The Institution Commends Black Philanthropy Entrepreneurs As They Work To Narrow the Giving Gap
OAKLAND, Calif., Aug. 8, 2022 /PRNewswire-PRWeb/ -- SkysTheLimit.org ("Sky's the Limit"), the digital community transforming the playing field for entrepreneurial success, supports Black non-profit entrepreneurs who work on behalf of causes they are passionate about – and live to help others.
When it comes to revenues and unrestricted assets, there are huge disparities between White-led and Black-led charitable organizations. This disparity is referred to as "the giving gap" and is a product of the significant wealth and societal oppression of Black people throughout history. To illustrate, Black-led fledgling non-profits' average revenue is 24% lower, and unrestricted net assets 76% smaller, than that of White-led fledgling non-profits.
The theme for this year's Black Philanthropy Month is inspired by a quote from Martin Luther King Jr.: to develop new strategies that will advance funding equity and take actionable steps to make a difference in the "fierce urgency of now."
At Sky's the Limit, we could not agree more. Philanthropy is rooted in structural racism, investing deeply in White-led nonprofits while severely limiting significant investments in organizations led by Black, Indigenous and People of Color. These practices keep community-led solutions at bay -- even as COVID-19 has exacerbated racial disparities in health and economic prosperity.
Working in concert with other Black philanthropists, we can bring about meaningful change for under-resourced Black communities throughout the nation. The act of Black philanthropists financially supporting Black-led non-profits is the ultimate way to breathe life into the principle that solutions are often held by those closest to the impact of the problem. The recent social injustice and racial reckoning movements have opened the nation's collective mind to righting the wrongs of the past and finally making room for equality and inclusion. The time for Black philanthropists to step up in support of Black-owned non-profits is now.
As an organization centered around lifting up and supporting entrepreneurs, Sky's the Limit recognizes the many talents and gifts that Black non-profit entrepreneurs bring to the table and welcomes everyone to join their free platform to connect with a community of like-minded entrepreneurs and receive mentorship, coaching and links to business resources and funding. Shouting out two of our own entrepreneur non-profits – Joshua Funches, founder of the National Youth Bike Council, which promotes and advocates for bicycling, bike safety, and youth leadership, and Bikira Radcliffe, founder of United Colors of Cancer, which bridges the health divide for the Black and Brown cancer community. Well done!
Media Contact
Penny Guyon, Strut Agency, 1 323-874-0772, [email protected]
Tashion Macon, SkysTheLimit.org, (818) 749-8786, [email protected]
SOURCE Sky's The Limit
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