The Korean American Community Foundation® transforms and empowers communities through philanthropy, volunteerism and inter-community bridge building. KACF pursues these goals through grantmaking that promotes self-sufficiency for the underserved and under-resourced, through raising awareness of needs and issues, and by fostering a culture of giving.
Who We Are
The Korean American Community Foundation (KACF) was founded in 2002 by a group of Korean American leaders with the simple idea of creating an organization that helps fellow Koreans and gives back to the community. The goal was to address the challenges in the community by raising funds for organizations on the front lines of serving under-resourced Korean American individuals and families, while also mobilizing Korean Americans to embrace a culture of giving.
In December of 2002, the Foundation was incorporated as a 501(c)3 nonprofit organization, and in 2003, awarded our first grants totaling $60,000 to five nonprofit organizations. Since then, KACF has grown to become a trusted source of philanthropy within the Korean and Asian American communities. To date, KACF has given more than $7.7 million in grants to community-based organizations working to empower the lives of individuals, strengthen families and transform communities.
What We Do
KACF provides grants and organizational development support to nonprofits working to address the most pressing needs in the Korean American community and beyond. We foster philanthropic giving among Korean Americans, corporations, and foundations by providing our supporters with an effective vehicle to magnify the impact of their giving.
The Korean American Community Foundation (KACF) was founded in 2002 with the vision of strengthening the lives of individuals and families in the Korean American community and beyond through grantmaking and cultivation of a culture of giving.
Economic security is the critical foundation that enables vulnerable populations to achieve self-sufficiency, increase the quality of life and build strong futures and we invest 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, access to affordable housing and home-ownership, and other pathways to immediate and long-term economic stability.
KACF employs participatory grantmaking model through our Community Grants Committee. Following comprehensive training, participants evaluate grant proposals and conduct site visits under the guidance of the KACF Program Director and make recommendations for funding.
In 2005, KACF received funding from the Ford Foundation to promote inter-ethnic cross-racial community and relationship building efforts. The Foundation hosted the Inter-Community Collaborative Forum Series and convened a discussion on advancing the state of race relations across ethnic communities and among multiple community and city stakeholders. It also awarded four Inter-Community Development Fund grants totaling $33,000 to nonprofit organizations working to promote stronger inter-community building efforts. Since 2013, KACF incorporated Inter-Community Development program within our general grantmaking and reaffirmed our commitment to continuing this work.
As a part of the Ford Foundation grant and to document the growth of an emerging ethnic-based philanthropy, the Ford Foundation commissioned a case study of KACF. To read the case study, please click here.
Improving Nonprofit Effectiveness
Stronger nonprofits make stronger communities. Investing in high performing nonprofits and supporting their organizational development enhances the impact of their work and enables our community to be stronger.
Promote a Culture of Giving
KACF strives to instill a strategic and collective culture of giving among Korean Americans to make lasting changes together across communities and generations. Our goal is to help donors and volunteers understand the pressing needs in our community by leveraging their expertise and financial resources.
Since KACF’s founding, volunteers have played an integral role in the success of the Foundation. We engage volunteers through various initiatives including the Community Grants Committee (CGC), our e-newsletter, and fundraising events such as our Gala, Golf Classic, and A Dollar a Day for Our Neighbors.