The Women’s Fund of Central Ohio Receives Grant from Goldman Sachs’ One Million Black Women Initiative
National Investment in New Enduring Progress Initiative
COLUMBUS, OH – The Women’s Fund of Central Ohio is the recipient of a grant from Goldman Sachs’ One Million Black Women initiative. Launched in partnership with Black women-led organizations, the One Million Black Women initiative is the largest commitment of its kind in size and scope to drive investment in housing, healthcare, access to capital, education, job creation and workforce advancement, digital connectivity, and financial health.
The One Million Black Women initiative conducted 17 listening sessions where they heard directly from Black women all over the country. One consistent theme was the need for funding support for non-profits, which led them to The Women’s Fund of Central Ohio.
This grant will fund The Women’s Fund’s Enduring Progress Initiative which addresses the systemic funding gap faced by non-profits and programs led by and for women of color. According to a recent report, less than half of one percent of philanthropic funding is directed to programs by and for women and girls of color, and in Ohio, they receive less than $0.05 per woman or girl of color. The Enduring Progress Initiative was created to meet this massive funding gap with courageous capital.
“We are honored that the Goldman Sachs’ One Million Black Women initiative has chosen to courageously invest in The Women’s Fund of Central Ohio’s Enduring Progress Initiative,” said Letha Pugh, Co-Founder of Bake Me Happy and a Women’s Fund of Central Ohio board member.“ Both initiatives recognize that Black women are at the foundation of our local and national economies and, thus, we must remove the unfair barriers they face in those economies so that they not only survive but thrive.”
With its national support, Goldman Sachs’ One Million Black Women initiative adds to the groundbreaking leadership investments provided by The Crane Group, Kaiser Consulting, The Columbus Foundation and The Women’s Fund of Central Ohio’s endowment fund as well as a growing list of individual donors.
“At this critical time in our history, central Ohio has an extraordinary opportunity to center the lived experiences of Black women in our economic development efforts,” stated Kelley Griesmer, President and CEO of The Women’s Fund of Central Ohio. “With this generous funding from Goldman Sachs’ One Million Women initiative as well as our other visionary investors, The Women’s Fund’s Enduring Progress Initiative will boldly place capital in the hands of women of color who must lead the way in creating an equitable future for our community.”
The Women’s Fund of Central Ohio is a public foundation whose mission is the transform the lives of women and girls by mobilizing the collective power and passion of all people working together. The Women’s Fund commissions groundbreaking research, advocates for equity, and invests in social change. To date, The Women’s Fund has awarded more than $4 million in grants to 300 central Ohio programs that advance gender equity and empower women and girls.