The RealReal and Partners Support Asian American Legal Defense and Education Fund Expansion
April 16 2021 - 9:00AM
The RealReal (Nasdaq: REAL)—the world’s largest online marketplace
for authenticated, resale luxury goods—and its partners in the
company's recent capital raise are coming together to give back to
the community. The RealReal is donating $100,000 to the Asian
American Legal Defense and Education Fund (AALDEF), which, along
with an additional $105,000 contributed by its partners, will help
the organization respond to its spike in requests for legal
assistance resulting from the rise in violence toward the Asian
American and Pacific Islander (AAPI) community.
“We have to watch for and fight against racism. That starts with
understanding the issues faced by Asian Americans and it continues
with the work organizations like ours are doing to advocate for
equity and justice,” said Margaret Fung, executive director of
AALDEF. “Providing legal counsel and support for hate crimes is
intensive work. This donation from The RealReal and its partners
will help us add needed resources to our team so we can serve more
people and more communities.”
AALDEF is a New York-based national organization founded in 1974
that protects and promotes the civil rights of Asian Americans.
AALDEF has provided legal representation and counseling to victims
of anti-Asian violence for more than 40 years and has advocated for
stronger hate crimes laws and victim assistance programs.
Joining The RealReal in its donation to AALDEF are Bank of
America, Stifel, King & Spalding, KeyBanc Capital Markets,
Cowen, Credit Suisse, UBS and Raymond James.
“We are committed to supporting and advocating for diversity in
our communities. We’ve been working closely with our Asians +
Pacific Americans Employee Resource Group to support our internal
AAPI community and are now working together to extend our efforts
to help support communities nationwide,” said Julie Wainwright,
founder and CEO of The RealReal. “We appreciate our partners coming
together in this collective effort to expand the essential work
AALDEF is doing to advocate for the Asian American community.”
To learn more about the important work AALDEF is doing, please
visit www.aaldef.org.
About Asian American Legal Defense and Education Fund
(AALDEF)AALDEF combines litigation, advocacy, education
and organizing, working with Asian American communities across the
country to secure human rights for all. AALDEF focuses on critical
issues affecting Asian Americans through programs dedicated to
social justice, immigrant rights, educational equity, environmental
justice and democracy.
About The RealReal, Inc.The RealReal is the
world’s largest online marketplace for authenticated, resale luxury
goods, with more than 20 million members. With a rigorous
authentication process overseen by experts, The RealReal provides a
safe and reliable platform for consumers to buy and sell their
luxury items. We have hundreds of in-house gemologists, horologists
and brand authenticators who inspect thousands of items each day.
As a sustainable company, we give new life to pieces by thousands
of brands across numerous categories—including women's and men's
fashion, fine jewelry and watches, art and home—in support of the
circular economy. We make selling effortless with free virtual
appointments, in-home pickup, drop-off and direct shipping. We do
all of the work for consignors, including authenticating, using AI
and machine learning to determine optimal pricing, photographing
and listing their items, as well as handling shipping and customer
service. At our 15 retail locations, including our 10 shoppable
stores, customers can sell, meet with our experts and receive free
valuations.
AALDEF Press Contact:Jennifer WengAssistant
Directorjweng@aaldef.org
The RealReal Press Contact:Erin SantyHead of
Communicationspr@therealreal.com
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