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KWON FOUNDATION INC

PORT WASHINGTON, NY · EIN 475267415 · Form 990PF · FY2025 · NTEE B82 · Education · Small ($100K-$1M)
revenue
$419K
expenses
$368K
net assets
$-2.7M
employees
profile · synthesized from sources

KWON FOUNDATION INC is a private foundation based in New York that provides financial support primarily for educational scholarships and Christian religious activities. The foundation funds college scholarships for Korean American students and supports theological education, church operations, and Christian mission work nationally. Its grantmaking focuses on education and faith-based initiatives.

named programs · 2 · from sources

What they call their work

Christian Education and Mission Support
Funds theological education, seminaries, church operations, and Christian mission activities across the U.S.
Korean American Scholarship Program
Provides financial support for college scholarships to Korean American students through grants to scholarship organizations
activities · 4 groups

What they do

  • Jewish Religious Institution Support 2 activities
    • Funding Christian mission and ministry activities
      Supports Christian mission work and ministries through grants to organizations including Stump Mission NY Inc, Oregon Women Prison Ministry, and various churches such as Tree of Life Presbyt Church and Yale Presbyterian Church.
    • Funding religious publications
      Finances the publication of a Christian magazine through a grant to Light & Love NY Inc.
  • Religious Education Support 1 activity
    • Funding Christian educational institutions and programs
      Provides financial support for Christian education through grants to theological seminaries and related organizations, including New Brunswick Theology Seminary and Denver Seminary.
  • General Operating Support Grants 1 activity
    • Funding community initiatives
      Supports community-based programs through grants to organizations such as the Pinehurst Foundation.
  • Local High School Scholarship Programs 1 activity
    • Funding scholarships for college students
      Funds scholarships for college students through grants to organizations such as the Korean American Scholarship Foundat and the Korean Alumni Assoc of NBTS Inc.
financials · form 990PF · fy2025
revenue
Total revenue$419K
Contributions & grants
Program service revenue
Investment income$2K0%
Other revenue
expenses
Total expenses$368K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out$72K
balance sheet
Total assets$218K
Cash
Investments
Liabilities
Net assets$-2.73M
4 years on record · 2021–2025 · YoY revenue +3.0%
leadership · form 990 part vii · fy2025

Who runs it

board members · 1
  • YOUNG KOOK KWON — DIRECTOR
relationships · 11

Who they work with

  • DENVER SEMINARY Partner — Receives grant funding for Christian education support.
  • INTERNATIONAL FOUNDATION FOR SKK UN Partner — Receives grant funding for student scholarships.
  • KOREAN ALUMNI ASSOC OF NBTS INC Partner — Receives grant funding for scholarship support.
  • KOREAN AMERICAN SCHOLARSHIP FOUNDAT Partner — Receives grant funding for college student scholarships.
  • LIGHT & LOVE NY INC Partner — Receives grant funding for Christian magazine publication.
  • NEW BRUNSWICK THEOLOGY SEMINARY Partner — Receives grant funding for Christian education support.
  • OREGON WOMEN PRISON MINISTRY Partner — Receives grant funding for Christian mission activities.
  • PINEHURST FOUNDATION Partner — Receives grant funding for community support initiatives.
  • STUMP MISSION NY INC Partner — Receives grant funding for Christian mission activities.
  • TREE OF LIFE PRESBYT CHURCH Partner — Receives church donation.
  • YALE PRESYTERIAN CHURCH Partner — Receives church donation.