Giving Compass' Take:
- Garnesha Ezediaro, who leads Bloomberg Philanthropies’ Greenwood Initiative, discusses the importance of philanthropic investment in Black communities.
- How can individual donors help address racial wealth inequities?
- Learn more about how funders can approach the racial wealth gap at the regional level.
What is Giving Compass?
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Garnesha Ezediaro leads Bloomberg Philanthropies’ Greenwood Initiative, an effort to accelerate the pace of wealth accumulation for Black individuals and families and address systemic underinvestment in Black communities.
Ezediaro has worked across the public, private, and philanthropic sectors to design, direct, and scale mission-focused programs, brands, and content that inspire change. She previously served as a senior program officer for the Government Innovation program at Bloomberg Philanthropies and also led global leadership development programs at Verizon Media, delivering training and targeted development programs for over 12,000 employees. Prior to that, she was the communications director for New Orleans mayor Mitch Landrieu and director of marketing at Brick City Development Corporation in Newark, New Jersey, under the leadership of former mayor Cory Booker.
Philanthropy News Digest asked Ezediaro about the long-lasting effects racism and violence have had on the Black community’s ability to achieve generational wealth and its impact on Black philanthropy, how Bloomberg Philanthropies’ Greenwood Initiative seeks to address racial wealth inequities, the initiative’s mission of reducing wealth disparities in Black communities, its investments and plans for future funding, Ezediaro’s role in the decision-making process, her background working in government innovation and communications and marketing for the mayors of two large urban cities, and her experiences discussing economic mobility for the Black workforce and closing wealth gaps.
Philanthropy News Digest: The 1921 Tulsa Race Massacre that occurred in the neighborhood of Greenwood, once known as “Black Wall Street,” took hundreds of lives and stymied the growth of wealth proliferation in the Black community. What impact do you think it also had on Black philanthropy?
Garnesha Ezediaro: Throughout U.S. history, deep-seated racism and violence have shown up and disrupted thriving Black communities. A horrific event like the Tulsa Race Massacre not only immediately robs a neighborhood of life but simultaneously seizes invaluable community assets. In order to recover from such tragedy and to respond to the persisting inequity in housing, health care, education, and employment, Black communities donate their time, talent, and treasures.
Read the full article about investing in Black communities by Lauren Brathwaite at PhilanTopic.