- In an open letter published on Black Feminist Fund, some of philanthropy’s most influential organizations say that “It’s time to fund Black feminist movements like we want them to win”. Among the 11 prominent grantmakers who signed the letter are Pivotal Ventures (Melinda Gates), Clara Lionel Foundation (Rihanna), and the Ford and MacArthur foundations.
- The B Corp Arabella Advisors is talking about the Future of Black Wealth in a new series of articles and events. It is part of Arabella’s Racial Wealth Gap practice that aims to connect changemakers to philanthropy and impact investors. The series starts by pointing at the racial wealth gap in generational wealth – which is what buys and keeps power. That gap is six to eight times larger than the income gap between Black and White Americans. The follow-up article outlines “three levers changemakers must pull to eliminate” this gap: philanthropy, impact investing, and advocacy.
- Philanthropy Always Sounds Like Someone Else: A Portrait of High-Net-Worth Donors of Color, compiled by Donors of Color Network, presents a qualitative analysis of interviews with 113 high net worth BIPOC donors, conducted over three years in ten cities across the U.S
- The Northwest Area Foundation’s second blog entry in their series on racial capitalism: How Philanthropy Plays a Role in Economic Systems that Harm People of Color, and What It Can Do to Help Heal and Repair.