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May 4, 2021 U.S. business leaders launched a five-year, $250 million drive on Monday to support the causes of Asian Americans and Pacific Islanders, vowing to set up a national infrastructure for a community targeted in a rising number of racial attacks. The Asian American Foundation will invest its initial funding — described by organizers as the largest-ever philanthropic effort to support the AAPI community — in three key areas: data and research, anti-hate programs and education. The foundation’s board, which has committed $125 million, is chaired by Li Lu, founder of hedge...

The Asian American Foundation launched Monday with $125 million in board funding to support Asian American and Pacific Islander organizations and causes, with a focus on combating increasing violence against the community.

New foundation with $125 million in funding aims to support Asian American and Pacific Islander community Theresa Braine The Asian American Foundation launched Monday with $125 million in board funding to support Asian American and Pacific Islander organizations and causes, with a focus on combating increasing violence against the community. It’s the largest philanthropic commitment ever by Asian Americans to their own community, the organization said in a press release Monday. “We created TAAF to stand up for the 23 million Asian Americans and Pacific Islanders living in ...

Business leaders launched a five-year, $250 million drive on Monday to support the causes of Asian-Americans and Pacific Islanders, vowing to set up a national infrastructure for a community targeted by a rising number of racial attacks.

Press release content from PR Newswire. The AP news staff was not involved in its creation. The Asian American Foundation Launches to Improve AAPI Advocacy, Power, and Representation Across American Society May 3, 2021 GMT None WASHINGTON, May 3, 2021 /PRNewswire/ -- The Asian American Foundation (“TAAF”) today announced its launch as a convener, incubator, and funder for the Asian American and Pacific Islander (“AAPI”) community. TAAF has already raised $125 million among its board members to support AAPI organizations and causes over the next five years — the largest philanthropic...