Funding Gains for Black-Led Nonprofits Fade

0:00After George Floyd's murder in 2020, there was a big push for more funding to black-led non-profits, with companies and donors stepping up for. Historically, black colleges, climate groups, and wealth gap efforts, but a new report from Candid and ABFE dropped Tuesday showing those gains were mostly temporary. Large black-led groups saw short funding bumps from 2020 to 2022, while smaller ones got basically nothing. The quick cash faded fast, leaving these orgs hit harder by policy shifts under President Trump that slashed diversity, equity, and inclusion. Programs, cut social services, and made grants unpredictable. Meanwhile, these non-profits are now handling rising food and health care costs for low-income families with even less support. Leaders on the ground are feeling the squeeze. One Chicago CEO saw over two dozen new funders in summer 2020, only for that money to vanish, turning a boost into a burden. Fundraisers know it was all transactional quick checks without real relationships, leading

1:02to hires and layoffs when dollars dried up. The report digs deeper, small black-led non-profits, those with under $1 million in annual expenses get most cash from first-time givers, not. Steady partners, they miss out on general operating support too, unlike others, and face barriers like strict reporting that small teens can't handle. These groups keep grinding, pivoting to public funds, like a Chicago project snagging 2.5 million from the city for community business. Hub while calling for philanthropy to build lasting ties, instead of chasing trends, the works too vital to let slip away, you've been listening to Canada News today, AI-powered local news.