Some of the wealthiest and most influential Asian-American business leaders are mounting an ambitious plan to challenge anti-Asian discrimination, rewrite school curriculums to reflect the role of Asian-Americans in history and collect data to guide policymakers.

The group has pledged $125 million to a new initiative, the Asian American Foundation. The foundation has raised another $125 million from organizations like Walmart, Bank of America, the Ford Foundation and the National Basketball Association.

It is the single largest philanthropic gift devoted to Asian-Americans, who make up about 6 percent of the U.S. population but receive less than 1 percent of philanthropic funding.

The effort comes amid a surge in violence against Asian-Americans. Over the past year, hate crime against Asian-Americans has jumped 169 percent, according to a study by the Center for the Study of Hate and Extremism at California State University, San…

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