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Hong Family Foundation is a private corporation based in BEVERLY HILLS, CA. The foundation received its IRS ruling in 2011. The principal officer is Anthony Kim. It holds total assets of $4M. Annual income is reported at $1.9M. Total assets have grown from $8K in 2011 to $4.2M 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 2016 to 2023. The foundation primarily funds organizations in California, Colorado and Texas. According to available records, Hong Family Foundation has made 20 grants totaling $7.6M, with a median grant of $10K. Annual giving has grown from $1.4M in 2020 to $2.2M in 2023. Grantmaking activity was highest in 2022 with $3.9M distributed across 8 grants. Individual grants have ranged from $1K to $1.4M, with an average award of $378K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in California and Texas and Colorado. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$207K
Largest Grant
$900K
Based on 7 grants from the most recent 990-PF filing.
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.
Hong Family Foundation 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 CA, TX, CO.
Hong Family Foundation has distributed a total of $7.6M across 20 grants. The median grant size is $10K, with an average of $378K. Individual grants have ranged from $1K to $1.4M.
Hong Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hong Family Foundation is headquartered in BEVERLY HILLS, CA. While based in CA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Catherine Hong | Vice President | $0 | $0 | N/A |
| Peter Hong | President | $0 | $0 | N/A |
| Anthony Kim | Treasurer | $0 | $0 | N/A |
Total Giving
$2.2M
Total Assets
$4.2M
Fair Market Value
N/A
Net Worth
$4.2M
Grants Paid
$2.2M
Contributions
$1.9M
Net Investment Income
$81K
Distribution Amount
N/A
Total Grants
20
Total Giving
$7.6M
Average Grant
$378K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ZoeGENERAL | Santa Clarita, CA | $1.4M | 2023 |
| The Church At Rocky PeakGENERAL | Chatsworth, CA | $780K | 2023 |
| Bible Study FellowshipGENERAL | San Antonio, TX | $20K | 2023 |
| Pastor Rick'S Daily HopeGENERAL | Rsm, CA | $10K | 2023 |
| His Hands On AfricaGENERAL | Granada Hills, CA | $10K | 2023 |
| Home On The Green PaturesGENERAL | Tustin, CA | $2K | 2020 |
| Young LifeGENERAL | Colorado Springs, CO | $1K | 2020 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA