Kimmy Foundation Inc
- Assets
- $8.0m
- Revenue
- $2.7m
- Investments
- $6.3m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-3807156
Organization Overview
Kimmy Foundation Inc is located in Reston, VA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kimmy Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kimmy Foundation Inc generated $2.7m in total revenue. All expenses for the organization totaled $239.1k during the year ending 12/2021.
Since 2016, Kimmy Foundation Inc has awarded 223 individual grants totaling $553,510. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KDF SCHOLARSHIP 2020-2021 PROGRAM:THIS PROGRAM IS FOR VIETNAMESE AMERICAN STUDENTS ENROLLED IN THE FOLLOWING SIX INSTITUTIONS: THE UNIVERSITY OF MARYLAND (UMD), GEORGE MASON UNIVERSITY (GMU), NORTHERN VIRGINIA COMMUNITY COLLEGE (NOVA), MONTGOMERY COLLEGE (MC), VIRGINIA POLYTECHNIC INSTITUTE (VPI), UNIVERSITY OF VIRGINIA (UVA).ELIGIBLE STUDENTS MUST BE US CITIZENS OR US PERMANENT RESIDENTS (EXCEPT FOR THE 3 GOLD SCHOLARSHIPS MENTIONED BELOW) WHO DEMONSTRATE: OUTSTANDING ACADEMIC ACHIEVEMENT, STRONG LEADERSHIP POTENTIAL, A TRACK RECORD OF SERVICE TO THE VIETNAMESE AND AMERICAN COMMUNITIES, PRIDE IN THEIR VIETNAMESE CULTURE AND HERITAGE, AND A PASSION TO APPLY THEIR ACADEMIC BACKGROUND TO CREATE A BETTER WORLD, BOTH IN AMERICA AND IN VIETNAM.*** 3 GOLD SCHOLARSHIPS WILL BE RESERVED FOR VIETNAMESE STUDENTS FROM VIETNAM, WHO HAVE BEEN ACCEPTED TO US UNIVERSITIES ***
THE KDF HARDSHIP GRANTS:IN ORDER TO HELP THE FAMILIES OF THE VIRGINIA, MARYLAND, AND DC AREA, WHO ARE IN ECONOMIC HARDSHIP, KIMMY DUONG FOUNDATION WILL PROVIDE THE FOLLOWING AID: THE AMOUNT OF AID FOR EACH FAMILY: $500 OR $1,000- THE FOLLOWING CONDITIONS APPLY:1. HEADS OF HOUSEHOLD WITH INCOME UNDER 150% OF FEDERAL POVERTY LINE, WHO ARE EXPERIENCING ECONOMIC HARDSHIP.2. RESIDING AND WORKING IN THE VIRGINIA, MARYLAND AND DC AREA.3. MAXIMUM 20 GRANTS PER MONTH. LIMIT ONE GRANT PER FAMILY PER YEAR
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,436,350 |
| Interest on Savings | $10,304 |
| Dividends & Interest | $45,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $228,055 |
| Capital Gain Net Income | $228,055 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,719,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,279 |
| Printing and publications | $0 |
| Other expenses | $13,576 |
| Total operating and administrative expenses | $52,266 |
| Contributions, gifts, grants paid | $186,800 |
| Total expenses and disbursements | $239,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,785 |
| Savings and temporary cash investments | $1,634,492 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,881,030 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $109 |
| Total assets | $8,001,066 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kimmy Foundation Inc has awarded $121,300 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND FBO GERALD E PURPOSE: SCHOLARSHIP | $2,000 |
UNIVERSITY OF MARYLAND FBO CINDY VO PURPOSE: SCHOLARSHIP | $2,000 |
UNIVERSITY OF MARYLAND FBO CHRISTIN PURPOSE: SCHOLARSHIP | $2,000 |
UNIVERSITY OF MARYLAND FBO EMILY CH PURPOSE: SCHOLARSHIP | $2,000 |
UNIVERSITY OF MARYLAND FBO ANSIH KA PURPOSE: SCHOLARSHIP | $2,000 |
UNIVERSITY OF MARYLAND FBO KATHERIN PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |