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A $200 million endowment focused on Black Americans is taking shape
The fund aims to award $10 million annually to racial justice nonprofits, building on $97 million raised since 2020 to support Black-led organizations nationwide.
- Earlier this year, the California Black Freedom Fund spun off on July 1, becoming the Black Freedom Fund with a goal of raising $200 million.
- Started in 2020, the initiative launched after George Floyd’s murder, with the Robert Wood Johnson Foundation awarding $5 million each to UnidosUS, the NAACP, and Faith in Action.
- The fund has directed $45 million to 206 California nonprofits serving Black communities, recently adding $500,000 for the spin-off, according to the California Black Freedom Fund.
- Observers note the spin-off is rare and politically bold amid efforts to eliminate race-based grantmaking, with reports indicating the White House directed the DOJ to root out such instances.
- Looking ahead, the fund, according to Race Forward president Glenn Harris, can serve as a lasting beacon to smaller Black-serving organizations in California, as Philpart noted.
20 Articles
20 Articles
Black Freedom Fund Aims For $200M Endowment To Sustain Racial Justice Work
Source: Ira L. Black – Corbis / Getty Launched in 2020 in response to the national reckoning over racial injustice following the murder of George Floyd, the California Black Freedom Fund—the largest pooled fund in the country dedicated to Black-serving organizations—has announced bold plans to expand into a $200 million endowment, according to the Associated Press. Originally housed within the Silicon Valley Community Foundation, the fund offic…
A $200 Million Endowment Focused on Black Americans Is Taking Shape
Started in 2020 as a five-year initiative inspired by the racial justice outcry following the police murder of George Floyd, the California Black Freedom Fund plans to expand to a $200 million endowment. The move is both rare in the world of philanthropy and politically bold, given the Trump administration’s efforts to eliminate race-based grant making.
Associated Press News
A $200 million endowment focused on Black Americans is taking shape
The Black Freedom Fund plans to expand to a $200 million endowment. It's a move that is rare in philanthropy and politically bold, given the Trump administration's efforts to eliminate race-based grantmaking.
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