A Few Thoughts About Black Philanthropy

Aug 29, 2024 | Mindset

Philanthropy has long been a force for good, driving social change and addressing critical issues across the globe. However, the narrative around philanthropy has often been dominated by mainstream perspectives, overlooking the unique contributions and significance of Black philanthropy. As we continue to strive for a more equitable and inclusive society, it is crucial to recognize and uplift the importance of Black philanthropy in shaping our communities and addressing the systemic challenges that disproportionately affect Black people. Despite the wealth disparities that exist, Black Americans are exceptionally generous in their charitable giving.

According to a report by *The Lilly Family School of Philanthropy, Black households give approximately 25% more of their discretionary income to charitable causes than White households. This generosity is reflected in various forms, including church donations, community support, and contributions to educational causes. A study by the *W.K. Kellogg Foundation and the *Rockefeller Philanthropy Advisors also found that nearly two-thirds of Black households donate to charitable causes, contributing an estimated $11 billion annually! Who knew?

Dispelling Myths: The Generosity of Black Americans

Having worked in higher education fundraising, I have met remarkable individuals of color that are extremely philanthropic but are often not seen as major contributors because the narrative has been ‘Blacks don’t give at substantial levels.’ We now have data to dispel that myth. Looking beyond ethnicity and focusing on the mission and vision of the institution and how it resonates with a person’s individual priorities, is the role of a fundraiser.

For Black people, “Philanthropy, giving back is a deeply rooted tradition in the Black community, so I relish the opportunities to dispel the myth that Black folks aren’t willing to put their money where their hearts are. Most importantly, my contributions are driven by a desire to support the causes and people that inspire me and deserve more recognition. It’s about investing in the future and ensuring that opportunities reach those who have often been overlooked. Not because of worthiness, but lack of awareness.“-Terrence Gee, Trustee, Rice University.

Black philanthropists support museums, cultural institutions, and preservation projects to ensure Black stories and contributions are celebrated.

Preserving Black Heritage Through Philanthropy

Black philanthropy plays a vital role in preserving and celebrating the rich cultural heritage and history of Black communities. Through support for museums, cultural institutions, and historical preservation projects, Black philanthropists ensure that the stories and contributions of Black people are not only remembered but also celebrated. This preservation is crucial in countering narratives that have historically marginalized or erased Black experiences. By funding initiatives that promote Black art, literature, and history, Black philanthropy fosters a deeper understanding and appreciation of Black culture, both within and outside the community. A Black philanthropist in Houston shared why he and his wife are so very generous:

“I believe we have been blessed to be a blessing; the more you give, the more you receive. Our giving has always focused on education, financial literacy and art and culture. Reason being, these are the foundational cornerstones of strengthening and growing our communities.’ -Gerald Smith, Chairman Emertus, Texas Southern University Foundation.

Black Philanthropy addresses systemic racism and economic disparities that have long plagued Black communities, leading to significant gaps in education, healthcare, and economic opportunities. Black philanthropy directly addresses these inequities by investing in initiatives that empower marginalized communities. Whether through scholarships or mentorship programs, Black philanthropists are actively working to dismantle the barriers that prevent individuals from achieving their full potential. By focusing on the specific needs and challenges faced by Black communities, Black philanthropy is instrumental in creating pathways to success and fostering long-term, sustainable change.

Stregthening Communities

Communities thrive when they have the resources and support to address their unique challenges. Black philanthropy often focuses on community-based initiatives that strengthen the social fabric and resilience of Black neighborhoods. This includes funding for health clinics, educational programs, housing initiatives, and other services that are critical to the well-being of the community. A Black philanthropist in Philadelphia supports areas that resonate with their livelihood.

‘My husband and I decided long ago that we want to be intentional to focus our giving on children in need and children’s health. So, all of our giving outside of our local church goes to proven charities that have a long and sustained efforts to address these areas and are also practicing good stewardship of their finances.” Dr. Tyra Bryant-Stephens, pediatrician, Dartmouth College.

The narrative around philanthropy has traditionally been dominated by wealthy, predominantly white individuals and institutions. However, Black philanthropy challenges and redefines this narrative by highlighting the longstanding tradition of giving within Black communities. Black philanthropy has always been rooted in a sense of communal responsibility and solidarity. By recognizing and celebrating this tradition, we can broaden the understanding of what philanthropy looks like and who participates in it.

Inspiring Future Generations Through Black Philanthropy

One of the most powerful aspects of Black philanthropy is its ability to inspire the next generation. When young people see individuals from their community giving back and making a difference, it encourages them to do the same. Black philanthropists serve as role models, demonstrating that philanthropy is not just about wealth but about using whatever resources one has to uplift others. This inspiration is crucial in ensuring that the legacy of Black philanthropy continues to grow and evolve, creating a cycle of giving that spans generations.

Black philanthropy is not just important—it is essential.

Carme Williams, CFRE
Senior Fundraising Consultant

For further details, you can explore reports:
The Lilly Family School of Philanthropy(https://philanthropy.iupui.edu
W.K. Kellogg Foundation(https://www.wkkf.org)
Rockefeller Philanthropy Advisors (https://www.rockpa.org)

 

 

Houston, TX – April 25, 2026 — The Greater Houston Black Chamber (GHBC) successfully hosted its 2nd Annual Wealth Forum: Code to Capital at Rice University’s Anderson-Clarke Center, convening entrepreneurs, professionals, students, financial institutions, and industry leaders for a one-day, high-impact experience focused on building and sustaining wealth.

Held during Financial Literacy Month, the Wealth Forum continues to serve as a signature platform advancing GHBC’s mission to drive economic empowerment by equipping individuals and businesses with the tools, strategies, and access needed to achieve long-term financial success.

The forum’s mainstage programming opened with the Code to Capital panel, featuring Kim Roxie (LAMIK Beauty), Kimberly Evans (BeckEvans), and Jill Johnson (Institute for Entrepreneurial Leadership), moderated by Amanda Sapp. The discussion provided candid insights into capital readiness, common barriers to funding, and actionable strategies to strengthen business positioning for access to capital.

The mainstage continued with a featured fireside chat, “Before Capital: The Financial Foundation Every Entrepreneur Needs,” led by Dr. DeForest B. Soaries, Jr. The conversation emphasized the importance of financial discipline, debt management, and foundational readiness as critical components of sustainable business growth.

A real-time program adjustment created space for deeper engagement, resulting in what many attendees identified as a defining and impactful moment of the event.

The forum also featured a dedicated College Track, highlighting conversations with emerging and established voices in entrepreneurship and culture. Tyla-Simone Crayton, founder of Sienna Wings, shared her journey building a nationally recognized brand, while Keyheira Keys of DreamCon provided insight into the growth and expansion of one of the country’s fastest-growing cultural conventions. These sessions offered students practical, real-world perspectives on ownership, brand building, and scaling within today’s economy.

In addition to mainstage programming, attendees participated in a series of interactive workshops covering financial management, business growth strategies, wealth building, access to capital, and estate planning. The Lender Matchmaker Lounge facilitated direct connections between attendees and financial institutions, while the Wealth Coach Corner provided one-on-one guidance from financial experts.

A standout component of the forum was the AI Implementation Lab, which sold out ahead of the event and delivered hands-on training focused on integrating artificial intelligence into business operations. Participants developed customized implementation plans and gained practical tools to improve efficiency, increase revenue potential, and scale their businesses.

The event concluded with The Wealth Exchange, an exclusive networking reception sponsored by the Institute for Entrepreneurial Leadership (IFEL), providing attendees with an opportunity to continue building relationships and exploring collaborative opportunities.

“The Wealth Forum is designed to move beyond conversation and into action,” said Dr. Asheli S. Atkins, President & CEO of GHBC. “Our goal is to create intentional spaces where entrepreneurs and professionals gain not only knowledge, but clear pathways to capital, growth, and long-term wealth.”

The continued success of the Wealth Forum underscores GHBC’s commitment to supporting Houston’s business community by fostering access, education, and opportunity.

For more information about the GHBC Wealth Forum, visit www.ghbcc.com/wealth-forum.

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<a href="https://ghbcc.com/author/admin-blkchamber/" target="_self">GHBC</a>

GHBC

Greater Houston Black Chamber

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