The Korean American Community Foundation (KACF) aims to tackle the chronic underinvestment in the Korean immigrant community by raising funds for programs that support under-resourced Korean American individuals and families. By mobilizing community members to engage in philanthropy, KACF seeks to empower low-income Korean and Asian American immigrants, primarily in the greater New York area, and has expanded its initiatives nationally to address the needs of communities in regions with significant Korean American populations.
KACF's National Grants program extends its mission beyond New York and New Jersey, focusing on projects outside these areas. The program supports efforts that aim to close data gaps on the Korean American community's needs, foster collaborative or coalition-building projects, address economic barriers on a national scale, and initiate regional projects that resonate with KACF's grantmaking goal of increasing economic security among low-income Korean and Asian Americans. Economic security is defined broadly, encompassing access to education, employment, financial literacy, public benefits, affordable housing, and homeownership as means to achieve both immediate and long-term stability. Grants up to $50,000 are available for either general operating or program-specific support, catering to organizations with budgets of $3 million or less, and are awarded for a one-year period, with the possibility of reapplication encouraged through consultation with the KACF Program team. National Grants are distributed annually.
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