10 IMPERATIVES

Increase investments in Black-led organizations that connect individuals and families to a wide array of resources and build power in our communities to lead substantive change.

Given deep-seated inequities, COVID-19 relief and police reform efforts must take a “long view” and consider policy and system reform needed to improve conditions in Black communities beyond federal and philanthropic emergency and response efforts.

Philanthropic funds, particularly those under the leadership of Black foundation executives are part of the solution. However, the targeted investment of all philanthropies as well as public dollars are needed to transform conditions in Black communities in both relief and long-term efforts.

The health-driven economic recession has negatively impacted foundation endowments. Therefore, there is increased need to prioritize spending on the most impacted communities. In addition, now is the time to utilize the full set of resources of philanthropy by increasing asset payout and employing various investment strategies to provide much needed capital to Black communities.

Black leaders and communities must be engaged in the development of short and long-term philanthropic and public policy solutions to ensure that well-intentioned “helping” and reform efforts do not exacerbate existing disparities.

Foundation trustees are accountable for the strategic direction, fiscal health and policies implemented by the institutions for which they govern. During this time of crisis, foundation boards should take stock of the level of grant-making to Black communities, increase targeted giving and engage in racial equity assessments of their investments moving forward. It is necessary for national Boards to do so but critically important for foundation boards in the regions hardest hit by the coronavirus with sizable Black populations (e.g., New York, Louisiana, Michigan, Illinois, Georgia, etc.).

Foundations and the public sector should actively engage Black businesses in investment management, banking, and other professional services to address the pandemic’s negative impact on Black earnings and wealth.

The health and economic well-being of Black people are under threat due to COVID-19; however, its’ impacts also differ by gender, gender identity and sexual orientation. Black women are suffering worse relative to job loss. Emerging data illustrates that Black men are at higher risk of death and racial profiling relative to COVID-19. Black LGBTQ communities are particularly vulnerable due to higher rates of suppressed immune systems and widespread housing and employment discrimination. Response efforts must take into account these differences, to ensure that all people of African descent are connected to economic opportunities, healthy and are safe from personal and state-sanctioned violence.

The racially charged impact of COVID-19 extends beyond U.S. borders. Black communities in the U.S. territories have been left out of many relief efforts and African immigrants are being targeted in both the U.S (as part of America’s Black population) and other parts of the world. During crises, we must remain vigilant of how anti-Black racism impacts people of African descent around the world and look for opportunities to unite our philanthropic efforts to save and support Black lives.

U.S. prisons are disproportionately filled with Black and Brown people and are breeding grounds for the spread of coronavirus, other infectious diseases, and, generally, hopelessness. COVID-19 relief efforts have reminded us that institutional custody should be reserved as a last resort when there is a risk of community safety or flight. That use of institutional custody must become a standard of operating in all instances. Current efforts must support the safety of those currently imprisoned, early release of incarcerated individuals and advance sustained investments in alternatives that reduce reliance on incarceration over the long-term to support Black communities.