Explore the crucial role of nonprofits in bridging the racial wealth divide, addressing economic justice within the Civil Rights Movement goals. Learn about the lack of investment in organizations of color and the importance of building high-impact nonprofits to empower communities of color.
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Economic Justice A Forgotten Aspect Of The Civil Rights Movement Goals of The Freedom Budget Goals of The Freedom Budget 1. Abolition of poverty 2. Full employment 3. Full production / high economic growth 4. Adequate minimum wage 5. Farm income parity 6. Guaranteed income for those who can t work 7. Decent homes for all 8. Modern health services for all 9. Full educational opportunity for all 10. Better social security and welfare 11. Equitable tax and money policies 2
Lack of investment in Organizations of Color Lack of investment in Organizations of Color Studies demonstrate that there is a significant gap between the people who rely on nonprofits for critical financial and social services and the charitable organizations that serve them. According to the Annie E. Casey Foundation, at least 60 percent of nonprofits serve people of color. According to a study by Commongood Careers and Level Playing Field Institute, Nonprofit employees are approximately 82 percent white, 10 percent African-American, five percent Hispanic/Latino, three percent other and one percent Asian or Pacific Islander. According to the 2006 report by the Nonprofit Leadership Alliance (formerly American Humanics), up to 84 percent of nonprofits are led by Whites, and 95 percent of foundations and other philanthropic organizations are led by Whites. 5
Building High-Impact Nonprofits Building High-Impact Nonprofits to Bridge the Racial Wealth Divide project goals: Assist in developing high-impact nonprofit organizations of color focused on advancing economic opportunity nationally; Build an understanding of the intersection of income, assets and the racial wealth divide; Establish networks across sectors to have lasting local influence and advance social change; Improve relationships between organizations of color, local organizations and asset-building institutions; and, Equip organizations of color to become leading voices in local and national asset-building dialogues and decisions.
Working with Local Organizations of Color We have learned that non-profits of color, in particular, are well positioned to serve communities of color. They are knowledgeable of the history and presence of financial and economic trauma in their affected communities and are able to develop programs, advocate for policies and share practices that are informed by the community. New New Orleans, Orleans, LA LA Miami, FL Miami, FL Ashe Cultural Arts Center Puentes LatiNola MQVC Community Development Corporation VAYLA New Orleans Jericho Road Episcopal Housing Initiative ConnectFamilias Hispanic Unity of Florida Miami Children s Initiative Partners for Self-Employment Sant La Haitian Neighborhood Center.
New Orleans New Orleans Data Profile Many turn to self Many turn to self- -employment to work toward financial security. Unfortunately for the most insecure employment to work toward financial security. Unfortunately for the most insecure communities we see the least return in small business ownership. Most small businesses have no paid communities we see the least return in small business ownership. Most small businesses have no paid employees, and there is a great racial economic divide in regards to the average business value between employees, and there is a great racial economic divide in regards to the average business value between businesses of color and white owned businesses. businesses of color and white owned businesses.
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