Racial Justice Giving Is Booming: 4 Trends
There’s been an outpouring of giving in honor of George Floyd and other victims of racial injustice.
October 05, 2020 at 4:27 pm
The tragic, high-profile killings of George Floyd and other Black Americans in 2020 have sparked a reckoning on race. As researchers of philanthropy, we’re keeping an eye on how this national awakening is affecting charitable giving across the nation.
We are seeing an outpouring of donations from individuals, corporations and foundations that began to grow as soon as protests and other activities in support of racial and social justice started to spread across the country.
Much of this funding will likely support Black-led groups engaged in criminal justice reform and fighting for education equality. Wealthy donors in the first half of the year gave nearly US$6 billion in donations of $1 million or more, but people of at various income and wealth levels are also increasingly supporting racial equity causes and organizations.