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Y T Hwang Family Foundation Inc. is a private corporation based in ALPINE, NJ. The foundation received its IRS ruling in 2016. It holds total assets of $5M. Annual income is reported at $645K. Total assets have grown from $1M in 2015 to $4.9M 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. The foundation primarily funds organizations in New York and New Jersey. According to available records, Y T Hwang Family Foundation Inc. has made 73 grants totaling $1.1M, with a median grant of $10K. The foundation has distributed between $259K and $549K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $549K distributed across 36 grants. Individual grants have ranged from $5K to $50K, with an average award of $15K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in New York, New Jersey, California, which account for 89% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$23K
Largest Grant
$125K
Based on 11 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.
Y T Hwang Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 73 grants. Its grantmaking reaches organizations primarily in NY, NJ, CA.
Y T Hwang Family Foundation Inc. has distributed a total of $1.1M across 73 grants. The median grant size is $10K, with an average of $15K. Individual grants have ranged from $5K to $50K.
Y T Hwang Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Y T Hwang Family Foundation Inc. is headquartered in ALPINE, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Yong Tae Hwang | PRESIDENT | $0 | $0 | N/A |
| Mi Eun Hwang | TREASURER | $0 | $0 | N/A |
| Hee K Yang | DIRECTOR | $0 | $0 | N/A |
Total Giving
$296K
Total Assets
$4.9M
Fair Market Value
$5.4M
Net Worth
$4.9M
Grants Paid
$259K
Contributions
N/A
Net Investment Income
$220K
Distribution Amount
$255K
Total: $4.9M
Total Grants
73
Total Giving
$1.1M
Average Grant
$15K
Median Grant
$10K
Unique Recipients
23
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hufs Foundation Of Southern CaliforCHARITABLE | Los Angeles, CA | $50K | 2023 |
| Korean American Association Of GreaCHARITABLE | New York, NY | $25K | 2023 |
| The Korea SocietyCHARITABLE | New York, NY | $21K | 2023 |
| Maryknoll Fathers And BrothersCHARITABLE | Maryknoll, NY | $15K | 2023 |
| Council Of Korean AmericansCHARITABLE | Washington, DC | $15K | 2023 |
| City HarvestCHARITABLE | New York, NY | $14K | 2023 |
| Korean American Youth FoundationCHARITABLE | Queens, NY | $10K | 2023 |
| Youth America Grand PrixCHARITABLE | New York, NY | $10K | 2023 |
| Metropolitan Museum Of ArtCHARITABLE | New York, NY | $10K | 2023 |
| Holy Name Medical Center FoundationCHARITABLE | Teaneck, NJ | $10K | 2023 |
| Minkwon CenterCHARITABLE | Flushing, NY | $10K | 2023 |
| Family Touch IncCHARITABLE | Little Ferry, NJ | $10K | 2023 |
| KafscCHARITABLE | Flushing, NY | $10K | 2023 |
| Englewood Health FoundationCHARITABLE | Englewood, NJ | $10K | 2023 |
| Bergen Volunteer Medical InitiativeCHARITABLE | Hackensack, NJ | $10K | 2023 |
| AkusCHARITABLE | Englewood Cliffs, NJ | $10K | 2023 |
| KayacCHARITABLE | Englewood Cliffs, NJ | $10K | 2023 |
| Woori ShowCHARITABLE | New York, NY | $5K | 2023 |
| Kj Choi FoundationCHARITABLE | Westlake, TX | $5K | 2023 |
| Korean American Community FoundatioCHARITABLE | New York, NY | $30K | 2022 |
| Metropolitan OperaCHARITABLE | New York, NY | $20K | 2022 |
| The Judith Ehm FoundationCHARITABLE | Mahwah, NJ | $10K | 2022 |