Chan Zuckerberg Initiative pledges $500 million for racial equity

Chan Zuckerberg Initiative pledges $500 million for racial equity

The Chan Zuckerberg Initiative has announced a five-year, $500 million commitment in support of efforts to advance racial equity.

"Racial equity cannot be a siloed goal. It needs to live in all of our work — across science, education, criminal justice reform, housing, immigration, and community," CZI co-founders Mark Zuckerberg and Priscilla Chan wrote in their 2020 annual letter. "To that end, we are excited to announce an initial $500 million over the next five years to support organizations and leaders which are leading the fight for racial equity in CZI focus areas." 

Zuckerberg and Chan announced the commitment as part of one of three "lessons" learned since they launched CZI five years ago — that "[a] future for everyone begins with racial equity." The other two are "[b]uild the right infrastructure" and "[t]he world only changes when we change it together." The annual letter notes that while CZI has made key investments in support of efforts to advance equity over the last five years, it recently "set in motion an enterprise-wide effort to center racial equity in our work," including internal and external efforts to ensure its grantmaking reflects a racial equity focus and "that Black, Indigenous, Latinx, and other people of color have a stake in CZI's initiatives and a voice in guiding them."

(Photo credit: James Eades via Unsplash)

"2020 annual letter: What we're learning." Chan Zuckerberg Initiative letter 12/08/2020.