philanthropist

Clarence Avant – ‘The Godfather of Black Music’ – Passes Away at 92

Clarence Avant, lovingly known as “The Black Godfather,” was called home to rest on August 13, at the age of 92. One of Black music’s most extraordinary executives, Avant was renowned for his business acumen, industry expertise, philanthropist efforts and social justice advocacy. 

Robert F. Smith, Oprah Winfrey, Michael Jordan, Frank Baker and William Pickard Top List of Black Donors to HBCUs 

A recent Washington Post story found that Black Americans donate a higher share of their wealth than their white counterparts – to the tune of around $11 billion each year. Given their cultural and educational importance to the Black community, HBCUs are the repository of much of these donations with a number of household names – and some you may not know – making big-dollar contributions to these institutions.  

Mike Bloomberg Makes History with the Black Press of America

“The Bloomberg campaign’s initiative is groundbreaking, and it goes to significantly increasing the economic health of African Americans by tripling their net worth,” said Columbia, South Carolina Mayor Steve Benjamin, who co-chairs Bloomberg’s campaign. “The Bloomberg model is intentionally focused on creating a million new African American homeowners, 100,000 new African American-owned businesses, and $70 billion in federal capital to go in the 100 most challenged neighborhoods across the country.”