Nonprofit Finance and Racial Equity
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Investing to Spite Ourselves: The Paradox of Nonprofit and Foundation Asset Management
With combined assets nearing $2 trillion, how and where nonprofits and foundations invest those resources has enormous consequences. For two sectors that are mission-based, the question is whether enough of those assets are financing community and economic ventures that truly augment their stated missions. Or do traditional asset management practices inadvertently work against the goals of the very organizations holding those assets?
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Building Equity into Nonprofit Finance
One place to look for tangible evidence of any individual’s or group’s priorities and values is to look at where they spend their money. If you are looking to see if a nonprofit is truly committed to racial justice and equity, ask to see what percentage of its expenses are invested in this work and in what way.