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Richmond organizations raise $1M for new racial justice fund

RICHMOND, Va. — Several organizations in Richmond have partnered to raise $1 million for a fund set to go toward wealth and educational opportunities for the Black community and to address structural racism.

The Richmond Times-Dispatch reported that officials with Community Foundation for a Greater Richmond, SisterFund and the Ujima Legacy Fund recently established the Amandla Fund.

Leaders from the groups said they hoped the fund would support investment in the future of Richmond’s Black community through developing homeownership and better educational opportunities.

Dominion Energy gave $200,000 as part of a larger commitment to social justice initiatives, and tobacco corporation Altria gave $500,000.

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Filling out the Free Application for Federal Student Aid, or FAFSA, which opens by Dec. 31, is one of the most important steps students and their families can take to pay for college. Some states now make completing the FAFSA a high school graduation requirement. The U.S. Department of Education awarded about $111.6 billion in federal grants, loans and work-study funds in fiscal year 2022, according to the most recent Federal Student Aid annual report. Those federal funds will assist roughly 9.8 million students in completing their education.
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