On May 20, Houston Mayor Sylvester Turner, accompanied by a group of business executives and civic thought leaders, has rolled out the Houston Fund for Social Justice and Economic Equity.
The philanthropic organization was founded to ensure equal opportunities for African-American communities, a talking point that has become increasingly popular after the murder of George Floyd.
“This is a critical time for our city and country, and it is imperative that we come together and address systemic problems in the Black community. While Houston has deep philanthropic roots, this Fund is the first of its kind in our city, and we will build a movement that makes Houston a national leader in opportunity and equality,” said Mayor Turner.
The Fund strives to improve social and economic equalities by empowering economic development initiatives and investing resources in grassroots nonprofit organizations. These efforts are hoped to help reduce economic inequality in the city.
“The murder of George Floyd highlighted the urgent need to increase support of initiatives that positively impact the Black community. Houston is a city of immeasurable talent, heart, and opportunity, and all of us are dedicated to being part of the solution,” said Stephanie Nellons-Paige, Board Secretary and Interim Executive Director.
“There are too many disparities in education, economic advancement and equal opportunities in our community, and we will not rest until we have successfully changed this narrative,” said Board President Thomas Jones.
The Greater Houston Community Foundation (GHCF) will manage the fund but as a nonprofit organization with administrative staff to facilitate its charitable purposes.