At Nonprofits Focusing on Blacks, Donations Soared in Wake of George Floyd Protests

For years, nonprofits focusing on Blacks have struggled for funding, but in less than four months, that’s changed dramatically.

The $6.5 billion committed to achieving racial equity this year is nearly double the $3.3 billion raised for that purpose in the prior eight years combined, according to Candid, which tracks and analyzes global philanthropy, using tax filings and media sources. All but about $35 million of this year’s funding has been pledged since the May 25 death of George Floyd.

That pace has already slowed, according to Candid, falling to...