#CloseTheGivingGap: Foundation giving to Black-led nonprofits continues to lag

Thursday, August 24, 2023

Black-founded organizations are systemically underfunded, receiving only a tiny fraction of the $450 billion that is donated annually to U.S. nonprofits. 
Consider these facts: 

  • Revenues of Black-led nonprofits are 24% smaller than White-led counterparts. 
  • Average unrestricted net assets for Black-led early stage nonprofits are 76% lower than similar white-led nonprofits. 
  • White-led organizations are six times more likely to receive corporate donations compared with BIPOC-led nonprofits. 
  • 11 percent fewer Black-led nonprofits received foundation support versus White-led nonprofits.