March 01, 2014
Ten foundations have announced that they will invest at least $200 million over five years as part of My Brother’s Keeper, a White House initiative to expand opportunity for boys and young men of color.
Each of the ten foundations – the California Endowment, Atlantic and Bloomberg philanthropies, and the Annie E. Casey, Ford, Knight, Robert Wood Johnson, Kellogg, and Open Society foundations, along with the Kapor Center for Social Impact — has pledged $750,000 to fund the initial work. Many also are members of the Executives’ Alliance to Expand Opportunities for Boys and Men of Color, a coalition of funders committed to leveraging philanthropy’s role in improving life outcomes for boys and men of color. The $200 million in new commitments is in addition to programmatic investments totaling some $150 million that the foundations have already made.