Black Executives Launch Fund to Support Black-Led Companies

Black Executives Launch Fund to Support Black-Led Companies

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The Black Opportunity Fund aims to address systemic anti-Black racism through a permanently endowed fund, inspired by the Equality Fund. It seeks long-term partnerships with businesses, philanthropists, and government to support Black communities across Canada. The fund will focus on strategic allocations to solve complex issues, with a governance structure similar to the Equality Fund. The initiative has garnered significant interest and aims to expand its coalition to over 200 members by the end of summer.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of the Black Opportunity Fund?

To focus solely on healthcare improvements

To create a temporary solution for economic disparities

To establish long-term strategic partnerships to combat systemic racism

To provide short-term financial aid to black communities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which existing fund serves as a model for the Black Opportunity Fund?

The Global Equality Fund

The Anti-Racism Fund

The Women's Empowerment Fund

The Equality Fund

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is there a need to change the funding model for black entrepreneurs?

To ensure funding is available for only one year

To focus on short-term gains

To allow for long-term strategic decisions and partnerships

To reduce the number of partners involved

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected outcome of the Black Opportunity Fund's partnerships?

To solve systemic racism in one year

To limit the involvement of businesses

To create a coalition of black professionals and organizations

To focus only on education reform

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the Black Opportunity Fund structured?

As a temporary relief fund

As a permanent endowment fund

As a government-run initiative

As a short-term project

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of the board in the Black Opportunity Fund?

To manage day-to-day operations

To fund only healthcare projects

To limit the number of signatories

To provide oversight and governance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Dennis' role in the Black Opportunity Fund?

Board member providing governance

Day-to-day operations manager

Financial advisor

CEO of the fund