Racial Equity in Philanthropy Fund Awards $14 Million in First Grants

Racial Equity in Philanthropy Fund Awards $14 Million in First Grants

Borealis Philanthropy, a Minneapolis-based philanthropic intermediary, has announced inaugural grants totaling $14 million through the Racial Equity in Philanthropy Fund.

A collaborative effort of the W.K. Kellogg and Ford foundations, the fund is premised on the belief that advancing racial equity and reflecting the diversity of U.S. society as a value is necessary to philanthropic sector effectiveness. To that end, the fund awarded grants to nineteen philanthropy-serving organizations committed to advancing racial equity within the sector and beyond through research, learning opportunities, and the dissemination of best practices. Recipients include the Association of Black Foundation Executives, Emerging Practitioners in Philanthropy, Foundation Center, Hispanics in Philanthropy, Native Americans in Philanthropy, and the Philanthropy Initiative for Racial Equity.

"Right now, the philanthropic sector is demonstrating a historic level of interest in racial equity, but to distribute funds more equitably in practice, institutions must change policies and priorities internally," said Marcus Walton, director of Racial Equity Initiatives at Borealis Philanthropy.

"Philanthropic organizations are recognizing the close connection between changing our sector and the changes we seek in society," said La June Montgomery Tabron, president and CEO of the Kellogg Foundation. "Achieving these changes requires determination and a long-term commitment to infuse racial equity and inclusion into all of our internal and external policies and practices. Through our collective work, we will stand together to widen the path for equity in communities."

For a complete list of grant recipients, see the Borealis Philanthropy website.

(Photo credit: gettyimages, gmast3r)

"Borealis Philanthropy Launches Fund to Advance Racial Equity in Philanthropy." Borealis Philanthropy Press Release 08/02/2018.