Black Opportunity Fund (BOF) is pleased to have achieved the milestone of 2 years. We have made significant progress in fulfilling our mandate in a relatively short time, and positively impacted the communities we serve. BOF has provided philanthropic grants to Black led and Black serving non-profits and charities across the country, and provided capacity-building support and funding to Canadian Black businesses. We are proud to highlight some of our key partnerships and programs as well as the Black led organizations that have benefited from our support.
Eradicating the impacts of systemic anti-Black racism will take many years, but we are dedicated to continuing to do our part to help shorten the journey.
BOF and SickKids have partnered to make a difference against a painful condition disproportionally experienced by people of African descent that can also place considerable financial burden on families: Sickle Cell Disease. On World Sickle Cell Day, June 19, 2022, BOF and SickKids announced their shared goal to achieve better outcomes for children living with the most common genetic disease affecting the Black communities. First, we’ll achieve this by helping SickKids make medication easier and safer to take at home via a SickKids-developed technology called a capsule shredder, which will be distributed across Canada. Second, we are establishing together the Sickle Cell Disease Patient Amenities Fund at SickKids, to help over hundreds of patient families with costs not covered by government, now and in the future. Better health outcomes for Black kids. It’s happening here.
Black Opportunity Fund is building its board of directors. If you have the qualifications we’re searching for, please let us know. If you know someone who does, let them know too.
In June 2020, when the Black Opportunity Fund was launched, we promised our supporters that we would conduct an extensive and national consultation with as many Black leaders, Black-led businesses and Black community organizations as possible. We also promised to deliver a summary of those discussions. The report has been completed and will be released shortly. We thank you for your patience.
Responsible Investment Association (RIA), your kindness will not go unnoticed. Beginning with the Diversity & Inclusion Week you hosted October 26-30, educating investment pros on how to advance diversity and inclusion in their organizations and portfolios, we are thankful for your understanding of the need to improve diversity, equity and inclusion. We are especially grateful for the portion of funds that RIA donated from that event to Black Opportunity Fund. We thank your members. We thank the leaders of the organization.
Investors across Canada are eager to learn more about the fund. Dennis Mitchell breaks it down in an interview with the Uncommon Sense Investor at Davis Rea: