It is at the very least racial discrimination, as it discriminates on the basis of race who should receive funding. You could argue that it does make the claim that non-colored men have relative superiority, otherwise it would not be able to justify it's abject racism towards them.
It _is_ a form of racism and sexism, by definition. You can make an argument that some forms of racism/sexism are not harmful, or even beneficial, to society, but let's not re-define words based on your convenience.
And before you reply, I suggest you look up the definitions in an English dictionary; personally I referenced Merriam-Webster, but most accepted English dictionaries will tell you more or less the same thing.
You find racial discrimination acceptable? Or also virtuous? Is it a good goal to strive for in 21st century society? Do you find virtue in breaking people up into racial and gendered groups, and then applying pre-calculated policies to "even them out"?
It’s not a goal, it’s a tool to combat systemic racism.
> Do you find virtue
Here’s what I think:
I think there’s no inherent genetic gender or race component that should impact outcomes in people’s relative success. If you believe there is, you are literally a racist or a sexist, by the very definitions of those terms. Given that, if you can predict a group of people’s outcomes based on their race or gender, there is an inequality of opportunity. I believe that the inequality of opportunity should be tackled.
I believe that tackling this is an urgent issue. I believe that affirmative action — like setting up these funds — is a working solution.