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Black-Led Philanthropic Endowment Fund


endowment of $199,476,227


The Black-led Philanthropic Endowment Fund seeks to create a sustainable source of funding for Black-led, Black-focused and Black-serving non-profit organizations and registered charities. Through it, the Government of Canada will provide 1 national Black-led and Black-serving recipient organization with an endowment of $199,476,227.

Eligible Applicants

Your organization must:

  • be located in Canada
  • be a not-for-profit organization or registered charity
  • indicate that it is both:
    • Black-led: a minimum of 2/3 of the leadership positions, across all levels of your organization’s management and governance, are held by people who self-identify as Black, and
    • Black-serving: An organization for whom Black communities are an important or the main beneficiary group
  • have identified as a partner 1 or more investment advisor(s) and/or portfolio management firm(s)
  • have identified as a partner, for a period of 3 years or more, an allied public foundation to provide capacity supports
  • have proof of a Canada Revenue Agency (CRA) registration number
    • organizations must have a Canada Revenue Agency business or registration number or proof of incorporation or registration. Organizations don’t have to be registered charities when they apply. Organizations must register as a charity with the Canada Revenue Agency within their first 3 years of their project

Eligible Expenses

Eligible organizations must apply for the maximum total budget of $199,476,227 and a minimum duration of 10 years. At least $190,000,000 would take the form of an endowment.

The recipient organization would be able to access up to $9,476,227 of the total budget. This amount would support first-year operating costs and early granting activities while the endowment gains maturity.

The endowment is restricted to a period of 10 years. At the end of the 10 year period, the restrictions are reviewed and may either be maintained, amended or removed.

Deadline Date

  You can apply from October 3, 2022 to November 25, 2022.
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