3 Black-Led Organizations, 1 Goal: Empowerment
In late 2019, The Collective secured funding from the T. Rowe Price Foundation to hire a Chief Development Officer (CDO) which is a shared fundraising resource across the three organizations and for The Collective in order to help build capacity and ensure sustainability. As part of this partnership, we plan to empower other community-based organizations to build capacity and replicate this shared CDO model with both technical support to cohorts and direct funding to a select group.
A recent joint article published in the Stanford Social Innovation Review by Echoing Green and Bridgespan shed light on the disparities in funding to Black-led organizations and the crippling impact it has on those organization’s ability to develop capacity, provide more services and become sustainable in the long-run.The needs faced by these organizations requires a new approach given that the traditional ways of doing things have not moved the needle where it matters most.
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