Members of a new class of affluent Asian-Americans, many of whom have benefited from booms in finance and technology, are making their mark on philanthropy in the United States. They are donating large sums to groups focused on their own diasporas or their homelands, like the organization that held the fund-raiser, the Korean American Community Foundation
. And they are giving to prestigious universities, museums, concert halls and hospitals — like Yale University
and the Metropolitan Museum of Art
More Suggested Content:
Emergent Philanthropists: America's Evolving Ethnic Donor Groups
May 25, 2010
From FS Advisor
Historic philanthropy patterns of America’s affluent donors are giving way to a more complex and disparate population that represents our country’s patchwork communities. The systematic and predictable giving methods by the rich no longer dominate our donor bases. Diverse communities are emerging with new giving patterns and objectives.