The federal government is looking for an organization to administer a fund to bolster the economic and social well-being of Black Canadians.

The government says the fund is intended to support Black-led charities and non-profit organizations, given the systemic barriers Black communities face.

Canada’s most recent budget gave $200 million towards establishing the Black-led Philanthropic Endowment Fund as a sustainable money source to support Black communities.

The call for proposals was announced by Diversity and Inclusion Minister Ahmed Hussen. It was designed following insight through virtual roundtables and online engagement with 150 Black stakeholders.

Black-led and Black-serving not-for-profit organizations and charities are invited to submit a proposal to be the intermediary who administers the fund.

Organizations are being asked to make submissions by noon EST on Nov. 25.

The successful organization is expected to be announced by spring 2023.