Thanks to our generous donors, in this extraordinary year alone, we invested $1 million in grants — a historic record for the Foundation. With KACF funding, one of our grantee partners, Renaissance Economic Development Corporation (REDC), saved 45 Korean-owned small businesses through $700,000 in emergency loans in the early months of the pandemic, when NYC shops were forced to pause.
“Even though COVID made business very difficult, it also brought opportunities to be creative and pivot in this new environment as a small business owner. With REDC’s support, I am reaching new customers through social media channels like Instagram, Facebook, and KakaoTalk.”
“I am so thankful that there are people in our community, especially second-generation Korean Americans, who are supportive.”