KASF’s organizational history, from 1969 to 2020

KASF established in Washington, D.C.

1969

Obtained IRS 501(c)(3) tax exempt status.

January 1972

Increased the scholarships to $1,000 per student; gave out to 13 students.

1980

KASF established the Chair Scholarship Program with a donation of $100K from POSCO.

1984

KASF Western Regional Chapter (WRC) was established in Los Angeles.

1985

18 students from ERC, 8 from WRC, and 2 work-study students were awarded scholarships totaling $28K. First Golf Tournament Fundraiser held in Maryland.

1986

NB By-Laws adopted. National Board of Directors (NBD) created. 1st NBD Meeting held in WDC area. Chair Scholarship Endowment Fund reaches $400K. Increased from $10K to $15K to establish a Chair Scholarship.

June 10, 1989

2nd NBD held in Los Angeles. 3rd Annual NBD held in Tyson Corner, VA. Southern Regional Chapter (SRC) established in Atlanta, GA.

1990

4th NBD held in Huntington Beach, CA.

1991

5th NBD held in Atlanta, GA. Selection of Shearson Lehman to invest the Endowment Funds. Mid-West Regional Chapter (MWRC) established in Chicago, Illinois.

1992

Annual NBD held in Los Angeles, CA. Endowment grows to $678,980.

1993

Annual NBD held in Chicage, Illinois. 25th Anniversary of KASF.

1994

Annual NBD held in Los Angeles, CA. KASF website created. 1st NB Retreat held in Atlanta, GA. Permanent KASF office to be in Vienna, VA.

1996

Annual NBD held in Atlanta, GA. Endowment grows to over $1,300,000.

1997

Annual NBD held in Los Angeles, CA.

1998

Annual NBD held in Tyson Corner, VA. Gave out over $200K in scholarships.

1999

Annual NBD held in Tyson Corner, VA. Endowment grows to over $1,000,000.

1995

Annual NBD held in Tyson Corner, VA. Endowment grows to over $2,500,000.

2000

Northeast Regional Chapter (NERC) established in New York, NY.

2001

Gave 330 scholarships in the amount of $324,000.

2002

Annual NBD held in Tyson Corner, VA.

2003

Mideast Regional Chapter (MERC) established in Detroit, Michigan.

2004

Annual NBD held in Tyson Corner, VA. Increased scholarship amount to $2,000 per student.

2005

Annual NBD held in Tyson Corner, VA. Gave 324 scholarships in the amount of $414,100. Since 1969, KASF has given out over 1.3 M in scholarships.

2006

Increased scholarship amount to $2,000 per student.

2007

Annual NBD held in Los Angeles, CA. Endowment grows to over $3,000,000. Gave 259 scholarships in the amount of $420K. Initiated Recipient to Donor (R2D) Program.

2008

Annual NBD held in NYC, NY.

2009

Gave 272 scholarships in the amount of $430,950. Endowment has grows to over $3,600,000. Southwest Regional Chapter (SWRC) established in Houston, Texas.

2012

Gave 270 scholarships in the amount of $439,050. Endowment grows to over $3,600,000. Launch of KASF Legacy Campaign.

2013

Annual NBD held in Los Angeles, CA. Gave 299 scholarships in the amount of $527,400. Online application system established nationwide.

2014

Annual NBD held in Arlington Heights, Illinois. MERC is merged into MWRC. Club Express started. Gave 285 scholarships in the amount of $722,195. Endowment grows to over $3,822,000.

2015

Annual NBD held in Flushing, NY. Gave 280 scholarships in the amount of $480,000. Endowment grows to over $3,600,000. KASF non-profit registration relocated to Virginia.

2016

Annual NBD held in Duluth, GA. Gave 245 scholarships in the amount of $467,000. Endowment grows to over $3,600,000. Investment Advisor changed from Morgan Stanley to TIAA.

2017

Annual NBD held in Tyson Corner, VA. Mountain States Regional Chapter (MSRC) established in Denver, Colorado.

2018

Annual NBD held in Los Angeles, CA. Since 1969 KASF has awarded over 10 million dollars to over 6,500 students. Endowment has grown to over $4,000,000.

2019