTRIBUTIONS PAID TO CHARITABLE ORGANIZATIONS
Expenses: $24K
DIRECT GRANTS AND CONTRIBUTIONS PAID TO CHARITABLE ORGANIZATIONS. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in NJ, NY, CO.
Chon Family Foundation Inc. has distributed a total of $118K across 20 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $500 to $20K.
Chon Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Chon Family Foundation Inc. is headquartered in ALPINE, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jason Chon | OFFICER | $0 | $0 | $0 |
| Julie Park-Chon | OFFICER | $0 | $0 | $0 |
| Justin Song | OFFICER | $0 | $0 | $0 |
Total Giving
$74K
Total Assets
$774K
Fair Market Value
$1M
Net Worth
$774K
Grants Paid
$64K
Contributions
$0
Net Investment Income
$70K
Distribution Amount
$40K
Total: $708K
Total Grants
20
Total Giving
$118K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
12
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Vision UsaTO ASSIST PURPOSE OF DONEE ORGANIZAT | West Alexandria, OH | $1K | 2023 |
| Ny Nanum FoundationTO ASSIST PURPOSE OF DONEE ORGANIZAT | Northvale, NJ | $10K | 2023 |
| Korean Community CenterTO ASSIST PURPOSE OF DONEE ORGANIZAT | Tenafly, NJ | $10K | 2023 |
| EnobTO ASSIST PURPOSE OF DONEE ORGANIZAT | Long Island City, NY | $10K | 2023 |
| Give ChancesTO ASSIST PURPOSE OF DONEE ORGANIZAT | Northvale, NJ |
FT LAUDERDALE, FL
NEW YORK, NY
LAS VEGAS, NV
FORT LEE, NJ
LAWRENCE, NY
| 2018 | 990PF | View |
| 2016 | 990PF | View |
| $10K |
| 2023 |
| Korean-American Youth AssisstanceTO ASSIST PURPOSE OF DONEE ORGANIZAT | Englewood Cliffs, NJ | $7K | 2023 |
| Korean Sports Association Of NyTO ASSIST PURPOSE OF DONEE ORGANIZAT | Flushing, NY | $5K | 2023 |
| America Korea United SocietyTO ASSIST PURPOSE OF DONEE ORGANIZAT | Englewood Cliffs, NJ | $5K | 2023 |
| Compassion InternationalTO ASSIST PURPOSE OF DONEE ORGANIZAT | Colorado Springs, CO | $2K | 2023 |
| Korean American Youth FoundationTO ASSIST PURPOSE OF DONEE ORGANIZAT | Flushing, NY | $2K | 2023 |
| Global Children FoundationTO ASSIST PURPOSE OF DONEE ORGANIZAT | San Francisco, CA | $2K | 2023 |
| The Underwood Orchestra IncTO ASSIST PURPOSE OF DONEE ORGANIZAT | Allendale, NJ | $500 | 2023 |
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