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.
May 2, 2021
Asian American business and community leaders, including billionaire Yahoo co-founder Jerry Yang, have quietly lined up what they aim to be the largest private investment in Asian American and Pacific Islander causes in U.S. history following a rise in anti-Asian bigotry.
The Asian American Foundation, which is set to announce its initial fundraising commitments on Monday, is among dozens of AAPI groups seeking to harness a flood of resources that has accelerated since a gunman killed eight people, including six women of Asian descent, at Atlanta-area day spas in March.
The foundation will fill in funding gaps for a wide array of AAPI organizations that have been under-financed for years. Part of its role will be to serve as the AAPI counterpart to other national civil rights bulwarks, such as the Anti-Defamation League or the National Association for the Advancement of Colored People, which advocate for the Jewish and Black communities, respectively.
Asian American groups push for socio-political clout with funding surge japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
By Joseph Ax (Reuters) - Asian-American business and community leaders, including billionaire Yahoo co-founder Jerry Yang, have quietly lined up what .