Beyond the Holiday Hustle: How Philanthropy Can Move More Money, Now

  • Opinion

Dec 16, 2020 Common Future

On meeting the moment that we’re in. We’re asking to #MoveMoneyNow.

t’s hard to overstate how much was and continues to be at stake this year. Nine months in, most Americans are still battling the direct and indirect consequences of COVID-19. Even with the promising news of a vaccine, we are still heading into“the most difficult time in the public health history of this nation.” There is no question that the pandemic continues to disproportionately devastate communities of color, the vaccine distribution will be no different. The convergence of the health, economic, and racial justice crises of 2020 has exacerbated unprecedented problems that will be felt for years.

While $12B was pledged globally within the first half of the year to fight COVID-19, little is known about where the money has gone and how it will be used. Further, the lion’s share of funding has been restricted to project-based support and only 5% of the total funding was publicly disclosed as being earmarked for BIPOC communities. In response to the Movement for Black Lives, marching statements made their rounds, and billions have been pledged towards advancing racial justice across sectors. Shifting out of neutral and into high gear by taking action in order to advance racial justice, and centering the health and wellbeing of communities of color, is only the first step.

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