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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women

How women can invest in themselves and other women

Investing is for anyone who wants to have control over their financial future — including you, your best friend and your mom.

But with the rise of socially responsible investing, there’s a new motivating factor for women: Your investments can also help support others. These initiatives, which focus on creating an impact with your investment dollars, have opened the door for you to not only put your best financial foot forward, but also to help others do the same in the process.

Here are four ways to invest not just for yourself, but in the success and advancement of other women.

1. Start by investing in yourself

When it comes to investing, the most important message for women is to start.

Many women doubt their own investing ability. In a 2017 survey from Fidelity Investments, only 9% of women thought they would outperform men investing. In reality, female investors often

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