Panel: The Past, Present and Future of Philanthropy

In-person session | Panel, Learn, Connect, Share

August 1, 2024 | 5:30 PM - 6:30 PM
Room: Assembly

Past: Black philanthropy has a rich history rooted in mutual aid and community support. Historically, it was characterized by informal giving within African American communities, often through churches and social organizations. From mutual aid societies in the 18th century to the civil rights movements of the 20th century, African Americans have pooled resources to uplift their communities, support education, and foster social justice. These grassroots efforts laid the foundation for organized philanthropic endeavors and inspired a legacy of giving and mutual support.

Present: Today, Black philanthropy is more dynamic and impactful than ever. It has evolved to include more formalized giving, with an increasing number of Black billionaires making significant charitable impacts. It encompasses a wide range of initiatives, from giving circles and community foundations to corporate and individual donations aimed at addressing systemic inequities. Despite these advancements, Black-led organizations often face significant challenges, including underfunding, a lack of representation in leadership roles, and systemic inequalities. The ongoing struggle to secure equitable funding and resources underscores the need for continued advocacy and strategic investment.

Future: Looking forward, the future of Black philanthropy holds potential for transformative growth and greater impact on America’s nonprofit sector. Emphasis on leadership development, strategic partnerships, and leveraging technology will be crucial. Emerging leaders and innovative funding models are set to drive more inclusive and sustainable impact. By fostering collaboration, empowering new voices, and advocating for policy changes, Black philanthropy can continue to evolve, ensuring that resources are directed to where they are needed most and that the vision of a just and equitable society is realized.

Key Topics for Discussion:

  1. Endangered Black Leadership: Addressing the underrepresentation of Black leaders in major philanthropic organizations and strategies to cultivate new leadership.
  2. Funding Disparities: Examining the gap in funding for Black-led organizations and initiatives, and exploring ways to increase support.
  3. Technology and Giving: How digital platforms, cryptocurrencies and Ai might shape the future of Black philanthropy.
  4. Intergenerational Wealth Transfer: The potential impact of wealth transfer on Black philanthropy and strategies for engaging younger generations.
  5. Collaborative Giving: Exploring models of collective impact and pooled resources to amplify the effect of Black philanthropy.

Co-Created with The MUSE Foundation and RIBPM

August 1, 2024