Six prominent foundations have teamed up to establish a $5.7 million fund supporting Detroit nonprofits led by people of color.
Like many of its peers, the Detroit Residents First Fund aims to use its assets to “transform neighborhoods in Detroit with the least access to power and social capital,” according to a press release issued Wednesday. But the fund will operate differently than most others in Michigan.
One difference: The fund will exclusively support organizations that are led by Black, indigenous and other people of color. Leaders have pointed to research showing that organizations led by people of color typically receive less monetary support than those run by white people.
Read the full article at: https://www.detroitnews.com/story/news/local/detroit-city/2021/08/18/fund-aid-detroit-nonprofits-led-people-color/8179667002/