The Echoing Green (band)

BACKBLACK CAMPAIGN LAUNCHES TO CONNECT BLACK-LED NONPROFITS WITH PHILANTHROPIC CAPITAL

Retrieved on: 
Thursday, August 3, 2023
National Center for Charitable Statistics, Heritage, Vitis, PayPal, The Bridgespan Group, The Echoing Green (band), Movement, Organization, Community, Partner, GlobalGiving, Bill, Kenosha/Racine Lead-Free Communities Partnership, Ecosystem, National Committee for Responsive Philanthropy, Black

NEW YORK, Aug. 3, 2023  /PRNewswire/ -- A coalition of major giving platforms and donors today launched the BackBlack campaign to address funding disparities affecting Black-led nonprofits. Starting this August, during Black Philanthropy Month, Black-led nonprofits can access a central hub – BackBlackMovement.org – to connect with resources and funding opportunities across platforms. 

Key Points: 
  • Starting this August, during Black Philanthropy Month, Black-led nonprofits can access a central hub – BackBlackMovement.org – to connect with resources and funding opportunities across platforms.
  • Moreover, revenues of Black-led nonprofits are 24% smaller than revenues of their White-led counterparts, and unrestricted net assets of Black-led nonprofits are 76% smaller than White-led nonprofits ( Bridgespan Group and Echoing Green ).
  • White-led nonprofits are also more likely to receive corporate donations — 71% vs 58% for BIPOC-led nonprofits ( Nonprofit Finance Fund ).
  • The BackBlack campaign aims to direct more philanthropic capital to Black-led organizations, build greater awareness of racial disparities in funding, and generate new data and insights to close the funding gap.

Goldman Sachs One Million Black Women Announces Partnership With Echoing Green to Invest in Black Women Social Entrepreneurs and Accelerate Change

Retrieved on: 
Monday, October 18, 2021
Professional Services, Philanthropy, Consumer, Women, Other Philanthropy, Finance, Foundation, Leadership, Goldman Sachs, Organization, Goldman Sachs Foundation, Gaps, Solution, Fellows, Retirement, For America, Digital Connectivity, Woman, Teach For America, Housing, Education, Social justice, Fellow, Investment, The Echoing Green (band), Health, Partnership, Goldman, Pharmaceutical industry, Drug, Cryptocurrency, Renewable energy, One Million Black Women, Echoing Green, ONE MILLION BLACK WOMEN, ECHOING GREEN

Goldman Sachs One Million Black Women today announced a new partnership with Echoing Green to accelerate the impact of Black women social entrepreneurs through its world-renowned Fellowship program.

Key Points: 
  • Goldman Sachs One Million Black Women today announced a new partnership with Echoing Green to accelerate the impact of Black women social entrepreneurs through its world-renowned Fellowship program.
  • Through the new partnership, One Million Black Women and Echoing Green will drive transformation by increasing access to capital for early-stage Black women social entrepreneurs whose work is designed with and for their communities.
  • "We are so proud to develop a partnership with Echoing Green to support Black women as social innovators," said Asahi Pompey, Global Head of Office of Corporate Engagement and President of the Goldman Sachs Foundation.
  • Cheryl L. Dorsey, president of Echoing Green, said, "I am thrilled that Goldman Sachs One Million Black Women is partnering with Echoing Green to invest in the voices, visions, and lives of Black women and their communities.