DIVERSITY AND RACIAL & ETHNIC INCLUSION
As a $300 billion plus industry, private philanthropy has been relatively able to fly under political radar screens over recent decades. More recently, large private foundations have been questioned around the distribution of their resources. In recent years, political debate has raged on around the need to broaden the spread of philanthropic dollars to communities of color.
The idea of diversity in philanthropy has also been widely discussed with respect to the composition of foundation leaders and boards, along with the demographics of vendors. The corporate sector has long developed diversity strategies from marketing to various demographic groups to supplier diversity programs to human resource attempts to vary the composition of staff. Diversity strategies and benchmarks have been relatively common in some companies and industries. However, philanthropy has been working to “catch-up” in this respect.