(BPRW) Goldman Sachs One Million Black Women Announces 50 Black Women’s Impact Grant Recipients to Scale Black Women-Led Nonprofits
(Black PR wire) NEW YORK, NY – The Goldman Sachs Group, Inc. (NYSE: GS) announced 50 recipients of the Black Women Impact Grant Program, part of its A million black women initiative, to fund non-profit organizations led by black women and serving black women.
The 50 organizations were selected from more than 800 applicants based on their established efforts to provide innovative and transformative solutions to reduce the opportunity gaps faced by Black women. Each recipient will receive two years of general operating funding, ranging from $50,000 to $250,000. A total of $10 million will be invested under the multi-year program.
“We know that one of the best ways to create a more inclusive economy is to invest in black women,” said David Solomon, Chairman and CEO of Goldman Sachs. “Through our listening sessions, we’ve learned how much black women-led nonprofits have transformed communities, and now we’re going to shine a light on those organizations and give their leaders the resources they need. need to increase their impact.”
Goldman Sachs research black women cites limited access to capital as one of the biggest barriers for black women building businesses and organizations.
Through a series of 50 listening sessions with more than 20,000 Black women, the lack of access to unrestricted, multi-year funding was cited as a persistent challenge facing women nonprofit leaders. The Black Women Impact grant program is designed to directly address this need.
“We have listened and learned that black women-led nonprofits need access to multi-year general operating funding to scale their nonprofits,” said Asahi Pompey, chairman of the Goldman Sachs Foundation. “We have been inspired by the work of these 50 dynamic leaders and are thrilled to provide funding as they continue to build enduring organizations, driving lasting change within their communities. »
“For more than a decade, our approach to driving market-based solutions has focused on allocating capital in all its forms and financing to address the root causes of income inequality to create opportunities”, said Dina Powell McCormick, global head of sustainability and inclusive growth at Goldman Sachs. “Black Women Impact grantees have demonstrated through first-hand data and insights that they have developed solutions to reduce opportunity gaps and positively impact communities across the country.
The following organizations will receive grants and represent organizations across the country:
- Aurora St. Anthony Neighborhood Development Corporation, led by Dr. Deborah Mitchell (Minnesota)
- Bethesda Center for the Homeless, directed by Ashley Martin (North Carolina)
- Black Education for New Orleans, led by Adrinda Kelly (Louisiana)
- Black Girl Health Foundation Inc., led by Porcha Grigsby (Maryland)
- Black Girls Smile Inc., led by Lauren Carson (Georgia)
- Black Mamas ATX, led by Kelenne Blake-Fallon (Texas)
- Black Women Build – Baltimore, Inc., led by Shelley Halstead (Maryland)
- Built in Tulsa, led by Ashli Sims (Oklahoma)
- Butterfly Dreamz, Inc., led by Joy Lindsay (New Jersey)
- Chicago South Side Birth Center, directed by Jeanine Valrie Logan (Illinois)
- Sistas Cohort, led by Ijeoma Kola (Indiana)
- Cool Girls, Inc., Tanya Egins (Georgia)
- Cornerstone Corporation, headed by Monique Thomas (Missouri)
- Custom Collaborative, led by Ngozi Okaro (New York)
- Drive Change, Inc., led by Kalilah Moon (New York)
- Educating Young Minds, led by Angeles Echols (California)
- Fifth Star Funds, led by Stella Ashaolu (Illinois)
- Finance Savvy CEO Foundation, led by Marguerite Pressley Davis (Georgia)
- Garwyn Oaks Northwest Housing Resource Center, led by Mereida Goodman (Maryland)
- HOPE, Inc. (Helping Other People be Empowered), led by Kenita Smith (Georgia)
- Habitat for Humanity DeKalb, led by Sharon Steele (Georgia)
- Hannibal Square Community Land Trust, Inc., led by Camille Reynolds Lewis (Florida)
- HeartSmiles, led by Joni Holifield (Maryland)
- Hope for Youth, Inc. (HYPE), led by Kristina Newton (Georgia)
- Inspiring Minds Greater Philadelphia, led by Andrea Garner (Pennsylvania)
- Increase in the HOPE financial training center, led by Dorothea Bernique (South Carolina)
- ICE Mentors (Eryn PiNK Girl Empowerment), led by Eryn Hathaway (Ohio)
- LEAD Girls of NC, led by Joy Nelson Thomas (North Carolina)
- Mama Glow Foundation, led by Latham Thomas (New York)
- MOMCares, led by Ana Rodney (Maryland)
- Narrative Nation Inc. led by Kimberly Seals Allers (New York)
- Okionu Birth Foundation, led by Jacquelyn Clemmons (Colorado)
- Paradigm for Parity, led by Sandra Quince (New York)
- Partners In Equity, led by Janice Sherman (Georgia)
- PIVOT Inc., led by Veronica Jackson (Maryland)
- Polished Pebbles Girls mentorship program, led by Kelly Fair (Illinois)
- Pursuit of Innovation (Pi515), led by Nancy Mwirotsi (Iowa)
- Seeds of Fortune Inc., led by Nitiya Walker (New York)
- SistasCaring4Sistas, led by Cindy McMillan, Wakina Robertson and Nikita Smart (North Carolina)
- Soul 2 Soul Sisters (S2SS), led by Rev. Tawana Angela Davis, MDiv., MA, PhD and Rev. Dawn Riley Duval (Colorado)
- South Dallas Fair Park Innercity Community Development Corporation, led by Diane Ragsdale (Texas)
- The Aux (tax agent: The Growing Season), led by Tosha Wilson (Illinois)
- The BRidge Agency, INC, directed by Nicole Scott (Louisiana)
- Therapeutic Play Foundation, led by Nakeya T. Fields (California)
- TOPPS – Targeting Our People’s Priorities with Service, led by Annette Dove (Arkansas)
- TOUCH, The Black Breast Cancer Alliance, led by Ricki Fairley and Valarie Worthy (Maryland)
- Upton Planning Committee, led by Wanda G. Best (Maryland)
- Village of Healing, led by Tenisha Gaines and Da’na M. Langford (Ohio)
- We2gether Create Change, led by Gloria Dickerson (Mississippi)
- YesSheCanCampaign, led by Zaniya Lewis (New Jersey)
The organizations selected vary in terms of geography and mission. Cohort Sistas, based in South Bend, Indiana, aims to use this investment to increase the number of women earning doctorates nationwide. Build in Tulsa will work with other black women-led start-ups in Tulsa, Oklahoma through its accelerator. Black Girls Smile Inc., based in Georgia, will use this investment to further its mission to ensure young Black women have access to education, resources and support for their mental wellness.
“Black women have always been central to driving social change to sustain and uplift their communities; and they did it with limited financial resources,” said Melanie Campbell, President and CEO of the National Coalition on Black Civic Participation and moderator of the Black Women’s Roundtable. “This grant program not only supports these 50 dynamic black women leaders, it sends a signal to the broader business and philanthropic community that it is high time that black women’s leadership was invested and had more seats at the tables. power and influence, which is a smart business decision to grow and strengthen our nation’s economy.
Of the organizations selected, all are led by a black woman and have several black women in key leadership positions. Recipient organizations focus directly on advancement A million black women pillar areas including: healthcare, job creation and workforce development, education, affordable housing, digital connectivity, financial health and access to capital.
Learn more about the Black Women Impact grant program and the 50 recipients.
About A million black women
In partnership with black women-led organizations, financial institutions and other partners, Goldman Sachs has committed $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade to fight against the disproportionate gender and racial twin biases black women have faced. for generations, which have only been exacerbated by the pandemic. initiative, A million black womenbears the name and is guided by the goal of impacting the lives of at least one million black women by 2030. Goldman Sachs Research black women has shown that sustained investments in black women will catalyze economic growth, creating not only a more just, but also a wealthier society.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global financial institution that provides a broad range of financial services in the areas of investment banking, securities, investment management and retail banking services at a large and diverse customer base including corporations, financial institutions, governments and individuals. Founded in 1869, the company is headquartered in New York and has offices in all major financial centers around the world.
The content and opinions expressed in this press release are those of the authors and/or companies represented, and are not necessarily shared by Black PR Wire. The author(s) and/or companies represented are solely responsible for the facts and the accuracy of the content of this press release. Black PR Wire reserves the right to reject a press release if, in Black PR Wire’s opinion, the contents of the release are unsuitable for distribution.