GEORGIA FUNDERS NETWORK FOR RACIAL EQUITY
RECOMMENDATION:
Design and launch collaborative fund
The Racial Justice Investing Coalition (RJI) comprises a mix of asset managers and family foundations that exist to promote best practices in racial equity investment. Justice Funders provide thought leadership, leadership development, coaching, and consulting for individual donors and philanthropic partners centered on racial justice. Philanthropic Initiative for Racial Equity (PRE) aims to increase the amount and effectiveness of resources aimed at combating institutional and structural racism by providing capacity building, education, and convening for grantmakers. Funders for Justice is a national network of funders increasing resources to grassroots organizations addressing the intersection of racial justice, gender justice, community safety, and policing. The Solidaire Network works to fundamentally change economic, political, and cultural power systems by growing and nurturing a network of donor organizers to accompany social and racial justice movements.
Racial Equity Pooled Funding leverages pooled capital to solve complex issues. Currently, there are more than 160 funds that explicitly seek to improve the livelihoods of individuals who are Black, Indigenous, and people of color (BIPOC) and their communities. Blended Capital provides diverse forms of capital to social enterprises that are owned and led by BIPOC entrepreneurs.
Memo outlining best practices in race and equity in philanthropy
Fellowship & Venture Philanthropy: Echoing Green Racial Equity Fund- EG created a three-year Philanthropic Fund (2021-2024) to ensure that today's heightened awareness of racial inequity translates into sustained action in the social innovation field. Multiple Pooled Funds: Borealis Philanthropy Funds- Borealis Funds are made up of nine funds that work collaboratively to enhance collective impact within movements across the country. Place-Based Approach: East Contra Costa STRONG Collaborative Fund aims to increase racial equity and economic justice in East Contra Costa County by strengthening the capacity of nonprofits, supporting leadership development, and building community voice and power.
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