Blue Ocean Inc
Preselected recipients only
Blue Ocean Inc is a private foundation in Germantown, Maryland. In tax year 2024 it gave $352,500 in 13 grants; the typical grant was $10,000 and the largest $80,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$352,500
- Number of grants13
- Typical grant$10,000
- Largest grant$80,000
- Assets$15.4 million
- New grantees15%
Giving in 2024 was up from $347,535 the year before.
15% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2021 | $265,765 | 14 | $5.2 million |
| 2022 | $299,490 | 14 | $8.0 million |
| 2023 | $347,535 | 18 | $8.1 million |
| 2024 | $352,500 | 13 | $15.4 million |
How to apply
Blue Ocean Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What Blue Ocean Inc funds
Where it gives
Its US grants went to recipients in 4 states, the most to Hawaii. It also paid $270,100 in 7 grants to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Hawaii | 1 | $51,200 |
| Maryland | 3 | $20,000 |
| Nevada | 1 | $10,000 |
| Illinois | 1 | $1,200 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Kyung Joon Lee | Support children education program | $80,000 |
| Maru Culture Center | Support for empowering woman | $55,000 |
| University of the Nation Kona | Scholarships for students | $51,200 |
| Global Mission Church | Support rehabilitation education | $50,000 |
| Dongan Church | Support bali vocational school | $40,000 |
| Grace Home | Support grace home orphanage | $37,000 |
| Dwell City Church | Support young student edu program | $10,000 |
| Summerlin Community Baptish Church | Support children education | $10,000 |
| Ywam B W | Support | $6,000 |
| Yangrim Presbyterian Church | Support | $4,500 |
| Yumi Cares | Art therapy to pediatric patients | $4,000 |
| Global Missionary Fellowship | Support global missionary fellowship | $3,600 |
| Wheaton College | Scholarships | $1,200 |
Officers and trustees
- Kwan Hee Lee
- Seoung Chul Park
- Hyung Joon Kim
- Ho June Lee
- Hey Ran Lee
- Hyun Joo Lee
- Miyoung Ju Lee
Questions people ask
Does Blue Ocean Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Blue Ocean Inc give?
$352,500 in tax year 2024, across 13 grants, with a typical grant of $10,000.
Who runs Blue Ocean Inc?
Its 2024 filing lists Kwan Hee Lee (President), Seoung Chul Park (Secretary), Hyung Joon Kim (Treasurer) and Ho June Lee (Evp & Strate) among 7 officers and trustees.
What does Blue Ocean Inc fund?
Based on its grants, mainly international, education and faith communities.