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256:"Data Transparency is a Racial Equity Issue: Communities of Color Need Diversity and Inclusion Policies at Banks – Written Testimony of Rawan Elhalaby, Senior Economic Equity Program Manager, The Greenlining Institute, For the Subcommittee on Diversity and Inclusion – "A Review of Diversity and Inclusion at America's Large Banks""
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Greenlining's introduced AB 624, which was a piece of “sunshine” legislation that would have require large foundations operating in
California to gather and disclose pertinent diversity data. AB 624 would not have required foundations to invest in minority communities, and it would not have created
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racial quotas for grant-making and employment. This legislation was an attempt to get foundations to disclose data related to diversity on an annual basis. The bill was ultimately withdrawn.
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In 2005, Greenlining began researching the philanthropic giving patterns of
California's largest foundations and found very low investment in non-profit organizations led by people of color.
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The
Greenlining Institute was founded on the principle of wealth creation, with a strong belief that diversity makes business sense and leads to greater effectiveness.
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in policymaking, and encourage successful investment by corporate
America into these communities. Rather than just fighting
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Community Reinvestment program works with banks and other financial institutions to equitably execute the
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community leaders in 1993 to fight injustice, increase the participation of
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is a public policy, research, and advocacy non-profit organization based in
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due to concerns that it would cause displacement of residents and
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