The Power of Black Philanthropy and Business: Building Wealth, Impact, and Community
The Power of Black Philanthropy and Business: Building Wealth, Impact, and Community
Philanthropy is not about money; it’s about feeling the pain of others and caring enough about their needs to help.” — Timothy Pina
What is Philanthropy?
When we talk about philanthropy, we’re really talking about giving back—using what we have to make our communities stronger, healthier, and more vibrant. In simple terms, philanthropy is all about generosity. It’s about sharing time, money, skills, or anything else that can help others. Historically, philanthropy has been the backbone of progress, especially in the Black community. From helping to build schools and churches to supporting social movements, our acts of giving have always been about lifting each other up and paving the way for a better tomorrow.
The Legacy of Black Philanthropy: More Than Just Giving
In the past, Black philanthropy wasn’t just about wealthy donors writing big checks. It was about everyday people pooling their resources to support causes that mattered to them. Our ancestors understood that true power lies in unity and collective action. They knew that by coming together, they could forge a way, create opportunities where none existed before, and chart a better path forward.
For example, in the early 20th century, African American communities rallied to build schools and colleges when no one else would. These ordinary folks might not have had much, but they gave what they could because they believed in the power of education to transform lives.
They passed this spirit of giving down through the generations. Whether donating to a local church, volunteering at a community center, or supporting a nonprofit like Vivian’s Door, Black philanthropy has always been about more than just money—it’s been about investing in our future and being on the journey to a better place for all.
Here are a couple of examples of folks who led black philanthropic efforts in the past.
The first one that comes to mind is Maggie Lena Walker, the first Black woman to charter a bank and serve as its president in the United States. Born on July 15, 1864, she used her wealth and influence to support Black-owned businesses, promote education, and provide housing for those in need. Her philanthropic efforts helped build a stronger, more self-sufficient Black community in Richmond, Virginia, improving the way of life of fellow African Americans. She was also heavily involved in several nonprofit organizations which served the community; they include the NAACP, the National Association of Colored Women, the United Order of Tents (the oldest benefit society for black women – the organization helped care for sick and elderly black folks, bury the dead and give loans to members when banks refused them loans in the United States), and the National Negro Business League. She passed away on December 15, 1934, but her legacy lives on through the institutions she founded.
Next is the inspiring story of Mary McLeod Bethune, which warms the heart. A humanitarian, philanthropist, civil rights activist, and womanist, in 1904, she founded the Daytona Educational and Industrial Training School for Negro Girls. Starting with just $11.00, five girls, and a passion for education. Enrollment in her school exceeded 250 girls within two years – a testament to her dedication, determination, and commitment to serving her community by teaching young minds. Bethune relied on the generosity of the Black community to build what eventually became Bethune-Cookman University, which still exists today. Every day, people supported her vision; they believed in the power of education and knew that investing in young Black women would uplift the entire community. She also founded the National Council of Negro Women in 1935. Mary was also instrumental in establishing the first Black hospital for people of color after seeing the neglect a female student suffered. The hospital saved many black lives all through the twenty years it was in operation.
Why Support Nonprofits Like Vivian’s Door?
Let’s discuss why supporting nonprofits like Vivian’s Door is essential. Nonprofits play a crucial role in our communities by addressing needs that might otherwise go unmet, needs that the larger community sometimes places at the bottom of their priority list, and needs that ordinary people take a ‘see something, do something’ approach to. At Vivian’s Door, we’re dedicated to empowering Black business owners to achieve tremendous success, fostering entrepreneurship, promoting economic equity, and creating generational wealth in our communities. But we can’t do it alone. We need the support of people like you—people who believe in the power of community and the importance of giving back.
When you give to Vivian’s Door, you’re not just donating; you’re investing in the future of Black businesses. Your support helps us provide resources, training, and opportunities that small business owners need to thrive. It allows us to advocate for policies that promote economic justice and create a more level playing field. Most importantly, it helps us continue the legacy of Black philanthropy by empowering the next generation of entrepreneurs.
Unleashing the Power of Black Philanthropy and Business
As we celebrate Black Philanthropy and Black Business Month this August, we’re not just marking a moment on the calendar. We’re calling on our community to step up and be a part of something bigger. We’re asking you to join us in unleashing the power of Black philanthropy and business to build wealth, impact, and community.
Imagine what we can achieve by combining our resources, talents, and passions. By supporting Black-owned businesses and giving to causes that uplift our community, we can create a ripple effect that transforms lives and builds generational wealth. This journey together is about more than just surviving—it’s about thriving. It’s about having stickability, creating a legacy that lasts.
How You Can Make a Difference
So, how can you get involved? Start by supporting Black-owned businesses in your area. Shop Local, spread the word, and make conscious choices about where you spend your money. Next, consider donating to Vivian’s Door. Your contribution, no matter how big or small, helps us continue our work and expand our impact.
Finally, share your story. Whether you’re a business owner, a supporter, or someone who believes in the power of giving, your voice matters. Inspire others to get involved and show them we can make a difference together.
Conclusion: Together, We Rise
Philanthropy and business are two sides of the same coin. Both are about making a difference, creating opportunities, and building a better future. This August, honor our rich tradition of giving and entrepreneurship by coming together to support the most important causes. This quote by Coretta Scott King sums it up perfectly – “The greatness of a community is most accurately measured by the compassionate actions of its members.” Our community rises with every donation.
Let’s continue to build, thrive, and uplift—together. Click here to give!
When we lift each other up, we all rise. Let’s make this month one of action, impact, and community. Together, we can unleash the full power of Black philanthropy and business, creating a legacy of wealth, opportunity, and change that will resonate for generations.
Thank you for being on this journey with us.
