Black Giving’s Impact Greater Giving Moment

Greater Giving Moment Greater Giving Moment

Explore weekly segments from the Greater Giving Moment on WKNO 91.1. FM, where Julia McDonald from the Community Foundation of Greater Memphis shares how to give smarter and do more good for your causes and your community.

Black Giving’s Impact

(Aug, 25, 2022) Since 2011, Black Philanthropy Month has been observed annually in August to celebrate and amplify Black giving. Despite historically possessing lower net worth, Black Americans have a rich culture of charitable giving—one that is sometimes under-appreciated or even ignored.

The Kellogg Foundation and Rockefeller Philanthropy Advisors found that nearly two-thirds of Black households donate to community-based organizations and causes for a total of $11 billion each year.

The Urban Institute reports that, as a share of median family wealth, Black families contribute the largest proportion of their wealth to charity, with the most recent figure 8%—compared to 2% for white families and 5% for Hispanic families.

They are philanthropists investing in their communities. Whether through supporting higher education and the arts, faith-based giving, or bolstering Black-serving organizations, Black Americans have made an enormous and generous impact.

To learn more about Black Philanthropy Month, visit our resource hub.