An effective community investment program seeks to improve economic mobility, build community wealth, increase access to health resources, cultivate a fair and just housing system, and strengthen democratic participation. Longstanding disparities in funding Black-led/Black-serving organizations have left communities of color under-resourced, underserved, and overrepresented in the groups facing adverse outcomes.
Equitable philanthropy plays a significant role in an organization's ability to meet the unique challenges of Black and other historically underserved communities.
According to a study by Echoing Green, Black-led organizations were 24 percent smaller than the revenues of their white-led counterparts, and the unrestricted net assets of the Black-led organizations were 76 percent smaller than their white-led counterparts.
It is predicted that even if substantial financial investments are made in communities of color, it will take hundreds of years to close the wealth gap between blacks and whites. Starting with investments by the private and public sector, as well as making changes in policies and practices will help to begin to catalyze a broader range of innovative, community-based solutions and dismantle systemic racism.
Discover REDI Solutions to promote Equitable Community Investment.
Copyright © 2021 Racial Equity Diversity + Inclusion - All Rights Reserved.
Powered by Urban League of Broward County