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Asian-American leaders launch foundation to counter hate AFP 4 hrs ago AFP © Drew Angerer Jerry Yang, co-founder and former chief executive officer of Yahoo is among the backers of a new foundation to counter discrimination against Asian Americans Responding to a wave of recent hate crimes, Asian American leaders unveiled a new philanthropic group Monday funded so far at some $250 million to counter discrimination. Calling itself the Asian American Foundation, the group said it was undertaking "largest philanthropic commitment in history by Asian Americans fully focused o...

(Corrects 10th paragraph to make clear Citadel Securities is not a division of Citadel LLC) FILE PHOTO: People listen to speakers during a Rally Against Hate to end discrimination against Asian Americans and Pacific Islanders in New York City, U.S., March 21, 2021. REUTERS/Eric Lee (Reuters) - Prominent Asian-American business leaders launched a $250 million initiative on Monday to support an array of Asian American and Pacific Islander causes, vowing to create a national infrastructure for a community that has faced an increasing number of racial attacks. The Asian American Foundation will i...

A new foundation is launching with $250 million in backing from influential executives and major companies. Jerry Yang, the Yahoo co-founder, is among the backers of the newly formed Asian American Foundation.Credit...Brendan McDermid/Reuters May 3, 2021, 7:43 a.m. ET Some of the wealthiest and most influential Asian-American business leaders are mounting an ambitious plan to challenge anti-Asian discrimination, rewrite school curriculums to reflect the role of Asian-Americans in history and collect data to guide policymakers. The group has pledged $125 million to a newly formed initiative, t...

The effort highlights Asian Americans as a political and cultural force after a spate of anti-Asian hate crimes.

Asian American business leaders launch $250M effort to combat anti-Asian hate By Joseph Ax Reuters (Reuters) -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. 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: anti-hate programs, education, and data and research. The foundation's...