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New Life Foundation is a private corporation based in VIENNA, VA. The foundation received its IRS ruling in 2012. The principal officer is Yoon Joo Lee. It holds total assets of $172K. Annual income is reported at $11K. Total assets have decreased from $375K in 2011 to $214K in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. Funding is distributed across 7 states, including Virginia, District of Columbia, Maryland. According to available records, New Life Foundation has made 58 grants totaling $177K, with a median grant of $3K. The foundation has distributed between $34K and $69K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $69K distributed across 24 grants. Individual grants have ranged from $2K to $7K, with an average award of $3K. The foundation has supported 16 unique organizations. The foundation primarily supports organizations in Virginia, New Jersey, Maryland, which account for 52% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$3K
Average Grant
$3K
Largest Grant
$5K
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.
New Life Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 58 grants. Its grantmaking reaches organizations primarily in VA, NJ, MD.
New Life Foundation has distributed a total of $177K across 58 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $2K to $7K.
New Life Foundation typically selects its grantees rather than accepting unsolicited proposals.
New Life Foundation is headquartered in VIENNA, VA. While based in VA, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Moon Ja Kim | President | $0 | $0 | N/A |
| Yoon Joo Lee | Treasurer | $0 | $0 | N/A |
| Sook Ja Lee | Secretary | $0 | $0 | N/A |
| Jungja P Yoon | Vice President | $0 | $0 | N/A |
Total Giving
$39K
Total Assets
$214K
Fair Market Value
$853K
Net Worth
$214K
Grants Paid
$36K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$36K
Total Grants
58
Total Giving
$177K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
16
Most Common Grant
$3K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Good SpoonTo support Christian mission for low income Hispanic residentsin Washington DC Metropolitan area | Alexandria, VA | $5K | 2024 |
| Washington Korean Baptist ChurchTo support missionary workin Germany for refugees fromMiddle East | Silver Spring, MD | $5K | 2024 |
| Heart Of God Africa FoundationTo support buildingChristian Schools in Accra, Ghana | Metuchen, NJ | $4K | 2024 |
| Little Light Urban MinistriesAfter school program | Washington, DC | $3K | 2024 |
| Mkpcusa For Children Education FellowshipTo support Christianeducation of childrenvia art | Dacula, GA | $3K | 2024 |
| The Korean Church Of QueensTo support missionarywork in China byRev and Mrs Rev. and Mrs. Kyung Soo Moon. | Elmhurst, NY | $3K | 2024 |
| Seed UsaTo support missionary workin Uganda and Providecomputers. | La Mirada, CA | $3K | 2024 |
| Pomona CollegeSchloarship to Kaylapark to support hercollege education | Claremont, CA | $3K | 2024 |
| Washington Mindcare InstituteTo support counseling services, childcare program for victims of domesticviolence and mentoring tutor porgram. | Fairfax, VA | $3K | 2024 |
| Cross Wilderness MissionTo support ChristianMissionary workfor homeless people in DC | Gainsville, VA | $3K | 2024 |
| Lawndale Community ChurchTo support churchgeneral administration expenses. | Chicago, IL | $2K | 2024 |
| KpcaTo support Christian missionary forevangelism and educationof children via art. | Dacula, GA | — | 2024 |
| Parkview United Methodist ChurchTo support schlolarshipto Sung Kyoon Park forUnited Theology Seminary School | Miamisburg, OH | — | 2024 |
| The Bridge UsTo provide supportfor business developmentin developing countries | Fairfax, VA | — | 2024 |
| Dayton Korean United Methodist ChurchTo support schlolarshipto Sung Kyoon Park forUnited Theology Seminary School | Kettering, OH | $3K | 2022 |