//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Yuen Hwa & Yong Sup Sim Family Community Foundation is a private corporation based in CREAM RIDGE, NJ. The foundation received its IRS ruling in 2021. It holds total assets of $269K. Annual income is reported at $106K. The foundation is governed by 6 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 2020 to 2023. According to available records, Yuen Hwa & Yong Sup Sim Family Community Foundation has made 20 grants totaling $195K, with a median grant of $2K. Annual giving has grown from $62K in 2022 to $133K in 2023. Individual grants have ranged from N/A to $100K, with an average award of $12K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Michigan, New Jersey, Pennsylvania, which account for 70% of all grants. Grantmaking reaches organizations across 6 states. 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.
Yuen Hwa & Yong Sup Sim Family Community Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in MI, NJ, PA.
Yuen Hwa & Yong Sup Sim Family Community Foundation has distributed a total of $195K across 20 grants. The median grant size is $2K, with an average of $12K. Individual grants have ranged from N/A to $100K.
Yuen Hwa & Yong Sup Sim Family Community Foundation typically selects its grantees rather than accepting unsolicited proposals.
Yuen Hwa & Yong Sup Sim Family Community Foundation is headquartered in CREAM RIDGE, NJ. While based in NJ, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Yong Sup Sim | President/Secretary | $0 | $0 | N/A |
| Yuen Hwa Sim | VP/Treasurer | $0 | $0 | N/A |
| Eugene Sim | Trustee | $0 | $0 | N/A |
| Sophia Sim | Trustee | $0 | $0 | N/A |
| Hugo Dean Sim | Trustee | $0 | $0 | N/A |
| Lindsay Sim | Trustee | $0 | $0 | N/A |
Total Giving
$136K
Total Assets
$323K
Fair Market Value
$323K
Net Worth
$323K
Grants Paid
$133K
Contributions
$42K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
20
Total Giving
$195K
Average Grant
$12K
Median Grant
$2K
Unique Recipients
11
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Veterans Of Foreign WarsProgram | Kansas City, MO | — | 2023 |
| University Of MichiganScholarship | Ann Arbor, MI | $100K | 2023 |
| Mercer County Community College FoundationScholarships | West Windsor, NJ | $20K | 2023 |
| Yangchung Scholarship FoundationScholarships | Princeton, NJ | $10K | 2023 |
| Korean American Institute Of PrincetonScholarships | Kingston, NJ | $3K | 2023 |
| Nova Southeastern UniversityScholarship | Fort Lauderdale, FL | $500 | 2023 |
| Cookstown Volunteer Fire CoProgram | Cookstown, NJ | $250 | 2023 |
| Pba Local 390Program | New Egypt, NJ | — | 2023 |
| Philadelphia Young Korean AcademyScholarships | Abington, PA | — | 2023 |
| Arbor Day FoundationProgram | Lincoln, NE | — | 2023 |
| Jacobstown Volunteer Fire CoProgram | Wrightstown, NJ | $100 | 2022 |