August marks Black Philanthropy Month, a vital initiative launched in 2011 to champion funding equity and uplift philanthropic efforts within communities of African descent. This focus is more critical than ever, as the percentage of funding directed towards Black charities has decreased by over 30% since the surge in giving that followed George Floyd's death.

In Part One of this two-part series, we'll dive into the fundamentals of philanthropy from the perspective of non-profit leaders. We'll explore the "5 T's of philanthropy" and discuss effective funding strategies designed to build a sustainable organization. You'll also get an introduction to the Minnesota Black Collective Foundation.