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Black Community Investment Fund Celebrates 2-Year Anniversary

More people in the Black community can buy homes. Black students are receiving critical financial and academic assistance for college and career success. Others are starting their own businesses or receiving the work training needed to pursue new, high-paying jobs.

Over the last two years, strides like these were made possible by the launch of the San Diego Foundation Black Community Investment Fund (BCIF).

Community-Led Work

The fund was created after COVID-19 and the racial reckoning of 2020 revealed the impacts of systemic racism, especially as it impacts Black communities. For example, San Diego County’s Black community has the highest poverty rate (21%) of any group in the region. Statistics like these drove SDF to work with the County and San Diego Black Chamber of Commerce to start the fund.

BCIF follows four core pillars of grantmaking – education, entrepreneurship, employment and housing – all chosen and defined by the BCIF Advisory Council.  Since its start, BCIF has granted more than $3.3 million to Black San Diegans.

Making an Impact

How has BCIF begun to move the needle on housing, entrepreneurship, employment and education?

Crucial Funders

However, none of this work would be possible without the crucial help of donors and funders.

To launch BCIF, SDF received seed funding from partners like San Diego Gas & Electric, Wells Fargo Bank and Cox Communications, with Bank of America also contributing this past year. Together, their contributions have helped make a change in our community by increasing racial equity and building generational wealth for Black San Diegans.

There is still work left to do to achieve the SDF vision of just, equitable and resilient communities. To learn how you can support racial and social justice in the San Diego region or to donate, visit the BCIF webpage.

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