Last year, the foundation s expenses were approximately $8.4million - that includes staffing, operating and administrative costs, along with activities such as civic engagement, rapid response and crisis intervention.
One of its focuses for 2021 will be economic justice, particularly as it relates to the ongoing socioeconomic impact of COVID-19 on black communities.
The racial justice movement had a broad impact on philanthropic giving last year. According to an upcoming report by Candid and the Center for Disaster Philanthropy,
35% of the $20.2 billion in U.S. funding dollars from corporations, foundations, public charities and high-net-worth individuals to address COVID-19 was explicitly designated for communities of color.
Black Lives Matter organizations have been promoted and financially backed by sections of the ruling class as part of the effort to promote racial division and undermine class unity.
Cat Won, Journal B Photography
Good Morning.
All nonprofits are looking for that big, transformative gift that can help expand their reach and put them on stable financial footing for years to come.
But what happens when it turns out that the sources of such gifts have some unsavory allegation lodged against them?
Ben Gose explores that thorny tangle with a look at how some of America’s biggest donors create an ethical minefield for charities they support. His story is part of the
Chronicle’s annual Philanthropy 50 special report on America’s biggest donors.
Case in point: Artists are pressuring the Museum of Modern Art to cut ties with private-equity titan Leon Black, a board member and major donor. Dartmouth, another major beneficiary of Black’s charity, is coming under fire as well, the
The Black Lives Matter Global Network Foundation (BLMGNF) has awarded $3 million in mini-grants to Black families struggling amid the pandemic, the organization said Thursday.
Cullors, the foundation’s executive director, said that so far the Survival Fund’s first recipients have included the families of people killed by police or who died while incarcerated, grassroots community organizers, people who identify as transgender, single parents and formerly incarcerated individuals.
Before Thursday, at least 300 people had been approved for grants. The fund is being administered through UpTogether, a project of the Family Independence Initiative, which works to disrupt the cycle of poverty through direct investment to low-income families and budding entrepreneurs.
One Survival Fund recipient, Kusema Thomas, said he has been earning $1,500 less in monthly income since the start of the pandemic. The 45-year-old Los Angeles resident and father of 11-year-old and 4-year-old sons had been working as a community organizer and mental health specialist at a shelter for youth victims of domestic violence. His hours were cut back due to the pandemic.