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Otefe Foundation Inc. is a private corporation based in LOS ANGELES, CA. The foundation received its IRS ruling in 2013. The principal officer is % Alex Ko. It holds total assets of $7.4M. Annual income is reported at $3.8M. OTEFE FOUNDATION ASSISTS KOREAN AMERICAN STUDENTS, OVERSEAS KOREAN STUDENTS AND OTHER STUDENTS WHO ARE FACED WITH FINANCIAL HARDSHIPS TO PURSUE EDUCATION. According to available records, Otefe Foundation Inc. has made 3 grants totaling $1.1M, with a median grant of $357K. The foundation has distributed between $325K and $406K annually from 2020 to 2023. Individual grants have ranged from $325K to $406K, with an average award of $362K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
OTEFE FOUNDATION ASSISTS KOREAN AMERICAN STUDENTS, OVERSEAS KOREAN STUDENTS AND OTHER STUDENTS WHO ARE FACED WITH FINANCIAL HARDSHIPS TO PURSUE EDUCATION.
Expenses: $406K
OTEFE FOUNDATION ASSISTS KOREAN AMERICAN STUDENTS, OVERSEAS KOREAN STUDENTS AND OTHER STUDENTS WHO ARE FACED WITH FINANCIAL HARDSHIPS TO PURSUE EDUCATION. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in CA.
Otefe Foundation Inc. has distributed a total of $1.1M across 3 grants. The median grant size is $357K, with an average of $362K. Individual grants have ranged from $325K to $406K.
The application deadline is JUNE 15, 2021. THE APPLICANTS MUST SHOW: (1) GREAT APTITUDE AND DESIRE TO BETTER THE KOREAN AMERICAN COMMUNITIES IN THE US AND/OR THE KOREAN COMMUNITIES IN THE REPUBLIC OF KOREA OR ELSEWHERE IN THE WORLD AND (2) FINANCIAL HARDSHIP.
Otefe Foundation Inc. is headquartered in LOS ANGELES, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alex Ko | Chief Executive Officer | $0 | $0 | $0 |
| John Y Kim | Secretary | $0 | $0 | $0 |
| Richard Kim | Chief Financial Officer | $0 | $0 | $0 |
Total Giving
$404K
Total Assets
$7.2M
Fair Market Value
$7.2M
Net Worth
$7.2M
Grants Paid
$357K
Contributions
$0
Net Investment Income
$170K
Distribution Amount
$344K
Total Grants
3
Total Giving
$1.1M
Average Grant
$362K
Median Grant
$357K
Unique Recipients
3
Most Common Grant
$357K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Grants Paid In 2023 (See Attached Schedule)TO ASSIST FINANCIALLY NEEDY KOREAN AMERICAN STUDENTS, OVERSEAS KOREAN STUDENTS AND OTHER STUDENTS WHO SHOW A STRONG COMMITMENT TO THE BETTERMENT OF THE KOREAN COMMUNITY TO PURSUE THEIR EDUCATIONAL DREAMS AT US UNIVERSITIES AND GRADUATE AND PROFESSIONAL SCHOOLS. | Los Angeles, CA | $357K | 2023 |
| Grants Paid In 2022 (See Attached Schedule)TO ASSIST FINANCIALLY NEEDY KOREAN AMERICAN STUDENTS, OVERSEAS KOREAN STUDENTS AND OTHER STUDENTS WHO SHOW A STRONG COMMITMENT TO THE BETTERMENT OF THE KOREAN COMMUNITY TO PURSUE THEIR EDUCATIONAL DREAMS AT US UNIVERSITIES AND GRADUATE AND PROFESSIONAL SCHOOLS. | Los Angeles, CA | $325K | 2022 |
| Grants Paid In 2020 (See Attached Schedule)TO ASSIST FINANCIALLY NEEDY KOREAN AMERICAN STUDENTS, OVERSEAS KOREAN STUDENTS AND OTHER STUDENTS WHO SHOW A STRONG COMMITMENT TO THE BETTERMENT OF THE KOREAN COMMUNITY TO PURSUE THEIR EDUCATIONAL DREAMS AT US UNIVERSITIES AND GRADUATE AND PROFESSIONAL SCHOOLS. | Los Angeles, CA | $406K | 2020 |
TAMPA, FL
PROSPECT, KY
KESWICK, VA
BOWIE, MD
SAN CARLOS, CA
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
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