Possibility Labs

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Co-creating a new economy where Black, Indigenous, People of Color, and historically low-income communities have the power of self-determination. Our mission is to co-create a new economy where Black, Indigenous, People of Color, and historically low-income communities have the power of self-determination.

Founded

2020

Facebook

X (Twitter)

175

Address

San Francisco

Address: 1410 Franklin St Ste 135, San FranciscoWeb: Sign in to see organisation websiteX (Twitter): Possibility_CoEmployees: 58Volunteers: 25Revenue: 24985359ICO: 853989363

Possibility Labs Theplatform for buildinga new economy whereall people the planet thrive Theplatformfor building a neweconomywhereall people theplanet thrive We envision a just world where Black Indigenous People of Color and systemically oppressed communities have the power of selfdetermination. The Need Innovative Infrastructure BIPOCled movements are piloting new economic models but current capital and infrastructure systems prevent trailblazers from activating resources with complexity and at scale proportional to the crises that they are solving for thus limiting the potential for innovative ideas to reach systemiclevel fruition. Numerous realities bear this out 2 of philanthropic funds are invested in racial justice and only 2 of the income earned in Black communities stays in the community 3 of venture capital goes to Black and Latinx ventures and for Black founders the value of equity they hold in their companies is only a quarter the value of their white counterparts BIPOC individualsown around 2 of farmland and receive the minority of agriculturerelated financial assistance compared to white individuals who own around 98 Only 25 of POCled nonprofits surveyed by Building Movement Project have 20 or more staff members revealing that a majority are managing with limited infrastructure and resources 2 of philanthropic funds are invested in racial justice and only 2 of the income earned in Black communities stays in the community 3 of venture capital goes to Black and Latinx ventures and for Black founders the value of equity they hold in their companies is only a quarter the value of their white counterparts BIPOC individualsown around 2 of farmland and receive the minority of agriculturerelated financial assistance compared to white individuals who own around 98 Only 25 of POCled nonprofits surveyed by Building Movement Project have 20 or more staff members revealing that a majority are managing with limited infrastructure and resources Transforming Possibilityinto Practice Stories from the Field Cut Fruit Collective is a grassroots organization based in the Bay Area that supports AAPI communities through art publishing and a shared love of food. Since March 2020 theyve raised 100K for Bay Area Chinatowns and beyond during the pandemic including murals for AAPI small businesses and grants for QTAPI Artists.

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Peter

2. What role can community-based organizations play in fostering self-determination among historically low-income communities, and how can we measure the impact of these initiatives?

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Daniela

🌟 So inspired by the work Possibility Labs is doing! Empowering BIPOC communities to thrive and take charge of their own destinies is essential for a just world. Let's support innovative solutions that uplift everyone! βœŠπŸ½πŸ’š

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Paul

πŸ’ͺ🏾 Love seeing organizations like the Kataly Foundation and Cut Fruit Collective make such a positive impact! Together, we can create a new economy that truly represents and uplifts all voices. Keep up the amazing work! 🌍✨

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Luke

1. How can NGOs better support BIPOC-led movements in overcoming the barriers to accessing capital and infrastructure necessary for scaling their innovative economic models?

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