Souls Grown Deep Foundation to invest $1 million in artists’ hometowns in the U.S. south

June 25, 2019

The foundation that holds one of the largest collections of art by African American artists in the U.S. south will invest its assets in the communities where those artists lived and worked. The Souls Grown Deep Foundation is committing $1 million over three years – the bulk of its endowment – to support racial and social justice as well as jobs and community development in nine southern states. The impact investing strategy was developed in partnership with Upstart Co-Lab, a network of investors in “the creative economy,” as a way to share some of the growing value of Souls Grown Deep’s collection with the families and communities of the 160 artists who created the more than 1,000 works.