Just as past public policies created the racial wealth gap, current policy widens it.
The Racial Wealth Divide Initiative at CFED developed this profile to better understand how racial economic inequality affects Baltimore. This profile is also one of the first steps taken under the Building High Impact Nonprofits of Color project, funded by JPMorgan Chase. This project aims to advance best practices and strengthen resources for nonprofits of color.
Economic inequality has expanded over the past decade, shutting the windows of opportunity for millions of Americans. In urban centers, this growing inequality has manifested through gentrification and concentrated poverty in communities of color. Though Baltimore bills itself as a city of the future, the economic plight of many of its residents suggest a struggle to break free of the past. Indeed, historical policies designed to “quarantine blacks,” as Baltimore’s mayor put it in 1911, have contributed to a city in which one’s race is a dominant determinant of one’s overall life outcomes.
Creating community, knowledge, and wealth together.