Insights

The debate on antitrust reform should incorporate racial equity

July 8, 2021

Last month, Lina Khan-a widely known critic of Big Tech companies-was sworn in as the newly minted chair of the Federal Trade Commission (FTC). She already faces a considerable challenge after a federal judge dismissed the agency’s antitrust lawsuit against Facebook, allowing it 30 days to file an amended complaint. In this defining moment of her early tenure, …

The debate on antitrust reform should incorporate racial equity Read More »

Here’s How to Propel 2 Million Black Americans to the Middle Class

June 18, 2021

If Juneteenth doesn’t make you think about the economy, maybe it should. Racial discrimination has an obvious human cost, but there’s an economic cost, too. In new research, we examined the disparities Black Americans face in various economic roles – as workers, business owners, savers, investors, consumers and residents. We found critical gaps that prevent Black …

Here’s How to Propel 2 Million Black Americans to the Middle Class Read More »

The Economic State of Black America: What Is and What Could Be

June 17, 2021

Closing racial gaps across the economy is not only about righting historic wrongs. It is also about choosing a more dynamic future and realizing the full potential of a massively underutilized source of talent, to the benefit of all Americans. The disparities on display during the COVID-19 pandemic were a jolt to America’s conscience. Job losses …

The Economic State of Black America: What Is and What Could Be Read More »

How Foundations Fail Diverse Fund Managers and How to Fix It

June 4, 2021

Printed Dec. 17, 2020. Foundations and impact investors need to face the ways they are complicit in perpetuating inequality through their capital allocations, and upend five structural investment barriers to better serve women and people of color. It’s time for foundations and other impact investors to face the truth. No more navel-gazing, no more conferring, …

How Foundations Fail Diverse Fund Managers and How to Fix It Read More »

Business and Systemic Racism: The Next Step in a Long Journey

May 6, 2021

Last week, Sen. Tim Scott made headlines in his rebuttal to the President’s State of the Union address when he declared that “America is not a racist country.” As Gerald Seib wrote in the Wall Street Journal this week, Sen. Scott’s remarks-and the swift rebuttal from others on both sides of the aisle, including my good …

Business and Systemic Racism: The Next Step in a Long Journey Read More »

Venture capital’s quest for diversity and equity remains a work in progress

April 23, 2021

Nearly a year ago, as the nation reckoned with the horrifying video of George Floyd’s murder in Minneapolis, Alejandro Guerrero, a general partner at early-stage venture capital firm Act One Ventures, sat alone at his home in Los Angeles, coming to terms with what he had just seen and bracing for the fallout. “All the …

Venture capital’s quest for diversity and equity remains a work in progress Read More »

How private equity can catalyze diversity, equity, and inclusion in the workplace

March 1, 2021

Business leaders hear a lot about disruption. But 2020 redefined the term. By March, the novel coronavirus had completely changed ways of life and work for billions of people. In May, the death of George Floyd produced an equally seismic shift in cultural awareness of systemic racism and set in motion urgent calls for racial equity-globally. …

How private equity can catalyze diversity, equity, and inclusion in the workplace Read More »

We Must Address Power To Achieve Real Impact: A Letter to Peer Funders

February 17, 2021

Nathan Cummings frequently said that “nothing will ever be attempted if all possible objections must be first overcome.” That entrepreneurial guidance served us well in November 2017, when our Board took a major leap of faith to advance our mission of creating a more just, vibrant, sustainable, and democratic society. Breaking from foundations’ long standing …

We Must Address Power To Achieve Real Impact: A Letter to Peer Funders Read More »

To expand the economy, invest in Black businesses

December 15, 2020

This article is from Brookings.edu. For the descendants of enslaved Africans in the United States, entrepreneurship represents more than just owning a business and pursuing the proverbial American Dream. Instead, the ability for Black people to participate in local, regional, and global markets represents a dream deferred by systemic racism and discrimination. Consequently, an analysis …

To expand the economy, invest in Black businesses Read More »

It’s Time for a New Approach to Racial Equity

December 2, 2020

To see how companies continued their commitments below in 2021, we took an updated look at monetary commitments from November 1, 2020, to May 19, 2021, analyzing the announced financial commitments of more than 1,100 companies and philanthropic institutions. All in all, we found that during that time period, companies committed nearly $134 billion. Combined with …

It’s Time for a New Approach to Racial Equity Read More »

Opinion: The 2-cent solution to close the racial wealth gap: A call for U.S. companies to invest in Black communities

October 28, 2020

If just 2 cents of every dollar earned by U.S. corporations was reinvested in Black communities, the racial wealth gap would close at a pace and scale never before seen in this country. Referred to as “The 2% Solution,” this premise, championed by Vista Equity Partners founder Robert Smith is bold, yet simple. He proposes …

Opinion: The 2-cent solution to close the racial wealth gap: A call for U.S. companies to invest in Black communities Read More »

Building supportive ecosystems for Black-owned US businesses

October 8, 2020

Black business owners have been disproportionately affected by the pandemic-linked economic downturn, partly because they were more likely to already be in a precarious position, including more likely to be located in communities with business environments that are more likely to produce poor business outcomes. Indeed, about 58 percent of Black-owned businesses were at risk …

Building supportive ecosystems for Black-owned US businesses Read More »

Investing to Advance Racial Equity: Second Edition

August 12, 2020

Since we published the first edition of this report in 2018, there has been a widespread increase in the general public’s awareness about structural racism and the many ways people of color have been systematically denied access to social and economic opportunity since the earliest days of European arrival to what is now the United …

Investing to Advance Racial Equity: Second Edition Read More »

Fortune 100 companies commit $1.6 billion to fight inequality

July 3, 2020

The 100 largest U.S. companies have so far committed $1.63 billion to organizations fighting racism and inequality, according to company announcements and an Axios analysis. What’s happening: Since protests began over the death of George Floyd at the hands of Minneapolis police officers, companies have released statements of support for black communities and pledged donations to …

Fortune 100 companies commit $1.6 billion to fight inequality Read More »

Have We Reached The Tipping Point In Racial Equity Investing?

June 15, 2020

In the past few weeks, racial equity and justice have been the central rallying cry, across the world. This has prompted many individuals and institutions to speak out against racial injustice, not least in the investing industry. On June 10, Confluence Philanthropy, a membership network of foundations and impact investors, launched a pledge for racial equity. The pledge …

Have We Reached The Tipping Point In Racial Equity Investing? Read More »

Let's Talk

Why not speak to one of our expert advisors?

Scroll to Top