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Gen12 2 Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2022. The principal officer is Kyun Park Dir. It holds total assets of $2.6M. Annual income is reported at $1.7M. Total assets have decreased from $3M in 2021 to $2.4M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Gen12 2 Foundation Inc. has made 20 grants totaling $227K, with a median grant of $10K. Annual giving has decreased from $156K in 2022 to $71K in 2023. Individual grants have ranged from $1K to $30K, with an average award of $11K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in New York, Alabama, North Carolina, which account for 80% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Gen12 2 Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in NY, AL, NC.
Gen12 2 Foundation Inc. has distributed a total of $227K across 20 grants. The median grant size is $10K, with an average of $11K. Individual grants have ranged from $1K to $30K.
Gen12 2 Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Gen12 2 Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Catherina Park | PRESIDENT | $0 | $0 | N/A |
| Kyun Park | TREASURER | $0 | $0 | N/A |
| Philip Kim | SECRETARY | $0 | $0 | N/A |
Total Giving
$98K
Total Assets
$2.4M
Fair Market Value
$3M
Net Worth
$2.4M
Grants Paid
$71K
Contributions
N/A
Net Investment Income
$44K
Distribution Amount
$135K
Total: $2.1M
Total Grants
20
Total Giving
$227K
Average Grant
$11K
Median Grant
$10K
Unique Recipients
11
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Korean Charitable SocietyGENERAL FUND | New York, NY | $23K | 2023 |
| Hope For New YorkGENERAL FUND | New York, NY | $10K | 2023 |
| Redeemer Presbyterian Downtown ChurchSUPPORT FOR THE CHURCH | New York, NY | $10K | 2023 |
| United Nations International SchoolEDUCATION | New York, NY | $10K | 2023 |
| Restore NycGENERAL FUND | New York, NY | $8K | 2023 |
| Redeemer University FellowshipCOUNSELING SERVICES | — | $5K | 2023 |
| Reformed University FellowshipGENERAL FUND | Charlotte, NC | $5K | 2023 |
| Campus CrusadeGENERAL FUND | Orlando, FL | $1K | 2023 |
| Radical IncSUPPORT FOR THE CHURCH | Birmingham, AL | $30K | 2022 |
| Loving All NationsSUPPORT FOR THE COMMUNITY | New York, NY | $26K | 2022 |
| Ms104 Simon Baruch PtaEDUCATION | New York, NY | $1K | 2022 |