Deloitte has announced a 10-year, $1.5 billion investment in efforts to advance equity, with a focus on three areas: education and workforce development, financial inclusion, and health equity.

To that end, the company will support community-driven change by strengthening local efforts, bringing together key decision makers, and facilitating collaboration to help drive collective action across the private and public sectors. Investments will include support for venture philanthropy for social entrepreneurs, skills-based hiring and apprenticeships, and employee fellowship programs to supplement existing capabilities. The combined knowledge and experience of Deloitte and local leaders within each organization will serve as a catalyst for innovation and approaches that can contribute to change at scale.

Initial partners include OneTen, a network of Black employers, talent developers, community partners, and talent who don’t have college degrees and advance them into family-sustaining careers; the Black Economic Alliance Foundation, which promotes financial inclusion; and New Profit’s Health Equity Catalyze Cohort, a collaboration with Deloitte that will support an initial eight organizations working to shift the underlying conditions that produce health inequities across an individual lifespan and generations. Additional organizations and initiatives Deloitte will engage with include the Black Directors Health Equity Agenda, Braven, the Greater Washington Partnership, Morehouse School of Medicine, the Posse Foundation, Robin Hood, and the World Economic Forum.

“Our three focus areas are inextricably linked to each other and to the opportunity for people to have prosperous lives in our society,” said Deloitte chief purpose officer Kwasi Mitchell. “Deeply rooted inequities are larger than any single entity can take on alone. The broader ecosystem, and those proximate to the issues and their communities, can be powerful instruments for sustained change.”

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