APIASFAsian Pacific Islander American Scholarship Fund
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Horikoshi added that APIASF supports 48 ethnicities identified by the US Census and the 300+ plus subethnicities.
Wells Fargo's donation is in addition to a multiyear $3.15 million commitment from Wells Fargo to APIASF in 2014.
"Wells Fargo is excited to celebrate the Lunar New Year with the AsianAmerican community," said Arati Randolph, Wells Fargo senior vice president, corporate communications and APIASF board member.
In 2013, Wells Fargo invested a record $275.5 million in 18,500 nonprofits, educational programs and schools, including $10.5 million to organizations specifically serving the Asian community, including APIASF.
The Washington-based APIASF counts among its partners and allies not only IHEP, but entities such as the Hispanic Association of Colleges & Universities, the American Council on Education and the Thurgood Marshall College Fund.
When I first came to APIASF in 2008, I kept reading reports about achievement gaps among Blacks, Hispanics and Native Americans.
So arming himself with statistical data, Horikoshi trooped up and down the Beltway explaining to education agencies, legislators and stakeholders not only the mission of APIASF, but how some Asians and Pacific Islanders have substantially lower rates of degree attainment than their ethnic and racial counterparts.
Since its 2003 inception, APIASF has distributed more than $3 million in awards.