How Yvonne Moore Maximizes Philanthropy’s Potential to Do Good

In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to Black youth, their sources of inspiration and how they are working to close the racial wealth gap. As protests swept through the nation

Independent wealth managers and financial advisors have many important political issues and business challenges to keep tabs on in 2022. That was the key takeaway at last week’s annual OneVoice conference held by the Financial Services Institute, a trade and advocacy group representing 90 independent wealth managers and more than 30,000 financial advisors. During the

CIBC has launched a $15-million business loan program for Black entrepreneurs, joining other banks in offering a specific program for the demographic. The Black Entrepreneurship Program (BEP) offers loans of between $5,000 to $250,000 to Black business owners, and is supported by a team of 39 specialists. David Leuty, senior vice-president of business banking with CIBC, said

The wealth gap in the U.S. between Black households and white households remains a stark divide, with the Federal Reserve Board of Governors finding in 2019 that the median white household’s wealth was greater than $188,000, while the median for Black families was $24,000. This data is indicative of a systemic struggle for Black Americans,

 “The work that we’re doing, and its connection to his legacy, is ensuring that the power belongs with Black communities and Black-founded nonprofits,” said Aisha Alexander-Young, CEO of Giving Gap. Reginald F. Lewis became the first Black American to build a billion-dollar company and rose to prominence with his autobiography, Why Should White Guys Have All the