Korean-American Community Foundation Inc
The Korean American Community Foundation (KACF) is a New York-based public charity founded in 2002. It provides grants and organizational-development support to nonprofit groups addressing needs in the Korean American community and beyond, with grantmaking focused on strengthening the economic security of low-income Korean Americans.
Key facts about Korean-American Community Foundation Inc
In short: Korean-American Community Foundation Inc gave $4.6M across 43 grants in 2024 (avg $108K), top state New York. 67% of 2024 grantees were new. Source: 2024 IRS Form 990.
- EIN
- 16-1643114
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $4,634,912
- Grants made (2024)
- 43
- Average grant
- $107,789
- Median grant
- $88,000
- New grantees (estimate)
- 67% first-time grantees (29 of 43, 2024)
- Total assets
- $10,354,740
- Primary geography
- New York (46% of itemized 2024 grant dollars)
- Deadline
- August 29, 2027.
- Next open deadline
- August 29, 2027 (Community Grants)
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990 · 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
Is Korean-American Community Foundation Inc open to new grantees?
67%
first-time grantees, 2024
In 2024, 29 of 43 grantees (67%) were first-time recipients. First grants averaged $91K; repeat grants $143K. How we count
Medians: $77K first-time, $145K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
KACF states that it provides grants and capacity-building assistance to organizations addressing pressing needs in the Korean American community and beyond. Its mission also includes magnifying the impact of supporters’ giving and building bridges across generations and communities. The foundation describes economic security as including educational attainment, meaningful employment, financial capability, access to public benefits, affordable housing and homeownership, and other routes to immediate and long-term stability.
KACF funds programs and initiatives addressing areas including housing and homelessness, mental health, unemployment, health care access, domestic violence, budget equity and advocacy, research, and narrative change. Its stated funding strategies include direct service, leadership development, community organizing, advocacy, and research. It also provides organizational-development support, including capacity-building assistance.
Its 2024 grantees illustrate the range of organizations supported. Asian American Federation describes its work as raising the influence and well-being of the pan-Asian American community through research, policy advocacy, public awareness, and nonprofit support. New Beginning for Special Needs describes providing services and tools to promote independence for people with special needs. Woori Center describes empowering and organizing Korean and Asian Americans in Pennsylvania through arts, education, and activism.
Grantmaking
KACF reports that it has invested $20 million in grants to 85 unique grantee partner organizations and more than 380 initiatives since it began making grants in 2003. In filing year 2024, it reported 43 grants totaling $4,634,912. Grant amounts ranged from $5,500 to $226,094, with a median of $88,000.
Review Cycle
August 29, 2027.
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
Ready to take the next step with Korean-American Community Foundation Inc?
Geographic Focus
Where this funder awards grants
The current Community Grants process is national, inviting eligible organizations across the United States to apply regardless of where they are based or which communities they serve. Organizations based in the San Francisco Bay Area are encouraged to apply through KACF-SF’s separate Community Grants program.
In 2024, 46% of grant dollars went to recipients in New York, 19% to California, 10% to New Jersey, 8% to Illinois, and 8% to Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 43 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $992K (2020) to $4.6M (2024). In 2024 it made 43 grants totaling $4.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Asian American Federation ($226K). Together the top 10 received $2.0M.
Grant Size Distribution
146 grants across all recorded years
The most common grant size was in the $50–100K range: 58 grants of 146 (40%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Asian American Federation NY, NY | Enhance Voter Education GSNC | $226,094 |
| FCCGW 1952 Gallows Vienna, VA | Prof. Counseling Services GSNC | $226,094 |
| Korean Amer Family Service Center Flushing, NY | Support for Dom. Viol. Victims GSNC | $226,094 |
| YWCA of Queens Flushing, NY | Competent Case Management Svcs | $225,000 |
| Community Resource Exchange NY, NY | Support Fellows CRE Supervision | $220,500 |
| 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 |
| KAN-WIN 1440 Rennaisance Park Ridge, IL | Support Survivors of Gender-based Viol. | $160,944 |
| New Beginning for Special Needs Norwood, NJ | Rehabilitation for Adults with Dev. Dbl | $150,000 |
| Renaissance Econ Dev Corp New York, NY | Expand Small Business Support | $150,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $10,354,740 | $8,471,216 | $6,339,018 | $4,634,912 | 43 |
| 2023 | $5,839,524 | $2,723,571 | $3,378,452 | $2,027,000 | 35 |
| 2022 | $5,808,291 | $3,884,951 | $3,105,762 | $1,826,000 | 22 |
| 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 |
| Net Investment Income | $403,683 | $191,992 | $-24,855 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS January 13, 2022)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 19, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kyung B. Yoon as president and CEO; Brennan Gang as vice president of programs and operations; Jeannie Park as chair; and David H. Lee as treasurer. It also lists S. Steven Yang, Lisa Kim, Richard Park, Michael K. Chung, and Judy Kim as directors. Chul Pak is listed as a director who resigned in June 2024.
Korean-American Community Foundation Inc is led by Kyung B. Yoon, President CEO since 2024 (on filings since 2020); 2 of 19 officers listed in 2024 are compensated.
Officers on the 2024 filing
Kyung B. Yoon
President CEO
President → President CEO, 2024
On filings since 2020
40 hrs/week
$167K (2020) → $262K (2024)
Jeannie Park
Chair
Director → Vice Chair, 2021
Vice Chair → Chair, 2022
On filings since 2020
2 hrs/week
No compensation reported
Chris Park
Director
On filings since 2020
0.3 hrs/week
No compensation reported
James Seo
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Judy Kim
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Michael K. Chung
Director
Director & Secretary → Secretary, 2022
Secretary → Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Richard Park
Director
On filings since 2020
0.3 hrs/week
No compensation reported
S. Steven Yang
Director
Chair → Director, 2021
On filings since 2020
0.3 hrs/week
No compensation reported
Cathy Oh
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Edward J. Lee
Director
Director Started → Director, 2022
On filings since 2021
0.3 hrs/week
No compensation reported
Lisa Kim
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Josephine Shin
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Jumee Song
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Michael Park
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Phil Lee
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Sue Kim
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Brennan Gang Vice President
Of Programs Operations
On filings since 2021
40 hrs/week
$133K (2021) → $198K (2024)
David H. Lee
Treasurer
On filings since 2020
1 hr/week
No compensation reported
David K. Park
Secretary
Director → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Former officers (7)
- Former: Chul Pak (2020–2024) — Director · Filing note: Resigned on June 2024
- Former: Prisca Bae (2020–2024) — Director · Filing note: Resigned on June 2024
- Former: Alex Chi (2020–2023) — Director -
- Former: Eun Sun Chun (2020–2021) — Director
- Former: Jay Kim (2020–2021) — Director
- Former: Brennan Gang Deputy Director (2020) — Director of Programs
- Former: Catherine Oh (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $262K, to Kyung B Yoon (President CEO). 2 officers or directors reported compensation on that filing.
Contact
Mailing address: 135 East 64Th Street 2Nd Floor, New York, NY 10065
Phone: (646) 878-9427
Website: https://kacfny.org
Frequently asked questions about Korean-American Community Foundation Inc
How much does Korean-American Community Foundation Inc give each year?
Korean-American Community Foundation Inc gave $4.6M across 43 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $2.0M across 35 grants.
What is Korean-American Community Foundation Inc's typical grant size?
Korean-American Community Foundation Inc's median grant in 2024 was $88,000, and its average grant was $107,789, across 43 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Korean-American Community Foundation Inc that year got $91K on average.
Where does Korean-American Community Foundation Inc give grants?
Korean-American Community Foundation Inc's top state is New York, with 46% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were California (19%) and New Jersey (10%). The most frequent recipient cities were Los Angeles, CA (8 grants), Flushing, NY (6 grants), New York, NY (5 grants) and Chicago, IL (3 grants).
Does Korean-American Community Foundation Inc give general operating support?
Not in 2024: none of the 43 grants with a stated purpose on Korean-American Community Foundation Inc's 2024 IRS Form 990 were described as general or operating support.
Who are Korean-American Community Foundation Inc's largest grantees?
Korean-American Community Foundation Inc's largest 2024 grantees include Asian American Federation ($226,094), FCCGW 1952 Gallows ($226,094) and Korean Amer Family Service Center ($226,094), according to its 2024 IRS Form 990. Together they received 15% of its itemized 2024 grant dollars.
How large is Korean-American Community Foundation Inc?
Korean-American Community Foundation Inc reported $10.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $8.5M.
What does Korean-American Community Foundation Inc fund?
KACF states that it provides grants and capacity-building assistance to organizations addressing pressing needs in the Korean American community and beyond. Its mission also includes magnifying the impact of supporters’ giving and building bridges across generations and communities. See mission & focus areas ↑
How do I apply for a grant from Korean-American Community Foundation Inc?
Korean-American Community Foundation Inc has no public application process in the sources Grantable reviewed. Check kacfny.org for current guidelines, or contact the foundation directly before submitting a request.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching Korean-American Community Foundation Inc by hand.
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