May 21, 2021
Share on
New funding to accelerate opportunity in AAPI communities across the United States
CHICAGO, May 21, 2021 – Citadel and Citadel Securities today announced that their team members have committed more than $40 million to support The Asian American Foundation (TAAF).
Launched earlier this month, TAAF is committed to accelerating opportunity and prosperity for the 23 million Asian Americans and Pacific Islanders who strive to build a better future in the United States. Citadel Securities CEO Peng Zhao has joined other business and social impact leaders in launching TAAF as a convener, incubator and funding source for the AAPI community.
Funding provided by the Citadel and Citadel Securities teams will support TAAF’s work to promote appreciation of AAPI history and culture and broaden understanding of AAPI contributions in the United States. It will also facilitate data-driven research to create opportunity and ensure safety for those within AAPI communities.
“The American dream is based on the belief that anyone from anyplace has a chance to compete and succeed” said Peng Zhao, Citadel Securities CEO and TAAF Founding Board Member. “By bringing investments and resources to AAPI communities, along with an ambitious and data-driven approach, we are working to make that a reality by accelerating opportunity and prosperity at this critical moment and well beyond.”
“We have seen what is possible when talent and ambition meet opportunity,” said Sonal Shah, President of TAAF. “Support from Citadel and the broader business community is critical to ensuring members of the AAPI community can thrive.”
This commitment from the Citadel and Citadel Securities teams builds on the firms’ longstanding support of organizations and initiatives that expand access to resources and opportunities. Over the last year, these initiatives have included Chicago Connected, Miami Connected, the Last Mile Education Fund, MarketWorks and Saga Education.
Break Through Tech Announces $26 Million Investment to Increase the Number of Women in Artificial Intelligence
Citadel and Citadel Securities Launch Summer Externship to Develop the Next Generation of Diverse Talent in Finance
500 Schools with Significant Black Student Populations Will Offer AP Computer Science Principles with New Funding from Ken Griffin, Citadel, and Citadel Securities
Schoolhouse.world Announces New Funding From Citadel and Citadel Securities to Expand Access to Free, High-Quality Online Tutoring to Students Around the World
Citadel and Citadel Securities Support New Effort to Close the Digital Divide and Ensure that No Home is Left Offline
Citadel and Citadel Securities Partner with Thrive Scholars to Unlock Opportunities for High-Achieving Students of Color From Low-Income Communities
Citadel and Citadel Securities and the Bill & Melinda Gates Foundation to Increase the Supply of Medical Oxygen in India
Ken Griffin Provides Lead Funding For New Initiative To Bridge The Digital Divide In Miami-Dade County
Chicago Mayor, CPS and Ken Griffin Launch Groundbreaking Initiative to Bridge Digital Divide
Citadel and Citadel Securities Announce Nationwide Expansion of MarketWorks Financial Education Program
Citadel and Citadel Securities Accelerate COVID-19 Research and Vaccine Development Initiatives at Leading UK Medical Institutions
Citadel and Citadel Securities Accelerate COVID-19 Testing and Treatment Initiatives to Enhance Community Resilience Across the Nation
Market Lens: Disclosure of Order Execution Information Proposal
Citadel Securities 2023 PhD Summit
CEO Peng Zhao Profiled in Bloomberg Businessweek: ‘Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire’
Market Lens: Tick Size Proposal
Ken Griffin on Campus
Dr. Lisa Su, Chair & CEO of AMD, on Building a High-Performance Culture
Market Lens: Best Execution Proposal
I Interned at Google, Meta and Citadel Securities. I Chose Citadel Securities.
Market Lens: Order Competition Proposal
Market Lens: Equity Market Structure Proposals
