This study looks at why foundation funding for minority-led nonprofits is so low and how the diversity practices and policies of foundations affect giving priorities. Findings are based on interviews conducted with foundation leaders and nonprofit executives. Respondents identified several barriers to funding for minority-led nonprofits including: the inability to access foundations; the lack of trust between minority-led nonprofits and foundations; and inadequate resources on the part of many minority-led nonprofits to devote to relationship building with foundation staff.