In June 2020, financial institutions nationwide committed a record-breaking $4.2 billion to racial equity. Nonprofits directly received $300 million, representing 51% of total donation volume that month. However just six months later, funding for racial equity fell to 5% of the donation share. Now three years later, while energy has further slowed, racial justice remains a top concern across demographics. We know nonprofits steered by Black leaders and people of color are best positioned to drive racial equity. However, it’s simply not enough for corporate funders looking to affirm their values to financially empower BIPOC leaders. To properly equip nonprofit leaders, financial institutions and other corporate funders must embrace a two-pronged approach of capital and capacity building. One of the most effective interventions in capacity-building for BIPOC-led nonprofits lies in technology. Seventy-four percent of nonprofits say digital transformation is a need-to or must-have, yet...

Serial entrepreneur Sevetri Wilson has made history with New Orleans tech startup, Resilia . The software as a service (SaaS) platform raised $8 million in its Series-A round of funding, making it the highest VC raised by a female-founded tech firm in Louisiana, announced Business Wire . The funding round was led by Mucker Capital and Callais Capital Management with participation by Cultivation Capital. “We spotted Resilia early-on, and have been impressed with Sevetri’s leadership and her team’s ability to identify market needs, move quickly, and expand their products to serve the complex needs of grantors and grantees,” said William Hsu, co-founder and partner at Mucker Capital, who also joined Resilia’s board. In 2016, the Louisiana-based founder created Resilia, named for resilience, to help nonprofits scale their philanthropic efforts through technology. The platform expedites the process of incorporating and applying for tax exemption. Also, it offers resources to reduce costs...