What is Prosperity Now?
Prosperity Now is a non-profit organization dedicated to fostering financial security, stability, and wealth-building for millions, with a particular focus on people of color and low-income individuals. Established in 1979, the company employs a multifaceted approach that combines practical solutions, rigorous research, and effective strategies. Recognizing the profound impact of the racial wealth divide, Prosperity Now actively works to equip organizations of color and other entities with the necessary capacity, tools, and cultural competency to dismantle systemic barriers that hinder wealth accumulation for families of color.
How much funding has Prosperity Now raised?
Prosperity Now has raised a total of $2.5M across 2 funding rounds:
Debt
$1M
Debt
$1.5M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.5M led by PPP
Key Investors in Prosperity Now
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Prosperity Now?
The recent major strategic investment signals a pivotal moment for Prosperity Now, likely enabling an expansion of its programs and outreach. This capital infusion is expected to bolster its capacity to address structural inequities and further its mission of building wealth for marginalized communities. The company's continued focus on research and proven strategies positions it for sustained impact in closing the racial wealth gap.
See full Prosperity Now company page
