Black Families Give More Than Some Think

credit:

Singletary, author of 'The Color of Money', claims that black individuals contribute more than other ethnicities.

According to a study by the Kellogg Foundation, black households donate 25% more of their income than white ones. While the typical White guy makes $2.7 million in his lifetime, the average Black man only earns $1.8 million, according to a research by Urban Institute. A lot of our ancestors were slaves at one point or another, and some of the riches myths originate from that time period. According to the Urban Institute, white charity accounted for just 2% of median wealth in 2010, whereas black philanthropy accounted for 60%.

In succeeding years, the percentage of Black donors ranged from 11 percent in 2013 to 8 percent in 2016. Many prominent African-American benefactors, such as Vista Equity Partners CEO Robert Smith, have made significant contributions. He formed the Southern Communities Initiative with PayPal CEO Dan Schulman and BCG CEO Rich Lesser in 2021.

Read the Entire Article

Explore the
Community Vital Signs
for the
Greater New Orleans Foundation

Ysu Program Connects Students With Local Nonprofits

WFMJ | 101 W.WBCB is a news and sports station in Youngstown, Ohio.WFMJ is part of the NBC Sports network.For more information on this site, please read our Privacy Policy, Terms of Service, and ...more

Meet Connor Shoen, A Young Boston Advocate Against Homelessness ... and Real Estate Shark

Meet Connor Schoen, a young Boston advocate against homelessness.Schoen is the co-founder of Breaktime, a nonprofit aimed at combating homelessness amongst young people.He is also a real estate shark...more

Discovery Education Names Catherine Dunlop As Senior Vice President of Corporate Partnerships

With the goal of increasing career awareness and preparation for post-secondary success, the Discovery Education Corporate Partnerships business bridges industries and classrooms.Through...more

India's Next Big Leap Needs Bold Hearts: Why Intentional Philanthropy Is the Missing Piece

India has made progress in government spending on social issues, formalising and institutionalising giving, especially through corporate social responsibility (CSR) But the scale of philanthropic...more

Regenize Secures Investment to Scale Recycling Hubs in South Africa

South African recycling startup Regenize has secured an undisclosed investment from E Squared Investments.The deal combines philanthropic goals with venture capital methods to support scalable,...more

Philanthropy Over Trump €“ Adapting to Shifting Funding Realities in Africa and Globally

The global funding landscape has seen significant shifts in the recent years, bringing about heightened pressure on resources and increased demand for funding.Impacts by global geopolitical events...more

Whistling Woods: Subhash Ghai's Visionary Film School Empowering India's Creative Future

Whistling Woods International (WWI) offers a wide range of courses including acting, fashion, music production, media and communication, visual arts, graphic design, animation, game development and...more

From Rural Ukraine to Global Recognition: The Self-Taught Journey of Postproduction Artist ...

Galina Trush was born in 1990 in central Ukraine.The outbreak of war in Eastern Ukraine, combined with professional and financial limitations, forced Trush to make another life-changing decision:...more

College Students Design Workshops For Special Needs School Kids

College students design workshops for special needs school kids ':"";if(i){var r=n.promos.showYahooLogo?"":"yns-no-logo";i=i.replace("{notifOnboardBtnLabel}",n.Promos.not...more

Australian Arts and Humanities Education Is Being Slashed Everywhere €“ What's At Stake?

Arts and humanities education in Australia is undergoing significant structural change.Australian universities are reassessing their course offerings, with arts and humanities programs frequently...more