Stephen and Ayesha Curryare joining the advisory council for Goldman Sachs' One Million Black Women initiative, Axios is first to report.
Why it matters: The initiative has committed to invest more than $10 billion in Black women over the next 10 years. It comes as banks and large companies are increasingly putting money behind rhetoric about advancing racial equity.
What’s new: Goldman hosted 17 listening sessions and heard from more than 10,000 Black women, in order to guide investment decisions.
- The advisory council will conduct its first meeting on May 17 to offer recommendations for the initiative’s first set of investments.
- The bank will announce the first investments shortly after.
What they’re saying: "The One Million Black Women initiative has, from the start, worked to listen to the ideas, concerns, and aspirations of Black women,” says council member Valerie Montgomery Rice, who also serves as president and dean of Morehouse School of Medicine.
- “The $10 billion investment will allow for more Black women to realize their full potential and become the economic drivers we know they are.”
Go deeper on the fight to equalize "Black Womenomics."