Asian-American Business Leaders Fund Effort to Fight Discrimination
A new foundation is launching with backing from influential executives, companies
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, the Asian American Foundation. The foundation has raised another $125 million from organizations like Bank of America, the Ford Foundation and the National Basketball Association (NBA).
It is the single largest philanthropic gift devoted to Asian-Americans, who comprise about 6 percent of the U.S. population but receive less than 1 percent of philanthropic funding.
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