Leadership In Color
We are proud to announce a new content series led by Managing Partner Starsha Valentine. In an effort to address some of the unique challenges facing minority leaders as they navigate organizational growth, strategic decision-making, fundraising, and more, we are launching LEADERSHIP IN COLOR!
PART I: WHAT LEADERSHIP LOOKS LIKE IN COLOR
By Starsha Valentine
Partner and Mid-Atlantic Managing Director
We’ve all seen the headlines across numerous journals: Black-led nonprofit organizations receive less funding, grow at a slower pace, and are under-resourced compared to their white-led peers.
As recently as 2019, Echoing Green and Bridgespan’s Racial Equity and Philanthropy report found that “...on average the revenues of the Black-led organizations are 24 percent smaller than the revenues of their white-led counterparts. When it comes to the holy grail of financial support— unrestricted funding—the picture is even bleaker. The unrestricted net assets of the Black-led organizations are 76 percent smaller than their white-led counterparts. The stark disparity in unrestricted assets is particularly startling as such funding often represents a proxy for trust.”
But the disparity goes beyond just dollars and cents. Despite concerted efforts to shift power….