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Shema Foundation is a private corporation based in IRVINE, CA. The foundation received its IRS ruling in 2007. The principal officer is % Minsung Ko. It holds total assets of $8.6M. Annual income is reported at $1.5M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Shema Foundation has made 52 grants totaling $3.7M, with a median grant of $13K. Annual giving has grown from $143K in 2020 to $654K in 2023. Grantmaking activity was highest in 2022 with $2.9M distributed across 28 grants. Individual grants have ranged from $500 to $1M, with an average award of $71K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in Maryland, California, Pennsylvania, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Shema Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in MD, CA, PA.
Shema Foundation has distributed a total of $3.7M across 52 grants. The median grant size is $13K, with an average of $71K. Individual grants have ranged from $500 to $1M.
Shema Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (651320584) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Shema Foundation is headquartered in IRVINE, CA. While based in CA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Timothy Park | SECRETARY | $0 | $0 | $0 |
| Ki Hong Park | PRESIDENT | $0 | $0 | $0 |
Total Giving
$701K
Total Assets
$8.2M
Fair Market Value
$8.2M
Net Worth
$8.2M
Grants Paid
$654K
Contributions
$150K
Net Investment Income
$30K
Distribution Amount
$0
Total Grants
52
Total Giving
$3.7M
Average Grant
$71K
Median Grant
$13K
Unique Recipients
25
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Korea Hope FoundationCHARITABLE CONTRIBUTION | Irvine, CA | $434K | 2023 |
| Our Lady Of Peach Korean CatholicCATHOLIC MISSION | Irvine, CA | $32K | 2023 |
| Asociacion MirineCATHOLIC MISSION | Guatemala, CA | $30K | 2023 |
| Korean Community ServicesCHARITABLE CONTRIBUTION | Garden Grove, CA | $30K | 2023 |
| Korean Martyrs Catholic CenterCATHOLIC MISSION | Westminster, CA | $30K | 2023 |
Other foundations that have funded Shema Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Frontier Scholarship Fund | $2K | 2020 | RELIGIOUS ACTIVITIES |
| Christus CorpCATHOLIC MISSION | Westminster, CA | $20K | 2023 |
| Kkottongnae IncCATHOLIC MISSION | Lynwood, CA | $20K | 2023 |
| Korean American Special EducationDISABILITIES EDUCATION | Anaheim, CA | $16K | 2023 |
| Charitable Foundation Of African CaCATHOLIC MISSION | Torrance, CA | $13K | 2023 |
| Missionary Of The Sacred HeartCATHOLIC MISSION | Center Valley, PA | $10K | 2023 |
| St Raphael Korean Catholic CenterCATHOLIC MISSION | Norwalk, CA | $6K | 2023 |
| Augustinian GuildCHARITABLE CONTRIBUTION | San Diego, CA | $5K | 2023 |
| Jay KimLOCAL DONEE SUPPORT | Irvine, CA | $5K | 2023 |
| Spectrum Of Hope FoundationCHARITABLE CONTRIBUTION | Fullerton, CA | $3K | 2023 |
| Global Children FoundationCHARITABLE CONTRIBUTION | Los Angeles, CA | $2K | 2023 |
| World Village For ChildrenCHARITABLE CONTRIBUTION | Lanham, MD | $1M | 2022 |
| Deul Kkot Ma EulCATHOLIC MISSION | Buena Park, CA | $40K | 2022 |
| Sisters Of Charity Of Seton HillCATHOLIC MISSION | Bethel Park, PA | $10K | 2022 |
| Korean American Priest AssociationCATHOLIC MISSION | Cypress, CA | $7K | 2022 |
| Soon Movement GlobalCHARITABLE CONTRIBUTION | Fullerton, CA | $3K | 2022 |
| Radio SeoulEDUCATION SEMINAR CONTRIBUTION | Los Angeles, CA | $1K | 2022 |
| Charity Foundation For African Catholic MissionSCHOLARSHIP | Torrance, CA | $13K | 2020 |
| Korean American Special Education FoundationDIABILITIES EDUCATION | Anaheim, CA | $6K | 2020 |
| Hi MissionCHARITABLE GRANT | Artesia, CA | $3K | 2020 |
| Jennifer ChangSCHOLARSHIP | Cary, NC | $2K | 2020 |
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