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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. The foundation is governed by 3 officers and trustees. Otefe foundation assists korean american students, overseas korean students and other students who are faced with financial hardships to pursue education. Tax records are available from 2015 to 2024. 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, 2022. 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 | N/A |
| John Y Kim | Secretary | $0 | $0 | N/A |
| Richard Kim | Chief Financial Officer | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$7.4M
Fair Market Value
N/A
Net Worth
$7.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |