THE ECONOMIC GAP – THE BLACK UNDERCLASS – THE ASSASSINATION OF THE BLACK MALE – IS THERE HOPE? Versus AFRICAN-AMERICANS IN THE MONEY – BLACK MEN AND WOMEN NOW HEAD SOME OF THE LARGEST AND OLDEST FOUNDATIONS AND COLLECTIVELY MANAGE BILLIONS OF DOLLARS IN ASSETS AND GRANTS :
IT WAS INDICATED:
“FOR GENERATIONS, AFRICAN-AMERICANS WERE CONFINED TO THE LOWER RUNGS OF PHILANTHROPIC FOUNDATIONS AND WERE PERCEIVED IN GENERAL, AS RECEIVERS RATHER THAN GIVERS OF MAJOR GIFTS AND GRANTS BUT SINCE FRANKLIN A. THOMAS, WAS NAMED HEAD OF THE FORD FOUNDATION IN 1979, THERE HAVE BEEN SIGNIFICANT CHANGES AT ALL LEVELS OF THE PHILANTHROPIC WORLD,
AND BLACK MEN AND WOMEN NOW HEAD SOME OF THE LARGEST AND OLDEST FOUNDATIONS AND COLLECTIVELY MANAGE BILLIONS OF DOLLARS IN ASSETS AND GRANTS.
“Steven a. Minter, president and executive director of the Cleveland Foundation, the oldest and second largest community foundation in America – manages $1.6 billion
Donald M. Stewart, President and CEO of the Chicago Community Trust, manages more than $1.3 billion in assets and $41.2 million grants. Before joining the trust in 2000, Stewart was president and ceo of the college board and former president of Spellman College. He earned a doctor of public administration degree from Harvard University.
William E. Trueheart, manages $548 million. He holds a doctorate in education and served as president and ceo of Reading Is Fundamental, Inc.
Emmett d. Carson manages $543 million. He holds a doctorate in public and international affairs from Princeton University.
Blenda J. Wilson, manages $484 million. First president and ceo of the Nellie Mae Foundation established in 1998 that dispenses grants totaling about $10 million in 2001. She holds a doctorate in higher education administration from Boston College and is the former president of California State University, Northridge.
Stacey H. Davis, manages $273 million and is president and ceo of the Washington, D.C. based Fannie Mae Foundation. She joined Fannie Mae after a career as an investment banker.
Sybil Jordan Hampton manages $161 million and is president of the Winthrop Rockefeller Foundation in Little Rock, Arkansas. She holds a doctorate in higher education.
Paula A. Banks manages $87 million and is president of the BP Foundation. She is senior vice president, social strategy & policy at BP and splits her time between Chicago and London. SHE JOINED BP AFTER SERVING AS PRESIDENT OF THE SEARS ROEBUCK FOUNDATION FOR MORE THAN 24 YEARS.
Fortune Magazine, September, 2001, “The 40 Richest Americans Under 40″:
IT WAS INDICATED:
“WAIT JUST A MINUTE, YOU SAY. HAVEN’T CELEBRITIES ALWAYS BEEN WAY RICHER THAN THE REST OF US?
P-DIDDY , jJAY Z, AND OTHER BLACK MALE HIP HOP RAPPERS AND CEOs OF CLOTHING, (HIP HOP BAGGY PANTS, ETC.) ! … AND THE LIST GOES ON !