Korean-American Community Foundation Inc
Korean-American Community Foundation Inc is a New York, New York-based public charity that provides grants and organizational development support to nonprofits addressing needs in the Korean American community and beyond. Founded in 2002, it works to strengthen economic security for low-income Korean American individuals and families.
Korean-American Community Foundation Inc at a glance
In short: Korean-American Community Foundation Inc gave $4.6M across 43 grants in 2024 (avg $108K), top state New York. 63% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $4,634,912
- +128.7% vs 2023
- Grants made (2024)
- 43
- +22.9% vs 2023
- Average grant
- $107,789
- +86.1% vs 2023
- Median grant
- $88,000
- Total assets
- $10,354,740
- +77.3% vs 2023
- New grantees (estimate)
- 63% first-time grantees (27 of 43, 2024)
- Primary geography
- New York (46% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Korean-American Community Foundation Inc
- How to Apply
-
Eligible nonprofits apply through the Community Grants application. The program prioritizes organizations serving Korean Americans and also considers partnerships with community organizations and comprehensive support for constituents. The grants page provides access to the application and information-session slides.
- Next open deadline
- August 29, 2027 (Community Grants)
- Contact
Mailing address: 135 East 64Th Street 2Nd Floor, New York, NY 10065
Phone: (646) 878-9427
Website: https://kacfny.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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
Expected ~August
Based on past cycles
KACF: Community Grant
Korean-American Community Foundation Inc
Amount
Up to US $100,000
Deadline
Deadline not published
KACF: Community Grants (NY/NJ)
Korean-American Community Foundation Inc
Amount
Up to US $100,000
Deadline
Deadline not published
Who Korean-American Community Foundation Inc funds
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%).
Geographic Focus
Where this funder awards grants
KACF’s 2026 Community Grants program invites eligible nonprofits across the United States to apply, regardless of where they are based or whom they serve, provided they meet the program criteria. In 2024, the largest shares of grant dollars went to recipients in New York (46%), California (19%), New Jersey (10%), Illinois (8%), and Virginia (8%).
Grant Distribution by State
Share of 2024 grant dollars across all 43 itemized grants.
Cities
Is Korean-American Community Foundation Inc open to new grantees?
63%
first-time grantees, 2024
In 2024, 27 of 43 grantees (63%) were first-time recipients. First grants averaged $88K; repeat grants $141K. 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.
Giving History
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.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $10,354,740 | $8,471,216 | $6,339,018 | $4,634,912 | 43 | $403,683 |
| 2023 | $5,839,524 | $2,723,571 | $3,378,452 | $2,027,000 | 35 | $191,992 |
| 2022 | $5,808,291 | $3,884,951 | $3,105,762 | $1,826,000 | 22 | $-24,855 |
| 2021 | $4,855,167 | $3,532,545 | $2,526,804 | $1,778,000 | 26 | $5,565 |
| 2020 | $2,863,182 | $2,223,370 | $1,714,507 | $992,000 | 20 | $11,330 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
KACF’s stated mission is to build thriving communities by fostering a culture of giving that catalyzes the collective generosity of Korean Americans. It says its grantmaking supports economic security, including pathways such as education, meaningful employment, financial capability, access to public benefits, and affordable housing and homeownership. Its stated program areas also include housing and homelessness, mental health, unemployment, health care access, domestic violence, budget equity and advocacy, research, and narrative change.
KACF provides grants and capacity-building support to nonprofit organizations. Its 2026 Community Grants program prioritizes organizations working with Korean Americans, either as a target population or within a broader group of constituents served. The 2024 grants included, among others, the Korean American Family Service Center, whose mission is to support and empower people in the New York tri-state area and prevent domestic violence; YWCA of Queens, which says it works to eliminate racism and empower women while supporting families’ self-sufficiency; and Renaissance Economic Development Corporation, which says it provides financing and technical assistance to small businesses in low-income New York City neighborhoods.
Grantmaking
In filing year 2024, KACF reported 43 grants totaling $4,634,912. Grants ranged from $5,500 to $226,094, with a median of $88,000. Among its largest reported awards were $226,094 to Asian American Federation for voter education, $226,094 to FCCGW 1952 Gallows for professional counseling services, and $226,094 to Korean American Family Service Center for support for domestic violence victims. Other large awards included $225,000 to YWCA of Queens for case management services and $210,000 to Chinese American Planning Council for a Korean child care project.
KACF’s grants page says the 2026 Community Grants program is accepting proposals through a unified application process for eligible nonprofit organizations across the United States. The grants are for three years, with a maximum annual award of $100,000. Support may be for general operating or specific programs; general operating grants are limited to organizations with budgets of $5 million or less. The foundation also identifies partnerships with community organizations and comprehensive support for constituents as priorities.
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; David H. Lee as treasurer; and S. Steven Yang, Lisa Kim, Richard Park, Michael K. Chung, and Judy Kim as directors. The filing lists Chul Pak 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.
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 $88K 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’s stated mission is to build thriving communities by fostering a culture of giving that catalyzes the collective generosity of Korean Americans. See mission & focus areas ↑
How do I apply for a grant from Korean-American Community Foundation Inc?
Eligible nonprofits apply through the Community Grants application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
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
Live grants for the work Korean-American Community Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Korean-American Community Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Korean-American Community Foundation Inc funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/korean-american-community-foundation-inc-morg_fd1c02d778294533b2fe0c93debec32d
BibTeX
@misc{grantable_161643114_2026,
author = {{Grantable}},
title = {{Korean-American Community Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/korean-american-community-foundation-inc-morg_fd1c02d778294533b2fe0c93debec32d},
note = {Accessed 2026-10-21. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Korean-American Community Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Korean-American Community Foundation Inc down — hundreds of funders to go?