﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2024v5.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-12-15T07:22:40-00:00</ReturnTs>
    <TaxPeriodEndDt>2025-02-28</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>271697234</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>SANG BONG RHEE CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>3665 VALLEYBRINK RD</AddressLine1Txt>
        <CityNm>LOS ANGELES</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90039</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-03-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>922750951</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>YOUNG GEUN &amp; YOUNG SUN LEE FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>YOUN</BusinessNameControlTxt>
      <PhoneNum>3108198556</PhoneNum>
      <USAddress>
        <AddressLine1Txt>14105 S NORMANDIE AVE UNIT 1</AddressLine1Txt>
        <CityNm>Gardena</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90249</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>YOUNG G LEE</PersonNm>
      <PersonTitleTxt>CEO</PersonTitleTxt>
      <PhoneNum>3108198556</PhoneNum>
      <SignatureDt>2025-12-15</SignatureDt>
      <DiscussWithPaidPreparerInd>false</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>SANG B RHEE</PreparerPersonNm>
      <PTIN>P00362704</PTIN>
      <PhoneNum>2133847370</PhoneNum>
      <PreparationDt>2025-12-15</PreparationDt>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="5">
    <IRS990PF documentId="990PF" softwareId="24019898" softwareVersionNum="24.0.1.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>526457</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>260000</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>23397</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>23397</InterestOnSavNetInvstIncmAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>283397</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>23397</TotalNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="990PF:114">325</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>325</TaxesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>325</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>325</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>172000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>172000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>172325</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>325</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>172000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>111072</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>23072</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>415272</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>526457</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>526457</SavAndTempCashInvstEOYFMVAmt>
        <TotalAssetsBOYAmt>415272</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>526457</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>526457</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="990PF:120">212</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="990PF:120">325</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>212</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>325</TotalLiabilitiesEOYAmt>
        <CapitalStockBOYAmt>400000</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>400000</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>15060</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>126132</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>415060</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>526132</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>415272</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>526457</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>415060</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>111072</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>526132</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>526132</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>321</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>321</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>321</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>321</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <NewSubstantialContributorsInd referenceDocumentId="990PF:124">true</NewSubstantialContributorsInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>YOUNGLEEFOUNDATION.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>YOUNG GEUN &amp; YOUNG SUN LEE FOUNDATION</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>3108198556</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>14105 S NORMANDIE AVE UNIT 1</AddressLine1Txt>
          <CityNm>GARDENA</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90249</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>YOUNG GEUN LEE</PersonNm>
          <USAddress>
            <AddressLine1Txt>14105 S NORMANDIE AVE UNIT 1</AddressLine1Txt>
            <CityNm>GARDENA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90249</ZIPCd>
          </USAddress>
          <TitleTxt>CEO</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>YOUNG SUN LEE</PersonNm>
          <USAddress>
            <AddressLine1Txt>14105 S NORMANDIE AVE UNIT1</AddressLine1Txt>
            <CityNm>GARDENA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90249</ZIPCd>
          </USAddress>
          <TitleTxt>CFO, Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <DistributableAmountGrp>
        <TaxBasedOnInvestmentIncomeAmt>321</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>321</TotalTaxAmt>
        <DistributableAsAdjustedAmt>0</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt referenceDocumentId="990PF:151">172000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>172000</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>0</DistributableAsAdjustedAmt>
        <QualifyingDistributionsAmt>172000</QualifyingDistributionsAmt>
        <RemainingDistriFromCorpusAmt>172000</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>172000</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>172000</ExcessDistriCyovToNextYrAmt>
        <ExcessFromCurrentYearAmt>172000</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>YOUNG GEUN LEE FOUNDATION INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>14105 S NORMANDIE AVE UNIT 1</AddressLine1Txt>
            <CityNm>GARDENA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90249</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3108198556</RecipientPhoneNum>
          <RecipientEmailAddressTxt>infoyoungleefoundation.org</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>Publice Charities proofs</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>Year Long</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>Public Charities</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EDENHURST COMMUNITY CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5005 EDENHURST AVE</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90039</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ASIA SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>633 W 5TH ST 3230</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90071</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KOREA TOWN SENIOR AND COMMUNITY CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>965 S NORMANDIE AVE</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90006</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KOREAN AMERICAN FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3600 WILSHIRE BLVD 722</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90010</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HANAM BOHO CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>604 111-21 DUKPUNGDONG RO</AddressLine1Txt>
            <CityNm>GEONGGIDO HANAM SI</CityNm>
            <CountryCd>KS</CountryCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INFORMATION AND SERVICE FOR AGED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>14 MANLIFERO</AddressLine1Txt>
            <CityNm>MAPO GU SEOUL</CityNm>
            <CountryCd>KS</CountryCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOUSE OF PEACE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>520 W PARKWOOD AVE</AddressLine1Txt>
            <CityNm>LA HABRA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90631</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MISSION SCHOLARSHIP FUND INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2355 VIA MARIPOSA W 2E</AddressLine1Txt>
            <CityNm>LAGUNA WOODS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92637</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>172000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="990B" softwareId="24019898" softwareVersionNum="24.0.1.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
    </IRS990ScheduleB>
    <OtherLiabilitiesSchedule documentId="990PF:120" softwareId="24019898" softwareVersionNum="24.0.1.0">
      <OtherLiabilitiesDetail>
        <Desc>Excise Tax Paybale</Desc>
        <BOYBookValueAmt>212</BOYBookValueAmt>
        <EOYBookValueAmt>325</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <SubstantialContributorsSch documentId="990PF:124" softwareId="24019898" softwareVersionNum="24.0.1.0">
      <SubstantialContributorDetail>
        <PersonNm>YOUNG GEUN LEE</PersonNm>
        <USAddress>
          <AddressLine1Txt>3921 OESTE AVE</AddressLine1Txt>
          <CityNm>STUDIO CITY</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>91604</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
      <SubstantialContributorDetail>
        <PersonNm>YOUNG SUN LEE</PersonNm>
        <USAddress>
          <AddressLine1Txt>3921 OESTE AVE</AddressLine1Txt>
          <CityNm>STUDIO CITY</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>91604</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="990PF:114" softwareId="24019898" softwareVersionNum="24.0.1.0">
      <TaxesDetail>
        <CategoryTxt>Excise Tax</CategoryTxt>
        <Amt>325</Amt>
        <NetInvestmentIncomeAmt>325</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>