What KACF Grants Support

 

KACF invests in programs that strengthen the economic security of low-income Korean Americans in the greater New York metropolitan area. 

We define economic security as having the resources to realize the full economic potential of individuals and families through educational attainment, meaningful employment, financial education, public benefits, legal services, access to affordable housing and home-ownership, and other pathways to immediate and long-term economic stability.  

KACF supports direct service programs, as well as those that address root causes that are barriers to economic security.

The Foundation prioritizes organizations that are working with Korean Americans as a target population or within the larger group of constituents served by the program.

Our 2021 grant cycle is closed.  The RFP for our next cycle will be available in June 2022.

If you have any questions about grantmaking, please contact our Program Director, Brennan Gang, at brennan@kacfny.org.  

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1) Grant Information

KACF grants are for a one-year period.

• Grantee partner organizations must re-apply each year up to a maximum of 3 consecutive years and then take a one-year mandatory “break”.  Grantee partners are eligible to apply the following year.
• No organization will receive more than one Community Grant from KACF in any one grantmaking year.
• The maximum grant amount is $100,000.
• KACF provides general operating and program-specific support. An organization with a budget of $2 million or less may request general operating or program-specific support.
• The Foundation awards Community Grants once a year.

 

2) Grant Eligibility

KACF will only consider organizations that:

• Are a registered 501(c)3 nonprofit organization or have a fiscal sponsor that is 501(c)3; 
• Are located within the greater New York Metropolitan area (CSMA as defined by the U.S. Government);
• Have an operational history of at least 6 months;
• Have an established and working Board of Directors; and
• Have filed IRS Form 990 and/or audited financials.

 

3) Grant Priorities

KACF is particularly interested in organizations that:

• Are working with Korean Americans either as a target population or within the larger group of constituents served by the organization/program.
• Are engaging in partnerships with other community organizations and stakeholders;
• Have the intention of providing comprehensive support to constituents;
• Are measuring and documenting quantitative and qualitative outcomes; and
• Can clearly articulate how KACF’s grant will advance their work.

 

4) Funding Restrictions

KACF does not provide funding for:

• Individuals;
• Capital fund projects;
• Endowments;
• Fundraising events;
• Feasibility studies;
• Real estate purchases;
• National or international organizations;
• Public or private schools, colleges or universities;
• Political causes or campaigns to elect candidates to public office;
• Programs that do not comply with Federal, state, or local equal employment statues; or
• Organizations that are based outside the New York Metropolitan area.

 

5) Timeline (exact dates TBD)

KACF Grant Application Available	July 31, 2021
Grant Application Deadline	September 15, 2021
Initial Review Notification	early October 2021
Site Visits	October-early November 2021
Notification of Grant Awards	December 2021
2021 Grant Year	December 15, 2021 – December 15, 2022

 Please click here to access the online application.  

Organizations are encouraged to contact Brennan Gang, Vice President of Programs & Operations, with questions: brennan@kacfny.org.