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

A new foundation formed by prominent Asian-American business leaders announced on Monday a US$250 million initiative to fund work on a range of problems affecting the community including a rise in violence and harassment tied to the coronavirus pandemic.

The Asian American Foundation (TAAF), founded recently to address a “long-standing lack of investment and resources” for Asian-American and Pacific Islander (AAPI) communities, will channel its initial funding of US$125 million to anti-hate programmes, education, as well as data and research.