LOS ANGELES, Aug. 17, 2021 /PRNewswire/ -- Cathay Bank
Foundation announced today that it will make a grant of
$100,000 each to five non-profit
organizations: Stop AAPI Hate, the Asian Pacific Policy and
Planning Council (A3PCON), the Chinese for Affirmative Action
(CAA), the Asian American Education Project (AAEdu), and the Asian
Americans Advancing Justice–Los Angeles. In addition, ten added
organizations will each receive a donation, ranging from
$15,000 to $50,000. These grants are part of the
distribution of the $1 million
donation from Cathay Bank to the Foundation earlier this year, to
be used towards supporting organizations and work to promote
diverse communities and combat anti-Asian hate crimes and
xenophobia.
"We are proud to support these esteemed organizations in the
fight against racism and xenophobia," said Peter Wu, Vice Chairman of Cathay Bank and
Chairman of Cathay Bank Foundation. "We believe these donations
will go a long way toward fostering a more inclusive culture for
all."
Deborah Ching, Co-Chair of the
Cathay Bank Foundation says, "The strategy behind our donation is
to invest in diversity education, and plant seeds of change in
perceptions and attitudes towards Asians for future generations. We
support our community who is working tirelessly to address hate
violence against Asians and others, by providing important
community resources."
The representative of Stop AAPI Hate, A3PCON, and CAA,
Manjusha Kulkarni, thanked Cathay
Bank and the Cathay Bank Foundation for its donation. "We are
grateful for the resources provided by Cathay, which will enable
our coalition to continue to raise awareness about anti-Asian hate
and discrimination and seek to address the racism through the
provision of resources and assistance to AAPI community members,"
said Kulkarni.
"As we tackle the current tide of anti-Asian violence, we
appreciate the foresight of the Cathay Bank Foundation to support
long term education to challenge the roots of ignorance and
misunderstanding especially with our youth from all backgrounds,"
said Stewart Kwoh, the Co-Founder of
Asian American Education Project.
Connie Chung Joe, CEO of Asian
Americans Advancing Justice in Los
Angeles, also expressed her gratitude towards the support.
"As we continue to see the rise in anti-Asian hate as our community
is unfairly scapegoated for this pandemic, we applaud our API
business leaders like Cathay Bank who are committed to fighting
against insidious racism and supporting our community members. We
are so grateful to Cathay Bank's support as we work towards a just
and equitable world," said Joe.
Below is additional information on the five non-profit
organizations.
- Stop AAPI Hate, formed in 2020, runs the Stop AAPI Hate
Reporting Center that tracks incidents of hate and discrimination
against Asian Americans and Pacific Islanders in the U.S. Stop AAPI
Hate has recorded 6,603 incidents reported between March 19, 2020 and March
31, 2021.
- Asian Pacific Policy and Planning Council (A3PCON) is a
coalition of community-based organizations that advocates for the
rights and needs of Asian and Pacific Islander American
(APIA) communities in the greater
Los Angeles area, with a focus on
low income, immigrant, refugee and other disadvantaged sectors of
the population.
- Chinese for Affirmative Action (CAA) advocates for
systemic change that protects immigrant rights, promotes language
diversity, and remedies racial and social injustice for Asian
American and Pacific Islander communities, working to end the US
Department of Justice's practice of targeting Chinese Americans for
espionage-related crimes.
- Asian American Education Project (AAEdu) creates lesson
plans that educate youth and children about the true histories of
Asian Americans and Pacific Islanders, with the goal of having
long-term impact through future generations.
- Asian Americans Advancing Justice – Los Angeles advances the civil and human
rights for Asian Americans and builds and promotes a fair and
equitable society for all. The organization serves more than 15,000
individuals and organizations every year. The Cathay Bank
Foundation has supported this organization since 2016.
The following 10 organizations will each receive a grant, in
amount respective to their names.
- Chinese American Museum ($50,000)
- LAAUNCH ($50,000)
- Southern California Public Radio ($50,000)
- LA vs Hate ($50,000)
- Asian Americans Advancing Justice-San Francisco-Asian Law
Caucus ($50,000)
- UCLA Labor Center ($50,000)
- Asian Law Alliance ($15,000)
- Center for Asian Americans United for Self-Empowerment
($15,000)
- Chinatown Service Center ($15,000)
- Coalition for Humane Immigrant Rights ($15,000)
About Cathay Bank Foundation
Cathay Bank Foundation,
founded in 2002, has a mission to create opportunities in the areas
of affordable housing, community and economic development, and
education. The foundation also supports programs focusing on
culture and arts, health and welfare, and environmental and human
services that benefit the communities at large. Visit
cathaybankfoundation.org for more information.
About Cathay Bank
Cathay Bank, a subsidiary of Cathay
General Bancorp (Nasdaq: CATY), offers a wide range of financial
services through nine states in the U.S. as well as a branch in
Hong Kong and representative
offices in Beijing, Shanghai, and Taipei. Founded in 1962 to support
Los Angeles' growing Chinese
American community, in the past half century the bank has expanded
and grown with its customers, providing them with the tools and
services they need to achieve their goals. Learn more
at cathaybank.com. FDIC insurance coverage is limited to
deposit accounts at Cathay Bank's U.S. domestic branch
locations.
Contact:
|
Chris Lu
|
|
(626)
279-3837
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cathay-bank-foundation-announces-donation-to-support-our-community-working-to-promote-diversity-and-combat-anti-asian-hate-301357483.html
SOURCE Cathay Bank