MIAMI BEACH, FL

Ko Family Foundation

Quick Facts

EIN: 274250775
Location: MIAMI BEACH, FL
Phone: (678) 520-8988
Category: Philanthropy & Grantmaking
Total Assets: $2.2M
Annual Income: $828K
IRS Ruling Year: 2013
Organization Type: Non-Operating Foundation
Principal Officer: % Patrick Ko
Tax Deductibility: Contributions are deductible

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About This Foundation

Ko Family Foundation is a private trust based in MIAMI BEACH, FL. The foundation received its IRS ruling in 2013. The principal officer is % Patrick Ko. It holds total assets of $2.2M. Annual income is reported at $828K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Ko Family Foundation has made 12 grants totaling $648K, with a median grant of $8K. Annual giving has grown from $145K in 2021 to $503K in 2022. Individual grants have ranged from $3K to $200K, with an average award of $54K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in New York and Georgia and Illinois. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Frequently Asked Questions

What does Ko Family Foundation fund?

Ko Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NY, GA, IL.

How much does Ko Family Foundation give in grants?

Ko Family Foundation has distributed a total of $648K across 12 grants. The median grant size is $8K, with an average of $54K. Individual grants have ranged from $3K to $200K.

How do I apply for a grant from Ko Family Foundation?

Ko Family Foundation typically selects its grantees rather than accepting unsolicited proposals.

Where is Ko Family Foundation located?

Ko Family Foundation is headquartered in MIAMI BEACH, FL. While based in FL, the foundation distributes grants to organizations across 3 states.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Patrick J Ko	TRUSTEE	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$95K

2023-68%

Total Assets

$2.2M

2023-9%

Fair Market Value

$3.8M

2023

Net Worth

$2.2M

2023

Grants Paid

$54K

2023

Contributions

2023

Net Investment Income

2023

Distribution Amount

$172K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2023)

Revenue Sources (2023)

Dividends: $35K
Interest: $9K
Capital Gains (Net): $-141,671

Financial Details (2023)

Total Revenue: $-96,838
Total Expenses: $95K
Exempt Purpose Expenses: $54K
Required Distribution: $172K
Undistributed Income: $120K
Total Liabilities: $1

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$648K

Average Grant

$54K

Median Grant

$8K

Unique Recipients

Most Common Grant

$3K

Grant Disbursements by Year

Grant Range

Min$3K

Max$200K

Median: $8K

Smallest grantLargest grant

Openness to New Grantees (2022)

of 2022 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

NY$400K (2)

GA$236K (7)

IL$12K (3)

Past Grantees

Recipient	Location	Amount	Year
Morgan Stanley Global Impact Funding Trust IncGLOBAL IMPACT	Purchase, NY	$200K	2022
Johnson Ferry Baptist ChurchRELIGIOUS	Marietta, GA	$45K	2022
Alzheimer'S AssociationMEDICAL	Chicago, IL	$4K	2022
Make A Wish FoundationCIVIC	Atlanta, GA	$3K	2022
Gsu FoundationEDUCATIONAL	Atlanta, GA	$125K	2021