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2w ago

Tulsa Mayor Unveils $105M Greenwood Trust to Repair 1921 Race Massacre’s Legacy

The initiative aims to address economic disparities through targeted investments in housing, heritage restoration, community development resources.

Tulsa Mayor Monroe Nichols speaks with North Tulsa resident Rose Hardwick on Thursday, May 22, 2025, as part of a series of "community conversations" the first-term mayor had across the city. (AP Photo/Sean Murphy
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Tulsa Mayor Monroe Nichols speaks to residents of the city's north side on Thursday, May 22, 2025, as part of a series of "community conversations" the first-term mayor had across the city. (AP Photo/Sean Murphy

Overview

  • The private Greenwood Trust was unveiled on June 1 and aims to secure $105 million in assets by the massacre’s 105th anniversary in 2026.
  • Sixty million dollars has been earmarked for the Cultural Preservation Fund to restore Greenwood’s century-old buildings and reduce blight in North Tulsa.
  • A $24 million Housing Fund will provide homeownership assistance and scholarships for descendants of massacre victims and other local residents.
  • The $21 million Legacy Fund will finance educational scholarships, grants and low-interest loans to support small business growth.
  • Survivors and advocates have criticized the exclusion of direct cash payments, arguing it falls short of true reparations.