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More recently, in May 2025, Zeal Capital Partners raised $82 million for Fund II to back companies in fintech, health care and the future of learning and work. The findings also highlight how today’s political climate and broader economic headwinds are shaping outcomes for Black-led funds.
Diversity, equity, and inclusion (DEI) initiatives are under heightened scrutiny, creating additional pressure for firms led by people of color, the report cites. Despite these challenges, many Black investors remain resilient, adopting innovative funding models and building strategies to ensure long-term sustainability.Limited partner (LP) behavior continues to be a critical factor in Black-led venture capital outcomes. According to the BLCK VC report, 44% of LPs surveyed had mandates to invest in managers of color, 22% focused on women-led funds, and 33% had no specific mandate at all.The average is skewed by a single $500 million fund, underscoring obstacles that continue to affect how Black general partners (GPs) raise and deploy capital.“Black investors continue to lead, despite constraint, despite backlash,” Kareema Thomas, chief strategy officer of BLCK VC, wrote in the report. The report found that the median fund size for Black-led firms is $20 million, with an average of $59 million, both below the broader industry median of $50 million–$100 million.
The Google for Startups Black Founders Fund provided cash awards - without giving up equity in return - and hands-on support to help Black entrepreneurs build and grow their businesses.
In addition to equity-free cash awards, Black Founders Fund recipients received ongoing Google mentorship, Google Cloud credits, and product support to help them navigate every stage of their startup journey.The Google for Startups Black Founders Fund provided cash awards — without giving up equity in return — and hands-on support to help Black entrepreneurs build and grow their businesses.Established in 2020, the Google for Startups Black Founders Fund awarded more than $40 million to help Black-led startups secure funding, strengthen communities, and create generational change.
Executive Director Marc Philpart believes the Black Freedom Fund is more important now than ever due to federal DEI cuts.
Executive Director Marc Philpart says the fund aims to provide $10 million in annual grants as political pressure mounts over race-conscious philanthropy. The California Black Freedom Fund, launched in 2020 amid nationwide calls for racial justice after the murder of George Floyd, is taking a bold step to secure its future.In just five years, it has raised more than $97 million and directed $45 million in grants to 206 California-based nonprofits serving Black communities. According to the Associated Press, the organization supports groups working on criminal justice reform, youth programs, civic engagement, and economic development, emphasizing long-term power-building rather than short-term charity. Executive Director Marc Philpart said the endowment would allow the fund to distribute $10 million annually without diminishing its core assets.Nonprofits led by Black people historically receive smaller endowments — just a quarter the size of those led by white executives, according to a 2022 Bridgespan Group analysis. That disparity underscores why the Black Freedom Fund views its endowment as a critical tool to ensure stability and independence.Philpart remains confident the fund can meet its ambitious goal. “We’re drawing people out who want to prove we are greater than divisiveness, we are greater than bigotry, and we are greater than racism,” he said. RELATED CONTENT: Black Lives Matter Global Network Foundation Responds To Lil Yachty Saying, ‘BLM Is A Scam’
Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan. BlackRock Income Trust, Inc. (NYSE: BKT), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate ...
Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan. BlackRock Income Trust, Inc. (NYSE: BKT), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc.The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares. ... BlackRock’s purpose is to help more and more people experience financial well-being.BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the "Closed-end Funds" section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds.This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.
United Black Fund empowers local service agencies in Greater Cleveland through financial assistance, making a positive impact on the community.
Our legacy has evolved from supporting local and grassroots service agencies with financial resources to actively engaging agency partners to become sustainable, growth-oriented resources for the community. The United Black Fund of Greater Cleveland continues to play a pivotal role in advancing the competencies of non-profits serving our communities.United Black Fund of Greater Cleveland empowers non-profits and entrepreneurs through funding, education, and leadership development to make a lasting impact in Northeast Ohio.You can get involved with United Black Fund by volunteering your time or attending our fundraising events.To apply for a grant from United Black Fund, please fill out the grant application form on our website.
By leaving BlackRock’s website, you will be subject to the third-party website’s terms, policies and/or notices, including those related to privacy and security, as applicable. Please review such policies and notices on the third-party website. ... Investing involves risk, including possible loss of principal. Carefully consider the Funds...
By leaving BlackRock’s website, you will be subject to the third-party website’s terms, policies and/or notices, including those related to privacy and security, as applicable. Please review such policies and notices on the third-party website. ... Investing involves risk, including possible loss of principal. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing.The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., BlackRock Index Services, LLC, Cohen & Steers Capital Management, Inc., European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), ICE Data Services, LLC, India Index Services & Products Limited, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC.None of these companies make any representation regarding the advisability of investing in the Funds. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above.This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. In the U.S., this material is intended for public distribution. Prepared by BlackRock Investments, LLC, member FINRA at the bottom.
With $141 million in federal ... funding threats that put its gains at risk (HUD; Bipartisan Policy Center). Asset-building programs like FSS, which Congress has protected even as recent budgets have targeted them for cuts, are essential to help families weather unemployment, avoid eviction and create security that income alone cannot guarantee. In the wake of these disruptions, Black wealth ...
With $141 million in federal appropriations for 2025, FSS is a rare example of scalable, bipartisan anti-poverty policy—yet it faces perennial funding threats that put its gains at risk (HUD; Bipartisan Policy Center). Asset-building programs like FSS, which Congress has protected even as recent budgets have targeted them for cuts, are essential to help families weather unemployment, avoid eviction and create security that income alone cannot guarantee. In the wake of these disruptions, Black wealth infrastructure isn’t just important; it is essential for community and generational resilience.Fewer than a quarter of Black-owned clean energy companies get bank financing, compared to nearly half of white-owned firms. This persistent financing gap prevents Black entrepreneurs from scaling up and sharing new opportunities. Programs like FSS, the Dearfield Fund for Black Wealth, and Washington, D.C.’s Black Homeownership Fund reveal what’s possible.Federal layoffs and industry cuts leave Black families most vulnerable to housing and income loss. Here are some things you should know about asset-building programs and fair lending reforms that offer pathways to lasting Black wealth and resilience.In August 2025, the Black unemployment rate surged to 7.5 percent—about twice the rate for White workers (3.7 percent) and well above the national average of 4.3 percent. Washington, D.C., and Michigan had the highest Black unemployment rates in the second quarter of 2025, at 10.3 percent and 10 percent, respectively (EPI).
Black Communities Funders Network convenes virtually once a month for discussion on various relevant topics. Meetings often feature influential guests and members leading discussions or panels based on network interests. Additionally, the network holds in-person gatherings in the fall and spring.
Membership to Black Communities Funders Network is open to diverse leaders committing to advancing racial equity strategies managing Black funds within a community foundation, intermediary organization, or collaborative fund. Prospective members must be ABFE members before joining the network.This peer community is focused on the organizing power of the network, designing frameworks to build and grow endowments at Black Funds, and serving as an incubator for sustainability strategies.Join the Black Communities Funders Network today and become a catalyst for transformative change in philanthropy.Corporate Community of Practice
Black entrepreneurs may find it hard to navigate the funding landscape. Using community networks, looking into grants for minority-owned businesses, and making strong pitches can all help you get important resources and grow your business.
It looks at how Black business owners can get money right now and shows them different ways to do so, like through grants, mentorship programs, and growth strategies. If you plan ahead, network, and stay strong, getting money can help your business grow in the long run. ... The funding environment for startups and small businesses is diverse.Takeaway: Matching funding type to business stage, growth goals, and personal risk tolerance is critical. Access to capital often begins with access to people. A strong network connects entrepreneurs to mentors, investors, and resources. Attend Events: Join local business meetups, entrepreneurship seminars, and industry conferences. Join Professional Organizations: Groups such as the National Black MBA Association and local chambers of commerce provide mentorship and exposure.Digital tools can extend reach, optimize operations, and improve access to funding. Digital Marketing: Platforms like Instagram and TikTok can amplify brand visibility. SEO & Websites: A strong online presence builds credibility and customer trust. Crowdfunding Platforms: Websites such as Kickstarter or GoFundMe democratize access to early-stage capital. Productivity Tools: Asana, Trello, and QuickBooks help streamline management and financial tracking. The entrepreneurial journey is marked by highs and lows. For Black entrepreneurs navigating systemic barriers, resilience becomes an essential tool.Getting money is still a big problem for Black business owners, but there are more chances than ever before in today’s world. Grants, venture capital, crowdfunding, and mentorship are just a few of the many ways to help a business grow in a way that will last. Be ready. Make sure your funding matches your goals, have a solid business plan, use your networks, and use technology to your advantage.
Launched in the aftermath of George Floyd’s murder, the pooled fund is now a legally independent organization. It's facing stiff headwinds this year, but it's in it for the long haul.
Five years ago, George Floyd’s murder ignited a nationwide movement aiming to bring about an end to systemic racism with numerous foundations and donors making financial pledges. In California, a group of funders came together to launch the California Black Freedom Fund, a first-of-its-kind, state-based pooled fund dedicated to funding Black-led power-building organizations.Since its launch in 2021, the fund has awarded more than $45 million to 206 Black-serving nonprofits working across 17 issue areas, including the economy, health, education, youth development, criminal justice and food sovereignty.Initially conceived as a five-year pooled fund housed at SVCF, the fund, now rebranded as the Black Freedom Fund, has established itself as a permanent, independent institution: the largest pooled fund for Black-serving organizations in the U.S. While the fund will continue to focus primarily on California, its name change means it will also be able to consider partnerships in other places.The fund has reached its original fundraising goal of $100 million by the end of 2025, a year earlier than expected, and will now be looking to raise another $100 million for a total of $200 million. The Black Freedom Fund as it’s now structured does not have an endowment in the strictest sense.
Black Facts by Damon K. Jones ... If you only watched this week’s Senate questioning of HHS Secretary Robert F. Kennedy Jr., you might conclude the issue is straightforward: “anti-vaccine advocate versus science.” That is the prevailing narrative. However, the actual discussion concerns the influence over public health messaging in the United States—and the implications when those who interpret scientific evidence also receive funding...
Black Facts by Damon K. Jones ... If you only watched this week’s Senate questioning of HHS Secretary Robert F. Kennedy Jr., you might conclude the issue is straightforward: “anti-vaccine advocate versus science.” That is the prevailing narrative. However, the actual discussion concerns the influence over public health messaging in the United States—and the implications when those who interpret scientific evidence also receive funding, sponsorships, or recognition from the companies producing the products they evaluate.Instead, it offers practical considerations for the public, particularly Black Americans, among whom medical distrust is documented to be high: Establish financial separation. Those who recommend policy for children or national vaccine schedules should publicly disclose a real-time donor list by amount and type on all guidelines. Ensuring transparency in financial contributions could clarify whether funding affects policy decisions.Undark — AAP corporate funding context; AAP statement that ~4% revenue is corporate and not used for policy. AAP — Corporate & Organizational Partners page (current donors, tiers). AAP Pediatrics — Conflicts/industry guidance in pediatric settings. Al Jazeera/PolitiFact — Fact-check compilation on hearing claims. PBS — Video clip summary of the hearing.. ... A multifaceted personality, Damon is an activist, author, and the force behind Black Westchester Magazine, a notable Black-owned newspaper based in Westchester County, New York.The publication provides coverage of local events, politics, culture, and issues particularly relevant to African American residents. With a commitment to amplifying Black voices and perspectives, Black Westchester Magazine aims to inform, empower, and connect its readership through in-depth reporting and community engagement.
/PRNewswire/ -- Black Pill Capital, a newly established hedge fund, today announced its official launch, offering accredited investors access to a frontier...
CHARLOTTE, N.C., Sept. 1, 2025 /PRNewswire/ -- Black Pill Capital, a newly established hedge fund, today announced its official launch, offering accredited investors access to a frontier investment strategy centered on corporate Bitcoin treasury adoption.This is the domain of the Innovator. Black Pill Capital is where institutional expertise meets entrepreneurial innovation." Unlike conventional funds led exclusively by finance veterans, Black Pill Capital's founding team blends entrepreneurial insight with institutional discipline.About Black Pill Capital Founded in 2025 and headquartered in Charlotte, NC, Black Pill Capital is a hedge fund dedicated to advancing the sound-money movement through investments in companies embracing Bitcoin as a treasury strategy."Most hedge funds operate in environments where variables are well defined, and the few uncertainties can be addressed with the mindset of the Analyst," said Jeff Grant, Chief Executive Officer of Black Pill Capital. "Our fund ventures into a frontier where far more dimensions are undefined—where unknowns, and even unknown unknowns, dominate.
The Thrift Savings Plan’s international investments rebounded last month after lagging behind other portfolios in July.
The fixed income (F) fund finished August 1.19% in the black.So far this year, the L Income Fund has grown 6.24%; L 2030, 10.04%; L 2035, 10.71%; L 2040, 11.37%; L 2045, 11.93%; L 2050, 12.47%; L 2055, 14.19%; L 2060, 14.19%; L 2065, 14.19%; and L 2070, 14.21%. Year-to-date returns for the L 2075 Fund are not yet available, as the portfolio launched in July.The small- and mid-size businesses of the Thrift Savings Plan’s S Fund saw the best performance, gaining 4.08% last month.That effectively doubled the fund’s gains so far this year, increasing its 2025 growth to 8.96%.
BlackRock's 2025 Read on Retirement survey sheds light on how receptive employers may be to adding private assets to their DC plans.
Blackrock · Gift Article · Share · Expand · Larry Fink (Daniel Acker/Bloomberg News) JP · By: Jesse Pound · September 08, 2025 07:53 PM · Face to FaceAn inside look at how Boeing CIO Elizabeth Tulach oversees $120 billion in DB and DC plan assets · Boeing CIO Elizabeth Tulach discussed her path to CIO, her in-house investment team, artificial intelligence and more in a conversation with P&I.
Black-led venture capital firms raised more funds than ever before in 2024, with a median fund size of $20 million, and an average of $59 million, according to BLCK VC’s newly released State of Black Venture Report 2025.
In addition, deal activity among those funds declined sharply. · The paradox reflects both resilience and risk: Black GPs are demonstrating fundraising momentum, but a tighter market and structural inequities are reshaping how — and whether — that capital gets deployed.Some Black-led VCs are finding success and raising vehicles at or above industry norms. · Slauson & Co., for instance, closed a $100 million second fund in 2024 to back overlooked founders across fintech, future of work, and consumer sectors. Cherryrock Capital, led by Stacy Brown-Philpot and Saydeah Howard, earlier this year raised a $172 million first fund to back growth-stage startups led by underinvested founders.Others are finding success diversifying into alternative funding models, such as revenue-based finance and venture debt. Several respondents to the Black VC survey emphasized the potential of revenue-based finance to enable greater equity and ownership by founders while realizing returns more quickly.Early-career representation is shrinking, with fewer Black professionals under 35 entering venture. That narrowing pipeline raises long-term concerns about sustained representation and mobility across the asset class. Limited partner behavior remains a central factor. Among the LPs surveyed, 44% reported mandates to invest in managers of color, 22% had mandates specific to women-led funds, and a third had no mandate at all.
The NAACP Powershift Entrepreneur Grant aims to empower Black entrepreneurs and businesses through funding and resources and has, in previous years, contributed largely to the growth of Black businesses across the nation.
Amid a pandemic that has sent our economy into free fall, Black-owned businesses need more access to capital and funding than ever before.NAACP believes in the power of Black entrepreneurship. We partner with several organizations to provide grants for Black-owned businesses. Less than 5 percent of American business owners are Black. NAACP partners with several organizations to provide grants that support Black entrepreneurship.The NAACP and the Nextdoor Kind Foundation will award chosen U.S. small business owners of color microgrants from the Keep It Local Business Fund, in partnership with Hello Alice.Vistaprint and the Boston Celtics Shamrock Foundation launched the Power Forward Small Business Grant in partnership with NAACP and announced a combined commitment of $1 million. This grant program aims to create a lasting impact through the economic empowerment of Black-owned small businesses across New England with grants of $25,000 to be awarded on a rolling basis.
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The Black Community Investment Fund prioritizes and invests in community efforts that increase racial equity and generational wealth for Black San Diegans.
COVID-19 and events of the recent past have shined a light on systemic racism, especially as it impacts Black communities. Co-founded with the Central San Diego Black Chamber of Commerce, the Black Community Investment Fund prioritizes and invests in community-led, innovative efforts that increase racial equity and generational wealth for Black San Diegans.The Black Community Investment Fund was seeded in 2020 with $1 million from the San Diego Foundation, $250,000 from San Diego Gas & Electric, $75,000 from Wells Fargo Bank and $25,000 from Cox Communications and complements the work of government agencies and organizations by investing in initiatives that disrupt and innovate the institutional drivers of racial inequity in San Diego.Uplifting Young Minds: The Black InGenius Initiative Commitment to Educational Equity ... About A.J. Steinberg, CFRE · With over 20 years’ experience as a nonprofit event producer and engagement strategist, A.J. Steinberg, CFRE has worked on over 100 successful events and raised millions of dollars for organizations with her Los Angeles-based production company. A.J.’s team has produced almost every type of fundraising event, including intimate high net-worth donor gatherings, galas, festivals, and fashion shows.As the Founder and Principal Strategist of Más Allá—Spanish for “beyond”—she leads a community-centered, values-driven fundraising consulting firm dedicated to advancing equity and justice by closing funding gaps and raising critical resources for and with women and Black, Indigenous, and People of Color (BIPOC) communities across the U.S.
The Black Future Co-op Fund is a new paradigm for philanthropy, uplifting Black-led solutions that ignite Black generational wealth, health, and well-being.
Black Washingtonians are the soul of the Fund. We recently hosted a series of listening sessions across the state to hear directly from community. We are in the process of distilling what we heard and learned, which will help shape our own approaches and be shared with our colleagues to inform the sector.The Black Future Co-op Fund is a new paradigm for philanthropy uplifting Black-led solutions that ignite Black generational wealth, health, and well-being.The Black Future Co-op Fund is a cooperative philanthropy rooted in the beauty, soulfulness, and strength of Blackness.The Black Future Co-op Fund announces our 2025 We See You grantees, the first cohort selected entirely by the community.
Group Black was further hit with two lawsuits from Essence Ventures–owned companies, Business Insider reports. The suits alleged the firm owed about $20 million and misused funds to support Group Black and Holler, a media company founded by Montaque. Group Black denied the claims in court ...
Group Black was further hit with two lawsuits from Essence Ventures–owned companies, Business Insider reports. The suits alleged the firm owed about $20 million and misused funds to support Group Black and Holler, a media company founded by Montaque. Group Black denied the claims in court filings, apart from acknowledging a loan.The Black-owned media group is expanding its reach to a broader audience with its latest venture, Portrait Media Group.Bough told Adage that multicultural audiences are the new “growth audience” that marketers are trying to appeal to. However, he doesn’t view this change as an “alienation” of Black audiences or Black-owned businesses.Entrepreneur Richelieu Dennis and Bough secured a $75 million target media investment from the ad buying giant GroupM (now WPP Media). The partnership made Group Black one of the most visible organizations directing ad dollars to Black-led media.