Educational Institutions

Asian and Pacific Islander American Scholarship Fund

  • Washington, DC
  • www.apiasf.org

Mission Statement

Our mission is to make a difference in the lives of AAPI students by providing them with resources that increase their access to higher education which serves as the foundation for their future success and contributions to a stronger America.

We carry out our mission by: providing scholarships to AAPI students; forging partnerships among corporations, foundations, community organizations and individuals to provide adequate financial and other resources to carry out our mission; providing guidance, mentorship and programs to facilitate students' academic success, leadership and professional growth; establishing strategic alliances within AAPI and educational communities; and building a clearinghouse of higher education research on AAPI high school and college students and continue to increase awareness of AAPI education issues and challenges.

Main Programs

  1. Scholarship Programs
Service Areas

Self-reported

National

Throughout all 50 states, the U.S. Territories, and the Freely Associated States.

ruling year

2004

President & Executive Director

Self-reported

Neil Horikoshi

Keywords

Self-reported

education, scholarship, minority, Asian, underserved, college, Pacific Islander

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Also Known As

APIASF

EIN

57-1192973

 Number

1132614721

Physical Address

2025 M Street, NW Suite 610

Washington, 20036 5002

Contact

Cause Area (NTEE Code)

Scholarships, Student Financial Aid, Awards (B82)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

APIASF mobilizes resources to create opportunities for students to access, complete, and succeed after post-secondary education, creating a generation of future leaders who will excel in their careers and serve as role models in their communities. This creates more vibrant communities, reduces poverty, and improves quality of life, having a positive effect on future generations. By investing the in the next generation of Asian American and Pacific Islander leaders who give back to their communities, we thereby break the cycle of poverty. As a select member of the Social Impact Exchange, APIASF is dedicated to impact and transparency, utilizing .88 cents out of each 1 dollar directly for programs and services, and serving over 150,000 community members worldwide.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Scholarship Programs

Since our founding in 2003, APIASF has distributed over $100 million in scholarships to Asian American and Pacific Islander students from all 50 states, in the U.S. Territories, and the Freely Associated States, representing all 48 distinct ethnic groups (determined with categories of U.S. Census).
APIASF administers three scholarship programs: APIASF General Scholarship; APIASF Asian American and Native American Pacific Islander-Serving Institution (AANAPISI) Scholarship; and the Gates Millennium Scholars (GMS/APIA) Program. The APIASF General Scholarship is open to Asian American and Pacific Islander (AAPI) high school and college students who will be enrolling or are currently enrolled in a U.S. accredited college or university as a degree-seeking undergraduate student in the upcoming academic year. The APIASF AANAPISI Scholarship supports full-time Asian American and Pacific Islander (AAPI) students at specified institutions. AANAPISIs are Minority-Serving Instructions (MSIs) that have an undergraduate enrollment of at least 10 percent AAPI students and a significant enrollment of students with financial need. The GMS program, funded by a grant from the Bill & Melinda Gates Foundation, was established in 1999 to provide outstanding, African American, American Indian/Alaska Native, Asian Pacific Islander American, and Hispanic American students with significant financial need an opportunity to complete an undergraduate college education in any discipline area of interest. The goal of GMS is to promote academic excellence by providing thousands of outstanding students, the opportunity to reach their full potential.

Category

Education

Population(s) Served

Asian/Pacific Islander

None

Budget

$17,000,000

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    APIASF will be a key part of the national investment to increase persistence and college completion among Asian American and Pacific Islanders (AAPI), facilitate ongoing dialogues between institutions and the sharing of best practices, and improve academic attainment data. Over time, as APIASF secures additional funding and enhances the sustainability of our financial model, APIASF aims to become the national AAPI scholarship organization with linkages to all Asian American Native American Pacific Islander-Serving Institutions (AANAPISIs), the communities they serve, and the local economies they support with their graduates. AANAPISIs represent important organizational settings for improving retention, transfer, and graduation rates for low-income, high-need AAPI students, and are ideal sites to conduct institution -level research on programs, student outcomes, and policy-relevant studies. APIASF has scaled its impact nationwide by partnering currently with 18 AANAPISI campuses with the goal to partner will all of the AANAPISI campuses that have received federal AANAPISI funding, which is part of APIASF's long-term aspiration of expanding its partnerships to the full group of funded, designated, and eligible AANAPISIs (our long-term goal of 150 institutions) that support a large proportion (41 percent today) of AAPI students in the nation.
  2. What are the organization's key strategies for making this happen?
    Since APIASF's inception in 2003, diverse partnerships have played a critical role in not only the formation of the organization, but its growth over the years. To reach the goal of establishing partnerships at all 150 funded, designated, or eligible AANAPISI institutions, and considering economies of scale, APIASF will judiciously ramp up the number of AANAPISI scholarships and partner with qualified and funded AANAPISIs. As a key mechanism for success, APIASF plans to develop capital campaigns around the communities where AANAPISIs are geographically located. APIASF will identify and confirm industry and community partners who are economically vested in the success of the valued Asian American and Pacific Islander human capital resource, and also vested in the success of the AANAPISI institutions who serve the community's economic success.
  3. What are the organization's capabilities for doing this?
    The APIASF Executive team, staff and the APIASF Board of Directors are leaders who carry a critical message about college completion and also serve as an important voice for underserved AAPI students in the nation. APIASF's staff utilizes a diversity of experience and expertise to further organizational goals and make a difference in the lives of Asian American and Pacific Islander (AAPI) students. APIASF's Board of Directors is a prestigious group comprised of senior level executives from major U.S. corporations and key national organizations in the AAPI community.

    One of the values at the core of APIASF's mission is to develop and forge partnerships so that we are able to provide adequate financial and other resources to students. Over the years, APIASF has developed linkages not only in the AAPI community, but also with all the other national multi-cultural scholarship organizations, and APIASF has made it a priority to diversity our funding sources. APIASF has expanded to collaborate with other nonprofits and educational organizations to help advance organizational goals, promote education equity, and secure better data. APIASF leverages partnerships and helps build coalitions in order to create widespread change that impacts not only AAPI students, but the entire minority community and the nation as a whole.

    With respect to our projected 3-6 year revenue and expense plan, incremental revenue is tied to our strategic development of industry and community groups who have an interest in the success of our students and the AANAPISIs that support them. Our efforts are linked to realistic budgets that are closely managed by our Budget and Finance Committee with oversight from the Executive Committee. The Board of Directors and specifically the APIASF Budget and Finance Committee, together with the APIASF staff leadership team all collaborate to ensure success of the organization's operations, financial management, and business controls.

    Finally, APIASF is proud to be one of the few national AAPI organizations to focus on students from the Pacific Islands and we are proud to today have a personal linkage with all of the Presidents at all the AANAPISIs throughout the Pacific Islands.
  4. How will they know if they are making progress?
    Within the first interim goal of APIASF's plans to scale from its existing partnerships with 9 AANAPISI campuses, to date we have partnerships with 18 AANAPISI capuses. Considering economies of scale, APIASF will judiciously ramp up the number of AANAPISI scholarships and partner with qualified and funded AANPISIs. The output metric that defines our business and financial plan to scale is based on the communities where funded and designated AANAPISIs are located. APIASF's output metric is the number of funded AANPAISI campuses and/or communities where APIASF develops a partnership. However, as part of any business plan, APIASF is prepared to adjust the scale according to the amount of capital that is raised. With limited incremental funding, our timeline to achieve our goals to support more students at AANAPISIs would be extended over more years. APIASF's final outcome metric is the number of additional Asian American and Pacific Islander students who obtain a post-secondary degree and the overall college completion rate.
  5. What have and haven't they accomplished so far?
    APIASF is pleased to announce partnerships with various foundations and corporations which have allowed us to grow our AANAPISI Scholarship Program from 15 AANAPISI campuses last year to 18 campuses this year, demonstrating that we are on target to achieving our first interim goal of establishing partnerships with all 21 AANAPISI campuses that have received federal AANAPISI funding. The AANAPISI Scholarship Program supports the Partnership for Equity in Education through Research (PEER) project, which was launched last year by APIASF along with the National Commission on Asian American and Pacific Islander Research in Education (CARE) to help realize the full degree-earning potential of the Asian American and Pacific Islander student population. While this progress is notable, APIASF fully understands the risk factors (Model Minority Myth, donor motivation, economy, geographical distance with Pacific Island AANAPISIs, and AANAPISI campus demand) that may challenge APIASF in its quest to develop partnerships with all 150 funded, designated, and eligible AANAPISIs and have developed a contingency plan. Learn more about APIASF's scalable business plan at: http://www.socialimpactexchange.org/sites/www.socialimpactexchange.org/files/APIASF%20Business%20Plan%20Framework.pdf.
Service Areas

Self-reported

National

Throughout all 50 states, the U.S. Territories, and the Freely Associated States.

Social Media

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Accreditations

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

ASIAN AND PACIFIC ISLANDER AMERICAN SCHOLARSHIP FUND
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Asian and Pacific Islander American Scholarship Fund

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
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President & Executive Director

Neil Horikoshi

BIO

Neil Horikoshi joined the Asian & Pacific Islander American Scholarship Fund (APIASF) in 2008 as the President & Executive Director after a distinguished 30-year career at International Business Machines Corporation (IBM), where he served in a variety of legal and executive management positions in the United States and Asia Pacific.

Prior to joining APIASF, Horikoshi served as IBM's director of global business development, global services, where he led industry discussions on regulatory and procurement issues affecting the information technology industry, developed external relationships with key governmental agencies on behalf of IBM, participated in Congressional and Executive Branch advocacy meetings, and spoke frequently at trade association and federal government conferences on procurement issues.

In addition to his vast corporate experience, Horikoshi is active in the community. He serves as chairman of the board of the Aplastic Anemia & MDS International Foundation, Advisory Council member for both the Asian American Justice Center and the Asian Pacific American Institute for Congressional Studies and Board of Governors member for the “Go for Broke" National Education Center.

Horikoshi was recognized in 2008 as one of the top Federal Computer Week's Federal 100 people who contributed as an “Agent of Change" to Federal IT market. Horikoshi was also awarded the “Outstanding 50" Asian American Business Leaders in 2008 by the Asian American Business Development Center in New York.

He holds a Bachelors degree in Business Administration from the University of Hawai'i and a Juris Doctorate degree and a Masters Degree in Business Administration from the University of Southern California. He is a member of the New York State Bar and the American Bar Association.

Governance

BOARD CHAIR

Michael Fung

APIASF

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

No

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?