What's Happening?
Leaders of Black-led giving circles from across the Carolinas are gathering in Charlotte to celebrate Black Philanthropy Month. The event, CircleUp Carolinas, will take place at the Charlotte Museum of History and feature the multimedia exhibit 'Giving Back: The Soul of Philanthropy Reframed and Exhibited.' This exhibit highlights cultural values and traditions in Black philanthropy through stories, photographs, and interactive displays. Black communities contribute an estimated $11 billion annually to charitable causes, donating a higher proportion of their wealth than other racial groups. The rise of giving circles, which pool resources to fund valued causes, reflects this tradition, with 77 percent of such circles being identity-based. Notable participants include Tracey Greene-Washington, founder of CoThinkk, and Ilyasah N. Shabazz, senior operations and communications director at Philanthropy Together.
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Why It's Important?
The celebration of Black Philanthropy Month underscores the significant impact of collective giving in Black communities. By pooling resources, these communities are able to support causes that align with their values, fostering social change and empowerment. The event highlights the importance of identity-based giving circles, which play a crucial role in addressing racial disparities in philanthropy. This approach not only amplifies the voices and needs of Black communities but also encourages broader participation in charitable activities. The recognition of Black philanthropy's contributions is vital in promoting equity and inclusion within the philanthropic sector.
What's Next?
As Black Philanthropy Month continues, there may be increased awareness and participation in giving circles, potentially leading to more resources being directed towards community-driven initiatives. The event could inspire other racial and ethnic groups to adopt similar models of collective giving, further diversifying the philanthropic landscape. Stakeholders, including community leaders and philanthropic organizations, might explore partnerships to expand the reach and impact of these giving circles.
