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New endowment aims to support LGBTQ+ nonprofits, organizations

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The Albuquerque Community Foundation says local LGBTQ+ nonprofits and organizations are underfunded. Even the foundation’s leaders admit they need to do more.“The LGBTQ community has historically been underserved and underfunded by philanthropic institutions, including ours,” Kate Leung with ACF said.To help change that, the foundation is establishing the Pride Circle, a new endowment to provide financial support for those groups.“We really want to serve our community by providing opportunities for philanthropy and opportunities to serve our community’s needs,” Leung said.Pamm Meyers serves as an advisor for the Pride Circle board. She said the need is great.“Only $0.23 out of every $100 goes to support the LGBTQ community across the country,” Meyers said.Leung said the foundation aims to raise at least $7,500 in funding for local LGBTQ+ groups every year. While both are excited for this launch, they still believe there is still work to be done.“Members of our community do not have that across the country,” Meyers said. “And it’s important to keep raising awareness.”Leung believes “it’s more important now than ever at this time to be working to create safe spaces and stable resources for our community.”The Pride Circle event will take place in Old Town on 2043 S. Plaza St. from 5:30 p.m. – 8 p.m. Friday, June 30.

The Albuquerque Community Foundation says local LGBTQ+ nonprofits and organizations are underfunded. Even the foundation’s leaders admit they need to do more.

“The LGBTQ community has historically been underserved and underfunded by philanthropic institutions, including ours,” Kate Leung with ACF said.

To help change that, the foundation is establishing the Pride Circle, a new endowment to provide financial support for those groups.

“We really want to serve our community by providing opportunities for philanthropy and opportunities to serve our community’s needs,” Leung said.

Pamm Meyers serves as an advisor for the Pride Circle board. She said the need is great.

“Only $0.23 out of every $100 goes to support the LGBTQ community across the country,” Meyers said.

Leung said the foundation aims to raise at least $7,500 in funding for local LGBTQ+ groups every year. While both are excited for this launch, they still believe there is still work to be done.

“Members of our community do not have that across the country,” Meyers said. “And it’s important to keep raising awareness.”

Leung believes “it’s more important now than ever at this time to be working to create safe spaces and stable resources for our community.”

The Pride Circle event will take place in Old Town on 2043 S. Plaza St. from 5:30 p.m. – 8 p.m. Friday, June 30.

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