Donors of Color Network is mandating that political parties broaden their diversity and invest more in communities of color to qualify for funding.
A network of wealthy contributors from various racial and cultural backgrounds has promised to support only political parties who make specific commitments to diversify their top leadership and increase funding for people of color.
For political action committees and other organizations to receive funding from the Donors of Color Network’s (c)(4) arm, Donors of Color Action, the organization, which goes by the name of the Donors of Color Network, announced on Friday that it would be releasing a set of inclusion principles. They consist of hiring people of color for senior-level roles, allocating at least 30% of their annual budget to communities of color, and providing annual reports. reporting on diversity and recruiting Latino and African American consultants.
Akunna Cook, the senior adviser to the Donors of Color Network, stated, “We’re hoping that by influencing all of these organizations, both through contributors of color colorcolororganizations but also through white donors, that the party itself would see how vital diversity is to engaging a critical part of its base.” “We are aware that without the participation of people of color, the Democratic Party cannot win.”
The network’s values have received support from The Collective PAC as well as several minority-led groups like the NAACP, Latino Victory Fund, and AAPI Victory Fund. They have also been approved by the Democratic Legislative Campaign Committee.
To give to progressive organizations of color, donors with the network hope to raise $10 million in the upcoming year. Reps said they are on schedule to by the election in November, earn $5 million.
Co-founder of the Donors of Color Network Ashindi Maxton claimed that the group has experienced “new energy” from both devoted supporters and white philanthropists who wish to give more as a result of the nation’s heightened focus on racial issues.
“What should we do? Our donors are asking. Additionally, we are getting a lot of advice on what to do from white charitable organizations and color organizations, she added. She continued, “We are interested in structural reform, which is consistent with the current demands of the people on the street.”
According to a study of ActBlue data conducted by the Collective PAC and Three, a Latino-owned technology company, black and Latino contributors contributed a total of $68 million in big and small donations to presidential candidates in 2019. Although, top Data from the liberal think group Demos show that funders are still predominantly white and male.
At the organizational level, the pattern is similar: despite their big donations, prominent political donors hardly ever develop racial or ethnically diverse networks since so few people of color organizations hold leadership positions in foundations or charitable organizations.
The Donors of Color Network’s members and advisors believe that by linking financial support to adherence to their beliefs, more money will be invested in promoting diversity in politics.
According to Sharon Chen, a donor with the Donors of Color Network, “we must use the levers of power we have, including and especially our financial power, to address the systemic concerns plaguing communities of color.” “By allocating resources to uncover the truth, these calls for policies that represent our priorities and better accountability aim to develop long-lasting political influence in 2020 and beyond.
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