Wu Tsai and her husband started a foundation, the Joe and Clara Tsai Foundation. Wu Tsai leads and manages the foundation's work in supporting scientific research, economic mobility, social justice, and creativity in the arts. In August 2020, in the wake of the
George Floyd protests, Wu Tsai and her husband launched the Social Justice Fund in
Brooklyn with a $50 million commitment. The fund invests in programs that address the root causes of the borough's racial disparities in education, health, and wealth. Initiatives included BK-XL, a tech accelerator focused on founders in the
black, indigenous, and other people of color (BIPOC) communities; the EXCELerate Loan Fund, which provides
low-interest loans to BIPOC business owners; and Basquiat in Brooklyn Schools, an educational arts program about Brooklyn-born artist
Jean-Michel Basquiat in partnership with the
New York City Department of Education. Wu Tsai and her husband donated to
Yale University to create the Wu Tsai Institute, which is set to open in the fall of 2022. In July 2021, the Tsais pledged $220 million to create the Wu Tsai Human Performance Alliance, a consortium of experts and academics from Stanford University, the
University of Kansas, the
University of Oregon, the University of California, San Diego,
Boston Children's Hospital, and the
Salk Institute for Biological Studies. In July 2021, the Joe and Clara Tsai Foundation funded a
Jean-Michel Basquiat educational arts program developed in partnership between the
Brooklyn Nets, the
New York City Department of Education and the Fund for Public Schools, with an exhibit hosted in August 2021. In 2022, the Tsais donated $50 million to the renovation of Lincoln Center’s
David Geffen Hall, home of the
New York Philharmonic. The hall reopened in October 2022, with the theater where the Philharmonic performs renamed as the Wu Tsai Theater. As part of the gift, Lincoln Center and the Philharmonic programmed an annual “Wu Tsai Series” featuring performances meant to reach new audiences and celebrate diverse artists. ==Awards==