Why We Support This Work
The global COVID-19 pandemic has exposed deep racial and socioeconomic disparities and inequalities that take a disproportionate toll on Black, Indigenous, Latinx, and Asian people. In this context, we identified an opportunity to improve the critical systems that individuals and communities need to thrive. We issued $125 million in social bonds to fund a one-time set of grants that support an equitable recovery by addressing the twin pandemics of COVID-19 and structural racism.
What We Are Doing
An initial $43 million of the bond proceeds was deployed to fund urgent recovery work addressing systemic inequalities, discrimination, and racism in America, including election mobilization and protection strategies.