About the BPI Campaign

Pictured here are BPI Campaign Co-chairs Walter Stone and Linda Newton, with BPI Steering Committee Co-chair Edward C. Clifton. See the Campaign Committee.

Through June 2011, the Black Philanthropy Initiative was focused on raising $500,000. The Rhode Island Foundation matched every dollar raised, resulting in a permanent endowment that will grow and respond to the needs and aspirations of Rhode Island’s Black community in perpetuity.

Endowments provide long-term financial sustainability and growth. Based upon the Foundation's current spending rate for grant distribution and fee schedule for administration, a fully capitalized $1 million fund will generate approximately $47,500 for grants in just its first year...and in ever-increasing numbers in the future.