Elevating Black Voices: The Sachs Foundation's Alumni Board Launch

Empowering Black Leadership with the Sachs Foundation Alumni Board

The Sachs Foundation has introduced its inaugural Alumni Board, a significant initiative aimed at placing Black leadership at the forefront of philanthropic decision-making. Comprised entirely of former Sachs Scholars, this Board is set to guide discretionary grants and influence the Foundation’s strategic direction, creating a fresh chapter in alumni involvement and community-centric impact.

A Cohort of Accomplished Alumni

This newly established Board consists of a talented group of alumni, each bringing over eight years of experience across diverse fields such as global marketing, education, STEM, counseling, finance, and nonprofit leadership. All members have previously benefited from Sachs Foundation scholarships. Their roles will extend beyond mere advisory capacities; they will reshape the grant application process, assess proposals, and make funding decisions that reflect community needs.

Transformative Philanthropy

According to Ben Ralston, CEO of the Sachs Foundation, "This Board is transformative for the philanthropic space. By empowering Black alumni in grantmaking, we shift our funding power to the community we serve. The aim is to dismantle traditional barriers in philanthropy and enable grantees to also act as grantors." This innovative approach is part of a broader commitment to fostering equity and accountability through community-driven frameworks.

Training for Impact

To enhance their effectiveness, Board members will participate in training focused on nonprofit governance, ensuring they evolve from engaged participants to influential leaders within their organizations. This commitment to professional development guarantees that alumni will not only contribute their expertise but will also grow into strategic leaders within the philanthropic landscape.

Personal Commitment to Community

Alumni Board Member Elisabeth Booze shares her personal journey: "Being a part of this Alumni Board allows me and my peers to give back to the Black community in Colorado, which has played a pivotal role in our individual journeys. I am excited to engage in philanthropic pursuits alongside such an amazing group of fellow alumni. The professional growth and community impact opportunities through our Board work are invaluable."

Answering the Call for Representation

The launch of this initiative comes at a crucial time in philanthropy, responding to the increasing demand from Black communities across the nation for investment, leadership representation, and decision-making authority. The Alumni Board addresses these needs through a trust-based model that empowers those with lived experiences and professional backgrounds to drive solutions tailored to the communities impacted.

Leading Systems Change

Ruth Woldemichael, Director of Communications and Alumni Engagement, emphasizes the strategic vision behind this initiative: "We're not just bringing alumni back into the fold; we’re allowing them to take the lead in creating systems change. This Board exemplifies the practice of prioritizing Black leadership—not merely as a statement, but as a guiding principle for our philanthropic actions."

A Fairer Future in Philanthropy

The Sachs Foundation’s new endeavor marks a commitment to fostering opportunities for Black Coloradans by developing Black leaders capable of influencing long-term change. By directing grant investments and shaping holistic programming, the Alumni Board is poised to be a pivotal force in creating a more equitable and representative philanthropic environment.

Collaborators in Progress

This milestone affirms that alumni are not simply beneficiaries of the Sachs Foundation’s mission; they are active collaborators, change agents, and architects of the Foundation’s future outreach and impact strategies.

Frequently Asked Questions

What is the purpose of the Sachs Foundation Alumni Board?

The Alumni Board is designed to empower Black alumni to influence philanthropic decision-making and shape the strategic direction of the Foundation.

Who are the members of the Alumni Board?

The Board consists of former Sachs Scholars from diverse professional backgrounds, including education, finance, and nonprofit leadership.

How does the Board plan to impact communities?

By engaging Black leaders in grantmaking processes and prioritizing community needs, the Board aims to foster systemic change and equitable investment.

What training do Board members receive?

Members will receive training in nonprofit governance and professional development to enhance their leadership abilities within the philanthropic sector.

Why is this initiative significant?

This initiative addresses the urgent need for representation and decision-making power from Black communities, promoting a trust-based approach to philanthropy.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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