Diversity, Equity, and Inclusion
Frequently Asked Questions

Diversity, equity and inclusion (DEI) is used to describe policies and programs that promote participation and involvement of diverse groups of people, including people of different races, ethnicities, gender, abilities and disabilities, cultures, religions, ages, sexual orientations, and people with diverse backgrounds, experiences, and expertise and skills. It derives from the term “diversity and inclusion” (D&I) to reflect the growing focus on equity in organizations and communities. 

Diversity can be described as “all the likenesses and differences between people.” In other words, it’s a combination of all the things that make us individuals such as ethnicity, national origin, age, sexual orientation, religious beliefs, disability, military experience, and socio-economic background, ideas, perspectives, educational background, beliefs, values, etc. A culture of diversity embraces understanding ourselves and each other, moving beyond tolerance to acceptance, and wholly embracing the richness of each individual.

Equity refers to fair and just policies and practices that ensure everyone in an organization or community can thrive. Equity and equality are different in that equality represents treating everyone as if their experiences are exactly the same.

Inclusion is how well the contributions, perspectives, beliefs, and presence of multiple groups of individuals are valued and integrated into an environment.

A diverse and inclusive workplace is one that makes each person feel equally supported and involved in all areas of the workplace, regardless of their background, beliefs, or what they do for the business.

Cultivating a diverse and inclusive workplace environment will not only help organizations attract a diverse set of talent, but it also helps organizations maintain and continue to bring in the diverse talent that attracted people in the first place.

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Council for Inclusion in Financial Services, Inc. is a 501(c)(3) organization dedicated to increase awareness within the financial services industry of the social and economic benefits of multiculturalism in employment and supplier utilization, while also launching initiatives that promote financial literacy to help all Americans understand how to grow their personal wealth.

Donations to Council for Inclusion in Financial Services, Inc. may be tax deductible. Donors should consult their tax advisor for questions regarding deductibility. A copy of the Council for Inclusion in Financial Services, Inc. determination letter is available upon request.

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