KACF: Community Grant

KACF: Community Grant

Status: ACTIVE
Funder: Korean American Community Foundation
Amount: Up to US $100,000
Last Updated: July 22, 2025

Summary

The Korean American Community Foundation (KACF) offers a community grant to support programs enhancing the economic security of low-income Korean Americans. This multi-year grant provides up to $100,000 annually for organizations focused on education, employment, and financial stability. KACF prioritizes partnerships that address the unique challenges faced by Korean Americans, fostering a culture of giving and community engagement to empower individuals and transform lives.

Overview

Who we are The Korean American Community Foundation® (KACF) was founded in 2002 by a group of Korean American leaders in New York with a simple idea: philanthropy by and for the community. The goal was to address the chronic underinvestment in the Korean immigrant community by raising funds for programs serving under-resourced Korean American individuals and families, while also mobilizing community members to engage in a culture of giving. In December of 2002, the Foundation was incorporated as a 501(c)3 nonprofit organization, and in 2003, we awarded our first grants totaling $60,000 to five nonprofit organizations. Since then, KACF has grown to become a trusted partner and leading funder in advancing economic security in the Korean and Asian American communities. As of today, KACF has given more than $14 million in grants and capacity-building support to community-based organizations working to empower individuals, strengthen families and transform communities impacted by poverty Our mission To build more equitable and thriving communities by fostering a culture of giving that catalyzes the collective generosity of Korean Americans. Grants KACF invests in programs that strengthen the economic security of low-income Korean Americans. 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. For youth, economic security may begin with access to quality education, mentorship, leadership development, and early exposure to career pathways and financial literacy. We fund direct service, leadership development, community organizing, advocacy, research and other strategies that effectively lead to change. Community Grants KACF invests in programs that strengthen the economic security of low-income Korean Americans. 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. For youth, economic security may begin with access to quality education, mentorship, leadership development, and early exposure to career pathways and financial literacy. We fund direct service, leadership development, community organizing, advocacy, research, and other strategies that effectively lead to change. Funding This is a multi-year grant for 3 years with the maximum annual grant amount of $100,000. We provide general operating and program-specific support. General operating grants are only available to organizations with a budget of $3 million or less.

Eligibility

You can learn more about this opportunity by visiting the funder's website. KACF will only consider organizations that:are a registered 501(c)3 nonprofit organization or have a fiscal sponsor that is 501(c)3; 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.

Ineligibility

KACF does not provide funding for:individuals; capital fund projects; endowments; fundraising events; feasibility studies; real estate purchases; 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 statutes.