Posted on January 22, 2018
What We Support
Economic security is the critical foundation that enables vulnerable populations to achieve self-sufficiency, increase the quality of life and build strong futures. In recognition of this, KACF invests in programs that strengthen the economic security of low-income Korean Americans in the greater New York metropolitan area.
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, legal services, access to affordable housing and home-ownership, and other pathways to immediate and long-term economic stability.
KACF supports direct service programs as well as those that address root causes which are barriers to economic security for low-income individuals and families.
The Foundation prioritizes organizations that are working with Korean Americans either as a target population or within the larger group of constituents served by the program. Additionally, we support programs that seek to engage and serve the Korean American community.
1) Grant Information
Community Grants are for a one-year period.
- Grantee partner organizations must re-apply each year up to a maximum of 3 consecutive years and then take one-year mandatory “break”. Grantee partners are eligible to apply the following year.
- No organization will receive more than one Community Grant from KACF in any one grantmaking year.
- Maximum grant amount is $75,000.
- KACF provides general operating and program-specific support. An organization with a budget of $2 million or less may request a general operating or a program-specific support.
- The Foundation awards Community Grants once a year.
Resilience Fund is a one-year grant.
- Only past KACF grantee partners are eligible to apply.
- Maximum grant amount is $35,000.
- Resilience Fund must focus on building the resilience of the organization. Requests may, include but not limited to, funding towards administrative/development staff salary, hardware, systems upgrade and consultants.
2) Grant Eligibility
KACF will only consider organizations that:
- Are a registered 501(c)3 nonprofit organization or have a fiscal sponsor that is 501(c)3;
- Are located within the greater New York Metropolitan area (CSMA as defined by the US Government);
- 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.
3) Grant Priorities
KACF is 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;
- Are measuring and documenting quantitative and qualitative outcomes; and
- Can clearly articulate how KACF’s grant will advance their work.
4) Funding Restrictions
KACF does not provide funding for:
- Capital fund projects;
- Fundraising events;
- Feasibility studies;
- Real estate purchases;
- National or international organizations;
- 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 statues; or
- Organizations that are based outside the New York Metropolitan area.
KACF Grant Application Available — Friday, December 15, 2017
Grant Application Deadline — Thursday, February 15, 2018
Initial Review Notification — late March 2018
Site Visits April – mid May 2018
Notification of Grant Awards — June 2018
2017 Grant Year July 1, 2018 – June 30, 2019
Organizations are encouraged to contact Brennan Gang, Program Director, with questions at email@example.com.