On Tuesday, a group of anchor leaders announced a first-of-its-kind fund to support the Black community in Washington state.

The Black Future Co-op Fund launched with over $2.5 million in committed donations from dozens of corporations, philanthropies, and individuals.

The Black Future Co-op Fund will ensure that we have a strong infrastructure and network for sustainable progress,” said Angela Jones, CEO of Washington STEM.

All of the Fund’s architects are women with long histories of supporting Washington’s Black community.

According to Andrea Caupain of Byrd Barr Place, the Fund is an acknowledgement of the harm that systemic racism has done to the Black community in Washington state.