Archive for November, 2009

Multicultural Motion Picture Association’s Diversity Awards

Monday, November 30th, 2009

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It’s common knowledge that we, here in the U.S., are hopelessly lacking in the field of trend setting – especially compared with our European cousins. I mean c’mon, Paris is the leader in fashion, Britain for music – hello, Beatles? Rolling Stones? And all the countries across the pond have been recycling and worrying about environmental sustainability since……well, forever. Is there any subject where we are the trendsetters?

Hold on, have you heard the buzz about the altered poster for the hit movie “Couples Retreat”? The movie is a comedy centering on four couples (3 white; 1 black) all of whom end up at the same resort for a couples bonding vacation whereupon madcap hilarity ensues. (OK, disclaimer: I haven’t seen the movie but this is what I gleaned from the trailer.) In any case, the posters distributed to promote the movie in the U.S. include all four couples. The U.K. version of the poster appears to have the black couple photoshopped out of the picture. Huh?!!? Wow. So maybe we’re a tad more progressive than our European friends. Can it be true? The article I read said that ethnic diversity in entertainment has been an ongoing issue in Europe. Newsweek says that black actors have had a hard time appealing to foreign moviegoers and, as a result, marketers have been downplaying the ethnicity of actors in order to ensure better box office returns. I even heard that Will Smith, a huge star in the U.S., does not draw crowds in Europe.

Here in the U.S. we also have the Multicultural Motion Picture Association. The MMPA’s stated purpose involves acknowledging those who contribute to diverse perspectives in the entertainment industry as well as honoring industry members who promote a greater understanding and portrayal of all cultures through their creative work in film and television. Apparently tickets to the MMPA annual Diversity Awards ceremony are the hottest item in town and very hard to come by. And I bet there are black people on the posters too!

Capitalizing on Philanthropic Giving in the Black Community

Sunday, November 15th, 2009

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Non-profits and other philanthropic groups must reach out to wealthy African Americans who constitute an available and generous donor base. The Chronicle of Philanthropy notes: “Driven by rising incomes among Asian-Americans, Blacks, Hispanics, and American Indians, and government projections that minorities will make up nearly half of the U.S. population by 2050, ethnic charities see a stellar opportunity to increase the amount of ethnic philanthropy in coming years.”

In fact, according to an analysis of federal income tax returns conducted by the Urban Institute, donors in primarily black zip codes gave 5.1 percent of their income to charity where only 3.3 percent of income was donated from zip codes identified as predominantly white. An estimated $1.1 trillion to $3.4 trillion wealth transfer is expected to occur in the African American community by 2055.

In order to tap into this philanthropic base, John F. Havens and Paul G. Schervish, in their article “Wealth Transfer Estimates for African American Households”, emphasize the need to both work closely with high-income black Americans and to nurture a connection with young, professionals who will become the next generation of wealthy black Americans. Another opportunity, as seen by Charles Stephens in his article “Professionalism in Black Philanthropy,” is to develop programs at historically black colleges and universities that steer more black professionals into the field of fundraising.

Likewise there are old habits that need changing if black philanthropy is to make the most of its innate generosity. One practice that many organizations, such as the Twenty-First Century Foundation in New York City, hope to change is the custom of spontaneous giving in small amounts. Erica Hunt, president of the foundation says, “We do so much social and reactive giving that we have very little left from our discretionary income for intentional or planned giving.” Almost all non-profit groups will attest that, as ethnic groups enter into the philanthropic circle more and more and at greater levels of giving, they need education in the most efficient and meaningful way to use their dollars. Philanthropy among individuals in the black community needs to become more systematic and sustainable.

Non-profits would do well to help donors to set up their patronage in a thoughtful, practical way that maximizes their giving. As did, for example, the Associated Black Charities of Maryland who formed a partnership entitled the African American Philanthropy Initiative with the Baltimore Giving Project, a nonprofit group that promotes philanthropic giving among young professionals. Many other groups are forming associations like the one in Baltimore to assist prospective black donors in “converting their traditional ways of giving into more modern ones.”

As Emmett D. Carson Jr., the first black president of the Minneapolis Foundation puts it, “The money’s out there. People of color have always given. We need to continue to find new ways to help them do that.”

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Bank Lending to Minorities and Small Businesses

Monday, November 2nd, 2009

Bank Lending to Minorities and Small Businesses

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