California Foundations Drop $100 Million in ‘Black Freedom Fund’

According to participating organizations, the fund intends to correct philanthropy’s history of underinvestment in Black-led organizations and “power-building” in African American communities. For example, across the United States, only about 1% of community foundation support was specifically designated for Black communities in recent years, according to the National Committee for Responsive Philanthropy.

Read the entire article in the Los Angeles Sentinel.