Black-led nonprofits in Philadelphia have fewer cash reserves and are more dependent on government funding than white-led non-profits.
The Philadelphia Black Giving Circle (PBGC) aims to fund Black-led, Black-serving organizations, cultivate and support giving in the Black community.
PBGC raised $30,000 from about 60 members last year and awarded $5,000 grants to six organizations.
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Monika Mitchell, founder of Good Business New York, asks, Do You Have What it Takes to Be a Social Entrepreneur? She lists down the five P’s essential in every entrepreneur: Passion. Purpose. Plan. Partner. Profit.