A Philanthropic Covenant with Black America
Chapter One
Empowering the
African American
Community through
Strategic Grantmaking
Angela Glover Blackwell
Founder and CEO, PolicyLink, Oakland, CA
Facts
More than 72,000 foundations in the United States were
responsible for $42.9 billion in giving in 2007, according to
the Foundation Center, a research organization focused on
philanthropy. Adjusted for inflation, grant dollars have more
than doubled since 1997.
A Foundation Center analysis of grants of $10,000 or more
awarded by a national sample of large foundations found
that 7 percent of dollars were designated explicitly for racial
and ethnic minorities, including 1.5 percent for African
Americans and 1.2 percent for Latinos.
Twelve percent of grants by large independent foundations,
but only 7.7 percent of grant dollars, went to minority-led
... read full excerpt from: A Philanthropic Covenant with Black America ebook
