The grants are part of the bank’s overall $116 million commitment to addressing social and economic inequities.
“This emphasis on closing racial gaps is consistent with our ongoing allocation and investment strategy,” says William Carson, vice president of the community arm.
He says the grants are intended to provide “immediate funding” in the wake of COVID-19 to Black communities.
Some 15 partners will receive grants from $50,000 to $100,000, whilst the African American Alliance will receive $150,000.
