Forbes: How High Net Worth Donors Of Color Are Changing Lives
Forbes – August 8, 2022
By Marybeth Gasman
The Donors of Color Network (DOCN), a cross-racial community of donors of color, recently launched a report that highlights the giving practices of high net worth donors of color. Because 92% of Black and Brown families have less wealth than White families, these donors are largely invisible in philanthropic circles. However, their impact is vast and crucial to communities of color and beyond.
According to the new report — Philanthropy Always Sounds Like Someone Else: A Portrait of High Net Worth Donors of Color — these donors have been a “transformational change in social philanthropy.” How? Their life experiences, vision and approach to leadership are needed in this moment — a moment described by the report’s authors — Hali Lee, Urvashi Vaid, and Ashindi Maxton — as “an historical moment in which the salience of race and racism to every institution and system in U.S. society is glaringly evident, and in which new ideas and solutions are urgently needed.”
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