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Initial Focus Areas Announced for Amandla Fund for Economic & Racial Justice

FEBRUARY 24, 2022 — To mobilize long-term investments that will strengthen the Black community and achieve an equitable Richmond, our region's Black giving circles SisterFund and Ujima Legacy Fund partnered with the Community Foundation to create the Amandla Fund for Economic and Racial Justice.

“The Amandla Fund serves as a thought leader on how to diversify philanthropy and build collaborative opportunities,” said Robert Dortch Jr., Amandla Fund leader and chair of Philanthropy Southeast Board of Trustees. “We’re encouraging all these different partners — the giving circles, the Community Foundation, corporate donors, individual donors and investors – to come together around the question, ‘How do we help create wealth-building opportunities for the African American community that eliminate historic and systemic economic disparities?’” 

Through extensive research, consultation with national experts, and strategic planning, the Amandla Fund has identified two initial areas of focus that will boost Black economic mobility in Greater Richmond:

Priority #1: Increase Black Homeownership

Sustainable homeownership has been proven to be a highly effective route to building wealth and intergenerational economic mobility. The Fund will support efforts to increase homeownership opportunities for Black families.

Priority #2: Expand Black Leadership

Supporting Black-led and Black-serving organizations offers a proven path to increasing equity and opening opportunities for employment. The Fund will support initiatives to train, mentor, and increase African Americans in nonprofit leadership roles.

Learn more about the strategies and goals of the Fund in our latest report.

View the Amandla Fund Report

 


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