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Increasing racial diversity among nonprofit leadership starts with achieving financial literacy


Increasing racial diversity among nonprofit leadership starts with achieving financial literacy
While leaders of nonprofits are certainly dedicated to a worthy cause, gaps in financial literacy are leading to growing racial disparities among leadership in the groups.
and last updated 2020-12-11 19:36:56-05
MILWAUKEE — While leaders of nonprofits are certainly dedicated to a worthy cause, gaps in financial literacy are leading to growing racial disparities among leadership in the groups.
The Midwest Financial Firm, IFF is focused on educating leaders of color in nonprofits about the financial barriers they could face. They call it the Stronger Nonprofit Initiative.
“The main purpose is to empower those nonprofit organizations led by people of color to better equip them to overcome some of the barriers they run up against throughout the years,” Darian Luckett, Director of Lending for Wisconsin and Iowa at IFF said. “To access the type of resou ....

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When it comes to funding nonprofits, the specter of racial bias hurts us all


By Chaplain Clementina Chéry, Special to the Reporter
December 10, 2020
Chaplain Clementina Chéry, Special to the Reporter
While the non-profit sector is known for drawing the support of dedicated people who selflessly want to make the world a better place, numerous studies show that racial bias often creeps into the funding process, resulting in organizations led by people of color receiving far less money than those led by whites.
The nation’s ongoing conversation about race and social justice sparked by the Black Lives Matter movement provides an opportunity for those of us in the non-profit sector to check our own baggage. For too long, organizations supporting Black lives have been unable to generate as much funding as white-led organizations. ....

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