Bridgespan’s William Foster and Darren Isom Make the Case to Endow Black-Led Nonprofits

The following is a conversation between William Foster and Darren Isom of the Bridgespan Group, and Denver Frederick, the Host of The Business of Giving. The very first endowed chairs were established by the Roman emperor and Stoic philosopher, Marcus Aurelius, in Athens all the way back in 176 AD. He created one endowed chair for each of the major schools of philosophy. Today, nonprofit endowments are all too rare, especially for social change organizations led by people of color, whose endowments are nearly four times smaller than those of white-led organizations. This, according to a new Bridgespan Group analysis, and here from the Bridgespan Group to discuss it with us are William Foster and Darren Isom.