The Chronicle of Philanthropy highlights a New York Times article focusing on the growth of Asian American philanthropy.
Asian-Americans who have built fortunes in finance and technology are joining boards and making multimillion-dollar gifts to universities, museums, and other institutions. Groups such as the Korean American Community Foundation and the American India Foundation hold regular fundraising galas, often targeting needs in their homelands or U.S. diaspora communities.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.