women

8 Black women create fund to raise $1 billion by 2030 to invest in African American girls

Black women and girls are often left out or erased from the social justice movement. A large part of that is because funds for the organizations that center them and their experiences are scarce.

A recent study showed that philanthropic giving from foundations averaged about $5.48 for each woman or girl of color in the United States. This minuscule portion accounts for just 0.5% of the $66.9 billion given by foundations, according to Giving USA 2018.

For Black women and girls, the amount is even smaller because this data encompasses all women and girls of color, including Asian Americans, Latinas and Indigenous people.

The Black Girl Freedom Fund, created by a notable group of leaders and activists, hopes to change that, and specifically invest in Black girls and women.

The goal of the fund is to invest $1 billion in Black girls and women by 2030. More than $12.6

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