Black-led nonprofits are historically underfunded in Austin. A new fund aims to change that.

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Black-led nonprofits are historically underfunded in Austin. A new fund aims to change that.
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The City of Austin is partnering with atxcommunityfdn to launch The Black Fund, a 'giving network' that aims to invest more than $1 million in the Black community over the next three years.

Black community leaders and Austin city officials launch The Black Fund, an initiative to provide financial equity to Black nonprofits in Central Texas.a"giving network" that aims to invest more than $1 million in the Black community over the next three years., which will dispense money through a grant program to Black-led and Black-serving nonprofits. Several companies, including Google and Indeed, have already donated, according to the Austin Community Foundation.

“By co-creating The Black Fund at Austin Community Foundation," he said,"we are taking a deliberate approach toward racial equity in the region so every Central Texan can thrive and prosper.”"We [Austin] say that we are progressive, and we say that we get it and that bubble is real," Owens said."And so my invitation is to get outside your bubble and realize your existence does not actually represent the existence of other people.

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