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Lifecare Foundation Inc. is a private corporation based in MONMOUTH JUNCTION, NJ. The foundation received its IRS ruling in 2000. The principal officer is Jemo Kang. It holds total assets of $56.4M. Annual income is reported at $12.3M. Total assets have grown from $11M in 2011 to $46.8M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Funding is distributed across 6 states, including New Jersey, Massachusetts, Pennsylvania. According to available records, Lifecare Foundation Inc. has made 16 grants totaling $3.1M, with a median grant of $8K. The foundation has distributed between $1.4M and $1.6M annually from 2022 to 2023. Individual grants have ranged from $1K to $800K, with an average award of $192K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Ohio, Massachusetts, New Jersey, which account for 63% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$114K
Largest Grant
$550K
Based on 10 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.
Lifecare Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in OH, MA, NJ.
Lifecare Foundation Inc. has distributed a total of $3.1M across 16 grants. The median grant size is $8K, with an average of $192K. Individual grants have ranged from $1K to $800K.
For information about applying for grants from Lifecare Foundation Inc., visit their official website. Many private foundations accept unsolicited proposals or have specific application windows.
Lifecare Foundation Inc. is headquartered in MONMOUTH JUNCTION, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Roger Kang | DIRECTOR | $0 | $0 | N/A |
| Walter Kang | DIRECTOR | $0 | $0 | N/A |
| Jemo Kang | DIRECTOR | $0 | $0 | N/A |
| Monica Kang | DIRECTOR | $0 | $0 | N/A |
Total Giving
$2M
Total Assets
$46.8M
Fair Market Value
$48.8M
Net Worth
$46.7M
Grants Paid
$1.4M
Contributions
$10M
Net Investment Income
$1.2M
Distribution Amount
$2.2M
Total: N/A
Total Grants
16
Total Giving
$3.1M
Average Grant
$192K
Median Grant
$8K
Unique Recipients
12
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Vanguard Charitable FundTHE KANG FAMILY CHARITABLE FUND | Boston, MA | $700K | 2023 |
| Fidelity CharitableKANG FAMILY CHARITABLE FUND | Cincinnati, OH | $700K | 2023 |
| Princeton Public SchoolsGENERAL SUPPORT | Princeton, NJ | $21K | 2023 |
| Karen DohScholarship PAID TO KAREN DON | Monmouth Junction, NJ | $10K | 2023 |
| Korean American Institute Of PrincetonGENERAL | Princeton, NJ | $10K | 2023 |
| University Of PittsburghGENERAL SUPPORT | Pittsburgh, PA | $3K | 2023 |
| Penn MedicineGENERAL | Philadelphia, PA | $2K | 2023 |
| Rutgers University FoundationGeneral SUPPORT | New Brunswick, NJ | $2K | 2023 |
| Church Of Korean MartyrsGENERAL SUPPORT | Hurst, TX | $1K | 2023 |
| Syngman Rhee Memorial FoundationGeneral | Upper Darby, PA | $5K | 2022 |
| Korean Heritage Research Association Inc UsaGENERAL | Lindenwold, NJ | $2K | 2022 |
| Yuong Sang Presbyterian Church Of PhiladelphiaGENERAL | Horsham, PA | $2K | 2022 |