Overview
- Mayor Monroe Nichols announced the private Greenwood Trust on the 104th anniversary of the massacre without seeking city council approval for its creation
- The trust aims to secure $105 million by June 1, 2026 through property transfers, philanthropic contributions and public funding
- Funding is earmarked for a $24 million housing program in Greenwood and North Tulsa, a $60 million cultural preservation fund and a $21 million legacy fund for land development
- Descendants will receive scholarships and housing assistance but the plan does not include direct cash payments to survivors or heirs
- The proposal follows a 2024 Oklahoma Supreme Court rejection of a reparations lawsuit and a Justice Department review that found no path to prosecute massacre crimes