In December 2008, a group of nine wealthy California foundations, under the umbrella of the “Foundation Coalition”, announced new plans to invest in minority-led nonprofit organizations. This coalition was formed in response to Greenlining-led legislation that would have required foundations to simply disclose diversity data on an annual basis. Overall, the new grant making programs announced by the nine foundations will total $30 million over the next two to three years. Greenlining’s reaction to the announcement is mixed. While we are pleased to see foundations finally working together to address a critical issue for communities of color, we were disappointed that the agreement was limited to “capacity building” and did not take into account larger issues around equity and diversity. Most notably, there are no commitments to long-term operating support for minority-led nonprofits, which we believe is central to the empowerment of communities of color.