Program helps foundations fund Black-led nonprofits better

Published April 20, 2022 11:42 AM

By JIM RENDON of The Chronicle of Philanthropy
Chronicle of Philanthropy

A new effort to help grantmakers change the way they work so they can better support Black-led nonprofits was announced Monday. Abundance is a collaboration between three Chicago-area grantmakers, Chicago Beyond, the Grand Victoria Foundation, and the John D. and Catherine T. MacArthur Foundation. Abundance is not a pledge, but rather a program for grantmakers. The foundations are in the process of hiring a director for Abundance and have given the group an annual budget of $400,000 for three years.

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