Amherst, Massachusetts is weighing potential uses for proceeds from its $2 million reparations endowment for Black residents, which is among the first of its kind in the U.S.
A Massachusetts college town that established one of the nation's first reparation funds for Black residents is considering spending the proceeds of the $2 million endowment on youth programs, affordable housing and grants for businesses. The Amherst Town Council established the reparation fund two years ago, inspired by nationwide protests against the killing of George Floyd by Minneapolis police officers, to atone for slavery, discrimination and past wrongs.
The amount of funding would be equivalent to the annual tax revenue the town raises from cannabis sales, which is projected to be about $200,000 a year. The plan has been to grow the fund over a decade and then sustainably donate as much as $100,000 a year in the town, which is about 6% Black.
There are cases, as we’ve indicated in our report, where direct cash benefits are necessary and where they will make a difference in terms of reparative justice,' Miller said.
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Slavery reparations in Amherst Massachusetts could include funding for youth programs and housingThe town of Amherst, Massachusetts is considering how and when to spend revenue on reparations for slavery
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Slavery reparations in Amherst Massachusetts could include funding for youth programs and housingThe town of Amherst, Massachusetts is considering how and when to spend revenue on reparations for slavery. Two years ago, the college town established a reparations fund that will grow to $2 million over a decade as cannabis sales taxes come in, and then sustainably spend up to $100,000 a year to atone for how the town benefitted from slavery.
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