A collaboration between the McKinsey Institute for Black Economic Mobility
and the McKinsey Global Institute

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 Blac…

NCRP reports that only 1% of grantmaking by some of the largest local community foundations goes to Black communities....

At Founders of Color, we know that we can close the racial wealth gap through entrepreneurship, but success will require a new direction. Will you join us?

Not only do Black-led nonprofits need lasting and long-term support, but philanthropy needs to wrestle with its past failures to invest in the very communities we claim to be working for.

“We can operate on an even playing field in the digital world”

Today, Black entrepreneurs receive less than 1% of venture capital.

Black-owned businesses and their finances were disproportionately impacted by COVID, but now the tides are turning as this demographic is utilizing the technologies behind blockchain to own the cryptocurrency market.Just under one in four, about 23%, o...

Funding more leaders of color is critical.

There is an egregious assumption that Black people are not philanthropic. In fact, the opposite is true. Research continues to prove that African Americans a...

“We begin first by asking the question: Why is there so much inequality in our society?” Darren Walker says.

Despite a wealth gap, each year, Black donors give away 25 percent more of their incomes than White donors, according to a 2012 report.

Closing the racial wealth gap has become a critical imperative for change agents across the nation. And this is a good thing.  According to one study , it will take 228 years to close the gap between whites and blacks and 84 years to close the gap between whites and Latinos. So we need

Analyzing disparities in the Black-White wage gap—and why educational attainment or upskilling alone won't solve it.