The NAACP has announced the launch of NAACP Capital, a new fund of funds aimed at empowering fund managers and startups focused on closing gaps facing communities of color. Developed in collaboration with Kapor Capital, Kapor Center, and nine venture fund managers, the fund seeks to raise $200 million to reshape the innovation and investment landscape. Driving Impact Through Inclusive Investing The initiative is part of the #KeepAdvancing campaign, a modernized approach to civic engagement aimed at building a more inclusive economy. “Investment is the backbone of impact, and impact
Black borrowers have been disproportionately impacted by the Supreme Court’s decision to block President Biden’s student loan forgiveness plan in June. NAACP President and CEO Derrick Johnson said the decision “is a clear disregard for what millions of Americans need – especially Black Americans.” The Forgiveness Plan Last year, President Biden announced a plan to deliver up to $20,000 in student debt relief to over 40 million borrowers. Borrowers who made less than $125,000 a year in 2020 and 2021 were eligible. It also would have wiped away $10,000 for eligible borrowers
The Kapor Center and the NAACP recently shared the findings of their research on the state of diversity in the tech ecosystem. From PreK-12 education to tech venture capital, Black people must overcome various challenges to progress through their careers. The research examined Black experiences at each stage of the Leaky Tech Pipeline, providing insights into the steps we need to take to ensure Black folk can thrive in tech. The leaky tech pipeline PreK-12 For Black students in the PreK-12 educational system, socio-economic disparities and a lack of access to
