Black Opportunity Fund calls for ‘an immediate stay’ of announcement of Black-led endowment fund RFP winner, citing concerns with process transparency
Why It Matters
The federal government says they will soon announce the winner of a procurement process to select the steward of a $200 million endowment fund for Black communities. One proponent, the Black Opportunity Fund, says the process used to select the winning proponent, however, lacked due diligence and transparency, undermining the credibility of whichever organization is selected.
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Craig Wellington, executive director of the Black Opportunity Fund, a charity that applied to manage the government’s $200 million Black-led endowment fund program. (Courtesy: Craig Wellington)
With the federal government set to soon announce the winner of a request for proposals competition to serve as the lead of a $200 million Black-led philanthropic endowment fund, one proponent, the Black Opportunity Fund, is crying foul.
In a letter sent
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