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The Albert Kim Foundation is a private corporation based in LOS ANGELES, CA. The foundation received its IRS ruling in 2011. It holds total assets of $346K. Annual income is reported at $250K. Total assets have grown from $26K in 2011 to $364K in 2023. The foundation is governed by 3 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 2016 to 2023. According to available records, The Albert Kim Foundation has made 10 grants totaling $1.1M, with a median grant of $10K. Annual giving has decreased from $295K in 2020 to $232K in 2023. Grantmaking activity was highest in 2022 with $533K distributed across 8 grants. Individual grants have ranged from $500 to $295K, with an average award of $106K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
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.
The Albert Kim Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in CA.
The Albert Kim Foundation has distributed a total of $1.1M across 10 grants. The median grant size is $10K, with an average of $106K. Individual grants have ranged from $500 to $295K.
The Albert Kim Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Albert Kim Foundation is headquartered in LOS ANGELES, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Albert Y Kim | President & CEO | $0 | $0 | N/A |
| Katie Kwak | CFO | $0 | $0 | N/A |
| Jung Mu Ryu | Secretary | $0 | $0 | N/A |
Total Giving
$233K
Total Assets
$364K
Fair Market Value
$364K
Net Worth
$364K
Grants Paid
$232K
Contributions
$100K
Net Investment Income
N/A
Distribution Amount
$21K
Total Grants
10
Total Giving
$1.1M
Average Grant
$106K
Median Grant
$10K
Unique Recipients
4
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Korean American Family ServicesPROVIDE MUCH-NEEDED MENTAL HEALTH COUNSELING SERVICES TO KOREAN IMMIGRANT FAMILIES IN NEED(FEIN 95-3899329) | Los Angeles, CA | $232K | 2023 |
| Friends Of LacesPROVIDE LACES WITH MATERIALS, SUPPLIES AND SERVICES THAT NOT COVERED BY LAUSD (FEIN 93-1090541) | Los Angeles, CA | $10K | 2022 |
| El Nido Family CentersLOW-INCOME COMMUNITIES OF LOS ANGELES COUNTY | Los Angeles, CA | $1K | 2022 |
| Red CrossGENERAL FUND SUPPORT | Los Angeles, CA | $500 | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA