The Pittsburgh Foundation to invest $50M to advance racial equity, racial justice
The Pittsburgh Foundation on Tuesday announced a new strategic plan: It will invest $50 million of its unrestricted grantmaking pool over the next five years to advance racial equity and racial justice. By 2027, at least half of its unrestricted grants will benefit organizations led by and serving Black, Indigenous and People of Color communities.
“We all know that an inequitable Pittsburgh is a Pittsburgh unable to thrive,” Lisa Schroeder, president of the region’s fifth-largest foundation, said in a prepared statement. “The plan that will guide us through the next five years comes out of an unprecedented effort to bring together diverse people and ideas: our nonprofit leaders who accomplish so much with so little; our donors and business leaders who invest for a better future; our community leaders and elected officials who advocate for change; and our generous foundation community.”
Read more at Pittsburgh Business Times.
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