Re-defining 'racial equity' may increase donations for it
ABC News
Candid, a leading philanthropy research organization, told The Associated Press that it broadened its definition of racial equity to better reflect the intent of contributors and to help foster additional donations
Though last year's racial justice protests unleashed an avalanche of donations for minority causes, the philanthropic community remains divided about which donations should be counted as advancing racial equity.
Candid, a leading philanthropy research organization, told The Associated Press that it broadened its definition of racial equity to better reflect the intent of contributors and to help foster additional donations.
It now defines racial equity donations as “grantmaking explicitly awarded to benefit people of color broadly or to organizations that serve these populations.” Previously, it had limited its definition to “grantmaking focused on systemic change to advance racial equity.”
The change, introduced on its website Wednesday, raised the number of racial equity donations the organization has categorized in the past decade from roughly 60,000 to 600,000, according to Anna Koob, Candid’s director of research. Under the new definition, Candid says it's cataloged nearly 29,000 grants valued at $14.1 billion donated since George Floyd’s death. These include grants from foundations, corporations and wealthy philanthropists though not from everyday Americans, whose giving is difficult to fully track.
