SAN FRANCISCO--(BUSINESS WIRE)--Give2Asia, a leading provider of services for philanthropy to Asia, today is releasing a new study on the giving patterns of Korean Americans. The report, titled “Korean American Philanthropy: Traditions, Trends, and Potential,” draws on Give2Asia’s expertise in working with Asian American donors, in-depth interviews with Korean American donors and advisers, and research on population trends to provide the philanthropic community with new insights into the state of philanthropy among Korean Americans.
“Korean Americans are gradually becoming more engaged in philanthropy but little has been documented about their motivations and interests,” explains Bill Kim, a trustee and former chairman of the Board for Give2Asia. “Give2Asia decided to research Korean American giving trends and to start a discussion on how best to meet the needs of this community.”
The report examines the Korean American diaspora’s potential for philanthropy and finds that it is increasing as the diaspora accumulates wealth and comes to include a greater number of upwardly mobile American-born individuals. It also explores various traditions of giving among Korean Americans, including informal giving, remittance sending, gye, and church-based giving, and shows that mainstream giving is on the rise. While realizing that giving is inherently individual, the report also suggests that certain values, fields of interest, and giving patterns are characteristic of Korean American donors as a group.
The report is publicly available on Give2Asia’s website (www.give2asia.org/korean-american-report). Give2Asia believes that the success of the philanthropic community depends on the funding, execution, and free sharing of impactful research. It hopes that this report will serve as a baseline for additional research and spark a conversation about Korean American philanthropy.
About Give2Asia
Give2Asia (http://www.give2asia.org) combines exceptional stewardship with comprehensive, on-the-ground knowledge to promote actions benefiting Asian communities. Give2Asia partners with individuals and families to help them fulfill their philanthropic goals. Since 2001, Give2Asia has worked with over 8,500 donors to overcome the common challenges associated with giving overseas and has made possible over US$150 million in donations.
If you would like more information about this topic, please call Birger Stamperdahl at (415) 743-3343 or e-mail him at bstamperdahl@give2asia.org.