San Diego Leaders Launch Black Community Investment Fund and Announce Dr. Wilma Wooten Courage Scholarship
On Thursday, September 24, a coalition of San Diego leaders, including Donna DeBerry, President & CEO of the Central San Diego Black Chamber of Commerce; Nathan Fletcher, San Diego County Supervisor; Mitch Mitchell, SDG&E Vice President of State Governmental Affairs and External Affairs; and Mark Stuart, President & CEO of The San Diego Foundation, announced the creation of the Black Community Investment Fund at The San Diego Foundation.
The Black Community Investment Fund, which is seeded with a $1 million commitment from The San Diego Foundation, $250,000 from San Diego Gas & Electric, $75,000 from Wells Fargo and $25,000 from Cox Communications, will prioritize and invest in community-led, innovative efforts that increase racial equity and generational wealth for Black San Diegans. Grantmaking will focus on four key pillars impacting economic prosperity among Black San Diegans – education, employment, housing and entrepreneurism.
“All San Diegans should have the opportunity to fulfill their highest potential, yet COVID-19 and the events of 2020 have deepened the racial inequities that exist in our community and nation,” shared Mark Stuart, President & CEO of The San Diego Foundation. “By co-creating the Black Community Investment Fund, The San Diego Foundation is taking an intentional, sustained approach toward racial equity in the region so every San Diegan can thrive, prosper and feel like they belong.” READ MORE