A foundation launched by prominent Asian American business leaders earlier this month said Thursday it has raised more than $1 billion to support Asian American and Pacific Islander communities.
The announcement from The Asian American Foundation, or TAAF, came minutes after President Joe Biden signed legislation aimed at curtailing the rise in hate crimes against Asian American and Pacific Islander communities in the United States.
Sonal Shah, the foundation's president, and TAAF board members were also at the White House, where they briefed administration officials, including domestic policy adviser Susan Rice.
They discussed how the foundation plans to spend the $1.1 billion in donations to fight back against hate crimes directed at