Korean-american Community Foundation Inc
The Korean American Community Foundation (KACF) is a 501(c)(3) public charity based in New York, NY, founded in 2002 and tax-exempt since February 2003. KACF transforms and empowers communities through philanthropy, volunteerism, and inter-community bridge building. The organization serves the Korean American community—the fifth largest Asian American ethnic group with a population of nearly 2 million in the United States—while also supporting broader populations in need.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.4M
+77.3% YoY
Annual Giving
$4.6M
+128.7% YoY
Grant Count
43
+22.9% YoY
Avg Grant Size
$108K
+86.1% YoY
Mission & Focus Areas
KACF's mission is to transform and empower communities through philanthropy, volunteerism, and inter-community bridge building. The Foundation pursues this through grantmaking that promotes self-sufficiency for the underserved and under-resourced, raising awareness of community needs and issues, and fostering a culture of giving among Korean Americans, corporations, and foundations.
Primary funding focus areas include:
- Housing and homelessness
- Mental health
- Unemployment and economic security
- Health care access
- Domestic violence
- Budget equity and advocacy
- Research and narrative change
- Human services
Grantmaking
KACF has invested $20 million in cumulative grantmaking since its founding, supporting 85 unique grantee partner organizations and more than 380 initiatives. As of 2024, the Foundation awarded $4,490,289 in grants.
Grant Range
s:** Typical awards range from $5,500 to $300,000.
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Geographic Focus
Where this funder awards grants
KACF makes grants primarily in New York, New Jersey, and California, with national grantmaking opportunities. The organization operates a subordinate entity, the Korean American Community Foundation of San Francisco, which focuses on the Bay Area region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $10,354,740
- Total Revenues: $8,471,216
- Total Expenses: $6,339,018
- Total Giving: $4,490,289
- Staff: 10 employees
Recent Major Gift: KACF received a $5 million gift from MacKenzie Scott.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,354,740 | $5,839,524 | $5,808,291 |
| Revenue | $8,471,216 | $2,723,571 | $3,884,951 |
| Expenses | $6,339,018 | $3,378,452 | $3,105,762 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $403,683 | $191,992 | $-24,855 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
146 grants across all recorded years
Open Grants
3 open opportunities from Korean-american Community Foundation Inc
Community Grants
KOREAN-AMERICAN COMMUNITY FOUNDATION INC
Amount
Up to $100,000 annually (3-year grant)
Deadline
August 29, 2027
KACF: Community Grant
KOREAN-AMERICAN COMMUNITY FOUNDATION INC
Amount
Up to US $100,000
Deadline
Rolling / Open
KACF: Community Grants (NY/NJ)
KOREAN-AMERICAN COMMUNITY FOUNDATION INC
Amount
Up to US $100,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Asian American Federation ($226,094), FCCGW 1952 Gallows ($226,094), Korean Amer Family Service Center ($226,094).
| Recipient | Purpose | Amount |
|---|---|---|
| AAAJ Chicago 4716 N Broadway Chicago, IL | Implement Language Equity Access Act | $75,000 |
| AJSOCAL 2401 East Katella Anaheim, CA | Legal Aid Services and Workshops | $75,000 |
| Asian American Federation NY, NY | Enhance Voter Education GSNC | $226,094 |
| Asian Americans for Equality New York, NY | Develop Transitional Housing | $140,000 |
| Asian Pacific Amer Legal Res Ctr Washington, DC | Civil Legal Svcs to Victims of Dom Viol. | $50,000 |
| Asian Women's Christian Assoc Teaneck, NJ | Social Welfare Svcs in NJ GSNC | $81,362 |
| Bergen Volunteer Medical Initiative Hackensack, NJ | Free Medical Care to Uninsured GSNC | $86,094 |
| Chinese Amer Planning Council New York, NY | Korean Child Care Project | $210,000 |
| Community Inclusion & Dev Alliance Bayside, NY | Svcs to Indiv with Disabilities GSNC | $181,094 |
| Community Resource Exchange NY, NY | Support Fellows CRE Supervision | $220,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KYUNG B YOON | PRESIDENT CEO | 40 | $262,116 |
| BRENNAN GANG VICE PRESIDENT | OF PROGRAMS OPERATIONS | 40 | $198,383 |
| S STEVEN YANG | DIRECTOR | 0.25 | — |
| LISA KIM | DIRECTOR | 0.25 | — |
| CHUL PAK - RESIGNED ON JUNE 2024 | DIRECTOR | 0.25 | — |
| JEANNIE PARK | CHAIR | 2 | — |
| RICHARD PARK | DIRECTOR | 0.25 | — |
| MICHAEL K CHUNG | DIRECTOR | 0.25 | — |
| JUDY KIM | DIRECTOR | 0.25 | — |
| DAVID H LEE | TREASURER | 1 | — |
| DAVID K PARK | SECRETARY | 1 | — |
| CATHY OH | DIRECTOR | 0.25 | — |
| PRISCA BAE - RESIGNED ON JUNE 2024 | DIRECTOR | 0.25 | — |
| CHRIS PARK | DIRECTOR | 0.25 | — |
| JAMES SEO | DIRECTOR | 0.25 | — |
| EDWARD J LEE | DIRECTOR | 0.25 | — |
| MICHAEL PARK | DIRECTOR | 0.25 | — |
| JUMEE SONG | DIRECTOR | 0.25 | — |
| JOSEPHINE SHIN | DIRECTOR | 0.25 | — |
| SUE KIM | DIRECTOR | 0.25 | — |
| PHIL LEE | DIRECTOR | 0.25 | — |
Recent News & Activity
Recent developments and announcements
**$20 Million Milestone:** KACF celebrated reaching $20 million in cumulative grantmaking since its founding, with $3 million in new funding announced for nonprofits nationwide.
PRESS RELEASE: KACF Announces $3 Million in New Community Grants**New Initiative - Aging Care Together:** KACF launched a new initiative to strengthen support for Korean Americans caring for parents living with dementia, including hosting conversations on dementia for family caregivers.
KACF-SF Awards $400,000 in Community Grants in Support of the Korean American**2025-26 Grantee Partners:** KACF announced its 2025-26 grantee partners and opened its 2025 Community Grants RFP for nonprofits nationwide.
KACF-SF Awards $400,000 in Community Grants in Support of the Korean American**Research Focus:** KACF funds research initiatives at regional and national levels to deepen understanding of how Korean and Asian Americans are impacted by poverty, and conducts studies of the nonprofit and philanthropic landscape to better support grantee partners and advocate for equitable support of Korean- and Asian American-led nonprofits.
KACF-SF Awards $400,000 in Community Grants in Support of the Korean AmericanSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Korean-american Community Foundation Inc fund?
KACF's mission is to transform and empower communities through philanthropy, volunteerism, and inter-community bridge building. The Foundation pursues this through grantmaking that promotes self-sufficiency for the underserved and under-resourced, raising awareness of community needs and issues, and fostering a culture of giving among Korean Americans, corporations, and foundations. Primary funding focus areas include: • Housing and homelessness • Mental health • Unemployment and economic secur…
How do I apply for a grant from Korean-american Community Foundation Inc?
KACF has invested $20 million in cumulative grantmaking since its founding, supporting 85 unique grantee partner organizations and more than 380 initiatives. As of 2024, the Foundation awarded $4,490,289 in grants. **Grant Sizes:** Typical awards range from $5,500 to $300,000. **Recent Grant Activity:** In 2024-2025, KACF announced $3 million in new funding for nonprofits nationwide. Recent grantees have included organizations such as The Family Counseling Center of Greater Washington, Korean A…
Where does Korean-american Community Foundation Inc make grants?
KACF makes grants primarily in New York, New Jersey, and California, with national grantmaking opportunities. The organization operates a subordinate entity, the Korean American Community Foundation of San Francisco, which focuses on the Bay Area region.
What size grants does Korean-american Community Foundation Inc award?
In 2024, Korean-american Community Foundation Inc awarded 43 grants totaling $4.6M — an average of about $108K per grant, based on its IRS Form 990 filings.
What is Korean-american Community Foundation Inc's EIN?
Korean-american Community Foundation Inc's EIN (Employer Identification Number) is 16-1643114. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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