Asian-American business leaders launch $250-million effort to fight hate

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Prominent Asian-American business leaders launched a $250 million initiative on Monday to support an array of Asian American and Pacific Islander causes.

The Asian American Foundation will invest its initial funding - described by organizers as the largest-ever philanthropic effort to support the AAPI community - in three key areas: anti-hate programs, education, and data and research.

An online launch event on Tuesday will feature former presidents Barack Obama, George W. Bush and Bill Clinton. The 23-million-strong community is the country's fastest-growing demographic group and saw a massive surge in voter turnout in last year's presidential election. Sonal Shah, a former Obama administration official, will serve as the foundation's president and hold a board seat.

 

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