Did you know that black philanthropy has roots in the 19th century? As Harriet Tubman led thousands of slaves to freedom in the Underground Railroad, her success was largely due to black charitable giving. Volunteers, mutual aid societies, Quakers and other groups joined together to donate money, shelter, food, and supplies along the way to ensure a successful operation that spanned a decade. This form of collective philanthropy still exists in the form of a growing trend, called giving circles. A giving circle is a philanthropic vehicle in which individual donors pool their money and other resources and decide together where to give them away. Just as Tubman was a leader in spurring charitable giving then, philanthropist Darryl Lester is leading the charge in today’s African American giving circle movement.
“Giving circles are a resurgence of an old tradition of generosity and caring that is making an impact all across the country,” says Lester, president of HindSight Consulting, Inc., a research and development company that designs tools and services for institutions and communities. “They provide an opportunity for individuals to join others through collective charitable giving. There is something exciting about people pooling their resources and making joint decisions on how to give grants to improve life in their community.”
In 2003, Lester received a grant from the Ford Foundation and began work with young African American adults in the South to focus on how they engage and give back to their communities. For many of them, their intellectual and financial capital was undervalued. Along with the support of various sponsors, HindSight Consulting organized these individuals into giving circles to strategically invest their time, talent, and treasures back into their communities in an effort to address issues of race and equity.
Now, Lester has helped to form 11 African American giving circles that are members of the Community Investment Network, a resource he started to support and sustain giving circles. Interested in starting a giving circle? Here are some tips to get you started: Read complete story at Black Enterprise