Foundation forms fund to aid Black-led nonprofits

The Philadelphia Foundation has formed the $1.8 million Black Community Leaders Fund with a $1 million contribution from Facebook and has set a goal to raise $5 million, which it will use to allocate grants to nonprofits led by Black people. “Through this focused effort, we want to raise awareness of the critical roles that highly effective Black organizations play in Black communities and how important it is to invest in their resilience and leadership,” said CEO Pedro Ramos.