Asian American Foundation launches with $125 million investment


Source: kiiitv.com kiiitv.com

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WASHINGTON — A new foundation launched Monday with the goal of solving a longstanding lack on investment in Asian American and Pacific Islander communities, which have recently faced a growing number of racist attacks. The Asian American Foundation (TAAF) said it has already raised $125 million among its board members to support Asian American and Pacific Island organizations and causes. The foundation described the initial funding as the "largest philanthropic commitment in history by Asian Americans fully focused on supporting Asian Americans and Pacific Islanders." According to Reuters , several major companies including Coca-Cola, Walmart, Amazon and the National Basketball...