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Funding for Black Male Achievement Increasing, Report Finds

Post date: 
April 14th, 2015
Article Type: 
External News Article
Article Source: 
Philanthropy News Digest

U.S. foundation funding in support of programs and organizations working to improve the life outcomes of African-American males totaled $64.6 million in 2012, up from $40.4 million in 2011, a report from Foundation Center and the Campaign for Black Male Achievement (CBMA) finds.

According to the report, Quantifying Hope: Philanthropic Support for Black Men and Boys (20 pages, PDF), both the number of grants and total grant dollars designated for black male achievement have trended steadily upward since 2003 — reaching a cumulative 1,791 grants and nearly $246 million over the ten-year period, with more than half the grant dollars distributed in the last three years. In 2012, the average grant amount increased to $174,216, from $136,087 in 2011, although the number of foundations awarding grants in this area fell from 114 to 98.

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