Grants
Philanthropy by and for the community.
Over the past 22 years, we have distributed $14 million in grants and supported over 400 projects helping low-income Korean and Asian American immigrants in the greater New York area. We established a National Grants program to support projects that are aligned with our grantmaking goals: increasing the economic security of low-income Korean and Asian Americans.
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About Community Grants
Community Grants are available to only organizations based in New York and New Jersey.
We are interested in projects that are looking to:Provide services to address short- and long-term needs to achieve economic security (i.e. education, workforce development, public benefits counseling, affordable housing, healthcare, etc.)Engage in community organizing and advocacy to address root causes of economic instability and poverty and/or advocate for systems change to ensure more resources are accessible to our community
Grant Amount
The maximum grant amount is $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.
Grant Period & Renewal
Community Grants are multi-year (3 years). Grantee partner organizations do not need to reapply after the first year of funding. No organization will receive more than one Community Grant in any one grantmaking year.
If you have any questions please email Young Bae at young@kacfny.org.
Key Dates
| RFP Briefing (Virtual) | Thursday, August 1 (1-2pm ET) |
| Application Deadline | Friday, August 30, 2024 |
| Initial Review Notification | Early September 2024 |
| Site Visits | September–November 2024 |
| Grant Period | December 15, 2024–December 15, 2026 |
About National Grants
Community Grants are available to only organizations based in New York and New Jersey.
We are interested in projects that are looking to:
- Close the data gaps on the needs of the Korean American community
- Seed or support ongoing collaborative or coalition-building projects
- Nationally-focused projects to address barriers to economic security
- Regional projects aligned with our grantmaking goal
Grant Amount
The maximum grant amount is $75,000. We provide general operating and program-specific support. General operating grants are only available to organizations with a budget of $3 million or less.
Grant Period & Renewal
National Grants are multi-year (2 years). No organization will receive more than one National Grant in any one grantmaking year. National Grants are awarded once a year.
Key Dates
| RFP Briefing (Virtual) | Thursday, August 1 (1-2pm ET) |
| Application Deadline | Friday, August 30, 2024 |
| Initial Review Notification | Early September 2024 |
| Site Visits | September–November 2024 |
| Grant Period | December 15, 2024–December 15, 2026 |
Eligibility
The Foundation prioritizes organizations that are working with Korean Americans as a target population or within the larger group of constituents served by the program.
We are particularly interested in organizations that:
- are working with Korean Americans either as a target population or within the larger group of constituents served by the organization/program
- are engaging in partnerships with other community organizations and stakeholders
- have the intention of providing comprehensive support to constituents
- are measuring and documenting quantitative and qualitative outcomes
- can clearly articulate how KACF’s grant will advance their work
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
- have filed IRS Form 990 and/or audited financials
Funding Restrictions
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
How We Define “Economic Security”
We define economic security as having the resources to realize the full economic potential of individuals and families through educational attainment, meaningful employment, financial literacy, public benefits, access to affordable housing and home- ownership, and other pathways to immediate and long-term economic stability.
