New research reveals that financial gains for many Black-led nonprofits after George Floyd’s murder were short-lived. According to a study by Candid and ABFE, only a subset of large, Black-led nonprofits saw temporary funding increases. Smaller organizations saw no change. New funders tended to finance Black-led nonprofits only for one year, foregoing more transformational relationships that sustain grant recipients’ longer-term goals. The pattern of disinvestment put many community groups at even more of a disadvantage when President Donald Trump’s policies curtailed funding for diversity, equity and inclusion. In light of the report, ABFE CEO Susan Taylor Batten is calling on foundations to build more relational, trust-based connections with Black-led nonprofits.