Racial inequity is inextricably connected to nearly every social challenge that philanthropy seeks to address. Quality healthcare. Affordable housing. Access to a better education. Participation in a just economy. These are just some of the challenges that disproportionately affect people of color and are central to the mission-driven work undertaken by foundations.
Foundations and their partners have been fighting for racial equity for decades through grantmaking and advocacy. But the time has come for them to put an additional tool—impact investing—to work in advancing these goals. Indeed, as the impact investing field continues to grow, it is important to ensure that racial equity is at the center of the movement, an integral element of impact.
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