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Korean American Buddhist Foundation Inc. is a private corporation based in ALPINE, NJ. The foundation received its IRS ruling in 1999. The principal officer is % Soon Ja Cho. It holds total assets of $813K. Annual income is reported at $629K. SUPPORT FOR BUDDHIST FOUNDATIONS. According to available records, Korean American Buddhist Foundation Inc. has made 32 grants totaling $125K, with a median grant of $2K. The foundation has distributed between $62K and $63K annually from 2022 to 2023. Individual grants have ranged from $500 to $33K, with an average award of $4K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in New York, New Jersey, Maryland, which account for 50% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
SUPPORT FOR BUDDHIST FOUNDATIONS
Expenses: $58K
SUPPORT FOR UNDERPRIVILEGED PEOPLE IN POOR LIVING CONDITIONS WHICH REPRESENTS BUDDHA'S MERCY
Expenses: $20K
SETTING UP EDUCATIONAL PROGRAMS WHICH WILL INTRODUCE FOREIGN STUDENTS TO AMERICAN BUDDHISM
Expenses: $20K
PROVIDING SCHOLARSHIP TO STUDENTS
Expenses: $5K
SUPPORT FOR BUDDHIST FOUNDATIONS. Based on available records, the foundation has funded 32 grants. Its grantmaking reaches organizations primarily in NY, NJ, MD.
Korean American Buddhist Foundation Inc. has distributed a total of $125K across 32 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $500 to $33K.
The application deadline is NO DEADLINE. IT IS OPEN ALL YEAR LONG.. QUALIFICATION FOR SCHOLARSHIP: 1. A STUDENT SHOULD STUDY SUBJECTS RELATED TO BUDDHISM SO THAT THE STUDENT WILL CONTRIBUTE IN PROPAGATION OF BUDDHISM IN THE U.S. 2. A STUDENT SHOULD HAVE CHARACTER OF A MODEL CITIZEN WITH COMMUNITY SERVICE AND LEADERSHIP. 3. A STUDENT SHOULD BE IN FINANCIAL NEEDS.
Korean American Buddhist Foundation Inc. is headquartered in ALPINE, NJ. While based in NJ, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Il Hwan Cho | PRESIDENT | $0 | $0 | $0 |
| Soon Ja Cho | SECRETARY | $0 | $0 | $0 |
| Mina Hwang | VP | $0 | $0 | $0 |
Total Giving
$88K
Total Assets
$852K
Fair Market Value
$852K
Net Worth
$852K
Grants Paid
$63K
Contributions
$0
Net Investment Income
$80K
Distribution Amount
$0
Total: $467K
Total Grants
32
Total Giving
$125K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
21
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Disabled American VeteransCONTRIBUTION TO GOOD CAUSE | Cincinnatti, OH | $3K | 2023 |
| Won Kak SaCONTRIBUTION TO TEMPLE | Salisbury Mills, NY | $16K | 2023 |
| Center For Food ActionCONTRIBUTION TO GOOD CAUSE | Englewood, NJ | $6K | 2023 |
| Holy Apostle Soup KitchenCONTRIBUTION TO GOOD CAUSE | Toms River, NJ | $6K | 2023 |
| Providence Zen CenterCONTRIBUTION TO TEMPLE | Cumberland, RI |
COSTA MESA, CA
IRVINE, CA
BOVINA CENTER, NY
SAN FRANCISCO, CA
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $5K |
| 2023 |
| Doctors Without BordersCONTRIBUTION TO GOOD CAUSE | Hagerstown, MD | $5K | 2023 |
| Feeding AmericaCONTRIBUTION TO GOOD CAUSE | Washington, DC | $4K | 2023 |
| Miran ChungSCHOLARSHIP FOR BUDDHISM STUDENT | Bronx, NY | $3K | 2023 |
| Paralyzed VeteransCONTRIBUTION TO GOOD CAUSE | Topeka, KS | $2K | 2023 |
| Bodhi Mind Zen CenterCONTRIBUTION TO TEMPLE | Englewood, NJ | $2K | 2023 |
| Jong Suh RheeSCHOLARSHIP FOR BUDDHISM STUDENT | Pinon Hills, CA | $2K | 2023 |
| Harry Truman LibraryCONTRIBUTION TO LIBRARY | Independence, MO | $2K | 2023 |
| Korean School Of New YorkCONTRIBUTION TO COMMUNITY SCHOOL | Woodside, NY | $2K | 2023 |
| Kabjae ChoSCHOLARSHIP FOR BUDDHISM STUDENT | Flushing, NY | $2K | 2023 |
| St Jude Children'S Research HospitCONTRIBUTION TO GOOD CAUSE | New York, NY | $1K | 2023 |
| Hyon A LeeSCHOLARSHIP FOR BUDDHISM STUDENT | New York, NY | $1K | 2023 |
| Mount Washington Elementary SchoolCONTRIBUTION TO ELEMENTARY SCHOOL | Los Angeles, CA | $1K | 2023 |
| Ike Eisenhower FoundationCONTRIBUTION TO GOOD CAUSE | Abilene, KS | $800 | 2023 |
| Friends Of Ai Kwang Won IncCONTRIBUTION TO GOOD CAUSE | Midlothian, VA | $500 | 2023 |
| Borisa Zen CenterCONTRIBUTION TO TEMPLE | Englewood, NJ | $2K | 2022 |
| Bo Kwang SahCONTRIBUTION TO TEMPLE | Portland, OR | $1K | 2022 |
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