Federal government taps Foundation for Black Communities to manage $200M Black-led philanthropic endowment fund
“This is legacy. This is the kind of thing that will have an impact for generations to come,” said Minister for Women and Gender Equality and Youth, Marci Ien at the federal announcement during Black History Month.
Why It Matters
The Foundation for Black Communities will be responsible for managing a $200 million philanthropic endowment in support of Black communities in Canada over the next decade and beyond. How they choose to invest, steward, and distribute the fund will have significant impacts for Black-led philanthropy and Black communities in Canada.
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