The amount the U.S. GDP would increase by 2030 if the racial earnings gap was closed
The W.K. Kellogg Foundation’s 2018 The Business Case for Racial Equity states if the average incomes of people of color were raised to the average incomes of whites, total U.S. earnings would increase by 12%, representing nearly $1 trillion today.
People of color make up 37% of the working age population now, but they are projected to grow to 46% by 2030, and 55% by 2050. Closing the earnings gap by 2030 would increase GDP by 16%.
philanthropic support for communities of color
Less than 8% of philanthropic support goes towards investing in communities of color.
Decolonizing Wealth aims to drive a national conversation to help close this gap and advance racial and economic equity.
Together, we will transform how money is used by philanthropy and finance to better serve the needs of Indigenous people and communities of color.
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All net proceeds generated from sales of the book will support the Generation Indigenous Fund, a Native-led fund created by Native Americans in Philanthropy that empowers Indigenous youth.
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