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Kwon Foundation Inc. is a private corporation based in PRT WASHINGTN, NY. The foundation received its IRS ruling in 2016. It holds total assets of $169K. Annual income is reported at $406K. Total assets have grown from $4K in 2019 to $155K in 2023. The foundation is governed by 3 officers and trustees. 1)college student scholarship 2)churches and religious organizations 3)general charitable purposes 4)donation to other 501(c)(3) organizations. 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, Kwon Foundation Inc. has made 24 grants totaling $57K, with a median grant of $500. Individual grants have ranged from N/A to $42K, with an average award of $2K. The foundation has supported 24 unique organizations. The foundation primarily supports organizations in Virginia, New York, New Jersey, which account for 83% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
1)college student scholarship 2)churches and religious organizations 3)general charitable purposes 4)donation to other 501(c)(3) organizations
Expenses: $57K
1)college student scholarship 2)churches and religious organizations 3)general charitable purposes 4)donation to other 501(c)(3) organizations. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in VA, NY, NJ.
Kwon Foundation Inc. has distributed a total of $57K across 24 grants. The median grant size is $500, with an average of $2K. Individual grants have ranged from N/A to $42K.
Kwon Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Kwon Foundation Inc. is headquartered in PRT WASHINGTN, NY. While based in NY, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Min Ok Kwon | TREASURER/SE | $0 | $0 | N/A |
| Young Kook Kwon | DIRECTOR | $0 | $0 | N/A |
| Tae Jin Kwon | PRESIDENT | $0 | $0 | N/A |
Total Giving
$396K
Total Assets
$155K
Fair Market Value
$4.6M
Net Worth
N/A
Grants Paid
$37K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$95K
Total Grants
24
Total Giving
$57K
Average Grant
$2K
Median Grant
$500
Unique Recipients
24
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyCANCER RESEARCH SUPPORT | Staten Island, NY | $100 | 2022 |
| Korean American Scholarship FoundtnSCHOLARSHIP FOR COLLEGE STUDENTS | Tysons Corner, VA | $42K | 2022 |
| Korean Chinese Mission ChurchCHURCH DONATION | Queens, NY | $2K | 2022 |
| Skk Alumni Association Of Ny IncSCHOLARSHIP FOR COLLEGE STUDENTS | Manhasset, NY | $2K | 2022 |
| Light & Love Ny IncCHRISTIAN MAGAZINE PUBLICATION | Great Neck, NY | $2K | 2022 |
| Syngman Rhee Memorial AssociationCIVIC MOVEMENT SUPPORT | Flushing, NY | $2K | 2022 |
| Korean American Civic EmpowermentCIVIC MOVEMENT SUPPORT | Flushing, NY | $2K | 2022 |
| Korea Music Festival FoundationEDUCATIONAL SUPPORT | Englewood Cliffs, NJ | $2K | 2022 |
| New Brunswick Theological SeminaryCHRISTIAN MISSION SUPPORT | New Brunswick, NJ | $1K | 2022 |
| Ohio Northern UnviersityEDUCATIONAL SUPPORT | Ada, OH | $1K | 2022 |
| Ny Stump MissionCHRISTIAN MISSION SUPPORT | Flushing, NY | $500 | 2022 |
| Salikar Missionary CorpCHRISTIAN MISSION SUPPORT | Oakland Gardens, NY | $500 | 2022 |
| In Bong Lee ScholarshipSCHOLARSHIP FOR COLLEGE STUDENT | Bloomfield, NJ | $500 | 2022 |
| Incar Christian MissionaryCHRISTIAN MISSION SUPPORT | Queens Vlg, NY | $500 | 2022 |
| Great Mission For New LifeCHRISTIAN MISSION SUPPORT | Westbury, NY | $300 | 2022 |
| American Indian College FundEDUCATIONAL SUPPORT | Denver, CO | $100 | 2022 |
| Disabled Veteran National FoundatioDISABLED VETERAN SUPPORT | Lanham, MD | $100 | 2022 |
| Smile TrainHEALTH RESEARCH SUPPORT | New York, NY | $100 | 2022 |
| St Joseph'S Indian SchoolEDUCATIONAL SUPPORT | Chamberlain, SD | $100 | 2022 |
| Unicef UsaHUMANITARIAN AID FOR CHILDREN | New York, NY | $100 | 2022 |
| Inn HempsteadHOMELESS SUPPORT | Hempstead, NY | N/A | 2022 |
| Port Washington Youth Activities InYOUTH ACTITIVITES SUPPORT | Port Washington, NY | N/A | 2022 |
| Alzheimer'S AssociationALZHEIMERS RESEARCH SUPPORT | Melville, NY | N/A | 2022 |
| American Lung AssociationHEALTH RESEARCH SUPPORT | New York, NY | N/A | 2022 |