…and it’s not just little acts of philanthropy either.
Lulu C. Wang, a money manager and philanthropist in New York, and her husband, Anthony Wang, established themselves in the vanguard of this new wave of Asian-American philanthropy when they donated $25 million to Wellesley College, her alma mater, in 2000.
“With this new display of philanthropy, there are many more who are looked at with great interest by these boards,” said Ms. Wang, who was born in New Delhi and is of Chinese descent, and now sits on the boards of the Metropolitan Museum, Columbia Business School and other institutions.
Another Met trustee who is Chinese-American, Oscar L. Tang, said, “There’s a group of us who all know each other and support each other in this tendency.”
Among Mr. Tang’s contributions have been major gifts to Phillips Academy Andover, including a donation of $25 million in 2008, and Skidmore College, as well as the Met.
Looks like $25 million is the common gift among the uncommonly financially successful. I’ve always thought philanthropy was a worthy aim. Make your fortune, and give it back.
By the way, New Yorkers probably remember Kyung Yoon from the news. She was a big deal for my grandmother back then. “It’s Kyung Yoon!”