malaymail.com 03 May, 2021 15:00 am

Asian American business leaders launch US$250m effort to combat anti-Asian hate

Asian American business leaders launch US$250m effort to combat anti-Asian hate
NEW YORK, May 3 — Business leaders launched a five-year, US$250 million drive today 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...

5 per cent of charitable foundation-giving even though Asian Americans represent about 6 per cent of the US population.The effort bolsters the emergence of Asian Americans as a political and cultural force, particularly in the wake of a spate of anti-Asian hate crimes in the last year.In an interview, Shah said the foundation will counteract the “model minority myth” that Asian Americans are successful and do not need assistance.5 per cent of US corporate officers are of Asian descent, she noted, and many Asian Americans face discrimination, poverty and marginalisation.

“We want to make sure they have a voice when it comes to policy; we want to make sure they have a voice when it comes to academia; we want to make sure they have a voice when it comes to the arts.The Asian American Foundation will invest its initial funding — described by organisers as the largest-ever philanthropic effort to support the AAPI community — in three key areas: anti-hate programmes, education, and data and research.

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