Echoing Green Announces $2.5 Million Commitment from Comcast NBCUniversal to Advance Racial Equity
Echoing Green announced today a $2.5 million commitment from Comcast NBCUniversal to the organization’s $50M Racial Equity Philanthropic Fund. The investment marks the largest corporate contribution to the Fund to date. Echoing Green is a global nonprofit leading the way to enhance social innovation by finding, supporting, and connecting emerging social entrepreneurs. With this investment from Comcast, Echoing Green will launch programming that enables leaders working to dismantle structural racism and build inclusive economies.
The Comcast NBCUniversal partnership will help sustain the work needed to explicitly address the compounding impacts of racial bias. By leveraging social innovation as an additional approach in the racial justice movement, Echoing Green will mobilize next-generation solutions with the power to disrupt structural racism and oppression with the urgency it requires.
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“Echoing Green launched its Racial Equity Philanthropic Fund with a mission to support lasting change through social innovation, which is directly in line with our philanthropic goals,” said Dalila Wilson-Scott, Executive Vice President and Chief Diversity Officer at Comcast. “Comcast is committed to championing this critical work, and we view this partnership with Echoing Green as a fundamental part of our efforts to advance greater equity for all.”
Beginning in 2021, the Fund will invest in emerging and established social innovators focused on advancing racial equity outcomes and will enable the field to disrupt systemic bias globally.
Over the next three years, the Echoing Green Racial Equity Philanthropic Fund will:
- Support 500 social enterprises whose work is focused on racial equity.
- Build new onramps to social innovation opportunities by delivering trainings and programming to 5,000 emerging leaders.
- Engage 10,000 corporate employees, including those at Comcast to support social innovation.
- Provide programming to advise social entrepreneurs on their business challenges and programming featuring the expertise of innovators who are leading efforts to dismantle inequitable systems.
In addition, Comcast’s partnership will assist Echoing Green with providing funding to its alumni organizations who are working on the frontlines of the racial justice movement, creating a critical opportunity to scale their work.