What does investing to close the racial wealth divide really require from us? Jessica Norwood and Konda Mason of the Runway Project interview Deborah Frieze and Mark Watson of the Boston Impact Initiative on the mainstage at SOCAP 18 to explore the opportunities and challenges of Investing for Justice.
In Impact Investing Can Fight Racism and Wealth Gaps–if Conducted in New Ways, Rodney Foxworth writes, “If we’re truly motivated to deconstruct the enormous wealth inequalities that have ravaged and extracted wealth from rural, indigenous, and majority communities of color, we must rid ourselves of the power dynamics, biases, and culture that got us here in the first place.” (Chronicle of Philanthropy, 2018)
In Solidarity Philanthropy: Reparations, Democracy and Power, Aaron Tanaka explores the question, “What does it take to transition American capitalism from a system for the 1% to an economy for all?” This article discusses philanthropy’s role in building true alternatives to our dominant economic regime. (Medium, 2018)
In Why I Want Community Organizers to Tell Me Where to Invest, Deborah Frieze writes that if we wish to transform our economic system from one that extracts values from communities of color to one that operates in solidarity, it’s not good enough to redirect the flow of capital. We also have to redirect the flow of power. (Next City, 2018)
In Wealth Inequality and The Fallacies of Impact Investing, Rodney Foxworth writes that if we’re truly motivated to deconstruct the wealth inequalities that have ravaged and extracted wealth from rural, indigenous, and majority people of color communities, then we must rid ourselves of the power dynamics, biases, and culture that got us here in the first place. (Medium, 2018)
The Road to Zero Wealth, by Prosperity Now and the Institute for Policy Studies, examines Federal Reserve data over a 30-year period (1983-2013) to understand the growing racial wealth divide facing Black and Latino households at the median, and explores the ways that accelerating declines in wealth for these communities are impacting the American middle class.
Color of Entrepreneurship: Why the Racial Gap between Firms Costs the U.S. Billions Report by Center for Global Policy Solutions details findings of a study of business owners of color from 2007 and 2012 and presents recommendations for increasing successful entrepreneurship by people of color.
Maggie Anderson, author of Our Black Year and creator of Our Empowerment Experiment, talks at TEDxGrandRapids about beginning to address economic inequalities that deprive black neighborhoods by proactively supporting black businesses.
The Asset Value of Whiteness from the Institute on Assets and Social Policy at Brandeis University on racial wealth gap and its causes, and making the case for addressing structural and institutional racism.
Boston Impact Initiative Fund
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Jamaica Plain, MA 02130