ANNUAL REPORT The Korean American Scholarship Foundation.

Transcription

1 ANNUAL REPORT 2013 The Korean American Scholarship Foundation

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3 Chairman s Message Sang Nam Lee, M.D. Chairman KASF - National Board of Directors It has been an honor to serve KASF as chairman of the National Board of Directors for the past two years. I sincerely thank you for your support and deeply appreciate your active participation in the common cause of our organization. I am pleased to report that the state of the Korean American Scholarship Foundation is healthy and growing. In 2013, we awarded scholarships to 270 students from seven regional chapters for a total amount of $439,050 a record high to date in the amount of scholarships. We added five new chair scholarships in 2013 for a total of 11 in the last two years. Despite unfavorable market conditions, our endowment remains at $3.6 million. The Legacy scholarship campaign was launched in early 2013 with an endowment fund goal of $10 million by I feel that there is a great opportunity to achieve this ambitious amount through the many potential donors in the Korean community. Although we have obtained some personal commitments, we should continue our collective efforts in all regional chapters until this goal is achieved. The recently established Southwestern Regional Chapter is stable and is expected to grow stronger with new leadership this year. Many issues and tasks still lie ahead of us. For example, we need timely website updates, strategic plans, placement of policies and procedures, a paid executive director at the national office, and a strategy for growing together despite regional differences. I am confident that with our tradition of mutual cooperation and support, we should be able to resolve these challenges by working together. Again, it has been a privilege to serve as chairman alongside our dedicated volunteers. I would like to welcome our next chairman, Augie Lee, and wish him the best. 1

4 KASF 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 their academic and personal achievement, 2. Encourage their community and civic service as an integral part of their leadership development, and 3. Nurture a sense of pride and confidence in Korean cultural heritage and tradition. KASF Leadership 2013 National Board Executive Directors Executive Team Chairperson Vice Chair Executive Director Chief Financial Officer Sang Nam Lee Augie Lee Leonard Kim Hyun Sue Lee Committee Chairs Investment Yoonsoo Park Scholarship Frank Lee Organization Sungsu John Kang Web Steve Yun Regional Chapter Presidents and National Board of Directors Eastern Regional Chapter established in 1969 Sang Kim President Leonard Kim Yoonsoo Park Steve Yun Patrick Lee Western Regional Chapter established in 1985 Gloria Lee President Ruth Chung Sun Hee Lee Frank Lee Yongwon Kim Southern Regional Chapter established in 1992 Kristina Kim Co-President Hak-Keun Chang Co-President Moon Hee Kim Michael Park Sandra Lee Midwestern Regional Chapter established in 1993 Edward Rim President Young H. Han Augie Lee Hyun Kim Northeastern Regional Chapter established in 2001 Jay Lee President Sungsu John Kang Bok Lim Choi James Lee Hyun J. Nam Mideastern Regional Chapter established in 2003 Jong Dae Kim President Youngho Kim Southwestern Regional Chapter established in 2012 Nam Il Kim President Charlie Cha 2

5 Midwestern Northeastern Mideastern Eastern Western Southern Southwestern 5 Types of Scholarships CHAIR SCHOLARSHIPS are established through a one-time donation of $25,000 or more by individuals or corporations. KASF will pay $1,000 in perpetuity in the name of a given Chair Scholarship. DESIGNATED SCHOLARSHIPS are established by contributions of $1,000 or more and awarded each year of the contribution. LEGACY SCHOLARSHIPS are established through bequest donation by friends of KASF who express their appreciation and everlasting support for our mission by naming KASF as beneficiary of a will, life insurance, trust or estate planning. GENERAL SCHOLARSHIPS are funded by KASF fundraising activities. HIGH SCHOOL ACHIEVEMENT AWARDS are offered by some of KASF regional chapters for high school students. Selection is based on outstanding achievements in music, arts, sports, community and social services, and leadership. Each receives $500. 3

6 New Chair Scholarships for 2013 Eastern Regional Chapter Sun-Young Hwang Chair Scholarship Donated by Mrs. and Dr. Young Dahl Song Young-Dahl Song, a 76-year-old former East Carolina University political science professor, and his wife Jeol-Ja Kim, 71, a retired medical doctor, made a generous $73,000 donation to the Korean American Scholarship Foundation s Eastern Region in The scholarship trust was named after Mrs. Song s mother and will be called the Sun-Young Hwang Memorial Scholarship. This was not the first time Dr. Song and Mrs. Song have donated; in 1998 Dr. Song donated to establish the Song, Chee Myong Scholarship, named after his father. The couple s gifts are the biggest individual endowment for the eastern region of the Korean American Scholarship Foundation. Dr. Song endowed this scholarship to cherish the memory of his wife s mother, who raised seven children and also put them through college after his wife s father was kidnapped by North Koreans during the Korean War. The couple hopes that students can be educated and achieve their dreams through this scholarship. Dr. Song came to study in the United States in 1960, thanks to a Rotary Club of Georgia scholarship. We just gave back what we ve received, he said. We got to where we are because of education, so we want to use our donation to help raise the next generation. Dr. Song graduated from Yonsei University and earned a Ph.D. from the University of Pennsylvania. He served as a professor at East Carolina University from 1967 to His wife graduated from Ewha Womans University, immigrated to the United States in 1966 and worked as an anesthesiologist for 33 years. Sun Kyung & Young Whan Park Chair Scholarship Donated by Mrs. and Mr. Young Whan Park One of the founding members of the Korean American Scholarship Foundation (KASF), Mr. Young Whan Park, and his wife, Mrs. Sun Kyung Oh, donated $25,000 to the KASF Eastern Region to establish a Chair Scholarship. Mr. Young Whan Park served as KASF s Eastern Region President from and as chairman of the national board of directors in As he arranged for the scholarship, Mr. Park mentioned his own experience of receiving scholarships as a college student in Ohio and how desperately he needed the scholarships to complete his studies. While he was initially planning to create a Chair Scholarship as part of his will, he changed his mind in favor of making the donation earlier with his wife to assist the next generation of Korean-Americans. The lump sum donation of $25,000 will be used to award the Sun Kyung & Young Whan Park Chair Scholarship to a student studying architecture, theology or social work. Mrs. Park, who retired after working at the World Bank for 30 years said, To establish a righteous society, my husband and I agreed that education is the most important thing. Mrs. Park is the daughter of Chun Suk Oh, a former Korean Minister of Education. She graduated from Ewha University where she was elected as May Queen and taught at Ewha Middle School before coming to the States. Mr. and Mrs. Park have been on the board of directors of KASF since it was founded in Mr. Park counts among his many contributions to KASF a series of articles chronicling the history of the organization in The Korea Times in

7 Soon Ock & Chin Moon Kim Chair Scholarship Donated by Dr. Chin Moon Kim and Mrs. Soon Ock Paik Dr. Kim, Chin Moon and Mrs. Paik, Soon Ock of Falls Church, VA donated $50,000 to the Korean American Scholarship Foundation Eastern Chapter in November Dr. Kim, who is 86-years-old, said that all the great work that KASF is doing convinced he and his wife that they could trust their donation to this organization, and that it would be used for a good cause. Even though they have two sons, they wanted to donate the money to the community rather than giving it to their sons. Dr. Kim and Mrs. Paik expressed their strong desire to donate to KASF every year and even increase the amount, if possible. Mrs. Paik said that they realized that they are in their 80s and this is the time they need to organize their finances, even though their investments are not significant. They were impressed that the KASF organization is run by all volunteers and there is no overhead for any donated money, and they decided that KASF is the perfect organization for their donation. Dr. Kim graduated from medical school at Seoul National University and came to the US in He did his residency in Louisville, Kentucky and opened his practice as a pediatrician in Fairfax, VA in 1968, and practiced until he retired 20 years ago. Mrs. Paik graduated from Seoul National University s college of education and worked as a high school teacher in Jinhae, Korea before coming to the US with her husband. They have two sons and both of them are physicians. Dr. Kim and Mrs. Paik s donation will allow KASF to establish two new chair scholarships. Kim, Chin Moon and Paik, Soon Ock Scholarship of $2,000 will be awarded each year to Korean-American scholars. Mr. Sang Kim, KASF ERC president, thanked Dr. Kim and Mrs. Paik for their generous donation and promised that KASF will redouble its efforts to its mission of giving scholarship money to students in financial need. Mideastern Regional Chapter Chull Victor Kim Memorial Chair Scholarship Donated by Dr. Youngho Kim Established by Past President of MERC, Dr. Youngho Kim to honor his youngest son, Chull Victor Kim, who passed away suddenly due to his illness at age 34. Victor was actively involved with youth activities as a volunteer for many years such as in KASF, Korean Community Center, and Korean language camp. 5

8 Financial Report Statement of Financial Position For the Year Ending December 31, 2013 Assets Current assets Cash and cash equivalents $591,372 Investments 3,336,631 Total current assets 3,928,003 Property and equipment Furniture and fixtures 9,547 Leasehold improvement 47,032 Property and equipment at cost 56,579 Less: accumulated depreciation (56,579) Total assets $3,928,003 Liabilities and Net Assets Liabilities Total liabilities - Net assets Unrestricted 480,503 Temporarily restricted - Permanently restricted 3,447,500 Total net assets 3,928,003 Total liabilities and net assets $3,928,003 Statements of Activities and Changes in Net Assets For the Year Ending December 31, 2013 Revenues Unrestricted Temporarily Restricted Permanently Restricted Total Chair scholarships $ - $ - $125,000 $125,000 Designated scholarships 227, ,621 General scholarships 10, ,654 General contribution 91, ,963 Support from directors 26, ,109 Fundraising activities 233, ,573 Investment Income (loss), net 187, ,168 Interest income Total Revenues (losses) 777, , ,306 Expenses Program services Scholarships 550, ,675 Supporting services General and administrative 74, ,674 Fundraising expense 145, ,651 Total Expenses 771, ,000 Change in Net Assets $6,306 $ - $125,000 $131,306 Net Assets - Beginning of year 474,197-3,322,500 3,796,697 Net Assets - End of year $480,503 $ - $3,447,500 $3,928,003 6

9 Schedule of Functional Expenses For the Year Ending December 31, 2013 Program services Supporting services Chair Scholarship awards Designated, General & other scholarship awards Total General and administrative Fundraising Total Total Expenses Scholarships $223,500 $327,175 $550,675 $ - $ - $ - $550,675 Advertising ,177 3,560 12,737 12,737 Bank charge Banquet ,928 88,928 88,928 Delivery and freight Golf Tournament ,813 37,813 37,813 Insurance Meeting expense ,458-23,458 23,458 Miscellaneous expense , ,997 1,997 Office and committees expense , ,986 1,986 Outside service ,670 3,649 9,319 9,319 Plaques ,737 2,531 2,531 Printing & reproduction ,013 7,532 11,545 11,545 Professional service ,000-5,000 5,000 Public relation and promotion ,034-5,034 5,034 Rent ,232 1,232 1,232 Taxes and licenses Telephone ,385-1,385 1,385 Travel ,850-13,850 13,850 Website expense ,500-1,500 1,500 $223,500 $327,175 $550,675 $74,674 $145,651 $220,325 $771,000 Regional Performance WRC NERC ERC SRC MWRC SWRC MERC Total Total Amount Awarded $126,000 $117,400 $116,000 $48,000 $21,500 $24,000 $9,900 $462,800 College/Graduate School $126,000 $116,500 $108,500 $47,000 $21,000 $24,000 $9,900 $452,900 High School $0 $900 $7,500 $1,000 $500 $0 $0 $9,900 College / Graduate School Number of Applications US Citizen/Permanent Resident Korean National Student Undocumented Korean War Veteran Descendants Number of Recipients US Citizen/Permanent Resident Korean Foreign Student Undocumented 7 7 Korean War Veteran Descendants 2 2 Key Metrics % Awarded vs Total Applicants 30% 34% 35% 55% 24% 61% 38% 36% % US/Perm vs Total Recipients 70% 78% 73% 90% 105% 32% 100% 77% Avg Award Amount Per Recipient $2,520 $2,118 $2,087 $1,119 $1,000 $1,263 $1,100 $1,826 High School Number of Applications Number of Recipients

10 Regional Activities Eastern Regional Chapter ERC Golf Tournament Success On the first of June 2013, KASF ERC hosted its annual fundraising golf tournament. This year s tournament was sponsored by Morgan Stanley. The tournament had a great turnout of 119 participants and 32 sponsors. The generosity of participants helped KASF achieve its goal of raising $10,000. ERC 2013 Banquet KASF ERC s 44th Annual Scholarship Awards Banquet was held at the Hilton McLean Tysons Corner Hotel on September 22, 2013 represented the exciting culmination of a year s worth of hard work. The two main speakers of the night, Dr. James Kim from Harvard University and Danna Kim from Virginia Tech, shared their stories in their inspirational speeches. Dr. James Kim gave the scholarship recipients his secrets to success as he experienced it in his academic endeavors. Danna Kim opened up to the audience by showing her appreciation for her parents and the hardships they had to endure in the past. The students received much more than a monetary donation they received an investment of support from countless Korean Americans who are all behind them in their pursuit for success. Although the students may have expected to walk out of the banquet with only a scholarship in their hands, they in fact left with the continuing support of everyone from the scholarship foundation. 8

11 Northeastern Regional Chapter NRC Scholarship Award Banquet The Northeastern Regional Chapter held their annual scholarship award banquet on September 7, 2013 with 380 students, parents, donors and guests attending the ceremony and enjoying the festivities. In 2012 we provided $104,900 to 55 students, but in 2013 we awarded $117,400, an increase of 12%, to 58 students. The keynote speaker of the award ceremony was Dr. Philip Kim, a professor in the physics department of Columbia University, who almost won the Nobel Prize in In his inspirational address, he shared his experiences with the cultural differences and similarities in the US and Korea, and emphasized the effectiveness of Korean cultural heritage and how it works in the US and around the world. We have chosen The Andrew Kim Foundation as the donor of the year. The Andrew Kim Foundation was founded in the memory of Andrew Kim who perished in the World Trade Center on 9/11/2001 and has been making substantial donations every year to KASF and many other causes. New York and New Jersey Open House We opened our doors wide to reach a broader public in our region and let them know about KASF and its mission. NERC had two Open Houses last year: May 16 in NJ and May 30 in NY. We invited guests and potential donors to the Open House and explained what we have done so far and how they could support and join us. Our particular focus was on introducing and promoting the concept of the Legacy Scholarship. In the NY Open House, Dr. Sang Nam Lee, the National Board Chairman, came all the way from Washington, DC to personally present the idea and background of the Legacy Scholarship to guests and newspaper reporters in attendance. Golf Outing The Northeastern region held a very successful fundraising golf outing event on May 15, The number of guests exceeded 100 and raised $27,000. This event was very effective not only for raising scholarship funds but also for promoting and publicizing the cause and activities of KASF in general. 9

12 Southern Regional Chapter SRC 2013 Fundraiser Concert In April 2012, KASF SRC had its annual fundraiser concert at Korean Community Presbyterian Church in Duluth, Georgia with over 200 guests in attendance. Our guests, donors, and members were entertained by the Peachtree Quartet, an elegant ensemble formed by members of the Atlanta Symphony Orchestra. Ms. Yang Yoon Kim, Peachtree Quartet s viola player, helped conclude our concert program with beautiful Korean music which touched the hearts of many of our guests. In June 2013, KASF SRC held its first date and silent auction, which was executed with the goal of promoting our organization to young professionals who may become our members and/or donors. With the help of generous business owners who donated their goods and the help of eligible bachelors and bachelorettes, we were able to auction over 60 items and 23 dates with eligible bachelors and bachelorettes. All the dates were sponsored by a restaurant which gave a $50 gift card to every date winner. It was a very successful event received lots of media attention and was attended by 150 guests. In August 2013, we awarded 43 students with scholarships, for a total amount of $48,500. Over 150 guests and members attended the banquet at the Marriott at Century Center in Atlanta, Georgia. Entertainment was provided by Ms. Jin Kim, a vocalist and a previous KASF scholarship recipient. Our keynote speaker was Mr. BJ Pak who is a state representative in the State of Georgia. Mr. Pak shared his life story and the challenges and the obstacles he had to overcome, as well as the importance of giving back to the community. In September 2013, KASF SRC held our annual golf tournament at Heritage Golf Course. Many board members gathered early to prepare lunch and snacks for the 80+ golfers who attended this fundraiser. The post-tournament dinner was sponsored by Merrill Lynch, and we are proud to say that this was the first time that our chapter s dinner was sponsored by a corporation. Our 2013 golf tournament was made even more special with the attendance of several Korean War Veterans, who were recognized for their selfless acts. We also celebrated the beginning of our new scholarship program Scholarships for Descendants of American Korean War Veterans which is being sponsored by the Chu Family Foundation starting in

13 Western Regional Chapter Introduction of the Junior Board KASF WRC created a Junior Board committee consisting of past and current scholarship recipients who are now outstanding young professionals. The board hopes to create a swift transition for future young professionals into leaders of the Korean community. Focusing on commitment, community service, and leadership abilities, we requested students and graduates who are willing to learn and share their input about increasing fundraising opportunities and expanding KASF-Western s exposure to successful students in need of financial aid. We will be selecting around six applicants to join our Junior Board in the beginning of Connecting through Facebook With our goal to connect quickly and swiftly with our targeted customers through social media, we decided to regularly post on our newly created Facebook page for our Western Region. Every Thursday we upload a short post on subjects like scholarship deadlines, Junior Board membership, networking opportunities, and events. We have opened up our Facebook wall for our Facebook followers to post on subjects like networking and mentorship opportunities. We have made our Facebook space as a way for connecting alumni and mentors to our prospective scholarship recipients. Seminar held at KASF Office On August 24, 2013, KCSC held an annual orientation seminar for the new and upcoming group of interns. KCSC, otherwise known as the Korean Coalition of Students in California, is a high school based leadership internship group that strives to give back to the community by hosting safe and fun events for other high school students. Remarkable Success for the 23rd Annual Golf Tournament The 23rd Annual Golf Tournament was held on July 17, 2013 at the Strawberry Farms Golf Club in Irvine. Many people enjoyed a round of golf with close friends and acquaintances after which they participated in a silent auction and dinner program. With over 114 players and 15 volunteers, we were able to raise over $70,000 the largest fundraising effort achieved, thanks to many corporate and individual sponsors as well as in-kind donations. A Heartwarming Annual Awards Luncheon Our 28th Awards Luncheon was held on September 28, More than 120 people including donors, recipients, and guests gathered to celebrate this year s accomplishments and to recognize and award 50 scholarship recipients. Before the actual luncheon program, we held a mentorship program introducing our Junior Board. The program started out with a short video highlighting KASF s past and current accomplishments as well as the future vision of the organization. 11

14 Testimonials To the Korean American Scholarship Foundation I cannot express enough gratitude towards this organization that works so diligently to enable individuals like myself to pursue higher education. That this foundation acts as a non-profit organization exemplifies its selflessness and sincere interests in opening the doors for those who are financially in need. I am extremely blessed to have been a recipient of such generosity. There are countless individuals who, in the months preceding college, stare fearfully at the costs that are attached to higher education. Whether it be private or public, education and its fiscal demands has become quite a scare for many. And quite frankly, many people seem to simply back down from the challenge, as they see no support to lean on in the midst of such scholarship. The effect that scholarship foundations such as this one has is powerful and liberating. Knowing that there are financial pillars to lean on in one s endeavor to pursue higher education eases the anxiety and the hardship. Simply stated, higher education is a distant dream that will never be fulfilled for many without organizations such as the Korean American Scholarship Foundation. Knowing that a foundation has backed my collegiate endeavors drives me to more diligently pursue my studies, aspire for greatness, and dream to new heights. Knowing that there are people who are willing to lift me over the hurdles that come with any endeavors is absolutely empowering. In this case, the ultimate product is a body of effected Korean youth that dares to venture further and further towards greatness. Again, I would like to simply thank you for the new adventures that you enabled for me. I cannot even begin to imagine what my situation would be like devoid of your generosity. Thank you for your organization and so freely extending it to those who are in need of assistance. Sincerely, Benjamin Lee 2013 Scholarship Recipient Dear Scholarship Donor, My name is Hyosang (Mark) Kim and I am a current first year law student at Stanford Law School. I am honored to receive the Korean American Scholarship Foundation Western Regional Scholarship. Your generosity enabled me to embark on legal education at this great institution. I was born in South Korea and was adopted by my American parents in Virginia in 2004 when I was twelve years old. My adoptive parents warmly and wholeheartedly raised and educated me. I attended the University of Virginia and majored in biology. Although I majored in science, I was interested in law issues, especially biotechnology patent law. I started off my experience with an internship at DukWon Patent Law Firm in Seoul, South Korea and furthered my experience with an externship at the United States Patent and Trademark Office. Along with these experiences, I also interned at the Student Legal Services at my undergraduate institution and also at U.Va. Licensing & Ventures Group (the technology transfer branch). My undergraduate study, various patent related experiences, and a new journey on legal study were possible thanks to many generous scholarship donors like you. I cannot express my gratitude enough to thank you in allowing me to continue my journey. One of the many reasons why I chose Stanford Law School is its great intellectual property law curriculum and faculty. I am blessed and thankful for being here and I know that it is only possible thanks to your generosity. During the summer before my first year of law school, I took and passed the patent bar. And I am planning to take intellectual property law courses as they become available. I am excited about all the resources and opportunities provided to me. Your scholarship helped me not to miss these precious moments. Thank you again for your kindness and generosity. Sincerely, Hyosang (Mark) Kim 12

15 Dear KB Kim & M Chung, friends of Korean American Scholarship Foundation My name is Jihoon David Kim. I would like to take this opportunity to express my gratitude for your generous donation. I am one of the recipients of your support and am very grateful for your heartwarming assistance. On December 13, 2004, I had a snowboarding accident and broke my neck at the cervical 5 level resulting in quadriplegia. I did not understand the details of the injury that I was hoping to walk out of the rehabilitation hospital within three months, but that never happened and shattered the hope of my family and friends. Even after the spinal cord injury, I have gone through various physical and emotional challenges; however, the love of God, family, friends, and people like you were the strength to get up in the morning and make the best out of what I already had in my life. I want you to know how far I have come since the accident. In 2011, I graduated from UC Denver with a BA Psychology and a minor in Sociology. I earned an MA in Pastoral and Spiritual Care at Iliff School of Theology Denver in June Currently, I am enrolled in an MDIV at Denver Seminary. From March 2012 to January 2013, I was a volunteering chaplain at Littleton Adventist Hospital and Porter s Adventist Hospital. It was heartbreaking to see patients struggling, but being a chaplain and praying with patients and their loved ones was rewarding and humbling experience. I am a part time student pastor at Antioch Baptist Church in Aurora, Colorado. After the MDIV at Denver Seminary, I am praying for God to lead me to study a Ph. D. program. Experiencing the power of God s touch in the midst of suffering, I feel that God is leading me to pursue the ministry of pastoral care and sense that the MDIV at Denver Seminary and Ph. D. would be great asset and resource to help other in various needs to listen and emphasize with them. Your support helps me to study, be prepared, motivates me to pursue my goals, and strengthens me to live a positive life. Your desire to help people in needs makes differences, encourages and inspires me to be like you. My prayer goes out for your relationship with God, family, friends, others, and God s blessing. Sincerely, Jihoon David Kim 13

16 List of Chair Scholarships KASF National Board Year Chair Scholarship Donor 1985 Pohang Iron Steel (NB) Posco 1990 Korean Air (NB) Korean Air Line ERC - Eastern Regional Chapter Year Chair Scholarship Donor 1985 Kyu Sup Chung Amb. Kyu Sup Chung 1986 Stanley S. Lee Mr. Stanley Lee Myon Soon Jean Dr. & Mrs. Jay Khim 1987 Sin-Ran Ji & Eun Ja Kim Dr. & Mrs. Chul Ho Kim Korean Churches in Greater Washington Korean Churches in Greater Washington 1988 Il Hwa Lee Ms. Sook Ja Lee 1989 Hak Kyung Chang Mr. Chin Woo Chang Jung Sook Chung Sung Woo Lee Mrs. Eui Soon Chang Mr. & Mrs. Robert S. Lee 1990 Gehwan Choi Mrs. Young Ho Lee Choi 1991 Ryun Ho Kim Dr. & Mrs. Ryun Ho Kim 1992 Benjamin Souh Mr. & Mrs. Benjamin Souh Eui Baik Chung Keun Oak Lee Tongyang Nylon Joo Ho Choe Hyung Kyu Woo Samsung Electronics America Soon Young Rhee Park Dr. & Mrs. Eui Baik Chung Dr. & Mrs. Sang Nam Lee Tongyan Nylon/ In Sang Song - CEO Mr. Joo Ho Choe - Woo Sung Construction Mr. Chang Choon Woo Samsung / Mr. Bo Soon Song Mrs. Helen Park Hahm Yang Baek CEO/Korea Nong San - Yong Hak Park Keun Young Jang 1997 Athletic (Annual Golf Tournament) KASF-ERC Pai Chae High School Alumni Mrs. Haeng Nam Paik Pai Chai HS / Young A Ha Cinthia Kim Dr. Jeong Hoon Kim / Yurie Systems YoTaik Song Chee Myong Song Dr. & Mrs. Yo Taik Song Dr. & Mrs. Young Dahl Song 2000 Ki Chul Ko Mrs. Yong Soo Ko American Wheat Mission Inc. Wol Rye Kim Yoon Soo & Dyu Hyun Park Whayoung Cho Lee Ok Bong Chung Rev. Taik Jung Chung Mr. & Mrs. Shawn Boo Dr. & Mrs. Yoonsoo Park Dr. & Mrs. Sang Nam Lee Dr. & Mrs. Eui Baik Chung 2000 Kimok & Sung Hui Chung Dr. & Mrs. Do Hyun Chung LG USA Chong Sun Chay Samsung Advanced Institute President Charles Koo Mr. & Mrs. Chong Sun Chay Dr. Kwan Rim 2002 Soon Kyum Lee Mrs. Stephanie Kim Byung Keun & Pyong Ran Choi Mr. & Mrs. Byung Keun Choi 2003 Soo Nam Han Memorial Dr. & Mrs. Sung Kil Moon Myoung Ho & Yun Kong Mr. & Mrs. Myoung Ho Kong 2004 Sun Yung Kim Mr. Sun Yung Kim Doo Hyung Chung Joshua & Elizabeth Kim Jean Whan Kim Mr. Yu Sok Kang Mr. Sang Kim Dr. & Mrs. Theodore Kim 2005 Dwight & Amy Im Dr. Dwight Im Yun & Kim Foundation Ung Soo & Silmo Kim Mr. Steve and Jina Kim Dr. Ung Soo Kim 2006 Hwang Hae Do Min Association Mr. Myung Ki Min Elder Chang Ho Do & Na Ok Baik Memorial Hanju & Soonja Lee Yong Bo Hong & Sun Ju Kim Jung Kap & Sung Sook Hahm Memorial Yeun Tae & Mrs. Soon Hee Kim Mr. Chang Ho Do Dr. & Mrs. Hanju Lee Mr. Yong Bo Hong Dr. Hahm Mr. Yeun Tae Kim 2007 Kyung Jin Oh Memorial Mrs. Il Ho Kim / Mr. Brandon Oh Byung Hwa Jo & Hwang Gum Park Yong Gul & Wanda K Park Chung Choon Young Foundation Mr. Byung Hwa Jo Mr. Yong Gul Park Mrs. Choon Young Chung 2008 Rev. Moon Hyuk Kang Dr. & Mrs. Eui Baik Chung 2009 Open Door Presbyterian Church Rev. Yong Hoon Kim Dae Hyun Ko Mike Yu Shik Kim Memorial Mr. Dae Hyun Ko Mr. Tae Hwan Kim 2011 Il Ho Kim Memorial Mr. Brandon Oh Kum Ock Lee Foundation Mr. Nae Won Lee 2012 Ambassador Jack Korean Economic Institute Hyung Soon & Hee Hyun Mr. & Mrs. Sung Bin Im 2013 Sun Young Hwang Dr. and Mrs. Young-Dahl Song Soon Ock & Chin Moon Kim (2) Chair Scholarships Sun Kyung & Young Whan Park Dr. Chin Moon Kim & Mrs. Soon Ock Paik Mrs. and Mr. Young Whan Park 14

17 MWRC - Midwestern Regional Chapter Year Chair Scholarship Donor 1993 Kwang Sun Choi Mr. Kwang Sun Choi Soon Kyum Rhee Memorial Hyun Jae Ihm Scholarship Stephanie Kim Mr. & Mrs.Hyun Jae Ihm 1995 Myung Soon Lee Memorial Mr. & Mrs. Kevin Keun Moo Lee Choon Hee Chang Memorial Kew Sun Chai Kew Sun Chai BP Amoco scholarship for Kew Sun Chai Hyorae Lee Mr. & Mrs. Kee Nam Chang Mr.& Mrs. Kew Sun Chai Mr.& Mrs. Kew Sun Chai BP Amoco/ Matching for Mr. Chai Dr.& Mrs. Soo In Lee, MD 2002 Ji Yong Lee Mr. & Mrs. Ji Yong Lee 2003 Nam Hee Kim Memorial Mr. & Mrs. Jin Hwan Kim Jong Ku Kim Mr. & Mrs. Jong Ku Kim 2004 Myung Sik Jwon Dr.& Mrs. Yoon Tae Kim, MD 2005 Byong Uk Chung Dr. & Mrs. Byong Uk Chung 2007 Juiet Rim Mr. & Mrs. Edward Rim NERC - Northeastern Regional Chapter Year Chair Scholarship Donor 2001 Patriot Hak Soo Park Memorial Mr. & Mrs. Yong Chan Lee Joann & Chong Suk Lee Tae Jin & Min Ok Kwon Mr. & Mrs. Chong Suk Lee Mr. & Mrs. Tae Jin Kwon 2002 LG Electronics LG Electronics, USA Kyobo Life 2003 Rev. Stephan Sungbo Kang Memorial Kyobo Life Insurance Mr. Sungsu John Kang 2004 Jay Lee & Gus Lippman Ms. Jay Lee & Mr. Gus Lippman Kun Jae Won & Kyung Sook Chae Byung Kook & Hae Sook Lee Chair Scholarship Mr. & Mrs. Kun Jae Won Mr. & Mrs. Byung Kook Lee 2005 Jae Oh Park Mr. Jae Oh Park William Y. & Linda H. Kim William Y. & Linda H. Kim Anonymous Pamela Chu Memorial (#1) Mr. & Mrs. William Kim Mr. & Mrs. William Kim (Anonymous) Mr. & Mrs. Kenneth Chu 2006 Pamela Chu Memorial (#2) Mr. & Mrs. Kenneth Chu LG Electronics Dr. Baik Hyun & Sook Ja Kang LG Electronics, USA Mr. & Mrs. Baik Hyun Kang 2007 LG Electronics LG Electronics, USA 2008 Tae Jin & Min Ok Kwon Mr. & Mrs. Tae Jin Kwon LG Electronics LG Electronics, USA 2009 LG Electronics LG Electronics, USA 2010 Pamela Chu Memorial Mr. & Mrs. Kenneth Chu 2012 Jae Woo Kim Memorial Mrs. Kim, Jae Woo MERC - Mideastern Regional Chapter Year Chair Scholarship Donor 2002 Kew Sun Chai Mr. & Mrs. Kew Sun Chai 2003 Chang Soo Choi Dr. Chang Soo Choi Dr. Wook & Soon Ja Kim Dr. & Mrs. Wook Kim 2013 Chull Victor Kim Memorial Dr. Youngho Kim SRC - Southern Regional Chapter Year Chair Scholarship Donor 1992 Moon Chul Han Dr Mrs Moo Hee Lee 1993 Bang Sil An SRC Benefit Concert 1994 Soo Im Kim The Yong Kun Kim family Shin Jung Presbyterian Church Shin Jung Presby Church 1996 Grace Oh & Taewon Yi SRC Benefit Concert Dung Jae Lee Mr Mrs Dung Jae Lee Dr.& Mrs Yong Kun Kim Dr Mrs Yong Kun Kim Dr Mrs Jae Hyun Kim Dr Mrs Jae Hyun Kim Dr Mrs Kee Jo Kim Dr Mrs Kee Jo Kim Kay Kim Realtor Ms Kay Kim 2004 Dr Mrs Byung Kun Chang Dr Mrs Byung Kun Chang Korean Churches Council of Atlanta KCCA 2005 Mr Mrs Joong Sik Cho Mr Mrs Joong Sik Cho Hamilton Methodist Church HMC Dr. & Mrs. Woo Baek Choi Dr Mrs Woo Baek Choi Dr Mrs Ye Soon Kim Family and friends of YSK Prof and Mrs Hung Won Jun Family Of HWJ 2006 Mr Mrs Jong Kook Eun Family of JKE StephenJ Moon Family and friends of SJM 2011 Dr Mrs Young Jin Lee Dr Mrs Young Jin Lee 2012 Dr. and Mrs. David and Jane Chu Chu Family Foundation SWRC - Southwestern Regional Chapter Year Chair Scholarship Donor 2012 Jonathan Yi Memorial John Yi 15

18 List of Chair Scholarships WRC - Western Regional Chapter Year Chair Scholarship Donor 1986 Dae Bo Kim Dr. & Mrs. Duk Soo Kim 1987 Myung Han Kim Mr. & Mrs. Keith Kim Kwi Sun Kim U.S. Magnetics Dr. & Mrs. Luke Kim U.S. Magnetics 1988 Keun Sik Kim Dr. & Mrs. Insoo Kim In Sook Chang Mr. & Mrs. Leo Hahn 1989 Sarah Choi Mrs. Sarah Choi/Setwart Kim Husky Han Mr. & Mrs. Husky Han 1994 Seung Il Song Dr. & Mrs. Seung Il Song 1997 Duk Ryong Yun Dr. & Mrs. Scott Yun 1998 Jung Won Kim Mr. & Mrs. C.J. Kim Steve Y. Kim Mr. & Mrs. Steve Kim 1999 Woul Young Chu Mr. & Mrs. Jaemin Chang Young Hoon Kang Chi Soo Youk Hana Financial Mr. & Mrs. Sung Yong Kang Mr. & Mrs. Jaemin Chang Hana Financial/Sunnie Kim 2000 Hyon Chough Ms. Hyon Chough Dong Kyu Lim Rosalind Okhee Yang Mr. Mrs. Dong Kyu Lim Mr. Eddie Byummo Yang 2001 Steve Koh Mr. & Mrs. Steve Koh 2002 AT& T AT& T Dong Kyu Lim Mr.& Mrs. Dong Kyu Lim 2003 HLA-A2 Dr. & Mrs. Minsik Park Soon Woo Yi Mr. Soon Woo Yi 2005 Jae Kwan Park Mrs. Ann Park Yong Kyu Yi Mr. & Mrs. Yong Kyu Yi 2006 Dong Sun Lim Mr. John Lim 2007 Hwa Kyung Park Dr. & Mrs. Minsik Park Sung Woon & In Hwa Kim KB Kim & Myungso Chung Hyon Chough Dong Il Jang/Mr. SW Kim Mr. KB Kim Ms. Hyon Chough 2008 Jamison Services, Inc Drs. David & Miki Lee 2009 Sara Lee Mr. & Mrs. Nam Lee 16

19 Korean American Scholarship Foundation Regional Offices KASF National Office 1952 Gallows Road, Suite 310 Vienna, VA Eastern Regional Chapter 1952 Gallows Road, Suite 310 Vienna, VA Mideastern Regional Chapter Northwestern Highway Service Drive Southfield, MI Midwestern Regional Chapter 379 Hollow Hill Drive Wauconda, IL Northeastern Regional Chapter th Street, Room #202 Palisades Park, NJ Southern Regional Chapter 1500 Chipping Court Rosewell, GA Southwestern Regional Chapter Kellywood Land Houston, TX Western Regional Chapter 3540 Wilshire Blvd., Suite 920 Los Angeles, CA

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