National Black Funding Day is a nationwide holiday celebrating the achievements of black entrepreneurs in the funding industry in the United States. It seeks to raise awareness about the disparities in funding opportunities for minority-owned businesses. The initiative sheds light on inequalities in venture capital, grants, and access to educational resources, aiming to empower underserved communities and address the historical underfunding of black entrepreneurs.

Historically, black entrepreneurs have faced systemic barriers in securing venture capital funding, with women of color facing even greater obstacles. Structural racism and a lack of representation in venture capital-backed firms have perpetuated discriminatory financial practices. Recent efforts to prioritize diversity and inclusivity in the wake of the George Floyd racial justice reckoning have led to increased funding for black founders.

National Black Funding Day encourages corporations and stakeholders to donate to black founders and their organizations, promoting diversity and inclusivity in the funding industry. It also celebrates the resilience and determination of black entrepreneurs and marks a significant step toward addressing historical disparities and fostering a more equitable financial ecosystem.