While rural communities contribute so much to our nation, they receive a disproportionately small share of philanthropic dollars. The numbers are stark: rural areas make up 20% of the US population, yet they only receive around 7% of the nation's philanthropic giving. This disparity has real consequences for these vital communities.
We're not just talking about a lack of volunteer hours – which rural communities have in spades. We're talking about the larger philanthropic investments that can fuel growth and revitalization, the kind of funding that can make a real difference. So, why does this gap exist? Is it a matter of visibility? A lack of capacity to apply for grants? Or is it something more complex? And, most importantly, what can be done to bridge this divide?
Joining us today is Jarrod Elwell, the Community Development Regional Manager for the Richmond Fed, serving Virginia and Washington, D.C. Jarrod brings nearly three decades of experience in community development and a deep passion for rural communities. He's seen firsthand the challenges these areas face and the incredible potential they hold.
We'll be discussing everything from the underlying reasons behind the philanthropy gap to successful revitalization projects, like those highlighted in a recent Richmond Fed article. We'll explore the importance of patience in rural development, the best approaches to job creation, and the crucial first steps a rural leader can take to ignite positive change in their community. Join us as we unravel the complexities of rural philanthropy and explore pathways to a more equitable future for these vital communities.
