News & Events

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.

June 19, 2019

As arts institutions in the US and the UK come under increasing fire for their relationships with donors who have controversial business ties, one arts organization thinks activists might be missing the forest for the trees. “While there is a cry about comportment of individuals, it’s not as core to the institution as what the institution is doing with its own money,” says Maxwell Anderson, the president of Souls Grown Deep, a nonprofit dedicated to promoting the work of African American artists from the South.

June 19, 2019

The Souls Grown Deep Community Partnership (SGDCP), the sister organization to Souls Grown Deep Foundation, announced today that it is committing $1,000,000 to impact investments as part of Upstart 2.0, a new initiative led by Upstart Co-Lab, a project of Rockefeller Philanthropy Advisors. Impact investments are made with the intention to generate positive, measurable social and environmental impact along with financial return. Souls Grown Deep Community Partnership is the first cultural institution to make a 3-year commitment to work with Upstart Co-Lab and target financial capital to investment opportunities aligned with art, design, heritage, culture, and creativity. Souls Grown Deep will specifically promote racial and social justice and economic opportunity through impact investment in funds, businesses, and real estate projects within the creative economy.