The Korean American Foundation (KAF), Southern California’s first community foundation dedicated to Korean Americans, has launched a campaign to attract donors.
According to KAF, the organization aims to raise $100 million in total funds, seeking support from small donors as well as members of its exclusive Founders Circle.
KAF’s mission is to establish a fund that supports nonprofit organizations while promoting the welfare and development of the Korean American community.
The foundation’s initial fundraising goal is $10 million from 100 members. Founders Circle membership is reserved for donors contributing $100,000 or more, with 53 members currently supporting the initiative.
KAF plans to leverage its initial fundraising success to attract involvement from major corporations and prominent foundations in the broader mainstream community.
“Donations are more than just acts of generosity—they create a legacy for our community,” said Kevin Kang, Chair of KAF’s Board of Directors. “We aim to exceed our goals through transparency, collaboration, and a shared vision, ensuring future generations uphold the values of giving and compassion.”
Donations can be made through the KAF website or by check, payable to “Korean American Foundation,” and sent to their office at 3600 Wilshire Blvd., Ste 722, Los Angeles, CA 90010.
KAF’s philanthropy has grown significantly in recent years. In 2021, the foundation provided $105,000 to five organizations. By 2022, it supported eight organizations with $100,000 and contributed an additional $600,000 through Donor-Advised Funds (DAF), totaling $700,000. Last year, it expanded its reach to 12 organizations with $355,000 in contributions. This year, KAF achieved its largest impact to date, supporting 20 organizations with $245,000 and adding $280,000 through DAFs for a record total of $525,000.
KAF is also committed to fostering a culture of giving within the Korean American community. Its efforts aim to engage not only first-generation immigrants but also second- and third-generation members, ensuring the community’s sustainable growth.
John Lim, an attorney and CEO of LimNexus, who is slated to succeed as KAF’s next chair, expressed his vision for the foundation’s future. “With KAF’s strategy and vision, we will continue to grow the fund and build a stronger Korean American community by bridging generations. I hope more people will join this effort, allowing KAF to create meaningful changes in the community.”
Founded in 2018, KAF was initiated under the leadership of the late Myung Ki Hong, founder of the M&L Foundation, and is currently governed by a 12-member board.
BY YOONJAE JUNG [jung.yoonjae@koreadaily.com]
