Over the past decade or so, Black philanthropy has taken an increasingly more significant role in the global fabric for civic action. According to a 2012 report from the W.K. Kellogg Foundation, Black people are more inclined to give back: Each year, African American households give away, on average, 25 percent more of their incomes than their white counterparts, whether it’s through charitable organizations, individual donations, businesses or social enterprises.
So how are philanthropic organizations using that rising force in addressing systemic issues and how are they creating opportunities within the communities they serve?
These questions were the starting point for Miami Foundation’s annual State of Black Philanthropy, held this past Wednesday at the Overtown Arts Performing Center. The event, which brought together philanthropic leaders, set out to consider local organizations’ challenges and how their work can have a more effective, sustained impact…. Read the entire story