Living Cities engaged Figure 8 Thinking (“Figure 8”) to perform a landscape scan and analysis related to the role Black fund managers, Black founders and various social impact investment strategies can play in narrowing the racial wealth income gap.

The goal of Figure 8’s work was to provide Living Cities with critical input to guide the philanthropy sector’s decisions and activities related to identifying models for contributing to closing the racial wealth income gap.

This report, the result of research and 30+ primary interviews, explores the historical and current state of black fund management, and examines the ways in which philanthropy can disrupt the systems that currently yield poorer results for people of color.