California · Nonprofit
KOREAN AMERICAN FOUNDATION
KOREAN AMERICAN FOUNDATION (California) receives grants from 18 organizations whose IRS filings report $4,218,608 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($2,000,000). 9 of them have funded it in more than one year, and 56% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $1.0M
- Funders on record
- 18
- Grants received
- $4.2M
- Net assets
- $4.4M
What Korean American Foundation does
Mission
None
As stated on its FY2024 Form 990.
Programs
KAF fulfills its mission and vision by raising and stewarding funds in order to strategically give back to the community through the administration of grants to nonprofits whose work address the most pressing needs of our community.
KAF provides fundholder services, assisting with gift administration and providing expertise based on the donor's philanthropic interests.
Activity Classification: Charitable GrantGrantee Name: PAVA WorldGrantee Address: 3470 Wilshire Blvd. #612, Los Angeles, CA 90010Grantee Relationship: NoneProperty Description: CashDate of Gift: 10/13/2023
$5,000 spentof which $5,000 as grants2% of program spendingActivity Classification: Charitable GrantGrantee Name: Turbo Charitable FoundationGrantee Address: 12 Upper Blackwater Canyon Rd. Rolling Hills, CA 90274Grantee Relationship: NoneProperty Description: CashDate of Gift: 11/04/2023
$5,000 spentof which $5,000 as grants2% of program spendingActivity Classification: Charitable GrantGrantee Name: Korean American Special Education CenterGrantee Address: 1233 S. Western Ave. Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 11/20/2023
$100,000 spentof which $100,000 as grants30% of program spendingActivity Classification: Charitable GrantGrantee Name: Koreatown Youth and Community CenterGrantee Address: 3727 W. 6th St., Suite 300, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/01/2023
$10,000 spentof which $10,000 as grants3% of program spendingActivity Classification: Charitable GrantGrantee Name: Korea Town Senior and Community CenterGrantee Address: 965 Normandie Ave STE 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/01/2023
$50,000 spentof which $50,000 as grants15% of program spendingActivity Classification: Charitable GrantGrantee Name: Korea Town Senior and Community CenterGrantee Address: 965 Normandie Ave STE 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/01/2023
$10,000 spentof which $10,000 as grants3% of program spendingActivity Classification: Charitable GrantGrantee Name: Korea Town Senior and Community CenterGrantee Address: 965 Normandie Ave STE 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/18/2024
$10,492 spentof which $10,492 as grants3% of program spendingActivity Classification: Charitable GrantGrantee Name: Seesaw Communities IncGrantee Address: 5681 Beach Blvd #100 Buena Park, CA 90621Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023
$5,000 spentof which $5,000 as grants2% of program spendingActivity Classification: Charitable GrantGrantee Name: Vision Care Service WestGrantee Address: P. O. Box 743219 Los Angeles, CA 90004Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023
$5,000 spentof which $5,000 as grants2% of program spendingActivity Classification: Charitable GrantGrantee Name: Korean American Story IncGrantee Address: 4 Cherry Lane, Scarsdale, NY 10583Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023
$20,000 spentof which $20,000 as grants6% of program spendingActivity Classification: Charitable GrantGrantee Name: Anderson Munger Family YMCAGrantee Address: 4301 W 3rd St, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023
$20,000 spentof which $20,000 as grants6% of program spendingActivity Classification: Charitable GrantGrantee Name: Korean American CoalitionGrantee Address: 3727 West 6th Street Suite 305, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023
$20,000 spentof which $20,000 as grants6% of program spendingActivity Classification: Charitable GrantGrantee Name: Korean American Family ServicesGrantee Address: 3727 W 6th Street Suite 320, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023
$20,000 spentof which $20,000 as grants6% of program spendingActivity Classification: Charitable GrantGrantee Name: Faith and Community EmpowermentGrantee Address: 3435 Wilshire Boulevard, Suite 350, Los Angeles, CA 90010Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023
$5,000 spentof which $5,000 as grants2% of program spendingActivity Classification: Charitable GrantGrantee Name: Zion Mountain FoundationGrantee Address: 685 N. 13th Ave. STE 1 Upland, CA 91786Grantee Relationship: NoneProperty Description: CashDate of Gift: 03/15/2024
$20,000 spentof which $20,000 as grants6% of program spendingActivity Classification: Charitable GrantGrantee Name:Korean American Chamber of CommerceGrantee Address: 3435 Wilshire Blvd # 2450, Los Angeles, CA 90010Grantee Relationship: NoneProperty Description: CashDate of Gift: 03/15/2024
$5,000 spentof which $5,000 as grants2% of program spendingActivity Classification: Charitable GrantGrantee Name: Koreatown Senior & Community CenterGrantee Address: 981 S. Western Ave, Suite 100, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/01/2023
$10,000 spentof which $10,000 as grants3% of program spendingActivity Classification: Charitable GrantGrantee Name: Koreatown Youth and Community CenterGrantee Address: 3727 W. 6th St., Suite 300, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023
$10,000 spentof which $10,000 as grants3% of program spending
The 20 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $330,492.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $263k to $2.0M (+678%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
87% of KOREAN AMERICAN FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (82% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Kevin Kang
Chief executive officer/chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 7 funders, grant income rose $20k → $355k.
6 of 18 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 56% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of KOREAN AMERICAN FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
KOREAN AMERICAN FOUNDATION leans on a few funders — its largest provides 47% of grant income and the top three 73%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
56% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund KOREAN AMERICAN FOUNDATION.
Largest funder’s share by year: 2019 100% · 2020 100% · 2021 100% · 2022 84% · 2023 38% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of KOREAN AMERICAN FOUNDATION's funders are still giving 2 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
56% of KOREAN AMERICAN FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.9M that is directly attributable, 100% of it comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.4M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
KOREAN AMERICAN FOUNDATION runs a healthier operating margin than three-quarters of the 2,910 philanthropy nonprofits its size.
this organization peer median middle 50% of peers· 2,910 philanthropy nonprofits $1M–$10M, FY2024
Organizations like KOREAN AMERICAN FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
73% of spending goes to programs.
Governance
Public support
96%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for KOREAN AMERICAN FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds KOREAN AMERICAN FOUNDATION?
- KOREAN AMERICAN FOUNDATION (California) receives grants from 18 organizations whose IRS filings report $4,218,608 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($2,000,000). 9 of them have funded it in more than one year, and 56% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does KOREAN AMERICAN FOUNDATION have?
- IRS filings report 18 organizations giving $4,218,608 in grants to KOREAN AMERICAN FOUNDATION, 9 of which have funded it in more than one year.
- Who is the largest funder of KOREAN AMERICAN FOUNDATION?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $2,000,000 in grants. The full list of funders is on this page.
- How can an organization like KOREAN AMERICAN FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 18 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing