The Bush Foundation Creates $100 Million Trust Fund To Help Build Wealth for Black and Native American Communities

The St. Paul-based foundation has set up trust funds for Black and Native Americans in Minnesota, North Dakota, South Dakota and 23 Native nations.

“This is not reparations, but it’s in the spirit of reparations,” said Grantmaking Director Jackie Statum Allen.

The money will be paid to individuals for developing their wealth — in such ways as financing a college education, making a down payment on a house, or providing seed money to start a business.

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