GEN122 Foundation Inc
Preselected recipients only
GEN122 Foundation Inc is a private foundation in New York, New York. In tax year 2024 it gave $127,500 in 11 grants; the typical grant was $10,000 and the largest $30,000. 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$127,500
- Number of grants11
- Typical grant$10,000
- Largest grant$30,000
- Assets$3.3 million
- New grantees46%
Giving in 2024 was up from $71,051 the year before.
46% 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 | $71,051 | 8 | $3.0 million |
| 2024 | $127,500 | 11 | $3.3 million |
How to apply
GEN122 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 GEN122 Foundation Inc funds
Where it gives
Its US grants went to recipients in 5 states, the most to New York. It also paid $16,500 in 1 grant to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| New York | 6 | $95,000 |
| Massachusetts | 1 | $6,000 |
| Alabama | 1 | $3,957 |
| California | 1 | $3,807 |
| Colorado | 1 | $2,236 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Korean Charitable Society | General fund | $30,000 |
| Storefront Church | General fund | $30,000 |
| Redeemer University Fellowship | Counseling services | $16,500 |
| Hope for New York | General fund | $10,000 |
| Redeemer Presbyterian Downtown Church | Support for the church | $10,000 |
| United Nations International School | Education | $10,000 |
| Harvard University | General fund | $6,000 |
| Restore NYC | General fund | $5,000 |
| Radical Inc | Support for the church | $3,957 |
| Liberty in North Korea | General fund | $3,807 |
| Compassion Internatonal | General fund | $2,236 |
Officers and trustees
- Catherina Park
- Kyun Park
- Philip Kim
Questions people ask
Does GEN122 Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does GEN122 Foundation Inc give?
$127,500 in tax year 2024, across 11 grants, with a typical grant of $10,000.
Who runs GEN122 Foundation Inc?
Its 2024 filing lists Catherina Park (President), Kyun Park (Treasurer) and Philip Kim (Secretary).
What does GEN122 Foundation Inc fund?
Based on its grants, mainly faith communities, education and international.