Los Angeles, CA

NEW STAR SCHOLARSHIP FOUNDATION

EIN 20-0146963

Education & Youth Development College Access & Scholarships AAPI communities Children & youth

Mission

To cultivate and nurture young leaders of the next generation who have the potential to be influential both to Korea and the United States of America.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

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About NEW STAR SCHOLARSHIP FOUNDATION

New Star Scholarship Foundation is a Los Angeles–based 501(c)(3) scholarship organization focused on supporting students—particularly within the Korean-American community—through annual scholarships, award ceremonies, and fundraising events. The organization was founded in 2001 and is recorded as tax-exempt (IRS) since November 2003.

The foundation runs an annual application and selection process, holds fundraising events (including golf tournaments) and public award ceremonies, and reports sustained activity across 2021–2024. Recent filings show active financial activity and continuing scholarship distributions; the foundation’s website lists ongoing scholarship applications (including a 2026 application cycle open as of the current season).

Notable achievements

Cumulative scholarships awarded

Reportedly has awarded more than 2,250 scholarships since inception and raised roughly $2,250,000 in cumulative scholarship funds.

Substantial 2023 award cycle

In 2023 the foundation ran a major award cycle that distributed approximately $130,000 in scholarship awards to about 140 recipients during its annual ceremony and selection process.

Sustained annual fundraising and events

Maintains recurring fundraising events (including an annual golf fundraiser) and public award ceremonies that have supported multi-year scholarship distributions and local community engagement.

At a glance

Total assets: $427K
Annual revenue: $153K
Tax status: 501(c)(3)Public charity
EIN: 20-0146963
Location: Los Angeles, CA
Website: newstarfoundation.com
On Mahalo since: April 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

IRS-recognized 501(c)(3) tax-exempt organization (tax-exempt since November 2003).

Regular media coverage in Korean-American outlets for scholarship awards and fundraising events (multiple years including 2021–2024).

Profiled and rated by third-party charity evaluators (Charity Navigator profile with a Two-Star / 63% score focused on Accountability & Finance).

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