August is a powerful month for the Black community, marked by the dual celebrations of Black Business Month and Black Philanthropy Month. These observances shine a spotlight on the significant contributions and enduring legacy of Black entrepreneurship and collective giving, which are vital forces driving social and economic progress.
Black Business Month: Championing Economic Empowerment
Black Business Month, established in 2004 by entrepreneurs Frederick E. Jordan and John William Templeton, is dedicated to recognizing the invaluable role of Black-owned businesses. These businesses have been essential to their communities, often serving as pillars of economic stability and cultural pride. Despite facing challenges like limited access to capital and systemic barriers, Black entrepreneurs have continued to innovate and succeed, contributing significantly to the nation's economy. Today, there are over 3.2 million Black-owned businesses in the U.S., employing more than 1.18 million people (Black Enterprise).
Supporting Black businesses during this month—and beyond—is crucial. It helps to close the wealth gap and provides these entrepreneurs with the resources they need to thrive. By making conscious choices to buy from Black-owned businesses, we contribute to building stronger, more resilient communities that can sustain growth for generations to come.
Black Philanthropy Month: The Power of Collective Giving
Launched in 2011 by Dr. Jackie Bouvier Copeland, Black Philanthropy Month is a global movement that celebrates the rich tradition of giving within Black communities. This month highlights the profound impact that philanthropy can have on addressing critical issues such as education, health disparities, and social justice. Historically, Black communities have always supported one another through collective giving, from small grassroots efforts to large-scale charitable organizations.
Philanthropy in the Black community is not just about financial donations; it’s about time, resources, and networks that are invested in driving change. By participating in Black Philanthropy Month, we can amplify these efforts, helping to close the racial wealth gap and ensure that Black-led initiatives receive the support they need to flourish (Brooklyn Org) (Black Philanthropy Month) (Support Black Charities) (Philanthropy Together).
Why These Celebrations Matter
Both Black Business Month and Black Philanthropy Month serve as reminders of the power of economic empowerment and collective action. They encourage us to not only recognize the achievements of Black entrepreneurs and philanthropists but also to take action—whether by supporting a Black-owned business, donating to a cause, or simply spreading awareness. Together, these efforts help build a more equitable society where everyone has the opportunity to succeed.
As we continue through August, let's celebrate these important milestones by taking meaningful steps to support Black businesses and philanthropy. Through our collective efforts, we can create lasting change that uplifts and empowers our communities.
|
Gloria M. Ware |
|
Gloria, Your Capital Copilot, steers GTB Advisors and Get The Bag with 30 years of financial mastery, driving financial empowerment for communities of color. An architect of Ohio's inclusive finance initiatives, she's your navigator through the complexities of capital acquisition and business growth. Gloria’s insights and strategies fuel financial inclusion and innovation, making her a sought-after speaker and advocate. With a passion for community building and a rich history in supporting diverse entrepreneurs, she blends expertise and empathy to guide your financial journey.
Book a FREE Call here to discover How We Can get your project funded
Sign up for our Newsletter to stay on top of all the Grants & Financial Tips we have to offer
|
