The growing racial wealth gap in the US is a systemic issue that has disproportionately affects Black families and communities of color. The African American Equity Scorecard is a response to this crisis, and a means of holding organizations accountable for their impact on Black communities.
Developed by the African American Alliance of CDFI CEOs and Community Vision, the Scorecard is a learning tool that guides investments and accountability by quantifying a project’s impact across five areas: wealth building, leadership support, access to land, culture and place keeping, and racial equity.
Using the Scorecard, organizations can learn about their impact on Black communities and elevate their approach to racial equity. The experience of completing the Scorecard can have a transformational effect on organizations, helping them to understand impact, view their work through a racial equity lens, and identify opportunities for disruption and institutional accountability.
The Scorecard is a learning tool that organizations can utilize to grow their impact in the Black community. The Scorecard guides investments and accountability by quantifying a project’s impact across the 5 areas. Over time, continuous use of the Scorecard captures cross-portfolio /organizational impact towards greater equity and wealth building in Black communities.
The Scorecard takes users and organizations on a journey towards advancing racial equity.
The experience of completing the Scorecard can have transformational effects on the organization implementing it.
In addition to understanding impact, the Scorecard serves as a tool for organizations to view their work and processes through a racial equity lens. Through adoption of the Scorecard, leaders and practitioners in the financial sector are introduced to new ways to think about value, financial analysis, impact analysis and risk.
The Scorecard helps organizations support Black liberation by promoting wealth building, leadership support, access to land and culture, and place-keeping. It also introduces racial equity concepts into business practices and informs underwriting decisions that center on racial equity. The Scorecard identifies areas where racial equity and DEI training are needed and opportunities to disrupt anti-Blackness and racial discrimination within existing systems. Additionally, it helps implement and track methods of institutional accountability and impact measures.
We invite financial institutions, Community Development Financial Institutions (CDFIs), developers and funders to consider integrating the Scorecard into their decision processes.