New Haven foundation aims to build philanthropy in the black community

New Haven foundation aims to build philanthropy in the black community:



"NEW HAVEN>> Creating a black philanthropic vehicle to improve the condition of the state’s African-American community is the goal of The Prosperity Foundation . “The idea of an endowment or source of income in perpetuity sounded very appealing to me, said Prosperity Foundation founder and President Howard K. Hill. “As I sat on the board of the Community Foundation for Greater New Haven, I saw how the impact of philanthropy would be able to help the black community sustain itself,” said Hill, who is in his second term as president of the Connecticut Funeral Directors Association. “We decided to promote philanthropy as a component fund of the Community Foundation of Greater New Haven and we had to go out and cultivate this spirit of philanthropy in the black community,” he said. “We found out there was a lot of education that we needed around the idea of organized philanthropy with endowment as an instrument,” he said. TPF’s critical areas of focus include health, education and economic development."