Research context and overview
At Echoing Green, we know that talent is equally distributed, but opportunity is not. People all around the world have the bold ideas and lived experience to change their communities for the better, but a risk-averse funding sector leads to too many emerging leaders unable to receive support. This risk aversion is most prominent when it comes to leaders of color. Every year, we collect information and data from social entrepreneurs applying to our Fellowship program. Year after year, we find stark disparities in funding along race: in 2019, Black-led organizations were 24 percent smaller than the revenues of their white-led counterparts, and the unrestricted net assets of the Black-led organizations were 76 percent smaller than their white-led counterparts.
To illustrate this data and lay bare the racial disparity in today’s funding environment, we teamed up with The Bridgespan Group to release a research report that quantifies the depth of racial inequities in philanthropy and showcases why population-level impact cannot happen without funding more leaders of color and funding them more deeply.