Donation from Mr. Dow Kim

$100,000 Donation from Dow Kim in addition to the $500,000 Multi-Year Pledge from The Dow Kim Family Foundation in 2018

[Vienna, VA] – The Korean American Scholarship Foundation (KASF) is pleased to announce a $100,000 gift from Mr. Dow Kim in memory of his beloved wife, Aeri Kim. The funds will be used to assist in awarding of scholarships to the most qualified students attending institutions of higher education in the United States. This gift is in addition to the pledged multi-year gift of $500,000 from the Dow Kim Family Foundation made in 2018, which is the largest gift KASF has received to date.

Mr. Kim believes in the importance of higher education being a platform for developing future leaders, and he strongly supports KASF’s core activities of helping Korean American students pursue academic and personal achievements, encouraging community and civic service as an integral part of leadership development; and nurturing the sense of pride in Korean cultural heritage. Mr. Kim genuinely wants to see more Korean Americans succeed in all professions so that over time, we can economically, culturally, and politically become stronger as a group in this country. Mr. Kim has been advising the board leadership since 2018 and will continue to do so going forward.

“On behalf of the KASF National Board of Directors, KASF is honored to have Mr. Dow Kim create four Chair Scholarships. Moreover, Mr. Kim continues to give KASF invaluable advice and guidance in order to make KASF a more professional non-profit organization. KASF looks forward to furthering Mr. Kim’s involvement with KASF on a national level,” said Mr. Frank Lee, KASF National Board Chairman.

About Mr. Dow Kim

Dow Kim is a Private Investor and the Chairman and CEO of privately-owned companies of PT Sarabau Mas Group in Indonesia. Mr. Kim is also the President of Dow Kim Family Foundation, which is a 501(c)(3) designated private foundation engaged in philanthropic activities to help better and empower the lives of underserved and under-resourced Korean Americans in areas of education, social services, and arts & culture. In addition to the work through the Family Foundation and various other philanthropic activities, the Kim Family also supports education through The Dow Kim Family Endowed Undergraduate Scholarship Fund at The University of Pennsylvania.

Mr. Kim was the Co-President of Global Markets & Investment Banking, and EVP and a member of the Executive Management Committee at Merrill Lynch & Co during October 2003 – May 2007. Mr. Kim served as a Trustee of The Asia Society during October 2006 – October 2009 and as a Board Trustee of the Marymount School of New York during 2005-2014. Mr. Kim received the “Spirit of Asian America Award” from the Asian American Federation of New York in 2006. Mr. Kim completed the Advance Management Program at Harvard Business School and received his MBA and BSE from The Wharton School. Mr. Kim graduated from Phillips Academy Andover.

About KASF

KASF is a non-profit, volunteer-based organization established in 1969 to assist Korean American students to pursue academic and personal achievements; encourage community and civic service as an integral part of leadership development; and nurture the sense of pride in Korean cultural heritage. KASF is a national organization currently operating with seven regional chapters located in Washington D.C., Los Angeles, New York, Atlanta, Chicago, Houston and Denver. Since 1969, KASF has provided more than 10 million dollars of scholarships to about 6,800 Korean American and qualified students, and in 2019, KASF provided $514,500 scholarship to a total of 273 students nationwide. For more information, please visit KASF website at www.kasf.org and contact Eun Jeong Lee, Executive Director of KASF at [email protected]