Major funders call for increased support of Black feminists
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By GLENN GAMBOA
AP Business Writer
The need to increase funding for Black feminist organizations is urgent, according to an open letter from some of philanthropy’s most influential organizations – including Melinda Gates’ Pivotal Ventures, Rihanna’s Clara Lionel Foundation, as well as the Ford Foundation and MacArthur Foundation – released Thursday. The Black Feminist Fund is looking to raise $100 million to support nonprofits led by Black women, who have been historically underfunded in philanthropy. The fund, which launched in 2021, has raised $35 million of its goal so far. Research shows that less than 0.5% of philanthropic donations go to specifically help Black women and girls.