why we do it
There is no philanthropic network in California solely dedicated to Black issues, to empowering Black voice, and investing in Black leadership and Black organizations.
Calling investment in Black-led social change a “moral imperative,” ABFE leadership recommended at least a 25 percent increase in giving by the nation’s largest foundations over the next five years, with an emphasis on strengthening the infrastructure for Black-led social change.
– The Case for Funding Black-led Social Change, Association of Black Foundation Executives (ABFE), 2017
The proportion of annual grant money for African Americans decreased by 4.3% between 2005-2014, the highest decrease of any POC group
(Latinos, -0.1%; API +0.2%, Indigenous Peoples -1.6% over the same time period).
– Philanthropic Initiative for Racial Equity, 2017
Average revenue is 24% smaller and unrestricted net assets among Black-led organizations are 76% smaller than White-led organizations.
– Racial Equity and Philanthropy, Bridgespan Group and Echoing Green, 2020
Less than
2%
of funding by the nation’s largest foundations is specifically
targeted to the Black community
"There is nothing more exhilarating to have the Black Equity Collective to support and bring other Black leaders and Black-led organizations to learn, develop and grow our work in a space that celebrates our greatness."
-Charisse Bremond, President & CEO, Brotherhood Crusade