Black Philanthropy Conference Taps into the Collective Wealth Of the Black Middle Class in New England.Business Editors BOSTON--(BUSINESS WIRE)--May 22, 2000 "As a group, Black people have always been philanthropic. Today, there is significant economic strength in the Black community to give more than ever before. This Black Philanthropy Conference represents an excellent opportunity for convenors to strategize how to use this power to make a strong impact on our community investments," said Michele Courton Brown, President of the FleetBoston Financial FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were given the Bank of America logo. Foundation, in explaining the reasons for the historic gathering from June 4-6 at the Boston Marriott at Copley Place Copley Place is an enclosed shopping mall located in the Back Bay section of Boston, Massachusetts. It is part of a complex that includes office buildings, two hotels, and a parking garage. . Titled Building on the Legacy of Black Giving, the first New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Conference on Black Philanthropy aims to increase giving by Black Americans, highlight benefits of investing in community-based Black institutions and programs and encourage Black professionals to become more involved in the field of philanthropy as donors, grant makers, board members and fund raisers. The New England conference stems from a national movement meant to encourage and cultivate Black philanthropy. Like its national predecessors in Philadelphia in 1997 and Oakland in 1999, the New England conference is designed to attract individual donors, fund raisers, grant makers, nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. executives and church leaders. A New Wealth Among African-Americans While black giving is not new, the wealth in New England's emerging Black middle-class community is a recent phenomenon. In metropolitan Boston, household income for Blacks rose 40.2 percent during the decade, the fastest growing urban Black population in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , according to a report released by economist Barry Bluestone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. . "The challenge for social service agencies and community foundations is to develop fund raising strategies to identify and cultivate this new wealth among Blacks," said Ron Ancrum, Senior Consultant with Third Sector New England Third Sector New England (or TSNE) is a 501(c)(3) organization based in Boston, Massachusetts that strives to strengthen nonprofit organizations and the communities they serve. , a co-convenor of the conference. Groups such as the African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. Federation of Greater Boston and the United Black & Brown Fund of Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. are working to meet this challenge through self-help and community capacity building efforts and by promoting equity access and board participation of minorities in philanthropy. New Ways of Giving Another challenge is to encourage Black people with more discretionary income Discretionary Income The amount of an individual's income available for spending after the essentials have been taken care of. Notes: Essentials are things like food, clothing, and shelter. to go beyond traditional giving through churches or to civic and social organizations and look to trusts, foundations, funds, and financial and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the as vehicles for more effective giving. For example, in 1969 community activist Ruth Batson of Boston founded the Ruth M. Batson Educational Foundation "to help improve the quality of education and to expand educational opportunities for those who have been relegated to a disadvantaged category because of discrimination." In its first 20 years the Foundation made over 160 grants totaling nearly $130,000 to Black college students and Black institutions and community groups. The former Red Sox player Mo Vaughn has established a foundation and regularly contributes to the youth center bearing his name on Blue Hill Avenue in Dorchester, and Donna Harris Lewis heads the foundation named for her late husband and Celtics player Reggie Lewis. A Rich History of Caring and Sharing Nationally, Black philanthropy dates back to 1787 with the first recorded African-American mutual aid organization called the Free African Society The Free African Society (FAS) was a non-denominational community formed on April 2, 1787 in Philadelphia by Richard Allen, Absalom Jones and many others for the benefit of African-Americans released from slavery. . Organized in Philadelphia by Richard Allen, founder of the African Methodist Episcopal Church African Methodist Episcopal Church, Methodist denomination (see Methodism). It was established in 1816 in Philadelphia with Richard Allen as its first bishop. In 1991 there were about 3.5 million members in the United States. and Absalom Jones, founder of the African Protestant Episcopal Church Protestant Episcopal Church: see Episcopal Church. , its mission was to improve social and economic conditions in the Black community. In Boston, groups formed in the 1700s and 1800s such as the Prince Hall African Masonic Lodge, the African Society for Mutual Aid and Charity and United Daughters of Zion built the foundation of philanthropic giving. "Here in Boston, African-American philanthropy has been addressing the basic needs of Black families for more than 200 years. They've done this through mutual support organizations created and run by African-Americans, through hundreds of churches with missions broader than many social service agencies, and through the thousands of families that have raised other people's children as their own - and who have always had a little something to give to the people next door, " said Anna Faith Jones, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Boston Foundation. Giving an historical perspective she explains, "Since its founding in 1915, The Boston Foundation has supported the struggle for freedom and equality in Boston, funding organizations like Freedom House, the Urban League, the Black Church Project and the Partnership, always drawing on the Black community for leadership. In recent years, the Boston Foundation has become a repository as well for funds established by Black Bostonians such as Joan Wallace Benjamin and the Muriel and Otto Snowden Fund for Freedom House." Special Free Sunday Session for Youth To help attract young Black professionals to the field of philanthropy, the Sunday, June 4 seminar "Avocations and Vocations for Young Professionals" from 3:30-5:30 p.m. and the following reception will be free of charge. Klare Shaw, Executive Director of the Boston Globe Foundation, will moderate. Building on the Legacy of Black Giving To register for the New England Conference on Black Philanthropy, log onto: ww w.blackgiving.org, call 617-523-6565 or 617-523-2841. E-mail to neconf_blackph ilanthropy@tsne.org. "Building on the Legacy of Black Giving" The New England Conference on Black Philanthropy June 4-6, 2000 Boston Marriott, Copley Place Speakers & Moderators: The conference will feature key decision makers including Anna Faith Jones, President of the Boston Foundation; Michele Courton Brown, President of the FleetBoston Financial Foundation; Hugh B. Price, President of the National Urban League; Doctor Emmett Carson, President of the Minneapolis Foundation; Dr. Robert M. Franklin, President Interdenominational Theological Center The Interdenominational Theological Center (ITC) is a consortium of denominational seminaries founded in 1958 through the mutual efforts of four denominations, representing four seminaries, whose mission is to educate Christian leaders for ministry and service in the Church ; Rodney Jackson, President, National Center for Black Philanthropy; and Ricardo Millet, Ph.D., Director of Evaluation, The Kellogg Foundation. Convenors: The conference stems from a successful and unique regional partnership that brings together corporations, foundations, donors, non-profits, community-based and grass roots organizations. The gathering is presented by the African American Federation Of Greater Boston, Dimock Community Health Center, Giving New England, Third Sector New England and the United Black & Brown Fund of Rhode Island in association with the National Center for Black Philanthropy. Sponsors To Date: "Building on the Legacy of Black Giving" is sponsored by The Boston Foundation, Fleet Boston Financial, Fidelity Investments, Bell Atlantic, The Hyams Foundation, Phoenix Home Life Mutual Insurance Company, Rhode Island Community Foundation, the Hartford Foundation For Public Giving State Street Global Advisors, The Boston Globe Foundation, John Hancock Financial Services, Mellon New England, The United Way of Massachusetts Bay, The Ruth Batson Educational Fund, Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. Of Massachusetts Women in Development, National Society of Fund Raising Executives, Massachusetts Chapter, Maine Community Fund, Haymarket People's Fund, The Philanthropic Initiative, the New Hampshire Charitable Foundation The New Hampshire Charitable Foundation was established in 1962 as a community foundation and tax-exempt 501(c)(3) public charity. It is one of the United States' largest community foundations and was formed to build social capital by making grants that advance charitable , and the Foley, Hoag & Eliot Foundation. |
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