03/28/2016 06:16 pm ET | Updated Mar 29, 2016
Warren Buffett’s Son Pledges $90 Million To Support Girls And Women Of Color
“Girls and women of color are experts on their own lives — our role is to listen to them.”
Young women of color face particularly tough barriers to success in school, work and life. Now one foundation is working with them to break them down.
The NoVo Foundation announced a new $90 million initiative on Wednesday to expand opportunities for girls and young women of color. This will be the largest investment by a private foundation to date to address structural inequalities faced by young women of color in the U.S.
The foundation, led by Warren Buffett’s son Peter Buffett and Peter’s wife Jennifer, will distribute funds over the next seven years to grassroots and national initiatives supporting girls of color. The staff will spend the coming year speaking directly with young women of color and their advocates across the country to garner ideas on how to best address gender and racial justice issues.