Transforming systems, policy, and narratives.
Addressing the persistent racial wealth gap is perhaps one of the most important levers to advancing racial equity.
For centuries, systemic racism and oppression deliberately codified through policy and advanced in practice has prevented Black people and other people of color from realizing their full potential for wealth creation in America. At the heart of centering racial equity is a recognition that we must address systems that have limited the creation of wealth in these communities. To do this, we are expanding the Barr Foundation’s grantmaking to organizations working to advance racial wealth equity in Greater Boston.
Racial wealth equity is achieved when all people, regardless of race, have a fair shot at opportunities to build wealth for themselves, their families, and their communities. Yet, for centuries, people of certain racial groups have faced a host of barriers – from individuals, financial policies, and systems - that have limited their ability to take advantage of economic opportunities, or to deal with adversities.
Barr’s Racial Wealth Equity Initiative aims to remove such barriers, by transforming systems, policy, and narratives to build wealth in communities of color. We focus on the Greater Boston region. Yet we are also open to learning about colleagues engaged in similar efforts in the Gateway City regions of Fall River, New Bedford, Lawrence, Lowell, Brockton, and Randolph.
Strategies
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What we fund
Within the three strategies outlined above, we seek to support efforts that incorporate one or more of the following approaches:
Advocacy and organizing for systems change. We seek partners using grassroots power building or advocacy to advance new public policies and institutional practices that remove barriers and create opportunities for wealth building in communities of color. This includes partners already doing advocacy and organizing, capacity-building organizations that strengthen related skills (such as field development), and others who are invested in building this capability.
Network building. We believe that networks and coalitions are key to leveraging the strengths of individual organizations and advancing best practices and durable policy gains. We seek networks and coalitions, existing and emerging, that include partners varied perspectives and approaches, such as nonprofit organizations, research/data providers, artists, and municipalities. We acknowledge that networks and coalitions take time to coalesce and build trust – especially where there’s a history of competition for funding and influence.
Narrative and strategic communications. This work also requires that we work to shift mindsets, deepen understanding of root causes and potential solutions, and to inspire civic action. We seek partners who are poised to engage in strategic communications and narrative work as a key driver.
We acknowledge that the vision for racial wealth equity can only be realized through concerted and aligned efforts spanning many sectors. That is why collaboration, coalitions and networks, and collective action are fundamental to how we engage, and to the kind of work we seek to support. We also understand that one of the most important roles a funder can play is to provide flexible operating and capacity-building support, and then get out of the way – ensuring that the organizations closest to communities, challenges, and solutions can lead.
What is systems change?
The Social Justice Partners of Los Angeles offer a definition of systems change that resonates with our thinking for Barr's Racial Wealth Equity Initiative:
Systems change [is] work that tackles the root causes of pressing social problems. As distinct from direct service work, systems change initiatives:
- acknowledge the complex, interrelated political/social/economic factors contributing to a social problem, and
- create change in underlying inequitable structures by shifting policies, processes, resources, mental models, and power structures.
Grantmaking
Barr has awarded over $25 million in grants through this special initiative.
To explore all Racial Wealth Initiative grantmaking, visit our grants database via the button below.
Meet our Racial Wealth Equity Team
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John Dello Russo Program Associate, Special Initiatives
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Lisette Le Director, Racial Wealth Equity Initiative
We are actively seeking to engage with new partners who share our aims and priorities. Please note that we are focused on Greater Boston. Yet, we are also open to learning about colleagues engaged in similar efforts in the Gateway City regions of Fall River, New Bedford, Lawrence, Lowell, Brockton, and Randolph.
Relevant Research
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Eliminating the Black-White Wealth Gap Is a Generational Challenge
2021 report by The Center for American Progress
Closing the racial wealth gap is a generational challenge that requires new yet doable policies.
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Boston's Booming... But For Whom?
2018 report from Boston Indicators
This report tells a high-level story of how Boston's economy is performing, looking specifically at trends in economic mobility and income inequality.
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New paper asks, “How can efforts to close the racial wealth gap become more effective?”
The Boston Fed and John T. Gorman Foundation explore strategies to address wealth inequality
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A Snapshot of Asian-Owned Businesses in Massachusetts
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Racial Wealth Equity Chartbook
National trends and the challenge of local data
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Racial Wealth Equity Primer
Commissioned by Barr To inform our understanding of the topic, guide our explorations about how to engage, and to be a resource for others wanting to learn more.
Recent Racial Wealth Equity Blogs
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Blog Post
The Next Phase of Barr’s Racial Wealth Equity Initiative
Future grantmaking to focus on supporting partners advancing racial wealth equity through transforming systems, policy, and narratives #racialwealthequity #racialequity #philanthropy
Read the blog post
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Blog Post
Three Themes for Advancing Wealth Building and Racial Equity
A series of listening sessions with leaders committed to building wealth highlight the importance of resilience, opportunity, and systems change.
Read the blog post
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Blog Post
An Invitation: Help Inform Barr’s Racial Wealth Equity Strategy
Seeking Greater Boston leaders working to expand access to wealth for 1:1 conversations with Barr’s Racial Wealth Equity Initiative team
Read the blog post