October 7, 2022

Black Economic Alliance Foundation Partners With Deloitte To Bridge The Racial Wealth Gap

National non-profit organization Black Economic Alliance Foundation has partnered with Deloitte to promote financial inclusion. 

What is financial inclusion? 

Financial inclusion allows people of color access to financial services and systems that will better enhance their economic status. Financial inclusion is the bridge between economic opportunities and the racial wealth gap. The more access underrepresented families have to financial services, the easier it will be to help close the racial wealth gap. 

Deloitte’s partnership with the Black Economic Alliance Foundation

Deloitte has committed $10 million over the next five years to help support the Black Economic Alliance Foundation’s initiatives which aim to provide meaningful investment and philanthropic programs to Black people to help bridge the racial wealth gap. 

“The Black Economic Alliance Foundation is advancing a new, more equitable economic infrastructure, and we are grateful to Deloitte for its resources to support our efforts.”

“This collaboration with Deloitte will help us develop meaningful investment and philanthropic programs, lead impactful research, and elevate understanding of the inextricable link between the health of the Black economy and the entire American economy.” 

Deloitte has selected specific organizations to partner with and investments that evoke change and deliver the impact, innovation, and ability needed to advance equity within the Black community. 

Kumba Kpakima

Kumba Kpakima is a reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.