Do you want to speak at SOCAP23? The SOCAP Open Session Submission Period Is LIVE!

Submit Your Ideas Here by April 1!

Closing the Wealth Gap for the New Majority: Charity vs. Economic Necessity

Rachel Walton July 13, 2022

Within a generation, the United States will become a country of citizens who are predominantly People of Color – the New Majority. Given the current challenges of the racial wealth gap, which left unchecked will to continue to widen as time passes, crucial questions are posed: who will support the future, the GDP, the U.S. standard on quality of life, even the benefits of U.S. global support? We must determine to supercharge the new majority with immediacy and with focused attention; the new majority must have facility to high-growth pathways.

Learning, sharing, and action are key methods through which Living Cities’ Capital for the New Majority team aims to answer this question. We believe that the important work needed for closing the racial wealth gap goes beyond providing better outcomes for entrepreneurs and founders of color; it requires research, community building, and overall systems change. Our speakers will reflect on alternative high-growth constructs, building foundational wealth through real estate, and emphasize the importance of developing a community of practice and accountability that provides crucial support to fund managers and founders of color.


Fireside Chat (3 speakers maximum)

Meta Themes

  • Justice

  • Reimagine Systems

  • Power and Capital

  • Deliver Equity and Inclusion


Purpose and Desired Outcome

- Highlight the need for investing in BIPOC fund managers and changing narratives as a prerequisite for closing wealth gaps. - Emphasize how investment in BIPOC fund managers and founders is an economic imperative; it is a solution, not a quick fix Influence institutional capital-deploying decision makers to create investment opportunities & further ecosystem development for BIPOC fund managers and founders. - Discuss potential solutions and methods for building foundational wealth that can be catalytic to our economy as we look towards the future. The New Majority will be over half of the country — currently, they do not hold sufficient wealth or income to support a 20 trillion dollar GDP.


  • Allocators (Family Offices, HNW Individuals, Foundations)

  • Corporate & SME

  • Entrepreneurs

  • Accelerators & Incubators


  • NameKim Folsom
  • TitleFounder, Chairperson, and CEO
  • OrganizationFounders First Capital Partners
  • StatusInvited
  • NameJohn Green
  • TitleManaging Principal
  • OrganizationBlackstar Real Estate Partners
  • StatusInvited
  • NameMelissa Bradley
  • TitleFounder and General Partner
  • Organization1863 Ventures
  • StatusInvited
Join the SOCAP Newsletter!