Nexus Community Partners in St. Paul and NDN Collective in Rapid City, S.D., will help design and operate grant programs for Black and Native Americans.
Foundation Targets $100 Million at Wealth Gaps
April 6, 2021
The Bush Foundation will seed two community trust funds with $100 million to address wealth disparities caused by “historic racial injustice” and commit $50 million through regular grantmaking programs to address “systemic issues that perpetuate racial wealth gaps.”
The St. Paul, Minn.-based foundation will directly invest in Black and Native American communities across its region through grants to individuals in an effort to build stability and generational wealth by “improving access to opportunities such as education, homeownership and entrepreneurship.”
The Bush Foundation was established in 1953 by 3M executive Archibald Bush and his wife, Edythe. The foundation, led by president Jennifer Ford Reedy since 2012, invests in Minnesota, North Dakota, South Dakota and 23 Native nations.
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