Through community development, Asian Americans for Equality (AAFE) advances racial, social and economic justice for all, regardless of background, guided by our experiences as Asian Americans and our commitment to civil rights.
Asian Americans for Equality Inc. uses grantmaking to move housing and economic stability work through affiliated and partner organizations in New York City. A defining feature of the recent record is repeated support for landlord remediation payments tied to units being brought into compliance, a practical approach to preserving housing access for low-income renters and voucher holders. The foundation also backs community development and small business infrastructure through its affiliates, including Aafe Community Development Fund Inc and Renaissance Economic Development Corporation. Its giving reflects a mix of program-specific support and pass-through funding. On the housing side, 4nyc Housing Inc received multiple awards for payments made to landlords to bring units into compliance, while Create in Chinatown Inc Dba Thinkchinatown also appears in that same housing-compliance work. On the economic development side, Renaissance Economic Development Corporation received support for small business assistance and a separate grant tied to a Goldman Sachs and NeighborWorks pass-through. The foundation’s portfolio also reaches youth programming, as shown by funding to Stanton Norfolk for a redesigned learning program.
Affordable housing is the clearest thread in the grant record. Asian Americans for Equality Inc. awarded 4nyc Housing Inc repeated payments made to landlords to bring units into compliance, a structure that connects grant dollars directly to unit rehabilitation and housing access. That same compliance-oriented approach also appears in a grant to Create in Chinatown Inc Dba Thinkchinatown for the same purpose. The foundation also supports community development entities. Aafe Community Development Fund Inc received HUD pass-through support in 2024 and a Goldman Sachs and HUD pass-through grant in 2025, showing a role in channeling restricted capital through affiliated organizations. In small business work, Renaissance Economic Development Corporation received assistance to small business grants in 2023 and 2024, plus a separate Goldman Sachs and NeighborWorks pass-through grant in 2025. Youth programming appears as a program-improvement line item: Stanton Norfolk was funded across 2023, 2024, and 2024 for a redesigned youth learning program.
$1.3M
$24.2M
$16M
$12.3M
Most grants fall between $45K and $207K, with a median of $121K.
25th Percentile
$45K
Median
$121K
75th Percentile
$207K
THOMAS YU
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Typical grant sizes cluster in the middle six figures, with a p25 of $45,000, a median of $120,700, and a p75 of $206,765. The recent record also includes larger one-off transfers, including a $1,072,369 payment to Hardesty Renaissance Economic Development Corporation in 2025 for a company balance closeout. Several recipients recur across years, including 4nyc Housing Inc, Renaissance Economic Development Corporation, Aafe Community Development Fund Inc, and Stanton Norfolk. The organization makes program-related investments and its grants include restricted, project-specific support as well as direct payments to service providers and pass-through funding.
Grantmaking is local and entirely domestic in the recent sample: 100% of grants went to recipients in the United States, and 100% of grants went to recipients in New York state. Most named recipients are in New York, NY, including 4nyc Housing Inc, Aafe Community Development Fund Inc, Renaissance Economic Development Corporation, and Stanton Norfolk. The only non-New York recipient in the recent top-grant list is Hardesty Renaissance Economic Development Corporation in Kansas City, MO, which appears in a closeout transaction rather than the core local pattern.
The foundation funds affiliated and partner organizations working on affordable housing, community services, small business support, homeownership-related work, immigration services, youth and family development, and food security. In the recent grant list, recipients include housing, community development, small business, and youth-program organizations.
The distribution is centered in the six figures: p25 is $45,000, median grant size is $120,700, and p75 is $206,765. The recent record also includes a much larger $1,072,369 transfer tied to a company balance closeout.
In the recent grant data, yes. All 16 grants went to recipients in the United States, and 100% went to recipients in New York state. Most recipients are in New York, NY, with one recent grant to Kansas City, MO.
The housing work shown in the grant list is tied to bringing units into compliance and preserving access for tenants. Recent awards include repeated payments made to landlords to bring units into compliance, plus support connected to housing pass-through activity through an affiliated community development fund.
Several recipients appear in multiple years, which shows recurring support rather than isolated awards. 4nyc Housing Inc appears in 2023 and 2024, Renaissance Economic Development Corporation appears in 2023, 2024, and 2025, Aafe Community Development Fund Inc appears in 2024 and 2025, and Stanton Norfolk appears across three grants.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| HARDESTY RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION | KANSAS CITY, MO | $1,072,369 | 2025 | TO RECORD CLOSE OUT HREDC COMPANY BALANCE |
| RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION | NEW YORK, NY | $132,750 | 2025 | GOLDMAN SACHS AND NEIGHBORWORKS PASS THROUGH GRANT TO REDC |
| AAFE COMMUNITY DEVELOPMENT FUND INC | NEW YORK, NY | $89,050 | 2025 | GOLDMAN SACHS AND HUD PASS THROUGH GRANT TO AAFE CDF |
| 4NYC HOUSING INC | NEW YORK, NY | $568,300 | 2024 | PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE |
| 4NYC HOUSING INC | NEW YORK, NY | $287,232 | 2024 | PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE |
| AAFE COMMUNITY DEVELOPMENT FUND INC | NEW YORK, NY | $206,765 | 2024 | HUD PASS THROUGH TO AAFE CDF |
| RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION | NEW YORK, NY | $135,000 | 2024 | ASSISTANCE TO SMALL BUSINESS |
| 4NYC HOUSING INC | NEW YORK, NY | $120,700 | 2024 | PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE |
| CREATE IN CHINATOWN INC DBA THINKCHINATOWN | NEW YORK, NY | $73,000 | 2024 | PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE |
| RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION | NEW YORK, NY | $45,000 | 2024 | ASSISTANCE TO SMALL BUSINESS |
| STANTON NORFOLK | NEW YORK, NY | $25,000 | 2024 | REDESIGNED YOUTH LEARNING PROGRAM |
| STANTON NORFOLK | NEW YORK, NY | $10,000 | 2024 | REDESIGNED YOUTH LEARNING PROGRAM |
| 4NYC HOUSING INC | NEW YORK, NY | $568,300 | 2023 | PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE |
| 4NYC HOUSING INC | NEW YORK, NY | $120,700 | 2023 | PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE |
| RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION | NEW YORK, NY | $45,000 | 2023 | ASSISTANCE TO SMALL BUSINESS |
| STANTON NORFOLK | NEW YORK, NY | $25,000 | 2023 | REDESIGNED YOUTH LEARNING PROGRAM |
HARDESTY RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION
$1,072,369TO RECORD CLOSE OUT HREDC COMPANY BALANCE
GOLDMAN SACHS AND NEIGHBORWORKS PASS THROUGH GRANT TO REDC
AAFE COMMUNITY DEVELOPMENT FUND INC
$89,050GOLDMAN SACHS AND HUD PASS THROUGH GRANT TO AAFE CDF
4NYC HOUSING INC
$568,300PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE
4NYC HOUSING INC
$287,232PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE
AAFE COMMUNITY DEVELOPMENT FUND INC
HUD PASS THROUGH TO AAFE CDF
4NYC HOUSING INC
$120,700PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE
PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE
STANTON NORFOLK
$25,000REDESIGNED YOUTH LEARNING PROGRAM
STANTON NORFOLK
$10,000REDESIGNED YOUTH LEARNING PROGRAM
4NYC HOUSING INC
$568,300PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE
4NYC HOUSING INC
$120,700PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE
STANTON NORFOLK
$25,000REDESIGNED YOUTH LEARNING PROGRAM