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This month, NCG's Collaborative Philanthropy Coordinator, Krystle Chipman, sat down with the Loan Underwriter of the Arts Loan Fund and Principal of Padma Consulting, Margaret Southerland. Margaret shared why she believes the Arts Loan Fund (ALF) can be a game changer for arts nonprofits in the region.
First, let’s get honest about the historical context we are operating in. Philanthropy exists as a result of capitalism and was formed through centuries of slavery, colonization, and displacement. The systems are designed to extract resources, privatize wealth, and centralize power and control of said resources. The systems are successfully doing exactly what they have been designed to do.
In the wake of recent violence in Half Moon Bay, Monterey Park, and Memphis I hope you are finding opportunities to collectively grieve and honor the lives of Asian, Latino, and Black community members tragically lost. At NCG we have been sitting with the heaviness of this grief. We extend empathy and solidarity to those who mourn the loss of loved ones and those supporting the injured to heal from these profoundly traumatic acts of violence.
How can corporate philanthropy be responsive to the demands of this moment? It's a question rooted in the very nature of a capitalist economic system, where corporations focus on maximizing returns exacerbates inequities. Into that mix, corporate foundations and champions of social responsibility mobilize their companies’ resources and talent to restore community balance and advance social good.
We all have felt the impact of heat waves this summer, but the costs and stakes are different across communities and neighborhoods in California. While temperatures rise in California, so do extreme heat illnesses and heat mortality. Those most impacted are unlikely to live in cooler coastal communities, or have access to air-conditioned homes.
Popping up near bus stops, train stations, and other strategically placed locations within a driver’s line of vision are giant billboards in crisp black and white, proclaiming: Abortion is and will remain legal in California. Overlaid on the message in a puffy, golden font reads a closing reassurance: We got you!
In the kickoff of out Mic Drop Series, hear from Aria Florant on philanthropy's role in reparations.