Black Community Leaders Fund
Posted by Philadelphia Foundation on May 18, 2021
Philadelphia Foundation has announced the creation of the Black Community Leaders Fund (BCL) to fortify Black-led nonprofit organizations serving Black communities in Greater Philadelphia.
The Fund includes an initial $1 million contribution from Facebook, which selected Philadelphia Foundation as its regional partner in the company’s $20 million “Supporting Black Communities” initiative. The Black Community Leaders Fund will provide selected nonprofits with operational and capacity-building support to enable strong leadership, resilient operations and finances, and greater infrastructure to weather unexpected adversity.
“Through this focused effort, we want to raise awareness of the critical roles that highly effective Black organizations play in Black Communities and how important it is to invest in their resilience and leadership,” said Pedro A. Ramos, President and CEO, Philadelphia Foundation. “The Philadelphia Foundation has long supported many of these important community organizations, and with this timely grant from Facebook and several additional inaugural supporters, we have the opportunity to move the needle further and faster.”
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