Corporations Become Unlikely Financiers of Racial Equity

Wednesday, March 17, 2021

TPI's Managing Partner Leslie Pine was quoted in an article in the Chronicle of Philanthropy, published in partnership with the Associated Press, about the recent rise in corporate giving to racial equity causes: Corporations Become Unlikely Financiers of Racial Equity.

Philanthropy has important roles to play in furthering DEI goals and supporting efforts to eliminate differential outcomes by race in education, employment, healthcare, housing, criminal justice, and other systems where systemic racism resides. In many ways, the business sector is leading the way through corporate philanthropy and other significant investments in internal DEI work and external efforts to address systemic racism. Much of TPI’s work with corporate clients and other funders has a strong emphasis on equity and social justice. This work is complex and calls for a range of strategies and approaches, including persistence. When asked about measuring the success of corporate philanthropy, the results of which can take years, Ms. Pine said, “If the emphasis is on addressing the root causes of racial inequities and eliminating differential outcomes, those things don’t change overnight.”

Read the full article here.