fbpx

Community empowerment through the Black Opportunity Fund

23 Mar 2021

 

Spearheaded by a coalition of black Canadian executives and established in 2020, the Black Opportunity Fund (BOF) is Canada's most ambitious investor fund dedicated to ​supporting Black community organizations, businesses ​and entrepreneurs. The fund's primary aim is to enable the black community to access a pool of long-term funds to help combat the impact of systemic anti-Black racism and promote social and economic empowerment across Canada. It represents a dynamic partnership involving businesses, philanthropists, foundations, and the Black community.


AfroToronto spoke with Ray Williams, Managing director and Vice-Chair at National Bank Financial. As the Co-Founder and Chair of the Board of the Black Opportunity Fund, Williams is part of the inaugural Board of Directors. The Black Opportunity Fund has an ambitious goal of raising $1.5 billion in 10 years to finance Black-led initiatives.

The BOF has recently appointed a 19-member permanent Board of Directors hailing from cities and regions across the country, and named Craig Wellington as the inaugural Executive Director.

"This is the next step in Black Opportunity Fund's development," as Ray Williams said.

Write comment (0 Comments)

It takes a village: How Ounce of Prevention (Oz) is tackling the classroom to prison pipeline

05 Sep 2020

 

Sobering statistics highlight that while African-Canadians make up 3% of the general population, they account for 10% of the federal prison population. Black Canadians represent the fastest-growing group in federal prisons and are vastly overrepresented behind bars. Sadly, the trends continue to head in the wrong direction, as a recent study revealed 70% more black Canadians in federal prisons today than there were ten years ago.

Read more ...

Write comment (0 Comments)

Search Site

Latest Articles

Jun 06, 2021

TESSEL: Celebrating Black victories through dance

in Arts by News Editor
Esie Mensah is a Dora-nominated choreographer, dance artist, educator, and… Read more >>
May 14, 2021

Where are you from? A Black Canadian's search for identity through discovering her African roots

in Commentaries by News Editor
Rachel Décoste is a writer, educator, social policy expert, and Diversity &… Read more >>
Apr 25, 2021

Buying a pre-construction home?

in Finance and Money by News Canada
(NC) Buying a new home is a big commitment and it comes with a lot of… Read more >>
Apr 25, 2021

Demystifying your paycheque

in Careers & Workplace by News Canada
(NC) Whether you’re a barista in a café or working for a longstanding family… Read more >>
Apr 24, 2021

3 things parents should teach their kids about money

in Finance and Money by News Canada
(NC) Parents have a key role to play in teaching their kids about money and… Read more >>

Latest on Instagram

Featured Events

No events found.

Join Our Mailing List

Advertise with us

Subscribe to podcast (English)

Find a Job

AfroToronto.com participates in affiliate marketing programs, which means we may earn a commission if you purchase an item featured on our site. These affiliate links, along with advertisements, support us and they come to no expense for you.

Media Kit | Member Access

Privacy Policy | Cookie Policy | Terms and Conditions

Copyright © 2005-2021 Culture Shox Media. All rights reserved unless otherwise stated.