About Ace Foundation
The National ACE Foundation was established to improve the quality of life for Asian and Pacific Islander Americans and all Americans by assisting the small business community through education and training, research, and community development.
Focus Areas
small business developmententrepreneurshipeducation and trainingcommunity developmentsupport for Asian and Pacific Islander American communities
Who They Fund
restaurants (small/independent)restaurant owners/operatorshospitality/food service workers
Funding Style
capacity buildingreopening/recovery supportgeneral/unrestricted operating support
About Ace Foundation
Ace Foundation’s defining pattern is restaurant recovery and capacity building for independent Asian and Pacific Islander-owned businesses in the United States. Through its AAPISTRONG Restaurant Fund and its 2025 Restaurant Accelerator and Community Fund Grant, the foundation directs support to small restaurants, often around reopening, expansion, business growth, and community impact. That focus fits its broader mission to improve the quality of life for Asian and Pacific Islander Americans and all Americans by assisting the small business community through education, training, research, and community development. The recent-grants list shows the same emphasis in practice. In 2023, Imperyo LLC in Columbus, Ohio received $100,000 for reopening or capacity building for restaurants, while Facing East Taiwanese Restaurant in Bellevue, Washington received the same amount for the same purpose. In 2024, Aloha Island Market AZ in Mesa, Arizona received $50,000 for reopening or capacity building. The foundation’s work reaches small restaurant owners and operators across many states, with grants that are often tied to growth, resilience, and operational strengthening rather than broad unrestricted support alone.
What Ace Foundation Funds
Ace Foundation centers its giving on restaurants and small-business development, especially within the AAPI community. One clear thread is reopening and operational rebuilding: Sunhee's Farm and Kitchen LLC in Troy, New York received $50,000 for reopening or capacity building for restaurants, and Nom Wah Nolita Inc in New York, New York received $25,000 for the same purpose. The foundation also supports capacity building across diverse food businesses. Pho Loan Inc in Chicago, Illinois received $25,000 for reopening or capacity building, while Thai Noodles - Pho and Thai Cuisine LLC in Yukon, Oklahoma received $25,000 for the same category. Its program descriptions point to business growth, expansion, economic development, and community resilience. The 2025 Restaurant Accelerator and Community Fund Grant committed $485,000 to nearly 100 recipient restaurants, with emphasis on economically disadvantaged areas. The AAPISTRONG Restaurant Fund is open to independent, AAPI-majority-owned U.S. restaurants and includes grants and larger grand prizes.
How Ace Foundation Gives
Ace Foundation’s typical grant size sits at $10,000 at the 25th percentile, $15,000 at the median, and $25,000 at the 75th percentile, though the recent list also includes larger awards of $50,000 and $100,000. The pattern suggests a grantmaking model that mixes standard awards with larger capacity-building grants. The recipient list shows activity across multiple years, with grants appearing in 2023, 2024, and 2025. That points to recurring programmatic giving rather than one-off support. The foundation does not make grants to individuals and does not make program-related investments. Its active programs accept unsolicited applications.
Financial Snapshot
Annual Giving
$790K
Total Assets
$3.4M
Total Revenue
$3.2M
Total Expenses
$2.3M
Typical Grant Size
Most grants fall between $10K and $25K, with a median of $15K.
25th Percentile
$10K
Median
$15K
75th Percentile
$25K
Geographic Reach
National46 states funded
About 2% of grants go to recipients in NC.
Funding intensity
LowHigh
Headquarters
Leadership
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