APIASF helps ensure AAPI student persistence and degree attainment, which facilitates the achievement of America’s national college completion goals and strengthens the communities where AAPIs live and work.
Today, APIASF only has the resources to support about 4 percent of all students who apply for its general scholarship program. With 41 percent of all AAPI students attending just 153 AANAPISIs in the nation, APIASF has the opportunity to dramatically scale its impact making a difference for thousands of additional students. Over the next 6 years, APIASF plans to expand its partnership with just nine AANAPISI institutions to approximately 78 campuses nationwide. APIASF seeks to provide the much needed scholarships for underserved Asian American and Pacific Islander students, and also to work with the AANAPISIs and higher education partners to encourage persistence and college completion, facilitate ongoing dialogues, share best practices, and improve research on AAPI students and institutions.
APIASF’s economic model is to accelerate the amount of funding distributed to underserved Asian American and Pacific Islander students attending AANAPISIs by awarding an incremental $27.7 million in scholarships over the next six years. This expansion will support economic growth in the communities where AAPI students and their families live and work throughout the U.S. and the Pacific Islands.
Growth Plan: For the first year, APIASF will require approximately $2.8 million in incremental funding for scholarship and institutional capacity building. Over a six year period, with approximately $35 million in incremental funding, APIASF’s plan is to strengthen the communities around the AANAPISI campuses with 4,620 incremental scholarship awards and investments with selected institutions.
As a key enabler for success and long-term sustainability, APIASF plans to launch capital campaigns tailored to the communities where AANAPISIs are geographically located. APIASF is currently identifying industry and community partners who are economically vested in the contributions that AAPI human capital resources can offer, and in the success of the AANAPISI institutions that serve the geography’s economic success. APIASF will be a key stakeholder in the nation’s collective investment to increase persistence and college completion.
APIASF’s three pillars of success as we scale are:
• Mission and Performance Management: APIASF’s logic model, management and tools are focused on data collection, analysis and measurement of year-to-year trends and outcomes. APIASF will continue to collect, assess and annually inspect the organization’s management dashboard as a continuous improvement mechanism.
• Monitoring and Mitigation: Scaling requires discipline and business controls in addition to management and Board oversight. The Board of Directors together with the APIASF staff leadership team all collaborate to ensure success of the organization’s operations, financial management and business controls.
• Mobilizing and Serving Communities: One of the values at the core of APIASF’s mission is to develop and forge partnerships so that we are able to provide adequate resources to students. This strategy is tied to APIASF’s strategic communications plan aimed at raising awareness of the needs of AAPI students and institutions, providing more accurate data on the community, dispelling misperceptions, and increasing participation in APIASF programs and services.