ImpactAlpha, October 19 — New York-based Echoing Green will receive $1 million to create fellowships (applications are open) for Black women social entrepreneurs focused on education, healthcare, workforce development, financial inclusion and climate justice.
“We know that those closest to the problems are closest to the solutions,” said Goldman Sachs’ Asahi Pompey, who helped launch the bank’s $10 billion One Million Black Women initiative.
With One Million Black Women, “We wanted to do something that was big,” Pompey told Monique Aiken, host of The Reconstruction podcast, earlier this year. “We wanted to do something that was not episodic, that was going to be consistent and persistent over time.” Read Aiken’s Q&A with Pompey: “The Goldman Sachs executive helping the investment bank meet calls for racial and gender equity.”
Racial equity lens
Echoing Green surpassed its fundraising goal of $50 million for its Racial Equity Philanthropic Fund to back 500 social enterprises focused on racial equity.
“It’s an indicator that social innovation is maturing as a field and is really open to this notion of applying what social innovation is good at to the work of racial equity,” Echoing Green’s Cheryl Dorsey told MacArthur Foundation’s Debra Schwartz in conversation at SOCAP21.