Sky's The Limit Lifts Up Black Philanthropists In Honor of Black Philanthropy Month this August
At Sky's the Limit, we could not agree more. Philanthropy is rooted in structural racism, investing deeply in White-led nonprofits while severely limiting significant investments in organizations led by Black, Indigenous and People of Color. These practices keep community-led solutions at bay -- even as COVID-19 has exacerbated racial disparities in health and economic prosperity.
- This disparity is referred to as "the giving gap" and is a product of the significant wealth and societal oppression of Black people throughout history.
- To illustrate, Black-led fledgling non-profits' average revenue is 24% lower, and unrestricted net assets 76% smaller, than that of White-led fledgling non-profits.
- Philanthropy is rooted in structural racism, investing deeply in White-led nonprofits while severely limiting significant investments in organizations led by Black, Indigenous and People of Color.
- Working in concert with other Black philanthropists, we can bring about meaningful change for under-resourced Black communities throughout the nation.