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"The largest philanthropic commitment in history by Asian Americans fully focused on supporting Asian Americans and Pacific Islanders"

An Asian American Foundation has raised $125 million to combat anti-Asian hate.

Launched on Monday, The Asian American Foundation (TAAF) focuses on investment in AAPI communities, largely in response to the recent attacks against Asians across the country.

Having already raised $125 million among its board members, 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.”

Companies including Coca-Cola, Walmart, Amazon and the National Basketball Association were among the contributors.

TAAF will use the money in three main areas: research, education and support.

The foundation is also launching the ‘AAPI Giving Challenge’ to galvanize even more resources to meet the needs of AAPI communities.

“We created TAAF to stand up for the 23 million Asian Americans and Pacific Islanders living in this country and help bring us all together in the fight for our own prosperity. TAAF wants to strengthen and build power for AAPIs, particularly as we face an exponential increase in hate and violence,” said Sonal Shah, President of TAAF and former Deputy Assistant to President Obama and founded the White House Office of Social Innovation and Civic Participation.

“AAPI communities need systemic change to ensure we are better supported, represented, and celebrated across all aspects of American life. TAAF plans to spark that systemic change and help fundamentally transform AAPI empowerment and support well into the future.”

There has been a recent rise in attacks against Asians including an Asian “anti-masker” who was stabbed and killed in Washington.

In another incident, a man who racially abused an Asian American detective is now facing a lawsuit.

A suspect was also arrested for robbing and stabbing an Asian man in San Francisco.

Another a suspect was arrested for stomping on a 61-year-old man’s head in Harlem.

Meanwhile, charges against the man who spat at and punched an 83-year-old Korean grandmother have been dropped.

Elsewhere, the president of the Oakland Chinatown Chamber of Commerce was racially abused and physically attacked.

Additionally, three people were arrested for a burglary spree targeting 26 Asian business owners in Colorado and Wyoming in 2019.

Most recently, an Asian father was attacked in San Francisco whilst walking his 1-year-old child and an Asian American teen was left concussed after being punched at a basketball game in Oakland.