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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. Total assets have decreased from $1.5M in 2013 to $852K in 2023. The foundation is governed by 3 officers and trustees. Support for buddhist foundations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New Jersey and New York. 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.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$4K
Largest Grant
$21K
Based on 17 grants from the most recent 990-PF filing.
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 | N/A |
| Soon Ja Cho | SECRETARY | $0 | $0 | N/A |
| Mina Hwang | VP | $0 | $0 | N/A |
Total Giving
$88K
Total Assets
$852K
Fair Market Value
$852K
Net Worth
$852K
Grants Paid
$63K
Contributions
N/A
Net Investment Income
$80K
Distribution Amount
N/A
Total: $467K
Total Grants
32
Total Giving
$125K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
21
Most Common Grant
$2K
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 | $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 |
| Jong Suh RheeSCHOLARSHIP FOR BUDDHISM STUDENT | Pinon Hills, CA | $2K | 2023 |
| Bodhi Mind Zen CenterCONTRIBUTION TO TEMPLE | Englewood, NJ | $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 |