We are the fifth largest Asian American ethnic group with over 1.7 million Korean Americans living in the United States, and nearly 240,000 in New York and New Jersey combined. Although many Korean Americans are gaining success and thriving in this country, there are also many who are struggling. KACF’s mission is to address the needs of these under-resourced and underserved individuals and families and create opportunities to break the cycle of poverty.
THE CHALLENGES IN OUR COMMUNITY
Here are just a few of the issues our low-income Korean American neighbors face today.
- 18% of Korean Americans live in poverty.
- 16% of working-age Korean New Yorkers are unemployed.
- 94% of Korean seniors have limited English proficiency.
THE SOLUTIONS WE DRIVE
- BUILD ECONOMIC STABILITY
Economic security is the critical foundation towards building self-sufficiency, increased quality of life and long term stability. We invest in job training programs, ESL and skills-building classes, academic enhancement and youth leadership initiatives, asset building programs, and much more.
- IMPROVE NONPROFIT EFFECTIVENESS
KACF created an innovative management assistance program to help our grantee partners succeed through strategic planning, board development, fundraising and more. Nonprofits are an important safety net in our community, and strong nonprofits are critical to the overall health of a community.
- DEVELOP STRATEGIC PHILANTHROPISTS
KACF cultivates philanthropic leaders, creating opportunities to learn about the pressing needs in our society and how to be part of the solution. We instill a culture of giving that is collective and strategic among Korean Americans to promote lasting changes in the community.