On the 23rd of June 200 foundation representatives came together to discuss foundations' response to racial disparity, particularly in the context of Covid-19 and Black Lives Matter. A panel of experts shared views on foundations’ responses to date, and what they’d like to see happen next, as well as setting out a range of practical way to make urgent changes to funding practices.
The discussion came amid fears for the future of BAME-led organisations. Recent research has found that BAME-led organisations are highly vulnerable to the financial impact of covid-19. A survey of 137 BAME-led micro and small organisations by the Ubele Initiative, a social enterprise, found that 87% do not have sufficient reserves to last more than three months, and therefore risk closure.
To read the full article and view the webinar recording click here