• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026
Politicsblack americans

The push for reparations for Black Americans just got a $20 million boost: ‘It takes the money to win’

By
Thalia Beaty
Thalia Beaty
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Thalia Beaty
Thalia Beaty
and
The Associated Press
The Associated Press
Down Arrow Button Icon
June 9, 2023, 3:00 PM ET
Founder and CEO of the Decolonizing Wealth Project, Edgar Villanueva, speaks during the Alight Align Arise conference on Wednesday, June 7, 2023, in Atlanta.
Founder and CEO of the Decolonizing Wealth Project, Edgar Villanueva, speaks during the Alight Align Arise conference on Wednesday, June 7, 2023, in Atlanta.Alex Slitz—AP Images
Add Fortune on Google for similar content.

The campaign to win reparations for Black Americans plans to bring broader support for smaller nonprofits advancing the cause, with a new philanthropic funding initiative announced Friday at the “Alight Align Arise” national conference in Atlanta.

Recommended Video

The Decolonizing Wealth Project, an organization dedicated to creating racial equity through education and “radical reparative giving,” is committing $20 million over five years to boost campaigns for reparations across the country, along with a research collaboration with Boston University to map reparation projects.

The project’s founder and CEO Edgar Villanueva announced the plans at the Atlanta gathering of advocates, including the writer Ta-Nehisi Coates, journalist Nikole Hannah-Jones and U.S. Rep. Jamaal Bowman, the Democratic congressman whose district represent parts of The Bronx and Westchester County in New York.

“The point of all of this for us is to elevate the issue and the opportunity for reparations and to resource these groups who have been doing this work, often for a little or no money, and it takes the money to win,” said Villanueva in an interview.

The nonprofit, which is fiscally sponsored by Allied Media Projects, has not yet fully funded the commitment but has brought in millions of dollars in unrestricted grants from the likes of the Ford Foundation and the John D. and Catherine T. MacArthur Foundation in recent years. That’s in addition to hundreds of thousands of dollars in donations from individuals to their reparations campaign fund supporting Black and Indigenous groups, called Liberated Capital, which the MacArthur Foundation supports.

Even before the police killing of George Floyd three years ago, institutions and municipalities began examining their own roles in systems that oppressed Black Americans, including slavery, redlining and gentrification. They also looked at policies impacting other communities of color.

Last year, Harvard University pledged $100 million to atone for its extensive ties with slavery. In 2021, the Minnesota-based Bush Foundation committed $100 million, which they raised through issuing emergency bonds during the pandemic, to address economic inequality in Black and Native American communities. Also in 2021, the city of Evanston, Illinois, launched a program to pay $10 million to facilitate home repairs or down payments for Black residents, the first of its kind in the U.S.

Civil rights lawyer and professor at the Harvard Kennedy School, Cornell William Brooks, has a quilt hanging in his office that was made from the clothing of his great-great grandfather, which he points to as just one measure of the present connection to the impact of slavery. His scholarship looks at the many ways the U.S. government compensates groups who have been harmed, though not yet Black Americans.

“The consequence of not having this reparations discourse and debate is that our history is being erased, and as importantly if not more importantly, literally people being robbed of what they earned,” Brooks said, referencing for example, Black World War II veterans who were unable to use the housing and education benefits of the G.I. Bill.

While overall, most Americans do not support reparations, younger people do, which both Brooks and Villanueva see as a sign of the strength of the movement.

“As the demands for reparations are increasing, we’re also seeing an attack on history,” Villanueva said, referencing efforts to ban books and change school curriculums to diminish references to reparations among other topics.

The Decolonizing Wealth Project will also fund research into what stories and arguments influence people to support reparations. They will likely point to previous payments made to groups of people, like Japanese Americans incarcerated during the Second World War or official apologies made by the U.S government for Native American boarding schools.

The price tag associated with proposed cash compensation has drawn skepticism, for example, in California where a reparations task force estimated the state is responsible for more than $500 billion in damages due to decades of overpolicing, mass incarceration and redlining. The state currently faces a projected $31.5 billion deficit.

The California commission voted last year that any compensation be limited to descendants of Black people living in the United States before the end of the 19th century and more recently, limited eligibility to people living in California for at least six months while certain discriminatory practices and policies were in effect.

Martin Gilens, a public policy professor at UCLA, said parameters that direct potential benefits to groups the wider population sees as deserving may help to win support for such initiatives. He wrote a book about how misconceptions that welfare disproportionately benefited Black people led to diminished support for those programs.

Reparations opponents argue that current taxpayers should not be responsible for damages for historical wrongs.

“It’s kind of a foreign concept to Americans, this idea of collective reparations for collective harms,” said Gilens.

Brooks, the professor and civil rights lawyer, argues the local campaigns run by nonprofits won’t be able to resolve the call for reparations, though they lay the groundwork for more comprehensive action.

“They are absolutely necessary in trying to ensure that the federal government and local governments, institutions, companies, communities do what they can for the harms that they in fact create.” Brooks said.

Some people see reparations as a handout that takes something away from them, which Rep. Bowman disputes.

“That’s not how our federal spending works and that’s not how this works,” he told The Associated Press. “It’s not taking from Peter to pay Paul.”

Will Cordery is a philanthropy consultant and directs the Reparative Action Fund at Satterberg Foundation, which supports the Decolonizing Wealth Project. In his experience, individuals and smaller family foundations have been much quicker to grapple with and support reparations than larger foundations, which are more bound by their missions and internal procedures.

He hopes that funding more nonprofits to work on reparations campaigns will mean in five years that more people understand that reparations is not just about handing over money but about healing past harms.

“How much more do we need in order to really have some reckoning?” Cordery said. “I hope that we have moved the narrative and thereby the support for repair in this country.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Thalia Beaty
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

U.S. Treasury Secretary Scott Bessent
EconomyDebt
AI’s $2.2 trillion deficit fix is already half fake, economists say
By Tristan BoveJuly 2, 2026
4 hours ago
m
Politicsfraud
Trump fights fraud by freezing funding for New York’s Medicaid Fraud Control Unit
By Ali Swenson, Geoff Mulvihill and The Associated PressJuly 2, 2026
4 hours ago
Anthropic CEO Dario Amodei
AIEye on AI
Anthropic’s Fable model is back. But U.S. AI policy is still a mess
By Jeremy KahnJuly 2, 2026
4 hours ago
t
PoliticsWhite House
Trump trots out the C-word — communism — not getting the memo that capitalism has been largely discredited with Gen Z
By Steven Sloan and The Associated PressJuly 2, 2026
4 hours ago
g
EnvironmentCalifornia
California bans ‘sell by’ labels to curb food waste and emissions
By Olga R. Rodriguez and The Associated PressJuly 2, 2026
4 hours ago
t
PoliticsWhite House
Trump visits new Teddy Roosevelt library in the badlands: ‘He had a freakin’ wild life’
By Jack Dura, Collin Binkley and The Associated PressJuly 2, 2026
5 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
2 days ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
8 days ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
1 day ago
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
Politics
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
1 day ago
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
Success
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
By Orianna Rosa RoyleJuly 2, 2026
16 hours ago
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
Success
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.