Black nonprofits didn't see lasting philanthropic commitments made after George Floyd's murder
AP News • • business
Key Points:
- Research by Candid and ABFE reveals that funding boosts for Black-led nonprofits following George Floyd's murder in 2020 were mostly temporary, with smaller organizations seeing no significant change.
- Many small Black-led nonprofits rely heavily on new, one-time funders rather than sustained relationships, making long-term financial stability difficult.
- Foundations often lack prior connections with Black organizations, leading to transactional donations rather than deep, ongoing partnerships that support sustained impact.
- Small nonprofits face additional barriers such as restrictive grant requirements and limited capacity to meet reporting demands, hindering their ability to secure continued funding.
- Despite sector-wide moves toward trust-based funding models, Black-led nonprofits receive less general operating support compared to others, perpetuating inequities in philanthropic investment.
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