Lifecare Foundation Inc
Preselected recipients only
Lifecare Foundation Inc is a private foundation in Monmouth Junction, New Jersey. In tax year 2024 it gave $2.1 million in 8 grants; the typical grant was $7,500 and the largest $1.1 million. 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$2.1 million
- Number of grants8
- Typical grant$7,500
- Largest grant$1.1 million
- Assets$58.6 million
- New grantees43%
Giving in 2024 was up from $1.4 million the year before.
43% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $1.4 million | 9 | $48.8 million |
| 2024 | $2.1 million | 8 | $58.6 million |
How to apply
Lifecare Foundation 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.
What Lifecare Foundation Inc funds
Where it gives
Its grants went to recipients in 4 states, the most to Ohio.
| State | Grants | Amount |
|---|---|---|
| Ohio | 1 | $1.1 million |
| Massachusetts | 1 | $1.0 million |
| New Jersey | 4 | $37,000 |
| Pennsylvania | 2 | $5,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable | Kang family charitable fund | $1.1 million |
| Vanguard Charitable Fund | The kang family charitable fund | $1.0 million |
| Princeton Korean Church | General SUPPORT | $20,000 |
| Korean American Institute of Princeton | General | $10,000 |
| Michael Kim | scholarship | $5,000 |
| Syngman Rhee Memorial Foundation | General support | $3,000 |
| Penn Medicine | General | $2,000 |
| Individual | Scholarship PAID TO KAREN DON | $2,000 |
Officers and trustees
- Jemo Kang
- Monica Kang
- Walter Kang
- Roger Kang
Questions people ask
Does Lifecare Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Lifecare Foundation Inc give?
$2.1 million in tax year 2024, across 8 grants, with a typical grant of $7,500.
Who runs Lifecare Foundation Inc?
Its 2024 filing lists Jemo Kang (Director), Monica Kang (Director), Walter Kang (Director) and Roger Kang (Director).
What does Lifecare Foundation Inc fund?
Based on its grants, mainly education.