• Tulsa Mayor Monroe Nichols proposes a $105 million trust for community redevelopment.
• The plan aims to address the impacts of the 1921 Race Massacre without direct cash payments to descendants.
• The trust includes funds for housing, cultural preservation, and economic development.
• This initiative follows the establishment of Tulsa Race Massacre Observance Day.
• Only two living survivors of the massacre remain, having not received funding from the city or state.

Tulsa Mayor Monroe Nichols has proposed a $105 million charitable trust dubbed the Greenwood Trust, aiming to address the ongoing impacts of the 1921 Tulsa Race Massacre, one of the most violent racial attacks in U.S. history. This trust will focus on community redevelopment, providing funding for housing, cultural preservation, and economic development initiatives, but notably will not offer direct cash payments to the descendants of the victims or the two surviving witnesses of the massacre, who are now centenarians, according to The Hill and Los Angeles Times.

The plan, announced by Nichols on June 1 during Tulsa’s inaugural official Race Massacre Observance Day, includes a significant allocation of $60 million towards a Cultural Preservation Fund aimed at reducing blight in North Tulsa and revitalizing historic buildings. Nichols emphasized that the proposal represents a "road to repair," rather than using the politically charged term "reparations." He noted that the massacre inflicted long-lasting harm on the community, compounded by persistent underinvestment and policies like redlining, as reported by BBC and ABC News.

The Greenwood Trust aims to secure its full funding by June 1, 2026, coinciding with the 105th anniversary of the massacre. Nichols explained that the trust would be governed by a private board of trustees and executive director, tasked with developing detailed plans over the first operational year. He stated, "Now it’s time to take the next big steps to restore," as emphasized by HuffPost and Los Angeles Times.