[Congressional Record Volume 141, Number 88 (Thursday, May 25, 1995)]
[Senate]
[Pages S7572-S7573]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


              BLACK DOLLAR DAYS TASK FORCE--CAMPAIGN 5000

 Mr. GORTON. Mr. President, a fundamental problem facing our 
country today is increasing economic dependence which serves to fuel 
the rise of the welfare state. The task for America is to find creative 
and innovative ways to assist people who are economically deprived. One 
way to do this is to create systems that will lead to economic self-
sufficiency for people trapped by the poverty of inner cities.
  The Black Dollar Days Task Force [BDDTF], a Seattle-based 
organization gaining national attention, was established in 1988 to 
address this problem. This organization has demonstrated that poor 
communities working together can make a difference and begin to create 
an economic future for themselves.
  One of the programs started by BDDTF to address the issue of self-
sufficiency is CAMPAIGN 5000. This program is the first minority-owned 
endowment program in the country. The goal of CAMPAIGN 5000 is to get 
minority community residents to become owners of their economic future 
by contributing to an endowment fund and becoming stakeholders. The 
endowment fund, once established, serves as a means by which corporate, 
public and private moneys can come together in partnership to foster 
dignity, hope, and self-esteem. The only present alternative to this 
endowment fund is federallycontrolled programs which, in some cases, 
have led to dead end jobs and inner city hopelessness.
  The CAMPAIGN 5000 Endowment Fund ensures: A self-perpetuating fund 
that helps solve the problem of deficit spending; a mechanism that 
creates jobs by fueling the expansion and development of business 
opportunities; an opportunity for communities to be self-sufficient in 
solving their own problems.
  I have here, Mr. President, a list of funding sources which I will 
submit for the Record.
  Mr. President, we are now dealing with a great challenge and a great 
responsibility. In the ongoing budget debate, we must remember that it 
is not enough just to cut the budget. We must cut the budget, but at 
the same time we must also be the mechanism to encourage new models 
that offer hope and promise through self-sufficiency and that get 
people off welfare. This is the role communities can play in the 
Contract With America. [[Page S7573]] 
  One model I support enthusiastically is from my home State of 
Washington. It is the Endowment Program of CAMPAIGN 5000 and the Black 
Dollar Days Task Force, and it works.
  I ask that the sources be printed in the Record.
  The material follows:
  The Black Dollar Days Task Force Sources of Funding from Grants and 
                     Foundations--1989 through 1995

Grants;
  Presbyterians USA..............................................$4,000
  Local Campaign for Human Development............................4,000
  Center for Community Change.....................................5,000
  City of Seattle, Community Block Grant.........................34,000
  City of Seattle, CDBG..........................................15,000
  City of Seattle, Department of Neighborhoods...................48,950
  City of Seattle, Office of Economic Development................82,750
  National Campaign for Human Development........................30,000
  United Methodist Commission....................................18,000
  Ben and Jerry's Foundation......................................8,000
  Charles Mott Foundation........................................12,500
  Needmor Fund...................................................60,000
  Seattle Foundation.............................................21,000
  A Territory Resource...........................................55,500
  Self-Development of People......................................9,500
  Jewish Fund for Justice........................................12,500
  Peace Development Fund..........................................5,000
  US Department of Housing and Urban Development, Office of 
    Community Services, JOLI program............................490,000
  State of Washington, Office of Community, Trade and Economic 
    Development..................................................40,000
  Shurgard, Incorporated..........................................5,000
  Catholic Community Services.....................................5,000
  Byron & Alice Lockwood Foundation...............................2,000
  Levinson Foundation.............................................7,500
  SeaFirst Bank...................................................5,500
  U.S. West Foundation............................................5,000
  The Bon Marche.................................................12,500
  First Interstate Bank...........................................2,500
  West One Bank...................................................1,500
  Safeco Insurance Companies......................................3,500
  Washington Mutual Bank..........................................3,000
  The Boeing Company..............................................1,000
  Jewish Federation of Greater Seattle............................5,000
  Presbytery of Seattle...........................................1,000
  Family Foundation...............................................1,000


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