Series - Editorial Fellowship: Transforming Funding Models

McConnell commits $30M in capital transfer to Indigenous-led foundations. What's a capital transfer? And will others follow?

Author Gabe Oatley
“They're leading the way. Like a pebble in a pond, it will have a ripple effect and that’s what we need,” said Bruce W.J. Miller of the Indigenous Peoples Resilience Fund.

Why It Matters

Black and Indigenous-led foundations have called on private foundations to transfer assets to them — to put them in charge of distributing resources to their own communities. But have funders been heeding these calls?

var TRINITY_TTS_WP_CONFIG = {"cleanText":"McConnell commits $30M in capital transfer to Indigenous-led foundations. What\u2019s a capital transfer? And will others follow?. Early in the morning, one day in mid June, Bruce W.J. Miller took a video call from his home in Winnipeg, on Treaty 1 territory, that he could have scarcely imagined two decades prior.\u00a0 From the Northwest Territories, two leaders of the McConnell Foundation, one of Canada\u2019s oldest and largest private foundations, told Miller that their board, at a recent meeting, had committed to a \u201ccapital transfer\u201d of $30 million to Indigenous-led foundations \u2014 and that his organization, the Indigenous Peoples Resilience Fund would receive a third of that sum. \u201cWhen I started in this sector\u2026it was just such

Join a community of 2000+ impact-oriented professionals like you. Get full access to this story and all Future of Good content, including tickets to our digital events and networking, with a membership.