Leaders of big foundations like Marguerite Casey, Wallace Global, and Nathan Cummings are joining dozens of social-change activists and others to call on all grant makers to use the power of their endowment investments to advance racial change…The foundation leaders are urging the asset managers who cast those votes to support board members dedicated to advancing racial justice. They are also urging them to back shareholder proposals on racial-equity audits as well as political spending and lobbying that could become important tools to aid people of color.

140 Foundations, Activists, and Others Urge Grant Makers to Use Their Shareholder Power to Advance Racial Equity