The Asian American Foundation Announces First Year Success of its $1.1 Billion AAPI Giving Challenge and Commits $65M Over Five Years Through Launch of new Portfolio Strategy
SAN FRANCISCO, May 3, 2023 /PRNewswire/ -- On its two-year anniversary, The Asian American Foundation (TAAF) announced today the first year success of the $1.1 billion Giving Challenge and unveiled its Portfolio Strategy, committing $65 million in direct funding over five years to bring transformational impact to the lives of AAPIs and their communities. TAAF will invite our network of partners to co-invest in this Portfolio Strategy to significantly multiply the funding and catalyze the impact. With the TAAF Board covering all of TAAF's operating costs, 100% of all funds raised via this new strategy will go directly to programming and initiatives.
- TAAF will invite our network of partners to co-invest in this Portfolio Strategy to significantly multiply the funding and catalyze the impact.
- In addition, TAAF will continue to execute its own unique initiatives and events to meet the evolving needs of the community.
- That's why TAAF's Portfolio Strategy focuses on four core initiatives: Anti-Hate, Education, Narrative Change, and Resources & Representation," said Norman Chen, CEO of TAAF.
- Beginning this year, TAAF will support greater AAPI representation on corporate boards and also additional resources for AAPI small businesses.