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In the wake of the Michael Brown shooting, Black Lives Matter activists called for the creation of a $100 million fund to help communities of color deal with the legacy of slavery and Jim Crow, the New York Times reports.
But some big donors aren't interested in putting their money where their mouth is.
In a series of articles, Nonprofit Quarterly has looked at what it calls a "community-driven philanthropy" that would see some of the world's biggest philanthropists donate their money to communities of color instead of stashing it in endowments.
Instead, the money would be invested in communities of color, with the specific goal of helping them deal with the negative effects of slavery and Jim Crow, including housing discrimination and violence.
"If you want to make reparations, you have to be in the right place at the right time," says the co-founder of Liberation Ventures, one of the biggest donors to the reparations fund.
"If you're not in the right place at the right time, you're not going to get there."
But Liberation Ventures isn't the only one interested in putting its money where its mouth is.
Others, including the Bill and Melinda Gates Foundation and Google, are also interested in putting their money where their mouths are.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
The Canadian city of Medicine Hat is kicking off the country's first-ever Energy Innovation Challenge to help small energy startups get their ideas off the ground and into the market, the CBC...more
Loneliness has been linked to a host of health issues, including heart disease, cancer, and respiratory depression. Now a Canadian company is hoping to change that with an app it's calling "OOt...more
Santa Barbara's 99.9 KTYD radio station is known for its rock 'n' roll, so it was only a matter of time before the station received an award for its community service. The nonprofit Santa Barbara...more
"It's very nice to be recognized. It's an honor to be a part of something that's global." So says P.B. Scott, president and CEO of the Musson Group, after being named the Master...more
As the world shifts away from fossil fuels, workers in coal-mining states in India are bracing for job losses, Bloomberg reports. According to a report from the Center for Policy Research,...more
"When I came to Harare from Zaka, I had nobody and knew nobody, but I had to define my career path and carve my own niche, hence the confidence that all these important people here now have in...more
The Greater Hermiston Community Foundation is accepting applications for its 2024 grant cycle. Local organizations serving Hermiston, Umatilla, Stanfield, Echo, and Irrigon are eligible to...more
Foundation: Kellogg Foundation
For more than 30 years,Henrie Treadwell has been fighting for racial equity at the University of South Carolina, where she became the school's first black graduate since Reconstruction, the...more
If you're an artist trying to break into the music business, there's a good chance you've never heard of entertainment law. But if you're a law student at Mercer University in Georgia, you may...more
Amy Reese, a veteran and CEO of ARC Business Solutions, says she's "thrilled to see the impact" her organization's "Business Boots on the Ground" program will have on military veterans in...more
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Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.
