Warren Buffett’s Son and Daughter-In-Law Will Invest $90 Million In Women Of Color
It’s not clear what made the light bulb come on, but it appears that people are finally realizing the important role women of color play in our world and how often life is made difficult for them for nothing else than being who they are. Just earlier this week, the creation of the first Congressional Caucus on Black Women and Girls was announced. Now, the NoVo Foundation is taking it one step further with a multi-million dollar investment.
According to NBC News, the NoVo Foundation, which was founded in 2006 by Jennifer and Peter Buffett, the daughter-in-law and son of billionaire Warren Buffett, will invest $90 million towards women and girls of color in the U.S. to address and diminish the hardships they often endure. The foundation claims this is the largest effort ever made by a private foundation to do so.
“This work is about dismantling the barriers that prevent them from realizing that potential and leading us toward a truly transformative movement for change,” said Jennifer Buffett, co-president of the NoVo Foundation in a statement.
“Our goal is to create the conditions for change by advancing the work of the real experts in this movement: girls and young women of color and the advocates working with them,” added Peter Buffett, co-president.
To establish an effective means of using the investment, the NoVo Foundation will actually hold learning sessions with girls and young women of color in the summer of 2016 to find the absolute best way that the money can be used.
Pamela Shifman, Executive Director of the NoVo Foundation, went on to bring up an interesting point that is sure to be received well. Shifman claims that the investment effort will be “girl-led, girl-driven and designed to address the systemic and institutional challenges faced by girls and young women of color across the country. This commitment builds on the leadership of women of color who have worked for years to further this movement.”
Photo Courtesy: Twitter