NoVo Foundation to Invest $90 Million in Future of Women of Color

By Lauren Victoria Burke

The NoVo Foundation, which is run by the son and daughter-in-law of billionaire investor Warren Buffett, has announced they will pledge a $90 million investment in girls and young women of color in the U.S.

The foundation is calling the effort the largest ever made by a private foundation to address structural problems facing girls and young women of color in the U.S.

"This work is about dismantling the barriers that prevent them from realizing that potential and leading us toward a truly transformative movement for change," said Jennifer Buffett, co-president of the NoVo 

Foundation in a statement released Wednesday.

"Our goal is to create the conditions for change by advancing the work of the real experts in this movement: girls and young women of color and the advocates working with them," added Peter Buffett, co-president. 

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Source: NBC News