The Income and Wealth TogetherATL Fund works to reduce gaps in income and wealth, while increasing opportunities for economic mobility and wealth-building particular for Black, Asian and Latino communities.

Historically, people of color have struggled for consideration and inclusion in opportunities to attain access to traditional vehicles for generational wealth creation such as access to land grants, higher education, social safety net programs and subsidies. Exclusion from the two biggest wealth-building vehicles in our society — starting a business and owning a home — have created and maintained a racial wealth gap. Discrimination in the labor market has contributed to that disparity.

Thanks to the generational nature of wealth accumulation, along with ongoing racial discrimination, the net effect of those policies is still resonating today. In fact, the racial wealth gap has grown over recent decades and is now wider than it was in 1963.

In Atlanta, the median income for white households is almost three times higher than the median income for Black households. Additionally, the average Black household in Atlanta has accumulated only about 10% of the wealth of the average white household.

Our investments

The work of the Community Foundation is multi-faceted and includes partnerships, direct scholarships to students, grants to nonprofits and impact investing through the GoATL Fund.