Tuesday, June 26, 2012

Rhode Island Foundation’s Black Philanthropy Initiative Awards Inaugural Grants


The Black Philanthropy Initiative Leadership Team: Walter Stone, Linda Newton and Judge Edward Clifton at the February 2009 launch in Rhode Island.

National Coalition of 100 Black Women-Rhode Island and Youth In Action to receive grants totaling $25,000 to support programs in financial literacy and job training

Providence, RI – The Rhode Island Foundation’s Black Philanthropy Initiative (BPI), a permanent endowment devoted to advancing equity and social justice for Blacks in Rhode Island, will grant nearly $25,000 to two non-profit organizations: Youth in Action and the National Coalition of 100 Black Women-Rhode Island (NCBW). These awards represent the inaugural grants from the Black Philanthropy Initiative, established by the Foundation and a group of community leaders in 2009.

“The Black Philanthropy Initiative focuses on long-term solutions to challenges facing the Black community in our state. These inaugural grants supporting programs in financial literacy and job training will help empower participants by giving them the knowledge they need to learn, grow, improve their lives, and in doing so, improve Rhode Island,” said Neil Steinberg, President and CEO of The Rhode Island Foundation. “We are grateful to the dedicated group of individuals who encouraged the Foundation to launch the Black Philanthropy Initiative and we appreciate the hard work of those who served on the grant and campaign committees.”

The NCBW is a nonprofit dedicated to the development of black women and their families in the areas of health, education, and economic empowerment through mentoring, advocacy and political action. The BPI grant of $9,978 will support a series of six day-long financial literacy workshops, entitled “Building Assets/Strengthening Families.” The program will cover topics such as financial savings, credit scores, mortgage literacy, and long-term investing.

Youth in Action, a partnership between youth, adults, and community to create positive social change, will receive $15,000 to extend the content and reach of its youth development and job training initiative, “Project Success.” Designed by and for youth of color in Providence, “Project Success” currently helps 100 young people by giving them skills to achieve both academically and personally, as well as offering job placement and work experience. The BPI grant will allow the project’s next cohort to include an additional 30 participants and will provide resources for a new financial literacy component to the training series.

“This first round of grants distributed by BPI will enable young adults and their families to engage in activities that will increase financial literacy and wise decision-making,” said Denise Jenkins, Foundation grant programs officer for education. “Many thanks to the BPI advisory committee: The Honorable Edward C. Clifton, Jason Fowler, Beverly Ledbetter, Linda Newton, and The Honorable Walter Stone for their dedication to this important initiative and commitment to bettering the lives of all Rhode Islanders.”

The Rhode Island Foundation is a philanthropic and community leader dedicated to meeting the needs of the people of Rhode Island. Founded in 1916, the Foundation is one of the oldest and largest community foundations in the United States, and is the largest and most comprehensive funder of nonprofit organizations in Rhode Island. In 2011, the Foundation made grants of $28 million to more than one thousand organizations addressing the state’s most pressing issues and needs of diverse communities.

Learn more about the Black Philanthropy Initiative by visiting here.

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