GOLD2024

The Korean American Scholarship Foundation

Helping One Student At A Time

Tysons Corner, VA   |  https://www.kasf.org/

Mission

The Korean American Scholarship Foundation (KASF) is a non-profit, volunteer-managed organization established to help meet the financial needs of Korean-American students seeking higher education. Specifically, the foundation seeks to: 1. Assist Korean American students in pursuit of academic and personal achievement, 2. Encourage community and civic service as an integral part of leadership development, and 3. Nurture the sense of pride and confidence in Korean cultural heritage and tradition.

Ruling year info

1972

Chairman

Sang Kim

Main address

8300 Greensboro Dr. #L1-805

Tysons Corner, VA 22102 USA

Show more contact info

EIN

23-7151484

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholarship Program

KASF scholarships (which range from $500 to $5,000) are offered to the qualified Korean American students (including foreign students from Korea). All applicants must be enrolled in a full time program in the U.S during the scholarship application year. If extra funds are available, other students (non Koreans) may qualify for scholarships. Specifically, descendants of American veterans served during the Korean War may qualify for scholarships (applicable to selective regions).

Population(s) Served
Students
Economically disadvantaged people

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Goal One - Establish leadership pipeline for scholarship recipients to return to the organization, represent at the local and national level, volunteer, and possibly even donate back to the organization.

Goal Two - Go beyond just awarding scholarships by establishing programs that engage and bring together scholarship recipients, alumni, and applicants (leadership, community service, professional and academic development)

Goal Three - To meet the goal of the "50 for 50" Campaign, recruiting 50 donors who will donate or pledge $50,000 or more; adding at least $2.5 million to our endowment fund that will provide solid foundation and enhance organizational capacity for KASF's future operations

Leadership Development (Describe an investment in leadership):
Internships
Inviting former scholarship recipients/interns to join any of the National Committees and boards
Inviting former scholarship recipients/interns to join any of the regional chapters as volunteers
Inviting former scholarship recipients/interns to join the National Board meeting
Mentorship program
KASF Young Professionals group created to increase diverse board representation

The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Networks of Collective Impact Efforts
Thought Leadership
Raising Awareness
Community Building
Policy Advocacy

Partnership with KIA America, search for partnerships with other major Korean and Korean American corporations, Chair Scholarships, scholarship donation by Case Western University

Recovering from COVID-19, 2nd National Board meeting since COVID-19, more membership/representation from regional chapters,
establishment of KASF Young Professionals to increase diverse representation on board
regional chapters have adapted their annual scaholarship banquets, some have returned to in-person scholarship banquets but others have stayed virtual depending on their each region’s situation
number of applications significantly decreased during the pandemic but with social media promotion and digital outreach, application numbers have bounced back and have increased to more than it was pre-COVID (scholarship will become more competitive)

Financials

The Korean American Scholarship Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

The Korean American Scholarship Foundation

Board of directors
as of 06/14/2024
SOURCE: Self-reported by organization
Board co-chair

Jay Lee


Board co-chair

Henry Choi

Korean American Scholarship Foundation

Term: 2023 - 2024

Sang Kim

HJ Nam

Alex Lee

Jay Lee

Frank Lee

Leonard Kim

Sungsu John Kang

Sang Nam Lee

Henry Choi

Robyn Brinkerhoff

Gimin Kim

Gina Huh

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Not applicable
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 5/24/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Asian/Asian American

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

Equity strategies

Last updated: 06/14/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.