The California Endowment (TCE) has announced $30 million in initial investments from the foundation’s $300 million social bond. 

Issued in January 2021, the social bond was established to increase TCE’s investments in power-building and leadership to advance racial justice amid ongoing racial injustices, political divisiveness, and the coronavirus pandemic. The $30 million in initial grants kickstarts the social bond grantmaking to nonprofit organizations at the forefront of movements to advance racial justice and health equity in California. Recipients include the California Black Freedom Fund, the Latino Community Foundation, and the Foundation for California Community Colleges, among others. 

“We envision a California that truly embodies the values of wellness, inclusion and shared prosperity,” said TCE president and CEO Robert K. Ross. “The philanthropic sector has an historic opportunity to invest in transformational change. Through the California Endowment’s social bond investments, we are doubling down on the good troublemakers, the community organizations, and the pipeline of leaders who are actively tackling our most pressing challenges.” 

(Photo credit: Getty Images/stellalevi)